Overview
What is Pf Colonnades West Corporation?
Pf Colonnades West Corporation serves as a dedicated real estate holding entity. Its primary objective is to acquire, manage, and generate income from properties, with the sole aim of supporting the Police and Fire Retirement System (PFRS) of the City of Detroit. By leasing out these properties and deducting operational expenses, the corporation ultimately transfers the entire income to the pension fund. This arrangement ensures financial stability for the retirement system, thus benefiting retired police and fire personnel in the City of Detroit.
Is Pf Colonnades West Corporation legitimate?
Pf Colonnades West Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Pf Colonnades West 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 Pf Colonnades West Corporation?
Pf Colonnades West Corporation's primary mission is to serve the Police and Fire Retirement System (PFRS) of Detroit. It achieves this by acquiring, holding title to, and collecting income from real estate properties. The corporation's main objective is to then transfer the entire income, after deducting expenses, to this pension fund. This dedicated role ensures a steady income stream for the retirement system, supporting the well-being of its beneficiaries.
Who is the CEO of Pf Colonnades West Corporation?
Scott Darling is the Chairman, Ceo & Treasurer of Pf Colonnades West Corporation. The CEO's salary of Pf Colonnades West Corporation is $0 and their total compensation is $0.
What is the revenue of Pf Colonnades West Corporation?
Pf Colonnades West Corporation's revenue in 2020 was -$67,922.
Who are the executives of Pf Colonnades West Corporation and what are their salaries?
There 2 volunteers at Pf Colonnades West Corporation.
Here are 3 key members and their salaries (Pf Colonnades West Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pf Colonnades West Corporation?
Pf Colonnades West Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Pf Colonnades West Corporation
Pf Colonnades West Corporation, as an exempt organization, has a singular mission. Its primary objective is to serve as a real estate holding corporation for the Police and Fire Retirement System (PFRS) of the City of Detroit. The corporation's role is to acquire and hold title to real property, generating income from these properties. This income is then meticulously managed, with all of it, minus any incurred expenses, being diligently transferred to the PFRS Pension Fund. In essence, Pf Colonnades West Corporation acts as a reliable intermediary, ensuring the financial well-being of the PFRS by providing a steady income stream from its real estate holdings.
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Impact
October, 2024
Pf Colonnades West Corporation plays a significant role in supporting the financial stability of the Police and Fire Retirement System (PFRS) of the City of Detroit. By acquiring and holding real estate, the corporation generates income that is entirely dedicated to the pension fund, which benefits the dedicated public servants of Detroit. This income stream helps ensure that retired police and fire personnel receive the benefits they have earned, contributing to their financial security and well-being.
Moreover, the corporation’s activities contribute to community improvement by managing real estate assets that can create jobs and engage local economies. Its focus on long-term asset management and income generation fosters stability not only for retirees but also within the broader community tied to the services provided by those retirees. The corporation's commitment to turning over all income, minus operating expenses, directly supports the pension fund's sustainability, thus enhancing the quality of life for those who served the city.
This information is meant to be a general summary of Pf Colonnades West 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 2020.
- Investment Income: $107
- Gross Receipts: $107
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2000
Phone
(213) 233-5700Principal Officer
Scott Darling
Main Address
515 S Flower St 49th Floor, Los Angeles, CA, 90071
NTEE Category
Code: S47 - Community improvement
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