Overview
What is National Realty Development Corp?
National Realty Development Corp is a corporation situated in Easton, Maryland, primarily serving the first Oxford Corporation's employees' profit-sharing plan. Its primary objective is to manage and hold real estate properties. By collecting rents and decreasing mortgage debt, the corporation effectively increases shareholder equity, benefiting its associated profit-sharing plan. In essence, National Realty Development Corp plays a crucial role in real estate management, contributing to the financial well-being of its associated employee benefit plan.
Is National Realty Development Corp legitimate?
National Realty Development Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. National Realty Development Corp 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 National Realty Development Corp?
National Realty Development Corp serves the purpose of managing real estate properties as part of a profit-sharing plan for employees of the first Oxford Corporation. The corporation's primary objective is to collect rents and reduce mortgage debts, thereby boosting shareholder equity. This mission allows the employees to benefit financially from the real estate investments made by the corporation. While the specific location of National Realty Development Corp is mentioned in the provided data, it is not relevant to the mission statement and will not be included in the summary.
Who is the CEO of National Realty Development Corp?
Thomas F Kyhos is the Board Member of National Realty Development Corp.
What is the revenue of National Realty Development Corp?
National Realty Development Corp's revenue in 2022 was $1,279,952.
Who are the executives of National Realty Development Corp and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for National Realty Development Corp?
National Realty Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Realty Development Corp
National Realty Development Corporation, as a mission-driven organization, is dedicated to managing real estate property for the benefit of the first Oxford Corporation employees' profit-sharing plan. The primary objective of this corporation is to collect rents and diligently work towards reducing mortgage debt. By successfully achieving these goals, National Realty Development Corporation is able to increase shareholder equity, thereby providing financial returns to the individuals associated with the Oxford Corporation. The corporation's mission is centered around leveraging its real estate expertise to generate profits for its shareholders, thereby contributing to their financial well-being.
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Impact
October, 2024
National Realty Development Corp plays a significant role in managing real property to enhance the financial well-being of its stakeholders, particularly the employees of the first Oxford Corporation. By holding and managing real estate, the organization ensures a steady flow of rental income, which is vital for both fulfilling profit-sharing obligations and enhancing shareholder equity. This focus on collecting rents and reducing mortgage debt contributes to the overall financial health of the employees' profit-sharing plan. Located in Easton, MD, National Realty Development Corp actively supports community improvement by strengthening economic foundations through its real estate activities. Through its strategic management of properties, it not only benefits its direct stakeholders but also fosters resilience in the local economy.
This information is meant to be a general summary of National Realty Development Corp. 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.
- Investment Income: $1,095
- Program Service Revenue: $1,278,857
- Gross Receipts: $1,279,952
Assets and Liabilities:
- Total Assets: $5,191,436
- Total Liabilities: $117,433
- Net Assets: $5,074,003
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,278,857
Organization Details
Founding Year
1998
Phone
(410) 822-3372Principal Officer
Thomas F Kyhos
Main Address
301 EAST DOVER STREET PO BOX 825, EASTON, MD, 216010825
NTEE Category
Code: S47 - Community improvement
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