Overview
What is Poco Realty Development Corporation?
Poco Realty Development Corporation is a small-scale nonprofit organization located in Middleburg, Virginia. Their primary focus is on acquiring, maintaining ownership of, and generating income from real estate properties. This income is then used to cover associated expenses, with the remaining funds being distributed to the corporation's sole shareholder. While their mission is primarily financial, they operate as a real estate entity, holding title to properties and collecting income from them. The organization is relatively simple in structure, with only one employee on board.
Is Poco Realty Development Corporation legitimate?
Poco Realty Development Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Poco Realty Development Corporation 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: $125,100
For more financial information, click here
What is the mission statement of Poco Realty Development Corporation?
Poco Realty Development Corporation's primary mission involves the acquisition, holding title to, and collecting income from real property. The corporation then remits this income to its shareholder, after deducting associated expenses. In simpler terms, the corporation aims to generate income from its real estate investments and distribute the net profits to its sole shareholder. This business strategy allows Poco Realty Development Corporation to operate and potentially grow its real estate portfolio.
Who is the CEO of Poco Realty Development Corporation?
Guy O Dove Iii is the President of Poco Realty Development Corporation.
What is the revenue of Poco Realty Development Corporation?
Poco Realty Development Corporation's revenue in 2022 was $2,444.
Who are the executives of Poco Realty Development Corporation and what are their salaries?
The average compensation at Poco Realty Development Corporation during 2022 was $125,100. There is 1 employee at Poco Realty Development Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $125,100
- Related: $0
- Other: $0
Where can I find the form 990 for Poco Realty Development Corporation?
Poco Realty Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Poco Realty Development Corporation
Poco Realty Development Corporation, as a corporation, focuses on acquiring, holding title to, and collecting income from real property. This income generation process involves managing and maintaining the real estate owned by the corporation. The corporation then pays associated expenses and remits the remaining funds to its sole shareholder. In simpler terms, Poco Realty Development Corporation's mission revolves around investing in real estate, generating income, covering expenses, and distributing the net proceeds to its primary owner. While this corporation's activities primarily revolve around real estate, it does not involve any charitable or community-focused work, unlike the examples provided earlier.
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Impact
October, 2024
Poco Realty Development Corporation plays a significant role in the community by acquiring and managing real estate to generate income. By holding title to various properties, the corporation not only contributes to the local economy through property management and upkeep but also allocates resources efficiently by collecting revenue and remitting it to its sole shareholder after covering associated expenses. This financial distribution can potentially support further community improvement initiatives or investments. The activities of Poco Realty, centered in Middleburg, VA, foster local development and stability in the housing and real estate markets, enriching the community and enhancing property values over time. Overall, the corporation's operations exemplify a commitment to maintaining and growing real estate assets, contributing positively to the urban landscape.
This information is meant to be a general summary of Poco Realty Development Corporation. 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: $2,444
- Gross Receipts: $2,444
Assets and Liabilities:
- Total Assets: $454,632
- Total Liabilities: $0
- Net Assets: $454,632
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Organization Details
Founding Year
1998
Phone
(540) 687-6351Principal Officer
Guy O Dove Iii
Main Address
PO BOX 796, MIDDLEBURG, VA, 201180796
NTEE Category
Code: S47 - Community improvement
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