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Cls Holding Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 383522198 ✦ Wayne, MI ✦ Designated as a 501(c)(2)

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Overview

What is Cls Holding Company Inc?

Cls Holding Company Inc is a firm established with the primary purpose of holding title to real property. This property is acquired for the benefit of Community Living Services, Inc., a 501(c)(3) organization. This nonprofit organization serves around 3,000 individuals with developmental disabilities. By holding the title to the property, Cls Holding Company Inc is indirectly contributing to Community Living Services' mission of providing support and resources to this vulnerable population. The property serves as a vital asset to Community Living Services, helping to further its mission of enhancing the lives of those with developmental disabilities.

Is Cls Holding Company Inc legitimate?

Cls Holding Company Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cls Holding Company 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

What is the mission statement of Cls Holding Company Inc?

Cls Holding Company Inc's primary function is to hold title to real property, serving as a benefactor for Community Living Services, Inc., a 501(c)(3) organization. This organization, in turn, supports around 3,000 individuals with developmental disabilities. The role of Cls Holding Company Inc is essentially to secure property for Community Living Services, thereby contributing to their mission of providing essential services to this population. Although the mission statement of Cls Holding Company Inc itself is not explicitly stated, its purpose can be inferred to be supporting the cause of individuals with developmental disabilities by providing them with the necessary real estate.

Who is the CEO of Cls Holding Company Inc?

Annette Downey is the Ceo of Cls Holding Company Inc. The CEO's salary of Cls Holding Company Inc is $0 and their total compensation is $252,061.

What is the revenue of Cls Holding Company Inc?

Cls Holding Company Inc's revenue in 2022 was $601,566.

Who are the executives of Cls Holding Company Inc and what are their salaries?

There 4 volunteers at Cls Holding Company Inc.


Here are 5 key members and their salaries (Cls Holding Company Inc's CEO's salary is $0 and their total compensation is $252,061):


Annette Downey (Ceo)
  • Compensation: $0
  • Related: $222,725
  • Other: $29,336
Sylvia Kloc (Secretary)
  • Compensation: $0
  • Related: $2
  • Other: $0
Dohn Hoyle (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Satish Jasti (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Walker (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cls Holding Company Inc?

Cls Holding Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cls Holding Company Inc

Cls Holding Company Inc, as a holding entity, is established with a mission to safeguard the title to real property. This mission is carried out for the benefit of Community Living Services, Inc., a 501(C)(3) organization. This nonprofit organization serves approximately 3,000 individuals with developmental disabilities. By holding the title to the real property, Cls Holding Company Inc plays a crucial role in ensuring that Community Living Services, Inc. has secure and reliable access to the necessary facilities to fulfill its mission of serving individuals with developmental disabilities. By providing this essential service, Cls Holding Company Inc contributes to the overall well-being and support of this vulnerable population.

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Impact




October, 2024

Cls Holding Company Inc plays a significant role in supporting the mission of Community Living Services, Inc., which serves approximately 3,000 individuals with developmental disabilities. By holding title to real property, Cls Holding Company ensures that essential facilities and resources are available for this community, fostering an environment where individuals can receive the support and services they need. This organization contributes to community improvement by maintaining and safeguarding properties that are vital for the operation of programs aimed at enhancing the quality of life for individuals with developmental disabilities. Through its activities, Cls Holding Company Inc not only provides a physical foundation for these services but also helps create a sustainable framework for ongoing support and development within the community.




This information is meant to be a general summary of Cls Holding Company 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.

Revenue
$601,566 (2022)
Expenses
$711,050 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $557,707
  • Gross Receipts: $601,566

Assets and Liabilities:

  • Total Assets: $5,996,800
  • Total Liabilities: $1,779,571
  • Net Assets: $4,217,229

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$557,707

Organization Details

Founding Year

2000

Principal Officer

Annette Downey

Main Address

35425 MICHIGAN AVENUE WEST, WAYNE, MI, 481841687

NTEE Category

Code: S47 - Community improvement

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