Overview
What is Living Water Holdings Corporation?
Living Water Holdings Corporation is a nonprofit organization established with a specific purpose: holding title to property and collecting income derived from it. The corporation's role is to manage these assets, retaining the total income after deducting expenses, and subsequently transferring this amount to its sole member, which is also classified as a nonprofit entity under IRC Section 501(A). By summarizing its mission, Living Water Holdings Corporation serves as a property holding entity, generating income and distributing it to its designated beneficiary.
Is Living Water Holdings Corporation legitimate?
Living Water Holdings Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Living Water Holdings Corporation 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 Living Water Holdings Corporation?
Living Water Holdings Corporation is organized with a specific purpose. Its primary objective is to hold title to property and generate income from it. The corporation then transfers the entire income, after deducting expenses, to its sole member, which is described under IRC Section 501(A). In essence, Living Water Holdings Corporation serves as a financial intermediary, collecting and distributing income to its sole member. While this corporation does not have a traditional mission statement focusing on social or community causes, its function is essential in financial management and asset holding.
Who is the CEO of Living Water Holdings Corporation?
Maria Aguilar is the President of Living Water Holdings Corporation.
What is the revenue of Living Water Holdings Corporation?
Living Water Holdings Corporation's revenue in 2022 was $0.
Who are the executives of Living Water Holdings Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Living Water Holdings Corporation?
Living Water Holdings Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Living Water Holdings Corporation
Living Water Holdings Corporation is established with a singular purpose: to hold title to property and generate income from it. This income, after deducting expenses, is then transferred in its entirety to its sole member, which is described under Section 501(a) of the Internal Revenue Code. In essence, Living Water Holdings Corporation serves as a financial intermediary, collecting income from property ownership and distributing the net proceeds to its designated recipient. Its primary function is to manage and monetize property assets, with the ultimate goal of transferring the accumulated income to its designated beneficiary.
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Impact
October, 2024
Living Water Holdings Corporation plays a crucial role in managing properties and generating income that supports its mission. By holding titles to various properties, the corporation ensures that these assets are utilized effectively, contributing to financial stability. The income collected from these properties is funneled toward addressing various needs, aligned with the mission of supporting religious and community initiatives. This operational model not only secures resources but also facilitates the reinvestment of funds back into activities that benefit the local community, thereby amplifying its positive impact in Stafford, TX, and beyond.
This information is meant to be a general summary of Living Water Holdings Corporation. 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: $1,545,236
- Total Liabilities: $0
- Net Assets: $1,545,236
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Organization Details
Phone
(281) 831-9911Principal Officer
Maria Aguilar
Main Address
131 CARLIE WAY, STAFFORD, TX, 77477
NTEE Category
Code: X11 - Religion related
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