Overview
What is Ducks On The Pond Realty Inc?
Ducks On The Pond Realty Inc is a nonprofit organization, specifically established for the purpose of acquiring and developing land to construct buildings that serve as places of worship and offices for various religious organizations and 501(c)3 exempt entities. In 2003, an affiliate organization purchased land, and in 2005, Ducks On The Pond Realty Inc took possession of it. They then designed and constructed a building on the land, which they later expanded with a second building in 2015. Additional development projects are currently underway, with all pre-construction expenses being included in the construction costs. Currently, these built properties are being rented out to religious affiliates and other non-profit organizations.
Is Ducks On The Pond Realty Inc legitimate?
Ducks On The Pond Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ducks On The Pond Realty 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:
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What is the mission statement of Ducks On The Pond Realty Inc?
Ducks On The Pond Realty Inc's primary purpose is to acquire land and construct buildings, serving as places of worship and offices for various 501(c)3 exempt entities, such as churches and charitable organizations. The company's mission involves providing suitable spaces for these organizations to carry out their religious and charitable activities. In 2005, the corporation took possession of land purchased earlier by an affiliated organization, constructing a building on the site. A second building was opened in 2015, with plans for more developments underway. All pre-construction expenses are considered part of the construction cost. Currently, the built structures are being rented out to religious organizations and other non-profit entities.
Who is the CEO of Ducks On The Pond Realty Inc?
Mark A Pearson is the President of Ducks On The Pond Realty Inc.
What is the revenue of Ducks On The Pond Realty Inc?
Ducks On The Pond Realty Inc's revenue in 2022 was $161,606.
Who are the executives of Ducks On The Pond Realty Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ducks On The Pond Realty Inc?
Ducks On The Pond Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ducks On The Pond Realty Inc
Ducks On The Pond Realty Inc is committed to its primary mission of acquiring and holding land, followed by constructing buildings. These structures are designed to serve as places of worship and offices for various 501(c)3 exempt entities, including churches. The organization's objective is to provide these entities with suitable spaces for their religious and community activities. In 2005, Ducks On The Pond Realty Inc took possession of land it had purchased in 2003, and began the construction of a building on this land. The corporation then continued this process, opening a second building in 2015, with further developments in the works. All expenses incurred prior to construction are capitalized as part of the cost to construct the buildings. The completed buildings are then rented out to religious affiliates and other non-profit organizations.
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Impact
October, 2024
Ducks On The Pond Realty Inc significantly contributes to the community by acquiring and developing land for essential purposes. Their primary focus is on providing spaces for worship and office functions for churches and various 501(c)(3) exempt entities. Since their inception, they have successfully designed and constructed buildings tailored to meet the needs of religious affiliates and nonprofit organizations.
In 2005, Ducks On The Pond Realty Inc took possession of land purchased by an affiliate in 2003, marking a pivotal step in their mission. They opened their first building shortly thereafter, with a second facility debuting in 2015. This ongoing development not only enhances the local landscape but also supports community engagement by offering vital spaces where organizations can flourish.
Through their efforts, Ducks On The Pond Realty Inc plays a crucial role in ensuring that community organizations have the infrastructure necessary to serve their missions, thereby fostering a stronger, more interconnected community.
This information is meant to be a general summary of Ducks On The Pond Realty 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: $270
- Program Service Revenue: $4,500
- Gross Receipts: $210,672
Assets and Liabilities:
- Total Assets: $1,588,931
- Total Liabilities: $232,996
- Net Assets: $1,355,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$4,500
Organization Details
Founding Year
2004
Principal Officer
Mark A Pearson
Main Address
80 ROUTE 125, Kingston, NH, 03848
NTEE Category
Code: X19 - Religion related
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