Overview
What is Arc Properties Inc?
Arc Properties Inc is a company based in Frederick, Maryland, specifically located at 620-A Research Court. Its primary role involves holding title to and leasing real property to its parent organization, The Arc of Frederick County, Inc. This latter entity is a 501(C)(3) non-profit organization, which means it operates on a charitable basis and is dedicated to enhancing the lives of individuals with intellectual and developmental disabilities in Frederick County. Arc Properties Inc's activities directly contribute to the mission of its parent organization, providing them with appropriate facilities to carry out their charitable work.
Is Arc Properties Inc legitimate?
Arc Properties Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Arc 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Arc Properties Inc?
Arc Properties Inc serves as a property holder and lessor, providing real estate to its parent organization, The Arc of Frederick County Inc. This non-profit organization, classified as a 501(c)(3), is dedicated to supporting individuals with intellectual and developmental disabilities. By leasing property to its parent organization, Arc Properties Inc contributes to the broader mission of the Arc of Frederick County Inc, which aims to enhance the lives of these individuals through various support services. The specific mission statement of Arc Properties Inc itself is not provided in the information, as it primarily focuses on real estate management.
Who is the CEO of Arc Properties Inc?
Kathy Laky is the President of Arc Properties Inc.
What is the revenue of Arc Properties Inc?
Arc Properties Inc's revenue in 2023 was $392,553.
Who are the executives of Arc Properties Inc and what are their salaries?
There 5 volunteers at Arc Properties Inc.
Here are 5 key members and their salaries:
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- Related: $128,668
- Other: $18,094
Where can I find the form 990 for Arc Properties Inc?
Arc Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Arc Properties Inc
Arc Properties Inc, as a supporting entity, holds the title to and leases real property to its parent organization, The Arc of Frederick County, Inc. This 501(c)(3) non-profit organization is dedicated to enhancing the lives of individuals with intellectual and developmental disabilities. By providing suitable real estate, Arc Properties Inc plays a crucial role in facilitating the mission of its parent organization. This mission, in turn, focuses on promoting equal opportunities, fostering independence, and enhancing the quality of life for individuals with intellectual and developmental disabilities. By leasing property to The Arc of Frederick County, Inc., Arc Properties Inc contributes to the overall mission of enabling these individuals to live full, productive lives with dignity and respect.
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Impact
October, 2024
Arc Properties Inc plays a pivotal role in the community by facilitating the availability of real estate for its parent organization, The Arc of Frederick County, Inc. By holding title to and leasing properties, Arc Properties Inc ensures that essential services and programs aimed at improving the lives of individuals with developmental disabilities are accessible. This support contributes to the overall enhancement of community resources, fostering an environment where individuals can thrive and engage meaningfully in society. Through its dedicated focus on real property management, Arc Properties Inc amplifies the impact of initiatives designed to promote a more inclusive and supportive community.
This information is meant to be a general summary of Arc 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 2023.
- Investment Income: $3,265
- Gross Receipts: $392,553
Assets and Liabilities:
- Total Assets: $5,975,896
- Total Liabilities: $3,654,525
- Net Assets: $2,321,371
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Organization Details
Founding Year
1986
Phone
(301) 663-0909Principal Officer
Kathy Laky
Main Address
620-A RESEARCH COURT, FREDERICK, MD, 21703
NTEE Category
Code: S47 - Community improvement
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