Overview
What is Cccf River Glen Holdings Inc?
Cccf River Glen Holdings Inc is a nonprofit organization primarily established to manage real property for the benefit of the Cayuga County Community College Foundation, Inc. and Cayuga Community College. The organization's purpose was to collect income from the held property. In 2018, the board of directors approved a plan to dissolve River Glen, with all remaining assets being transferred to the foundation before they resolved their mortgage payable in 2019. The organization was officially dissolved in October 2021. Although its primary role was real estate management, it also contributed financially to the foundation and the college, demonstrating its support for education in the community.
Is Cccf River Glen Holdings Inc legitimate?
Cccf River Glen Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cccf River Glen Holdings 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 Cccf River Glen Holdings Inc?
Cccf River Glen Holdings Inc's primary mission was to serve as a holding entity, managing real property for the benefit of two main entities: the Cayuga County Community College Foundation, Inc. and Cayuga Community College. Specifically, its role was to collect income derived from these properties. The income collected was intended to support the operations and initiatives of both the foundation and the community college. The organization operated until August 31, 2018, when it had fully liquidated its assets and transferred the remaining cash to the foundation. In 2019, River Glen resolved its mortgage payable, and the organization was legally dissolved on October 5, 2021. Throughout its existence, River Glen's primary objective was to provide financial support to the Cayuga County Community College Foundation and Cayuga Community College.
Who is the CEO of Cccf River Glen Holdings Inc?
Guy Thomas Cosentino is the Executive Director of Cccf River Glen Holdings Inc.
What is the revenue of Cccf River Glen Holdings Inc?
Cccf River Glen Holdings Inc's revenue in 2021 was $0.
Who are the executives of Cccf River Glen Holdings Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $99,813
- Other: $7,985
Where can I find the form 990 for Cccf River Glen Holdings Inc?
Cccf River Glen Holdings Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Cccf River Glen Holdings Inc
Cccf River Glen Holdings Inc, as a nonprofit entity, was established with a mission to serve the Cayuga County Community College Foundation, Inc. and Cayuga Community College. Its primary objective was to hold title to real property and collect income derived from it, with the ultimate goal of benefiting these two entities. By holding and managing the property effectively, River Glen was able to generate revenue that could be utilized for the betterment of the community college and its foundation.
In essence, Cccf River Glen Holdings Inc acted as a steward of real property, leveraging its ownership to generate income for the benefit of the Cayuga County Community College Foundation and Cayuga Community College. The organization's mission was to ensure that the revenue generated from the property was used in a manner that would contribute positively to the educational and community development initiatives of the college and its foundation.
After a period of operation, Cccf River Glen Holdings Inc underwent a process of dissolution. This was a deliberate and orderly process, which involved the liquidation of its assets and the transfer of any remaining funds to the Cayuga County Community College Foundation. Following the resolution of its mortgage payable, the organization was legally dissolved on October 5, 2021. Despite its dissolution, the legacy of Cccf River Glen Holdings Inc continues to influence the operations and growth of the Cayuga County Community College Foundation and Cayuga Community College.
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Impact
October, 2024
Cccf River Glen Holdings Inc significantly contributed to the financial well-being of the Cayuga County Community College Foundation and Cayuga Community College during its operational period. Its primary function was to hold real property, which allowed it to collect income that benefited the college and foundation. This support played a crucial role in providing vital resources for educational programs and initiatives.
The organization’s decision, approved in March 2018, to dissolve was part of an orderly transition as it resolved its financial obligations, including a mortgage. By August 2018, River Glen had effectively liquidated its assets and transferred all remaining cash to the Foundation, enhancing the financial stability of the educational entities it supported. Following the resolution of its mortgage in 2019, River Glen completed its intended mission by officially dissolving in October 2021.
Although Cccf River Glen Holdings Inc has ceased operations, its legacy continues through the enhanced financial resources it provided, which are instrumental in furthering the mission of the Cayuga County Community College and its foundation.
This information is meant to be a general summary of Cccf River Glen Holdings 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2011
Phone
(315) 255-1743Principal Officer
Guy Thomas Cosentino
Main Address
197 FRANKLIN STREET, AUBURN, NY, 13021
NTEE Category
Code: B114 - Education
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