Overview
What is St Aloysius Holdings Corporation?
St. Aloysius Holdings Corporation is a nonprofit organization based in New Orleans, Louisiana. Its primary mission is to support the Brothers of the Sacred Heart of New Orleans Inc., a qualified 501(c)(3) organization, through holding title to real property and collecting income from these properties. The corporation's purpose is to generate funds for the Brothers' educational, religious, and charitable pursuits. It has the authority to perform activities incidental and necessary to achieve this objective, including owning, leasing, and disposing of real and personal property, holding and investing funds, and raising money through appropriate activities. St. Aloysius Holdings Corporation also accepts donations, provided they align with its exempt purpose, as decided by its board.
Is St Aloysius Holdings Corporation legitimate?
St Aloysius Holdings Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. St Aloysius Holdings 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
For more financial information, click here
What is the mission statement of St Aloysius Holdings Corporation?
St. Aloysius Holdings Corporation is established with the primary objective of holding title to real property and collecting income derived from these assets. The corporation operates under Section 501(c)(2) of the Internal Revenue Code, functioning exclusively for this purpose. The main goal is to accumulate income from the properties, subtracting expenses, and subsequently transfer the net amount to the Brothers of the Sacred Heart of New Orleans Inc., a qualified 501(c)(3) organization. This transfer of funds supports the educational, religious, and charitable pursuits of the Brothers of the Sacred Heart of New Orleans Inc. The corporation has the flexibility to perform actions that are incidental and necessary to achieve its exempt purposes, including owning, leasing, acquiring, and disposing of real and personal property, holding and investing funds, and raising money through appropriate activities, as well as accepting donations, provided they align with the corporation's exempt purposes, as determined by the board.
Who is the CEO of St Aloysius Holdings Corporation?
Greg Rando is the Treasurer & Director of St Aloysius Holdings Corporation.
What is the revenue of St Aloysius Holdings Corporation?
St Aloysius Holdings Corporation's revenue in 2022 was $207,122.
Who are the executives of St Aloysius Holdings Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $91,276
- Other: $11,464
Where can I find the form 990 for St Aloysius Holdings Corporation?
St Aloysius Holdings Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Aloysius Holdings Corporation
St. Aloysius Holdings Corporation is established with a specific mission in mind. Operating under the Internal Revenue Code section 501(c)(2), its primary purpose is to hold title to real property and collect income generated from these assets. The organization's main objective is to then transfer the entire income, after deducting expenses, to the Brothers of the Sacred Heart of New Orleans Inc., a qualified 501(c)(3) organization. This transfer of funds serves to support the educational, religious, and charitable pursuits of the Brothers of the Sacred Heart of New Orleans Inc.
In essence, St. Aloysius Holdings Corporation acts as a financial intermediary, ensuring that the Brothers of the Sacred Heart of New Orleans Inc. receive the necessary income to continue their noble work. By holding and managing real and personal property, investing funds, and raising money through appropriate activities, the corporation fulfills its role in supporting the broader mission of the Brothers of the Sacred Heart of New Orleans Inc. It is worth noting that St. Aloysius Holdings Corporation may also accept donations, as long as the board deems these contributions to be aligned with its exempt purposes. The organization's activities are not limited to these functions; it may perform any incidental and necessary actions to achieve its exempt objectives.
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Impact
October, 2024
St. Aloysius Holdings Corporation plays a significant role in supporting the educational, religious, and charitable initiatives of the Brothers of the Sacred Heart of New Orleans. By holding title to real property and generating income from these assets, the corporation ensures a steady flow of funds that directly aids the mission of its affiliated organization.
Located in New Orleans, Louisiana, St. Aloysius Holdings is strategically engaged in activities designed to enhance community well-being, mirroring its commitment to community improvement. The corporation's operations allow for ownership, leasing, and management of both real and personal property, thereby creating a sustainable financial base from which the Brothers can operate.
The income generated is systematically allocated, less any operational expenses, providing crucial support for programs aimed at bettering the community. This financial foundation empowers the Brothers of the Sacred Heart to focus on their educational and charitable goals without the burden of fundraising as their primary concern. Overall, St. Aloysius Holdings Corporation significantly contributes to enhancing the quality of education and community services in New Orleans, underscoring its impact in the area.
This information is meant to be a general summary of St Aloysius Holdings 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.
- Program Service Revenue: $207,122
- Gross Receipts: $207,122
Assets and Liabilities:
- Total Assets: $12,484,100
- Total Liabilities: $0
- Net Assets: $12,484,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$207,122
Organization Details
Founding Year
1920
Phone
(504) 283-1561Principal Officer
Greg Rando
Main Address
4401 ELYSIAN FIELDS AVENUE, NEW ORLEANS, LA, 701223811
NTEE Category
Code: S47 - Community improvement
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