Overview
What is Empresa Inc?
Empresa Inc is a nonprofit corporation situated in Detroit, Michigan, specifically at 9301 Michigan Avenue, 48210. Its primary mission is to serve as a property holder for related nonprofit organizations. This corporation collects income generated from these properties and transfers it to the specified exempt organizations, aligning with Section 501(C)(2) regulations. In essence, Empresa Inc acts as a real estate custodian, supporting the financial operations of its affiliated nonprofit entities.
Official website here: www.sermetro.org
What do the Facebook reviews say about Empresa Inc?
78% of 8 reviewers on Facebook recommend Empresa Inc. Here is a summary of their reviews:
Many users express enthusiasm for the efforts of Empresa Inc, with one review emphasizing the organization's "great work." The positive sentiment suggests that supportive actions and initiatives taken by the nonprofit are well-received within the community.
Overall, the testimonials reflect a valued contribution from Empresa Inc, indicating a degree of satisfaction among those who appreciate the organization's mission and services.
This AI summary has been generated from reviews found on Facebook.
Is Empresa Inc legitimate?
Empresa Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Empresa Inc 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
For more financial information, click here
Official website here: www.sermetro.org
What is the mission statement of Empresa Inc?
Empresa Inc's mission is centered around holding real estate on behalf of related non-profit organizations. The corporation's primary objective is to collect income from these properties and subsequently distribute it to the permitted exempt organizations, as outlined by Section 501(C)(2). This role serves to provide a financial base for these non-profit organizations, thereby supporting their operations and furthering their respective causes.
Official website here: www.sermetro.org
Who is the CEO of Empresa Inc?
Eva Garza Dewaelsche is the Chairperson of Empresa Inc.
Official website here: www.sermetro.org
What is the revenue of Empresa Inc?
Empresa Inc's revenue in 2022 was $57,525.
Official website here: www.sermetro.org
Who are the executives of Empresa Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $189,619
- Other: $61,359
- Compensation: $0
- Related: $187,732
- Other: $44,085
- Compensation: $0
- Related: $165,242
- Other: $49,444
Official website here: www.sermetro.org
Where can I find the form 990 for Empresa Inc?
Empresa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sermetro.org
Learn more at the official website: www.sermetro.org
Mission Statement of Empresa Inc
Empresa Inc, a corporation, is dedicated to a unique mission. It is organized primarily to serve as a trustee for related non-profit organizations. This role involves holding the title to property, generating income from these properties, and subsequently transferring this income to the specified exempt organizations, in accordance with Section 501(C)(2). In essence, Empresa Inc acts as a steward, managing real estate assets on behalf of these non-profit organizations, thereby contributing to their financial well-being.
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Impact
October, 2024
Empresa Inc plays a vital role in supporting community improvement efforts by managing real estate assets on behalf of related nonprofit organizations. By holding title to properties and collecting rental income, Empresa Inc ensures that the financial resources generated are channeled back into initiatives that benefit the community. This process not only maximizes the utility of the properties but also strengthens the overall impact of the associated nonprofits in Detroit, MI. Through its focused mission, Empresa Inc reinforces the infrastructure necessary for sustainable development and positive change within the local community.
This information is meant to be a general summary of Empresa Inc. 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: $57,525
- Gross Receipts: $57,525
Assets and Liabilities:
- Total Assets: $1,825,985
- Total Liabilities: $0
- Net Assets: $1,825,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$57,525
Organization Details
Founding Year
1994
Phone
(313) 846-2240Principal Officer
Eva Garza Dewaelsche
Main Address
9301 MICHIGAN AVENUE, DETROIT, MI, 48210
Website
www.sermetro.orgNTEE Category
Code: S47 - Community improvement
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