Overview
What is Real Estate Charitable Foundation Of Maryland Inc?
Real Estate Charitable Foundation of Maryland Inc is a nonprofit organization that primarily focuses on managing and utilizing donated real estate and tangible properties to support the Community Foundation of Howard County Inc. Their mission is to contribute to the betterment of their community by accepting, maintaining, leasing, financing, and disposing of these gifts. By doing so, they help enhance the resources and capabilities of the Community Foundation, ultimately benefiting the wider community in Howard County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Real Estate Charitable Foundation Of Maryland Inc has received a 73% score from Charity Navigator, reflecting a Two-Star rating. This score indicates that while the organization performs adequately in terms of accountability and finance, there is room for improvement in other areas that could enhance its overall effectiveness. The rating is derived solely from the accountability and finance beacon, emphasizing the importance of financial health in evaluating nonprofit organizations.
One of the organization's strengths is its governance, with a fully independent board of ten members, earning top marks in both majority independent board members and independent board size. Additionally, the foundation demonstrates strong financial management, with a 0.00% liabilities to assets ratio and a high program expense ratio of 98.90%, indicating that the majority of its resources are directed toward its charitable programs.
However, the overall Two-Star rating suggests that while the foundation excels in certain financial aspects, it may need to address other factors that contribute to a more comprehensive evaluation of its impact and effectiveness. Continuous improvement in these areas could enhance the foundation's credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Real Estate Charitable Foundation Of Maryland Inc legitimate?
Real Estate Charitable Foundation Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Real Estate Charitable Foundation Of Maryland Inc submitted a form 990EZ, 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.
What is the mission statement of Real Estate Charitable Foundation Of Maryland Inc?
The Real Estate Charitable Foundation of Maryland Inc's mission is centered around accepting, maintaining, and managing real estate and other tangible properties. The primary objective is to utilize these gifts for the benefit and support of the Community Foundation of Howard County Inc. This endeavor aims to contribute positively to the community, providing a means of support and improvement.
Who is the CEO of Real Estate Charitable Foundation Of Maryland Inc?
Unavailable
What is the revenue of Real Estate Charitable Foundation Of Maryland Inc?
Real Estate Charitable Foundation Of Maryland Inc's revenue in 2022 was $0.
Who are the executives of Real Estate Charitable Foundation Of Maryland Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990EZ for Real Estate Charitable Foundation Of Maryland Inc?
Real Estate Charitable Foundation Of Maryland Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Real Estate Charitable Foundation Of Maryland Inc
The Real Estate Charitable Foundation of Maryland Inc, in essence, is dedicated to accepting, managing, and utilizing gifts of real estate and other tangible properties. This foundation's primary objective is to support the Community Foundation of Howard County Inc. By doing so, it aims to contribute positively to its community. The foundation can own, lease, finance, and dispose of these properties to further its mission. This strategic approach allows the Real Estate Charitable Foundation of Maryland Inc to provide substantial benefits and backing to the Community Foundation of Howard County Inc. In this manner, the real estate foundation plays a vital role in enhancing its community's well-being and development.
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Impact
October, 2024
The Real Estate Charitable Foundation of Maryland Inc plays a significant role in supporting the community Foundation of Howard County by managing and maximizing the value of real estate and tangible property donations. By accepting and maintaining these gifts, the foundation helps to generate resources that can be directed toward various community initiatives and programs. This process not only aids in financial sustainability for the foundation but also helps to address local needs and improve the quality of life in Howard County. The foundation's activities foster philanthropy and encourage others to contribute, ultimately enhancing community well-being through strategic asset management and community-focused support.
This information is meant to be a general summary of Real Estate Charitable Foundation Of Maryland 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.
Assets and Liabilities:
- Total Assets: $4,987
- Total Liabilities: $0
- Net Assets: $4,987
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Organization Details
Phone
(410) 730-7840Main Address
6680 MARTIN ROAD, COLUMBIA, MD, 21044
NTEE Category
Code: T30 - Philanthropy
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