Overview
What is Community Real Property Holdings Inc?
Community Real Property Holdings Inc, based in Charlotte, North Carolina, is a charitable organization that manages gifts of unique assets, predominantly real estate, until they can be sold. This nonprofit's primary goal is to utilize the proceeds from these sales to support various other charitable endeavors. By overseeing these assets and facilitating their liquidation, Community Real Property Holdings Inc plays a crucial role in advancing numerous charitable initiatives.
Is Community Real Property Holdings Inc legitimate?
Community Real Property Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Real Property 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
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What is the mission statement of Community Real Property Holdings Inc?
Community Real Property Holdings Inc's mission involves receiving and managing gifts of primarily real estate or unique assets. The organization holds onto these assets until they can be liquidated. The proceeds from the liquidation are then utilized for various charitable endeavors. Essentially, the company's role is to provide management for gifts of real estate until they are sold, and the profits are donated to further charitable causes.
Who is the CEO of Community Real Property Holdings Inc?
Alyssa Federico is the Chair of Community Real Property Holdings Inc.
What is the revenue of Community Real Property Holdings Inc?
Community Real Property Holdings Inc's revenue in 2022 was $7,630,439.
Who are the executives of Community Real Property Holdings Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $270,939
- Other: $43,948
- Compensation: $0
- Related: $179,386
- Other: $24,988
Where can I find the form 990 for Community Real Property Holdings Inc?
Community Real Property Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Real Property Holdings Inc
Community Real Property Holdings Inc is an organization that plays a significant role in charitable efforts. Their primary mission involves receiving and managing gifts of assets, mainly real estate or unique assets. The purpose of these receipts is to hold onto these assets until they can be liquidated. Once the assets are sold, the proceeds are then utilized for further charitable endeavors. In essence, Community Real Property Holdings Inc acts as a manager for these gifts of real estate, ensuring they are properly liquidated and the resulting funds are directed towards other charitable causes.
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Impact
October, 2024
Community Real Property Holdings Inc plays a significant role in the philanthropic landscape by efficiently managing gifts of real estate and unique assets. By receiving and overseeing these assets until they can be liquidated, the organization not only preserves their value but also ensures that the proceeds are directed toward charitable efforts that benefit the community. This process supports a range of human services initiatives, leveraging real estate to generate funds that can enhance and expand charitable programs.
Based in Charlotte, NC, the organization's impact extends beyond mere asset management; it creates a streamlined pathway for individuals to contribute to social good through their properties. By facilitating the transformation of underutilized real estate into resources for charitable endeavors, Community Real Property Holdings Inc contributes to community development and supports a variety of human services that may otherwise lack funding. Overall, the organization serves as a vital link between asset donation and impactful charitable work, amplifying the potential benefits of real estate contributions for societal improvement.
This information is meant to be a general summary of Community Real Property 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 2022.
- Investment Income: -$449,795
- Gross Receipts: $8,602,439
Assets and Liabilities:
- Total Assets: $55,728,249
- Total Liabilities: $3,136,388
- Net Assets: $52,591,861
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Organization Details
Founding Year
2012
Phone
(704) 973-4500Principal Officer
Alyssa Federico
Main Address
220 NORTH TRYON STREET, CHARLOTTE, NC, 28202
NTEE Category
Code: P117 - Human services
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