Overview
What is Wayne Densch Development Corporation?
Wayne Densch Development Corporation serves as a title holding company, primarily focused on real property. Its primary objective is to generate net income, which is then distributed to Wayne Densch Charitable Trust, a 501(c)(3) nonprofit organization. This corporation operates in Orlando, Florida, specifically at 1603 Marks Street. Although its primary function is real estate, it plays a crucial role in channeling its profits towards the charitable trust, contributing to its mission and objectives.
Is Wayne Densch Development Corporation legitimate?
Wayne Densch Development Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Wayne Densch 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: $0
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What is the mission statement of Wayne Densch Development Corporation?
The Wayne Densch Development Corporation's primary mission is to distribute all its income to a related 501(c)(3) organization, specifically the Wayne Densch Charitable Trust. This distribution of earnings is a crucial part of its operations. The aim is to contribute financially to the charitable trust, which is dedicated to various philanthropic causes. The corporation's activities primarily revolve around real estate, with the net income generated from these properties being forwarded to the charitable trust. This financial support serves to further the charitable organization's objectives and initiatives.
Who is the CEO of Wayne Densch Development Corporation?
Leonard E Williams Jr is the President of Wayne Densch Development Corporation.
What is the revenue of Wayne Densch Development Corporation?
Wayne Densch Development Corporation's revenue in 2022 was $39,719.
Who are the executives of Wayne Densch Development Corporation 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 Wayne Densch Development Corporation?
Wayne Densch Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wayne Densch Development Corporation
Wayne Densch Development Corporation, as a title holding company, is primarily focused on managing real property. The primary objective of this organization is to distribute all the income generated from this real estate activity. This income is then channeled towards Wayne Densch Charitable Trust, a section 501(c)(3) organization. This charitable trust is the ultimate recipient of the net income derived from the corporation's real estate ventures. By performing this function, Wayne Densch Development Corporation plays a crucial role in supporting the charitable activities and initiatives undertaken by the Wayne Densch Charitable Trust.
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Impact
October, 2024
Wayne Densch Development Corporation plays a significant role in supporting community improvement efforts in Orlando, Florida. As a title holding company for real property, it generates net income that is subsequently directed to the Wayne Densch Charitable Trust. This trust, a recognized 501(c)(3) organization, utilizes these funds to further its charitable mission.
By channeling income from real estate into the Charitable Trust, the Corporation enables a variety of community-oriented programs and initiatives. This impact includes funding for local projects that enhance the quality of life, support underserved populations, and contribute to the overall growth and development of the Orlando area. In essence, Wayne Densch Development Corporation serves as a vital link between real estate assets and community enhancement, facilitating positive change through its financial contributions.
This information is meant to be a general summary of Wayne Densch 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: $478
- Program Service Revenue: $19,800
- Gross Receipts: $143,902
Assets and Liabilities:
- Total Assets: $1,470,150
- Total Liabilities: $26,213
- Net Assets: $1,443,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM MGMT FEES
Revenue
$19,800
Organization Details
Founding Year
1984
Phone
(407) 896-6911Principal Officer
Leonard E Williams Jr
Main Address
1603 MARKS STREET, ORLANDO, FL, 32803
NTEE Category
Code: S47 - Community improvement
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