Overview
What is 3948 Amboy Road Realty Corp?
3948 Amboy Road Realty Corp is a nonprofit organization, established with the primary objective of managing property located at 3948 Amboy Road, Staten Island, New York 10308. Their main function involves collecting rent from this property and subsequently transferring the entire income, after deducting expenses, to the Amalgamated Transit. The organization's role is essentially property-based, focused on financial management and monetary distribution.
Is 3948 Amboy Road Realty Corp legitimate?
3948 Amboy Road Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 3948 Amboy Road Realty Corp 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 3948 Amboy Road Realty Corp?
The organization, 3948 Amboy Road Realty Corp, has a straightforward mission. Its primary objective is to hold title to property and collect rent from tenants. The organization then meticulously manages its expenses and transfers the remaining funds to the Amalgamated Transit. This financial arrangement ensures the smooth operation of the transit service. While the organization does not engage in direct service provision, its role in property management and revenue generation is crucial in supporting the transit operations.
Who is the CEO of 3948 Amboy Road Realty Corp?
Thomas Mason is the President of 3948 Amboy Road Realty Corp.
What is the revenue of 3948 Amboy Road Realty Corp?
3948 Amboy Road Realty Corp's revenue in 2022 was -$18,862.
Who are the executives of 3948 Amboy Road Realty Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $95,193
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $64,679
- Other: $0
Where can I find the form 990 for 3948 Amboy Road Realty Corp?
3948 Amboy Road Realty Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 3948 Amboy Road Realty Corp
3948 Amboy Road Realty Corp, as a mission-driven organization, is primarily dedicated to managing property and collecting rent. Its primary objective is to then transfer the total rental income, less any expenses, to the Amalgamated Transit. This financial arrangement ensures a steady stream of funds for the Amalgamated Transit, supporting its operations and services. The role of 3948 Amboy Road Realty Corp in this context is vital, as it acts as a financial intermediary, enabling the Amalgamated Transit to focus on its core operations and services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
3948 Amboy Road Realty Corp significantly contributes to the local economy and community by managing real estate assets in Staten Island, NY. Its primary function is to hold title to properties, from which it collects rent. The revenue generated from these rental activities is then largely directed to the Amalgamated Transit, enabling further investments in transportation and infrastructure that benefit the community.
By maintaining and managing property, the organization plays an essential role in providing stable housing options in the area. This steady stream of income not only supports local transit initiatives but also indirectly fosters community development, as improved transit options can enhance accessibility and spur additional economic activities in Staten Island.
Additionally, the corporation's focus on managing real estate contributes to overall property value stabilization in the region, ensuring a balanced housing market while aligning with community needs and interests. Through these efforts, 3948 Amboy Road Realty Corp plays a vital role in enhancing the quality of life for residents and promoting sustainable growth in the Staten Island area.
This information is meant to be a general summary of 3948 Amboy Road Realty Corp. 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: $72
- Program Service Revenue: $71,380
- Gross Receipts: $171,163
Assets and Liabilities:
- Total Assets: $1,947,124
- Total Liabilities: $857,020
- Net Assets: $1,090,104
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME- RELATED
Revenue
$71,380
Organization Details
Founding Year
2012
Phone
(718) 612-5615Principal Officer
Thomas Mason
Main Address
3948 AMBOY ROAD, STATEN ISLAND, NY, 10308
NTEE Category
Code: L02 - Housing
If you are a representative of 3948 Amboy Road Realty Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.