Overview
What is Waikoloa Mauka Land Corp?
Waikoloa Mauka Land Corp is a nonprofit organization, established with the primary objective of acquiring and holding title to real property. Their mission extends beyond ownership, as they aim to develop these properties and generate income. This income is then remitted to their sole shareholder, which is a pension plan. While the information does not provide specifics about their impact or scope, it indicates that Waikoloa Mauka Land Corp operates with the intention of benefiting a pension plan through real estate endeavors.
Is Waikoloa Mauka Land Corp legitimate?
Waikoloa Mauka Land Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Waikoloa Mauka Land 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.
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What is the mission statement of Waikoloa Mauka Land Corp?
Waikoloa Mauka Land Corp was established with the primary objective of acquiring and holding title to real property. Its primary goal is to generate income, which is then remitted to its sole shareholder, a pension plan. The corporation's activity revolves around the development of the acquired properties, and the collection of income derived from these properties. This income is then forwarded to the pension plan, serving as its main source of revenue.
Who is the CEO of Waikoloa Mauka Land Corp?
Victor Kwok is the Director/Exec. Vice President of Waikoloa Mauka Land Corp.
What is the revenue of Waikoloa Mauka Land Corp?
Waikoloa Mauka Land Corp's revenue in 2022 was $252,087.
Who are the executives of Waikoloa Mauka Land Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Waikoloa Mauka Land Corp?
Waikoloa Mauka Land Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waikoloa Mauka Land Corp
Waikoloa Mauka Land Corp was established with a specific purpose: to acquire and hold title to real property and develop it to generate income. This income is then collected and remitted to a sole shareholder, a pension plan. In simpler terms, the corporation's mission is to invest in real estate and generate revenue, which is then funneled back into a retirement fund. The corporation's activities are centered around this mission, aiming to maximize returns for the pension plan while managing its real estate portfolio effectively.
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Impact
October, 2024
Waikoloa Mauka Land Corp is focused on acquiring and holding title to real property while developing this land to generate income. This income is specifically directed to the sole shareholder, a pension plan. The activities of Waikoloa Mauka Land Corp influence local economic development by optimizing the use of real estate assets and contributing to community improvement efforts. Through strategic property management and development, the corporation plays a role in enhancing the value of the area, supporting local infrastructure, and potentially providing employment opportunities. By remitting income to the pension plan, it also helps ensure financial security for its beneficiaries, thus fostering economic stability in the broader community.
This information is meant to be a general summary of Waikoloa Mauka Land 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: $257,116
- Gross Receipts: $907,122
Assets and Liabilities:
- Total Assets: $18,222,948
- Total Liabilities: $36,609
- Net Assets: $18,186,339
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Organization Details
Founding Year
2015
Phone
(650) 343-6333Principal Officer
Victor Kwok
Main Address
2025 PIONEER CT, SAN MATEO, CA, 94403
NTEE Category
Code: S47 - Community improvement
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