Overview
What is University Properties Inc?
University Properties Inc is a nonprofit organization situated in Baltimore, Maryland. Its primary role is to serve as a title-holding entity for the University of Baltimore Foundation, Inc. This entails purchasing, leasing, or holding title to both real and personal property on behalf of the foundation. By performing this function, University Properties Inc acts as a supportive organization, enabling the foundation to effectively manage its property holdings. This role is carried out through leasing arrangements with related exempt organizations, thereby contributing to the overall mission of the University of Baltimore Foundation.
Is University Properties Inc legitimate?
University Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. University Properties 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:
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What is the mission statement of University Properties Inc?
University Properties Inc's mission is centered around supporting the University of Baltimore Foundation Inc. Specifically, it aims to acquire, lease, or hold title to various properties in a role as a title-holding organization, benefiting the foundation. The organization's activities primarily involve leasing properties to a related exempt organization, furthering the interests of the University of Baltimore Foundation Inc.
What is the revenue of University Properties Inc?
University Properties Inc's revenue in 2024 was $846,378.
Who are the executives of University Properties Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for University Properties Inc?
University Properties Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of University Properties Inc
University Properties Inc, as a title holding organization, is committed to supporting the University of Baltimore Foundation, Inc. This commitment is demonstrated through its mission to acquire, lease, or maintain ownership of real or personal property. The primary purpose of University Properties Inc is to provide a platform for the foundation to benefit from property-related activities, serving as a title holder for their benefit. By fulfilling this role, University Properties Inc contributes to the broader mission of the University of Baltimore Foundation, Inc. by providing a stable and secure base for their operations.
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Impact
October, 2024
University Properties Inc plays a significant role in supporting the University of Baltimore Foundation, Inc by managing and holding real and personal property for the foundation's benefit. Its activities include purchasing, leasing, and maintaining properties, which are essential for generating resources that support the university's mission. By functioning as a title holding organization, University Properties Inc ensures that the foundation has access to the physical assets necessary for its growth and development.
Located in Baltimore, MD, the organization significantly contributes to community improvement efforts. It facilitates the foundation's ability to provide educational opportunities and support services, ultimately enhancing the university's impact on the local community. Through its real estate activities, University Properties Inc helps foster a sustainable environment for the foundation, which in turn enriches the educational landscape and benefits the broader community in Baltimore.
This information is meant to be a general summary of University Properties 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 2024.
- Investment Income: $85,820
- Program Service Revenue: $3,918
- Gross Receipts: $887,459
Assets and Liabilities:
- Total Assets: $1,708,913
- Total Liabilities: $230,521
- Net Assets: $1,478,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,918
Organization Details
Founding Year
1975
Principal Officer
Peter Pinkard
NTEE Category
Code: S47 - Community improvement
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