Overview
What is Metrosquash Title Holding Corporation?
Metrosquash Title Holding Corporation is a nonprofit entity, established by Metrosquash NFP, a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code. Its primary purpose is to serve as a title holding corporation for Metrosquash NFP, collecting income generated from properties and transferring it, after deducting expenses, to its parent organization. Essentially, its role is to manage real estate assets, ensuring a steady income stream for Metrosquash NFP.
Is Metrosquash Title Holding Corporation legitimate?
Metrosquash Title Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Metrosquash Title Holding 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
For more financial information, click here
What is the mission statement of Metrosquash Title Holding Corporation?
The Metrosquash Title Holding Corporation was established with the charitable intention of holding title to or a leasehold interest in property. Their primary objective is to generate income from this property and subsequently transfer the entire income, minus expenses, to Metrosquash NFP, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. In essence, Metrosquash Title Holding Corporation serves as a financial intermediary, contributing to the income of Metrosquash NFP, which is dedicated to charitable causes.
Who is the CEO of Metrosquash Title Holding Corporation?
David Kay is the Chairperson of Metrosquash Title Holding Corporation.
What is the revenue of Metrosquash Title Holding Corporation?
Metrosquash Title Holding Corporation's revenue in 2021 was $6,520,005.
Who are the executives of Metrosquash Title Holding Corporation and what are their salaries?
There 3 volunteers at Metrosquash Title Holding Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $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 Metrosquash Title Holding Corporation?
Metrosquash Title Holding Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Metrosquash Title Holding Corporation
Metrosquash Title Holding Corporation, established by Metrosquash NFP, a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, serves a unique purpose. This corporation was specifically created to function as a title holding entity, owning or leasing property and collecting income from it. The primary objective of Metrosquash Title Holding Corporation is to transfer the entire income generated from the property, after deducting expenses, to Metrosquash NFP, another tax-exempt organization under the same section. This arrangement allows Metrosquash NFP to utilize the income for its charitable purposes, thereby contributing to its overall mission.
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
Metrosquash Title Holding Corporation significantly contributed to the management and preservation of assets within the Metrosquash nonprofit framework. By operating as a title holding entity, it facilitated the collection of income from property holdings, ensuring financial resources were available to support Metrosquash NFP’s charitable activities. This structure allowed Metrosquash NFP to focus on its mission—providing essential services and programs to the community—while the title holding corporation managed real estate interests. The ultimate goal was to funnel any net income back to Metrosquash NFP, enhancing its ability to serve underserved populations. Although the organization is no longer active, its established role in safeguarding assets and generating income underlines its impact on the sustainability and operational effectiveness of the associated nonprofit.
This information is meant to be a general summary of Metrosquash Title Holding 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 2021.
- Investment Income: $6,462,255
- Gross Receipts: $6,520,005
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(773) 241-5150Principal Officer
David Kay
Main Address
77 W WACKER DRIVE, CHICAGO, IL, 60601
NTEE Category
Code: L99 - Housing
If you are a representative of Metrosquash Title Holding Corporation 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.