Overview
What is Cfrs Realty Holding Corp?
CFRS Realty Holding Corp is a nonprofit organization, specifically a corporation, situated in Fresno, California. Established with the purpose of serving the City of Fresno Retirement Systems, a group of qualified pension plans, its primary function is to manage and collect rents for rental properties owned by these pension plans. This corporation holds the title to these properties, acting as a facilitator to ensure the effective management and maintenance of the real estate assets.
Is Cfrs Realty Holding Corp legitimate?
Cfrs Realty Holding Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Cfrs Realty Holding Corp 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.
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What is the mission statement of Cfrs Realty Holding Corp?
CFRS Realty Holding Corp, as a non-profit corporation, was established with the primary objective of acquiring rental properties. The corporation serves as a trustee, holding title to these properties on behalf of the City of Fresno Retirement Systems, which are qualified pension plans. The primary function of CFRS Realty Holding Corp is to collect and manage rents from these properties, providing a source of income for the retirement systems. By doing so, the corporation contributes to the financial stability and well-being of the City of Fresno's retirees.
Who is the CEO of Cfrs Realty Holding Corp?
Jonathan Lusk is the Director of Cfrs Realty Holding Corp.
What is the revenue of Cfrs Realty Holding Corp?
Cfrs Realty Holding Corp's revenue in 2023 was $933,977.
Who are the executives of Cfrs Realty Holding Corp and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Cfrs Realty Holding Corp?
Cfrs Realty Holding Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cfrs Realty Holding Corp
Cfrs Realty Holding Corp, as a non-profit corporation, was established with a specific purpose. Its mission is to serve as the custodian of rental properties on behalf of the City of Fresno Retirement Systems, which are qualified pension plans. In essence, the corporation's role is to hold the title to these properties. This mission is crucial in ensuring a steady income source for the pension plans, derived from the rental income generated from these properties. By managing these rentals, Cfrs Realty Holding Corp contributes to the financial security of the City of Fresno's retirement systems, thereby playing a significant role in the long-term well-being of the city's employees.
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Impact
October, 2024
Cfrs Realty Holding Corp plays a significant role in managing rental properties specifically for the City of Fresno Retirement Systems. By acquiring and overseeing these properties, the organization ensures a stable source of income through rent collection, directly benefiting the pension plans of the city’s employees. This not only supports the financial health of retirement funds but also contributes to community improvement by maintaining rental properties within the area. The strategic management of these properties helps enhance the overall economic landscape of Fresno, facilitating better living conditions and opportunities for city residents. Moreover, the organization’s focus on proper stewardship of assets ensures that the city’s retirement systems remain robust and sustainable for the future.
This information is meant to be a general summary of Cfrs Realty Holding Corp. 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 2023.
- Gross Receipts: $933,977
Assets and Liabilities:
- Total Assets: $7,070,415
- Total Liabilities: $23,357
- Net Assets: $7,047,058
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Organization Details
Founding Year
2003
Phone
(559) 621-7080Principal Officer
Jonathan Lusk
Main Address
2828 Fresno Street Suite 201, Fresno, CA, 93721
NTEE Category
Code: S47 - Community improvement
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