Overview
What is Pasadena Gateway Villas Corporation?
Pasadena Gateway Villas Corporation is a title holding company based in Pasadena, California, specifically located at 100 Corson St, ZIP code 91103. The primary objective of this organization is to manage rental income from tenants and distribute expenses related to this income.
Is Pasadena Gateway Villas Corporation legitimate?
Pasadena Gateway Villas Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Pasadena Gateway Villas 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 Pasadena Gateway Villas Corporation?
This organization, Pasadena Gateway Villas Corporation, functions as a title holding company. Its primary mission is to generate rental income from tenants and manage the expenses related to this income. The corporation ensures the effective collection of rent and the responsible disbursement of expenses that directly pertain to the rental income. In essence, it serves to facilitate the smooth operation of rental properties under its management.
Who is the CEO of Pasadena Gateway Villas Corporation?
Michael B De Chellis is the Principal Officer of Pasadena Gateway Villas Corporation.
What is the revenue of Pasadena Gateway Villas Corporation?
Pasadena Gateway Villas Corporation's revenue in 2022 was $15,682,895.
Who are the executives of Pasadena Gateway Villas Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $5,314,118
- Other: $0
Where can I find the form 990 for Pasadena Gateway Villas Corporation?
Pasadena Gateway Villas Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pasadena Gateway Villas Corporation
Pasadena Gateway Villas Corporation, a title holding company, is dedicated to gathering rental income from tenants. This organization meticulously collects rent from its tenant base and ensures that all necessary expenses related to this income are duly disbursed. The primary objective of Pasadena Gateway Villas Corporation is to efficiently manage its rental properties, generating income while addressing the related expenses. By focusing on this mission, the corporation maintains a steady financial flow for its operations.
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Impact
October, 2024
Pasadena Gateway Villas Corporation plays a significant role in the fabric of the Pasadena community through its activities as a title holding company. By collecting rental income from tenants, the organization creates a steady stream of revenue that can be directed towards essential community improvements and operational expenses. This financial foundation supports the maintenance and enhancement of residential properties, contributing to the overall livability and aesthetic appeal of the area.
Furthermore, the responsible disbursement of expenses related to rental income ensures that the properties are well-managed, which can enhance local neighborhood stability and contribute to the economic health of Pasadena. Through its operations, Pasadena Gateway Villas Corporation helps to foster a sense of community and improve the living conditions for its tenants, thereby impacting the broader community positively.
This information is meant to be a general summary of Pasadena Gateway Villas 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.
- Gross Receipts: $26,106,996
Assets and Liabilities:
- Total Assets: $733,088,372
- Total Liabilities: $104,492,209
- Net Assets: $628,596,163
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Organization Details
Founding Year
2003
Phone
(626) 356-1000Principal Officer
Michael B De Chellis
Main Address
100 CORSON ST, PASADENA, CA, 91103
NTEE Category
Code: S47 - Community improvement
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