Overview
What is Shock Cancer Inc?
Shock Cancer Inc, located in Baltimore, Maryland, is a nonprofit organization with a compassionate mission. Its primary goal is to offer support and resources to families battling cancer. To achieve this, Shock Cancer Inc purchases rental properties, with the proceeds from these transactions being utilized to alleviate the financial burdens of affected families. By doing so, these families can spend their remaining time with their loved ones, providing them with emotional and practical assistance during this challenging period. Additionally, Shock Cancer Inc is dedicated to providing information and guidance to families affected by cancer, ensuring they are well-equipped to navigate their journey. The organization's commitment to its cause extends to meeting necessary regulatory requirements, such as obtaining an NAID number, which is essential for purchasing real estate directly from the Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD).
Official website here: www.shockcancer.com/
Is Shock Cancer Inc legitimate?
Shock Cancer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shock Cancer 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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Official website here: www.shockcancer.com/
What is the mission statement of Shock Cancer Inc?
Shock Cancer Inc's mission is centered around providing assistance to families affected by cancer. Specifically, the organization aims to support these families by purchasing rental properties and covering their expenses while they spend time with their sick child before they pass away. This initiative is part of Shock Cancer Inc's commitment to alleviate some of the financial burden that often accompanies cancer treatment. The organization's goal is to provide a sanctuary for these families, allowing them to focus on their loved ones during their most challenging times. Additionally, Shock Cancer Inc pursues this mission to meet certain requirements set by the Federal Housing Administration (FHA) and the Department of Housing and Urban Development (HUD).
Official website here: www.shockcancer.com/
Who is the CEO of Shock Cancer Inc?
Michael Shock is the President of Shock Cancer Inc.
Official website here: www.shockcancer.com/
What is the revenue of Shock Cancer Inc?
Shock Cancer Inc's revenue in 2020 was -$131,233.
Official website here: www.shockcancer.com/
Who are the executives of Shock Cancer Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.shockcancer.com/
Where can I find the form 990 for Shock Cancer Inc?
Shock Cancer Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.shockcancer.com/
Learn more at the official website: www.shockcancer.com/
Mission Statement of Shock Cancer Inc
Shock Cancer Inc, a nonprofit organization, is dedicated to providing support and information to families impacted by cancer. Their mission is centered around purchasing rental properties, with all income generated from these properties used to alleviate the expenses of families whose children are battling this disease. This unique approach allows these families to spend their final moments with their loved ones, without the financial burden weighing heavily on them. The reason behind Shock Cancer Inc's real estate ventures is to meet the Federal Housing Administration's (FHA) requirement of completing at least eight transactions under its name before it can apply for an NAID number. An NAID number, which stands for Name, Address, Identifier, is essential for an entity to be eligible to purchase real estate directly from the FHA and the Department of Housing and Urban Development (HUD).
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Impact
October, 2024
Shock Cancer Inc significantly impacts families coping with the hardships of cancer by providing essential financial support and resources during their most challenging times. By purchasing rental properties, the organization generates cash flow that allows families with a sick child to focus fully on spending quality moments together, free from the burden of financial stress. This approach not only helps alleviate the immediate concerns of daily expenses but also enables families to create lasting memories in their final moments together.
Additionally, Shock Cancer Inc's commitment to real estate transactions is a strategic move that aligns with FHA requirements, positioning the organization for further expansion and potential resources. This framework ultimately strengthens the support it can offer to families in need, solidifying its role as a critical lifeline in the Baltimore community and beyond. Through its mission, Shock Cancer Inc advocates for those affected by cancer, offering hope and stability amidst tumultuous circumstances.
This information is meant to be a general summary of Shock Cancer 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 2020.
- Investment Income: -$131,233
- Gross Receipts: $4,066,625
Assets and Liabilities:
- Total Assets: $269,193
- Total Liabilities: $417,744
- Net Assets: -$148,551
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Organization Details
Founding Year
2014
Phone
(410) 371-8883Principal Officer
Michael Shock
Main Address
6600 MORAVIA PARK DRIVE, BALTIMORE, MD, 21237
Website
www.shockcancer.com/NTEE Category
Code: G30 - Disease
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