Overview
What is University Of Chicago Property Holding Corporation?
The University of Chicago Property Holding Corporation is a nonprofit entity that primarily manages real estate properties. Its primary function involves collecting income, primarily rent, from these properties, as per Section 501(c)(2) of the IRS Code. The corporation then remits this income, after deducting expenses, to the University of Chicago, located in Chicago, Illinois. This financial flow supports the University's operations, contributing to its overall mission.
Is University Of Chicago Property Holding Corporation legitimate?
University Of Chicago Property Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. University Of Chicago Property Holding Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of University Of Chicago Property Holding Corporation?
The University of Chicago Property Holding Corporation's primary role is to maintain ownership of property and generate income, primarily through rent from real estate, as outlined in Section 501(c)(2) of the Internal Revenue Service Code. This corporation then proceeds to remit its income, after deducting expenses, to the University of Chicago. The main objective of the Property Holding Corporation is to support the University financially, contributing to its operations in an indirect manner.
Who is the CEO of University Of Chicago Property Holding Corporation?
Unavailable
What is the revenue of University Of Chicago Property Holding Corporation?
University Of Chicago Property Holding Corporation's revenue in 2022 was $814,989.
Who are the executives of University Of Chicago Property Holding Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $324,901
- Other: $53,753
- Compensation: $0
- Related: $761,429
- Other: $57,180
- Compensation: $0
- Related: $892,391
- Other: $98,411
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $248,494
- Other: $19,902
- Compensation: $0
- Related: $497,643
- Other: $56,721
- Compensation: $0
- Related: $908,824
- Other: $95,390
Where can I find the form 990 for University Of Chicago Property Holding Corporation?
University Of Chicago Property Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of Chicago Property Holding Corporation
The University of Chicago Property Holding Corporation, in essence, serves as a steward of property titles. Its primary function involves generating income, primarily through rent from real estate, in accordance with Section 501(c)(2) of the Internal Revenue Service Code. The corporation then transmits its earnings, after accounting for expenses, to the esteemed University of Chicago. In essence, the University of Chicago Property Holding Corporation plays a critical role in supporting the University's financial needs by managing its property portfolio and collecting rental income.
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Impact
October, 2024
The University of Chicago Property Holding Corporation plays a significant role in supporting the financial sustainability of the University of Chicago by managing real estate assets. By holding title to various properties and collecting rental income, the corporation helps generate revenue that is ultimately remitted to the university, contributing to its operational and funding needs.
This incorporation of real estate holdings not only aids the university in maintaining its financial health but also allows for reinvestment in community development initiatives. The income generated can be leveraged to support educational programs, research initiatives, and campus improvements. Thus, the corporation indirectly fosters community improvement by enhancing the university's capacity to serve its mission and engage with the broader Chicago area. Through its strategic property management, the University of Chicago Property Holding Corporation plays a critical role in promoting the university's objectives and enriching the community.
This information is meant to be a general summary of University Of Chicago Property Holding Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $814,989
- Gross Receipts: $814,989
Assets and Liabilities:
- Total Assets: $2,446,722
- Total Liabilities: $821,717
- Net Assets: $1,625,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
manage property
Revenue
$814,989
Organization Details
Founding Year
1960
Phone
(773) 834-5819Main Address
6054 S Drexel Avenue, Chicago, IL, 60637
NTEE Category
Code: S47 - Community improvement
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