Overview
What is Rain Properties Inc?
Rain Properties Inc is a title holding company, headquartered at 811 Morris Park Avenue, Bronx, New York. Established with the primary purpose of managing real and personal property, this nonprofit organization plays a crucial role by providing rental space for its parent organization, Regional Aid for Interim Needs, Inc. The company's mission revolves around acting and serving as a title holding corporation, ensuring the secure and effective management of its property holdings.
Is Rain Properties Inc legitimate?
Rain Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Rain 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
For more financial information, click here
What is the mission statement of Rain Properties Inc?
Rain Properties Inc, functioning as a title holding corporation, is responsible for managing and holding title to both real and personal property. Its primary role is to provide rental space to its parent organization, Regional Aid for Interim Needs, Inc. In essence, Rain Properties Inc acts as a property manager, ensuring the efficient use and maintenance of its properties.
Who is the CEO of Rain Properties Inc?
Dr Anderson Torres is the CEO of Rain Properties Inc The CEO's salary of Rain Properties Inc is $0 and their total compensation is $428,032.
What is the revenue of Rain Properties Inc?
Rain Properties Inc's revenue in 2023 was $316,315.
Who are the executives of Rain Properties Inc and what are their salaries?
There 4 volunteers at Rain Properties Inc.
Here are 5 key members and their salaries (Rain Properties Inc's CEO's salary is $0 and their total compensation is $428,032):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $406,921
- Other: $21,111
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $214,073
- Other: $14,074
Where can I find the form 990 for Rain Properties Inc?
Rain Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rain Properties Inc
Rain Properties Inc, serving as a title holding corporation, is tasked with managing and holding title to both real and personal property. Its primary role is to provide rental space to its parent organization, Regional Aid for Interim Needs, Inc. This mission allows Rain Properties Inc to contribute to the overall operations of its parent organization, thus playing a crucial role in its functioning. The corporation's activities revolve around ensuring the proper management and utilization of real and personal property, thereby serving as a vital support system for its parent organization.
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Impact
October, 2024
Rain Properties Inc plays a pivotal role in community improvement by serving as a title holding corporation that manages real and personal property. By providing rental space to its parent organization, Regional Aid for Interim Needs, Inc., Rain Properties Inc facilitates essential services that benefit the community in the Bronx, NY. This arrangement allows the parent organization to focus on its mission while ensuring that the operational aspects of property management are handled effectively. The impact of Rain Properties Inc extends beyond mere property management; it supports the broader goal of enhancing the well-being of individuals and families in need within the community, contributing to social stability and economic growth.
This information is meant to be a general summary of Rain 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 2023.
- Investment Income: $3,993
- Program Service Revenue: $312,322
- Gross Receipts: $316,315
Assets and Liabilities:
- Total Assets: $3,088,596
- Total Liabilities: $622,105
- Net Assets: $2,466,491
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$312,322
Organization Details
Founding Year
2001
Principal Officer
Dr Anderson Torres
NTEE Category
Code: S47 - Community improvement
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