Overview
What is Ucan Title Holding Company Ii?
Ucan Title Holding Company II is a title-holding organization, headquartered with a specific mission. They manage property titles and generate income from these properties. Unlike typical title holding companies, Ucan Title Holding Company II does not retain any portion of the income. Instead, they generously donate the entire income to UCAN, a recognized federal exempt organization. The role of Ucan Title Holding Company II is to serve as a financial conduit, channeling resources to support UCAN's initiatives.
Is Ucan Title Holding Company Ii legitimate?
Ucan Title Holding Company Ii is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ucan Title Holding Company Ii 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 Ucan Title Holding Company Ii?
UCAN Title Holding Company II serves as a title holding entity for various properties. The company's primary function involves collecting income derived from these properties. Notably, UCAN Title Holding Company II then proceeds to donate the entirety of this income to UCAN, an exempt federal organization. Essentially, the company's mission aligns with that of a typical title holding company, focusing on property title management and income distribution. The donated income contributes to UCAN's charitable objectives.
Who is the CEO of Ucan Title Holding Company Ii?
Christa Hamilton is the Vice President (Until 09/21) of Ucan Title Holding Company Ii. The CEO's salary of Ucan Title Holding Company Ii is $0 and their total compensation is $69,197.
What is the revenue of Ucan Title Holding Company Ii?
Ucan Title Holding Company Ii's revenue in 2022 was $190,000.
Who are the executives of Ucan Title Holding Company Ii and what are their salaries?
There 2 volunteers at Ucan Title Holding Company Ii.
Here are 5 key members and their salaries (Ucan Title Holding Company Ii's CEO's salary is $0 and their total compensation is $69,197):
- Compensation: $0
- Related: $158,014
- Other: $0
- Compensation: $0
- Related: $66,445
- Other: $2,752
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $272,676
- Other: $0
Where can I find the form 990 for Ucan Title Holding Company Ii?
Ucan Title Holding Company Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ucan Title Holding Company Ii
Ucan Title Holding Company II is a title holding company with a unique mission. Its primary role is to hold titles to various properties and collect income generated from these properties. This income, in its entirety, is then donated to UCAN, a recognized exempt federal organization. The company's mission, therefore, aligns with that of a typical title holding company, but with the added distinction of channeling its earnings towards supporting UCAN's causes. Ucan Title Holding Company II operates as a financial conduit, leveraging its real estate holdings to generate funds that ultimately contribute to UCAN's charitable activities. By donating all its income, the company plays a significant role in supporting UCAN's mission and the causes it stands for.
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Impact
October, 2024
UCAN Title Holding Company II plays a significant role in the community by managing real estate assets and generating income through property holdings. By accumulating revenue from these properties, the company effectively supports UCAN, which focuses on enhancing the lives of individuals and families in the community. The income generated is fully donated to UCAN, enabling it to fund various programs and initiatives aimed at community improvement and support. This financial contribution bolsters UCAN's ability to provide essential services, thereby making a positive impact on local residents and contributing to overall community development in Chicago, IL.
This information is meant to be a general summary of Ucan Title Holding Company Ii. 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.
- Program Service Revenue: $190,000
- Gross Receipts: $190,000
Assets and Liabilities:
- Total Assets: $11,689,585
- Total Liabilities: $11,878,803
- Net Assets: -$189,218
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Inc. from UCAN
Revenue
$190,000
Organization Details
Founding Year
2014
Phone
(773) 588-0180Principal Officer
Christa Hamilton
Main Address
3605 W Fillmore Street, Chicago, IL, 60624
NTEE Category
Code: S47 - Community improvement
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