Overview
What is Commonwealth Forest Investments Inc?
Commonwealth Forest Investments Inc is a nonprofit organization with a unique mission. Its primary aim is to acquire, hold title to, and generate income from real property. This income, after deducting expenses, is then remitted in its entirety to one or more member organizations, as per the Internal Revenue Code Section 501(C)(25)(C). This nonprofit's activities revolve around the real estate sector, contributing financially to other qualifying organizations.
Is Commonwealth Forest Investments Inc legitimate?
Commonwealth Forest Investments Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Commonwealth Forest Investments 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
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What is the mission statement of Commonwealth Forest Investments Inc?
Commonwealth Forest Investments Inc's primary mission is to acquire and hold title to real property. The primary objective is to collect revenue from these properties. This income, after deducting expenses, is then remitted in its entirety to one or more organizations that fall under IRC Section 501(C)(25)(C). In essence, the company's role is to generate revenue from real estate and distribute it to eligible charitable organizations.
Who is the CEO of Commonwealth Forest Investments Inc?
Mike Cerchiaro is the Senior Vice President of Commonwealth Forest Investments Inc.
What is the revenue of Commonwealth Forest Investments Inc?
Commonwealth Forest Investments Inc's revenue in 2022 was $0.
Who are the executives of Commonwealth Forest Investments Inc 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 Commonwealth Forest Investments Inc?
Commonwealth Forest Investments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commonwealth Forest Investments Inc
Commonwealth Forest Investments Inc, as per its mission, focuses on acquiring, holding title to, and generating revenue from real property. The primary objective of this organization is to then remit the entire income, after deducting expenses, to one or more member organizations that fall under the category of 501(C)(25)(C) as defined by the Internal Revenue Code. By carrying out these activities, Commonwealth Forest Investments Inc plays a crucial role in supporting the financial needs of these specified member organizations.
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Impact
October, 2024
Commonwealth Forest Investments Inc plays a significant role in enhancing public benefit by acquiring and managing real property. By holding title to these properties and collecting revenue from them, the organization supports various member organizations that align with 501(c)(25)(C) criteria. This structure enables the flow of financial resources to initiatives focused on community improvement, sustainability, and other public interests.
Through its financial activities, Commonwealth Forest Investments Inc contributes to local economies and fosters the development and maintenance of assets that can provide long-term benefits. The revenue generated is channeled back into organizations that work towards common good objectives, amplifying the impact of each dollar invested in real estate. This approach not only creates economic opportunities but also reinforces commitments to environmental stewardship and community support.
This information is meant to be a general summary of Commonwealth Forest Investments 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: $511,870
- Total Liabilities: $5,352,576
- Net Assets: -$4,840,706
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Organization Details
Founding Year
1992
Phone
(404) 261-9575Principal Officer
Mike Cerchiaro
Main Address
15 PIEDMONT CENTER 1250, ATLANTA, GA, 30305
NTEE Category
Code: W60Z - Public benefit
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