Overview
What is Chicago Tabernacle Title Holding Corporation Nfp?
Chicago Tabernacle Title Holding Corporation Nfp, as per the provided information, is a nonprofit organization based in Chicago, Illinois. Its primary function is to hold the title for the land and building located at 3215-3233 N. Cicero Avenue. This property is then rented out to Chicago Tabernacle of the Assemblies of God (CTAOG). The corporation is responsible for managing the property-related expenses, including debt service, and distributing any remaining proceeds to CTAOG. In essence, Chicago Tabernacle Title Holding Corporation Nfp serves as a property management entity for CTAOG, ensuring the smooth operation and maintenance of the church site.
Is Chicago Tabernacle Title Holding Corporation Nfp legitimate?
Chicago Tabernacle Title Holding Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Chicago Tabernacle Title Holding Corporation Nfp 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 Chicago Tabernacle Title Holding Corporation Nfp?
The Chicago Tabernacle Title Holding Corporation Nfp was established with a specific purpose. Its primary objective is to hold the title of a church property and building, located at an undisclosed location. The corporation rents out this property to the Chicago Tabernacle of the Assemblies of God. The main responsibilities of Chicago Tabernacle Title Holding Corporation Nfp include paying off debts and covering expenses related to the property. After fulfilling these duties, the corporation remits any remaining proceeds to the Chicago Tabernacle of the Assemblies of God. In essence, Chicago Tabernacle Title Holding Corporation Nfp serves as a property manager and financial intermediary for the church organization.
Who is the CEO of Chicago Tabernacle Title Holding Corporation Nfp?
Albert Toledo is the Principal Officer of Chicago Tabernacle Title Holding Corporation Nfp.
What is the revenue of Chicago Tabernacle Title Holding Corporation Nfp?
Chicago Tabernacle Title Holding Corporation Nfp's revenue in 2021 was $1,598,458.
Who are the executives of Chicago Tabernacle Title Holding Corporation Nfp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $259,534
- Other: $0
- Compensation: $0
- Related: $52,422
- Other: $0
Where can I find the form 990 for Chicago Tabernacle Title Holding Corporation Nfp?
Chicago Tabernacle Title Holding Corporation Nfp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Chicago Tabernacle Title Holding Corporation Nfp
Chicago Tabernacle Title Holding Corporation Nfp was established with a specific purpose. This nonprofit organization was created to manage the title and property of a church located at a specific address. More precisely, its mission is to hold the title to the land and building located at 3215-3233 N. Cicero Avenue, Chicago, Illinois, and to lease this property to Chicago Tabernacle of the Assemblies of God (CTAOG). The corporation's duties include covering debt service and expenses related to the property and remitting any remaining proceeds to CTAOG. In essence, Chicago Tabernacle Title Holding Corporation Nfp serves as a financial intermediary, ensuring the proper management and maintenance of the church property for the benefit of CTAOG.
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Impact
October, 2024
Chicago Tabernacle Title Holding Corporation (CTTHC) plays a vital role in supporting the local community by facilitating the operation of the Chicago Tabernacle of the Assemblies of God. By holding title to the church property located at 3215-3233 N. Cicero Avenue, CTTHC ensures the church has a stable and dedicated space for worship and community activities.
The corporation manages the financial aspects of the property, including paying debt service and related expenses, which allows the church to focus its resources on community engagement and outreach initiatives. With a structure in place to rent the land to the Chicago Tabernacle, CTTHC fosters an environment where the church can thrive, providing essential services and support to its congregation and the broader community.
Moreover, the proceeds generated from the property rental are remitted to the church, which can redirect those funds towards various community improvement projects, enhancing social cohesion and addressing local needs. Overall, CTTHC's operations contribute significantly to the church’s sustainability and its mission to serve and uplift the Chicago community.
This information is meant to be a general summary of Chicago Tabernacle Title Holding Corporation Nfp. 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.
- Gross Receipts: $1,598,458
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2015
Phone
(773) 583-7344Principal Officer
Albert Toledo
Main Address
3231 N CICERO AVENUE, CHICAGO, IL, 60641
NTEE Category
Code: S40 - Community improvement
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