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Woburn Irf Investment Group Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 475054436 ✦ El segundo, CA ✦ Designated as a 501(c)(25)

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Overview

What is Woburn Irf Investment Group Inc?

Woburn Irf Investment Group Inc is a Title Holding Company situated in El Segundo, California. Their primary function involves managing real estate properties, with the aim to generate income that ultimately benefits the Alaska Permanent Fund Corporation. The company's operations encompass holding and managing these properties, which in turn, contributes to a significant financial resource for the stated corporation.

Is Woburn Irf Investment Group Inc legitimate?

Woburn Irf Investment Group Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Woburn Irf Investment Group 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

For more financial information, click here

What is the mission statement of Woburn Irf Investment Group Inc?

Woburn Irf Investment Group Inc serves as a Title Holding Company, its primary objective being to manage and generate income from real property. This income is subsequently channeled towards benefiting the Alaska Permanent Fund Corporation. The company's operations are carried out from its location in El Segundo, California. However, it's important to note that the mission statement does not explicitly mention any specific goals or objectives beyond these core functions.

Who is the CEO of Woburn Irf Investment Group Inc?

Unavailable

What is the revenue of Woburn Irf Investment Group Inc?

Woburn Irf Investment Group Inc's revenue in 2022 was $4,320,007.

Who are the executives of Woburn Irf Investment Group Inc and what are their salaries?


Here are 3 key members and their salaries:


Kim Smith (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael L Mchargue (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Depoy (Vp/Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Woburn Irf Investment Group Inc?

Woburn Irf Investment Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Woburn Irf Investment Group Inc

Woburn Irf Investment Group Inc, as a title holding company, is dedicated to its mission of managing real property. This organization's primary goal is to generate income from these properties, which in turn benefits the Alaska Permanent Fund Corporation. By serving as a title holding company, Woburn Irf Investment Group Inc plays a crucial role in managing and leveraging property assets for a specific purpose, contributing to the welfare of a different entity, in this case, the Alaska Permanent Fund Corporation.

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Impact




October, 2024

Woburn Irf Investment Group Inc significantly contributes to the funding of the Alaska Permanent Fund Corporation by holding real property and generating income from these assets. By functioning as a Title Holding Company, it not only manages these properties effectively but also ensures a sustainable revenue stream that benefits the state of Alaska. This approach allows the organization to play a role in community improvement efforts, fostering economic stability and supporting public services through the distribution of funds derived from its real estate operations. Its strategic location in El Segundo, CA, positions it advantageously for operational efficiency while maximizing its positive socio-economic impact.




This information is meant to be a general summary of Woburn Irf Investment Group 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.

Revenue
$4,320,007 (2022)
Expenses
$1,833,994 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,453
  • Program Service Revenue: $4,316,554
  • Gross Receipts: $4,320,007

Assets and Liabilities:

  • Total Assets: $73,031,908
  • Total Liabilities: $26,279,804
  • Net Assets: $46,752,104

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REAL PROPERTY RENTAL INCOME

Revenue

$3,866,476

TENANT REIMBURSEMENTS

Revenue

$450,078

Organization Details

Founding Year

2015

Main Address

2274 E MAPLE AVE, EL SEGUNDO, CA, 90245

NTEE Category

Code: S47 - Community improvement

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