Overview
What is Fifth District Volunteer Title Holding Company Inc?
Fifth District Volunteer Title Holding Company Inc is a nonprofit organization based in Clarksville, Maryland. Their primary mission involves holding a leasehold interest in real property, generating income from it, and subsequently remitting the total earnings, minus expenses, to its parent corporation. This property is leased out to the Fifth District Volunteer Fire Department, Inc. The company's activities contribute financially to support the operations of the fire department.
Is Fifth District Volunteer Title Holding Company Inc legitimate?
Fifth District Volunteer Title Holding Company Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Fifth District Volunteer Title Holding Company 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.
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What is the mission statement of Fifth District Volunteer Title Holding Company Inc?
The Fifth District Volunteer Title Holding Company Inc's primary role is to manage a leasehold interest in real property. This company collects income from this property and subsequently remits the entire amount, after deducting expenses, to its parent corporation. Essentially, the company serves as a financial intermediary, supporting the Fifth District Volunteer Fire Department Inc by managing its property-related income. This arrangement allows the fire department to focus on its primary mission of providing volunteer fire services, while the company manages the financial aspects associated with the property.
What is the revenue of Fifth District Volunteer Title Holding Company Inc?
Fifth District Volunteer Title Holding Company Inc's revenue in 2023 was $28,554.
Who are the executives of Fifth District Volunteer Title Holding Company Inc and what are their salaries?
There 10 volunteers at Fifth District Volunteer Title Holding Company Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Fifth District Volunteer Title Holding Company Inc?
Fifth District Volunteer Title Holding Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fifth District Volunteer Title Holding Company Inc
Fifth District Volunteer Title Holding Company Inc, in its mission, holds a leasehold interest in real property. This property serves as a base for the Fifth District Volunteer Fire Department, Inc. The company collects income generated from this property and subsequently remits the entire amount, deducting only necessary expenses, to its parent corporation. In essence, the company's role is to manage this property and its associated income, ensuring its profitability and efficient distribution to its parent organization.
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Impact
October, 2024
Fifth District Volunteer Title Holding Company Inc plays a crucial role in supporting the Fifth District Volunteer Fire Department in Clarksville, MD. By holding a leasehold interest in real property, the organization generates income that is essential for the financial sustainability of the fire department. This income stream helps cover expenses while ensuring that the majority of the funds collected are remitted to the parent corporation, thereby reinforcing the fire department's capacity to deliver reliable emergency services to the community. Its operations facilitate the ongoing support and operational readiness of the volunteer fire services, which are vital for the safety and well-being of local residents.
This information is meant to be a general summary of Fifth District Volunteer Title Holding Company 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: $140
- Gross Receipts: $55,568
Assets and Liabilities:
- Total Assets: $33,541
- Total Liabilities: $135,536
- Net Assets: -$101,995
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Organization Details
Founding Year
1998
Principal Officer
Jon Leary
NTEE Category
Code: Z99 - Unknown
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