Overview
What is Foundation Realty?
Foundation Realty, based in Norfolk, Virginia, serves as a nonprofit organization that specializes in accepting and converting real property contributions into other investment assets. This conversion is done to support the charitable purposes of the organization it is associated with. By facilitating this process, Foundation Realty aims to contribute to the betterment of the supported organization's charitable endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Foundation Realty has received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is significant as it underscores the organization’s commitment to transparency and effective financial management, which is essential for donor trust and confidence. The charity's overall score is solely based on a high accountability and finance score, which suggests a focused approach to its operational integrity.
The organization excels in several key areas, including having a majority of independent board members and a robust audit and oversight committee. Foundation Realty has maintained a perfect score in various measures such as the absence of material diversion of assets, and it has implemented essential policies like conflict of interest, whistleblower, and document retention. Additionally, the program expense ratio is exceptionally high at 99.59%, indicating that nearly all funds are directed towards its programs, maximizing the impact of donations.
While the data reflects a strong financial foundation and governance structure, there might be limited insights into the organization’s programmatic effectiveness or community impact. However, the clarity in its financial practices and commitment to accountability positions Foundation Realty as a trustworthy choice for potential donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Realty legitimate?
Foundation Realty is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Realty 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 Foundation Realty?
Foundation Realty's primary mission is to facilitate the conversion of real property donations into other investment assets, all in support of a charitable organization's noble cause. By doing so, they aim to contribute to the organization's charitable purposes in a unique and substantial way. This organization's work is centered around accepting and transforming real estate contributions, thereby expanding the organization's resources for their beneficial endeavors.
Who is the CEO of Foundation Realty?
Richard Matthews is the Director & Vice Chair of Foundation Realty. The CEO's salary of Foundation Realty is $0 and their total compensation is $383,648.
What is the revenue of Foundation Realty?
Foundation Realty's revenue in 2022 was $762,437.
Who are the executives of Foundation Realty and what are their salaries?
Here are 19 key members and their salaries (Foundation Realty's CEO's salary is $0 and their total compensation is $383,648):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $364,645
- Other: $19,003
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $184,625
- Other: $11,984
- Compensation: $0
- Related: $147,400
- Other: $9,468
- Compensation: $0
- Related: $199,371
- Other: $12,641
- Compensation: $0
- Related: $146,500
- Other: $18,098
Where can I find the form 990 for Foundation Realty?
Foundation Realty's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation Realty
Foundation Realty, a charitable organization, is dedicated to transforming donated real estate into other investment assets. Their primary goal is to support the philanthropic objectives of the organization they serve, using real estate contributions as a means to generate funds for their charitable endeavors. By converting these properties into other investment assets, Foundation Realty contributes to the financial well-being of the supported organization, thereby enabling it to carry out its mission more effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Foundation Realty's impact lies in its unique approach to accepting and converting contributions of real property into other investment assets for the benefit of supported organizations with charitable purposes. By specializing in this conversion process, Foundation Realty plays a crucial role in facilitating the growth and sustainability of charitable organizations, particularly in the realm of mental health support. Through its innovative model, Foundation Realty is able to maximize the potential of real property donations, ultimately amplifying the positive impact of these assets on the supported organizations and the communities they serve.
This information is meant to be a general summary of Foundation Realty. 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: $762,437
- Gross Receipts: $762,437
Assets and Liabilities:
- Total Assets: $1,862,370
- Total Liabilities: $0
- Net Assets: $1,862,370
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(757) 622-7951Principal Officer
Richard Matthews
Main Address
101 W MAIN STREET 4500, NORFOLK, VA, 23510
NTEE Category
Code: F11 - Mental health
If you are a representative of Foundation Realty and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.