Overview
What is Harvey W Peters (Virginia) Holding Corporation?
Harvey W Peters (Virginia) Holding Corporation is a nonprofit entity primarily involved in managing property and generating income. This income, after deducting expenses, is then channeled towards the Harvey W. Peters Research Foundation, its sole beneficiary. The corporation's role primarily revolves around real estate management, with the aim of supporting its affiliated research foundation.
Is Harvey W Peters (Virginia) Holding Corporation legitimate?
Harvey W Peters (Virginia) Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Harvey W Peters (Virginia) Holding 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: $0
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What is the mission statement of Harvey W Peters (Virginia) Holding Corporation?
The Harvey W Peters (Virginia) Holding Corporation's primary role is to manage property, generating income from it. This income is then distributed to its sole member, after deducting expenses, with the entirety of the net income being transferred. This entity functions as a financial vehicle, channeling income to its sole member, the Harvey W. Peters Research Foundation.
Who is the CEO of Harvey W Peters (Virginia) Holding Corporation?
John G Rocovich Jr is the Director, Pres.,Sec., Trea of Harvey W Peters (Virginia) Holding Corporation.
What is the revenue of Harvey W Peters (Virginia) Holding Corporation?
Harvey W Peters (Virginia) Holding Corporation's revenue in 2023 was $1,190,539.
Who are the executives of Harvey W Peters (Virginia) Holding Corporation and what are their salaries?
There 5 volunteers at Harvey W Peters (Virginia) Holding Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Harvey W Peters (Virginia) Holding Corporation?
Harvey W Peters (Virginia) Holding Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Harvey W Peters (Virginia) Holding Corporation
Harvey W. Peters (Virginia) Holding Corporation's primary mission involves holding property titles and overseeing the income generated from these properties. This corporation meticulously collects these earnings and subsequently transfers the entire amount, after deducting expenses, to its sole member, the Harvey W. Peters Research Foundation. In essence, the corporation serves as a financial intermediary, managing property investments and funneling the profits to its affiliated research foundation.
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Impact
October, 2024
Harvey W Peters (Virginia) Holding Corporation plays a significant role in the management and utilization of assets, specifically by holding title to property and collecting income generated from these holdings. This income is then directed entirely, after expenses, to the Harvey W. Peters Research Foundation. This structure enables a streamlined financial support system for the foundation, allowing it to focus on its research missions and initiatives.
By effectively managing property assets, the corporation contributes to community improvement through the economic benefits derived from these properties. The financial resources allocated to the Harvey W. Peters Research Foundation can enhance its research capabilities, support community-focused projects, and address local needs. Overall, the corporation serves as a crucial financial vehicle, facilitating greater impact within the community via the research initiatives of its sole member.
This information is meant to be a general summary of Harvey W Peters (Virginia) Holding 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 2023.
- Investment Income: $3,050
- Gross Receipts: $1,377,852
Assets and Liabilities:
- Total Assets: $19,071,910
- Total Liabilities: $17,686,173
- Net Assets: $1,385,737
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Organization Details
Founding Year
2001
Phone
(540) 774-8800Principal Officer
John G Rocovich Jr
Main Address
4415 ELECTRIC ROAD, ROANOKE, VA, 24018
NTEE Category
Code: S47 - Community improvement
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