Overview
What is 6023 South Garfield Avenue Inc?
6023 South Garfield Avenue Inc is a nonprofit organization located in the City of Commerce, California, specifically at 6023 South Garfield Avenue. Their primary role is that of a title holding corporation, serving as a custodian for real estate properties primarily for investment purposes. This organization does not directly engage in providing services or support to individuals or communities, but rather manages and secures title deeds for real estate holdings.
Is 6023 South Garfield Avenue Inc legitimate?
6023 South Garfield Avenue Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 6023 South Garfield Avenue 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.
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What is the mission statement of 6023 South Garfield Avenue Inc?
6023 South Garfield Avenue Inc serves as a title holding corporation for real estate investments. Its primary mission is to manage and hold real estate assets for investment purposes. This corporation does not have a traditional mission statement focusing on social or humanitarian causes, but rather, it is dedicated to generating returns through real estate investments. The company's activities revolve around acquiring, maintaining, and potentially selling or leasing these properties to maximize its investment returns.
Who is the CEO of 6023 South Garfield Avenue Inc?
David Nott is the Secretary of 6023 South Garfield Avenue Inc.
What is the revenue of 6023 South Garfield Avenue Inc?
6023 South Garfield Avenue Inc's revenue in 2022 was -$24,865.
Who are the executives of 6023 South Garfield Avenue Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for 6023 South Garfield Avenue Inc?
6023 South Garfield Avenue Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 6023 South Garfield Avenue Inc
6023 South Garfield Avenue Inc, as per its mission statement, serves as a title holding corporation for real estate primarily intended for investment purposes. This organization's role is centered around managing and holding real estate properties with the primary objective of generating financial returns through investment opportunities. The corporation does not disclose any information about the specific nature or location of these real estate holdings, focusing solely on its mission as a title holding entity for investment purposes.
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Impact
October, 2024
6023 South Garfield Avenue Inc plays a significant role in community improvement through its strategic management of real estate held for investment. By acting as a title holding corporation, it enhances the economic landscape in the City of Commerce, California. The organization's activities contribute to local development, potentially uplift property values, and create opportunities for investment in the area. This impact supports broader community goals, fostering a healthier economic environment and paving the way for future growth and stability.
This information is meant to be a general summary of 6023 South Garfield Avenue 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.
- Gross Receipts: $2,015,425
Assets and Liabilities:
- Total Assets: $22,099,981
- Total Liabilities: $19,798,555
- Net Assets: $2,301,426
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Organization Details
Founding Year
2002
Phone
(323) 221-5881Principal Officer
David Nott
Main Address
6023 s garfield ave, city of commerce, CA, 90040
NTEE Category
Code: S47 - Community improvement
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