Overview
What is Magh Properties Inc?
Magh Properties Inc is a corporation established with the sole purpose of serving as a title holder for property utilized by a 501(c)(3) nonprofit organization. Situated in Charlotte, North Carolina, specifically at 2211-A Executive Street, this corporation plays a crucial role in facilitating the use of properties for these charitable entities. By holding the title, Magh Properties Inc ensures that the properties are utilized effectively and efficiently for the intended nonprofit purposes, contributing to the broader mission of the 501(c)(3) organizations they serve.
Is Magh Properties Inc legitimate?
Magh Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Magh 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 Magh Properties Inc?
Magh Properties Inc is established with the sole purpose of owning and managing property for 501(C)(3) organizations. Its role is to facilitate the use of these properties for the benefit of these non-profit organizations. While the information provided does not contain a specific mission statement, it can be inferred that Magh Properties Inc's mission is to support the operations and activities of these 501(C)(3) organizations by providing them with appropriate property facilities. This role is crucial in enabling these non-profit organizations to carry out their missions effectively.
Who is the CEO of Magh Properties Inc?
Kevin M Rose is the Director of Magh Properties Inc.
What is the revenue of Magh Properties Inc?
Magh Properties Inc's revenue in 2022 was $1.
Who are the executives of Magh Properties Inc and what are their salaries?
There 6 volunteers at Magh Properties Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Magh Properties Inc?
Magh Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magh Properties Inc
Magh Properties Inc, as stated in its description, is a corporation with a specific purpose: to hold title to property utilized by 501(c)(3) organizations. In simpler terms, this corporation serves as a legal entity that owns property used by charitable organizations. It is not involved in the day-to-day operations or missions of these charities, but rather provides them with a secure place to carry out their work. This role is crucial in ensuring that these non-profit organizations have a stable base to operate from, allowing them to focus on their primary missions without the concern of property management.
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Impact
October, 2024
Magh Properties Inc plays a crucial role in the community by providing essential support to organizations that operate under the 501(c)(3) designation. By holding title to properties utilized for charitable purposes, Magh Properties Inc facilitates the operations of these nonprofits, allowing them to focus on their missions without the burden of property ownership challenges.
This corporation directly contributes to community improvement by ensuring that vital resources, spaces, and facilities are available for social services, educational programs, and other charitable activities. By maintaining and managing properties specifically for charitable use, Magh Properties Inc enhances the ability of nonprofit organizations to serve the community effectively, impacting the lives of individuals and families in the Charlotte area and beyond.
This information is meant to be a general summary of Magh 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 2022.
- Investment Income: $1
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $404,388
- Total Liabilities: $472,622
- Net Assets: -$68,234
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Organization Details
Founding Year
1991
Phone
(704) 392-9220Principal Officer
Kevin M Rose
Main Address
2211-A EXECUTIVE STREET, CHARLOTTE, NC, 28208
NTEE Category
Code: S47 - Community improvement
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