Overview
What is Harbor Properties?
Harbor Properties is a nonprofit organization situated in Galveston, Texas. Its primary role is to manage and oversee properties, gathering income derived from these assets. The organization then forwards the entire income sum, minus operational expenses, to the Sealy & Smith Foundation. Douglas G Rogers serves as its manager. Harbor Properties' mission is centered around property management and financial allocation, thereby directly contributing to the Sealy & Smith Foundation's objectives.
Is Harbor Properties legitimate?
Harbor Properties is a legitimate nonprofit organization registered as a 501(c)(2) entity. Harbor Properties 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 Harbor Properties?
Harbor Properties' primary mission is to manage and generate income from property holdings. This income, after deducting expenses, is then transferred in its entirety to the Sealy & Smith Foundation. The organization's role essentially acts as a financial intermediary, channeling funds from property income to the foundation.
Who is the CEO of Harbor Properties?
Douglas G Rogers is the President/Director of Harbor Properties.
What is the revenue of Harbor Properties?
Harbor Properties's revenue in 2022 was $515,172.
Who are the executives of Harbor Properties and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $54,000
- Other: $0
- Compensation: $0
- Related: $22,500
- Other: $0
- Compensation: $0
- Related: $4,500
- Other: $0
- Compensation: $0
- Related: $54,000
- Other: $0
- Compensation: $0
- Related: $54,000
- Other: $0
- Compensation: $0
- Related: $54,000
- Other: $0
- Compensation: $0
- Related: $54,000
- Other: $0
- Compensation: $0
- Related: $347,012
- Other: $53,087
- Compensation: $0
- Related: $162,026
- Other: $30,044
- Compensation: $0
- Related: $111,768
- Other: $18,863
Where can I find the form 990 for Harbor Properties?
Harbor Properties's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Harbor Properties
Harbor Properties, as a nonprofit entity, is dedicated to holding title to various properties and generating income from them. This income is then meticulously managed, with all earnings, minus any operational expenses, being directly transferred to the Sealy & Smith Foundation. By fulfilling this role, Harbor Properties plays a crucial part in supporting the charitable initiatives of the Sealy & Smith Foundation. The organization's mission is to act as a steward of property assets, generating income, and subsequently channeling the proceeds to the Sealy & Smith Foundation, thus contributing to their philanthropic endeavors.
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Impact
October, 2024
Harbor Properties plays a crucial role in supporting community improvement efforts by managing property assets in Galveston, TX. By holding the title to various properties and collecting the income generated from them, Harbor Properties effectively ensures a steady stream of funding that is directed to the Sealy & Smith Foundation. This structured financial management allows for the strategic allocation of resources to initiatives that benefit the community, enhancing local services and infrastructure.
The leadership of Douglas G Rogers contributes to the organization's impact by overseeing its operations and ensuring that financial returns are maximized for the benefit of the community. In this way, Harbor Properties not only contributes to the economic stability of the region but also reinforces the broader mission of supporting projects that elevate the quality of life for Galveston's residents. Through its activities, Harbor Properties fosters an environment for growth and improvement that resonates throughout the community.
This information is meant to be a general summary of Harbor Properties. 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: $12,270
- Gross Receipts: $1,192,823
Assets and Liabilities:
- Total Assets: $15,312,354
- Total Liabilities: $6,193,129
- Net Assets: $9,119,225
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Organization Details
Founding Year
1993
Phone
(409) 762-8666Principal Officer
Douglas G Rogers
Main Address
2200 MARKET STREET SUITE 500, GALVESTON, TX, 77550
NTEE Category
Code: S47 - Community improvement
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