Overview
What is Herzstein Investments Inc?
Herzstein Investments Inc, located in Houston, Texas, is a corporation that manages real estate properties. Its primary function is to collect income generated from these properties and then forward the net income (after deducting expenses) to a related 501(c)(3) nonprofit organization. This corporation, overseen by Justina Renee Masaryk, plays a crucial role in financially supporting the associated charitable organization.
Official website here: www.herzsteininvestments.com
Is Herzstein Investments Inc legitimate?
Herzstein Investments Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Herzstein Investments 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $209,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $476,250
For more financial information, click here
Official website here: www.herzsteininvestments.com
What is the mission statement of Herzstein Investments Inc?
Herzstein Investments Inc., as a corporation, holds the title to real estate properties and collects income generated from these properties. The company then distributes this income, after deducting expenses, to an affiliated 501(c)(3) non-profit organization. The mission of Herzstein Investments Inc., in essence, is to support charitable causes through the management of its real estate assets and income distribution. This partnership allows the affiliated organization to utilize the funds for its intended charitable purposes.
Official website here: www.herzsteininvestments.com
Who is the CEO of Herzstein Investments Inc?
Justina Renee Masaryk is the President of Herzstein Investments Inc.
Official website here: www.herzsteininvestments.com
What is the revenue of Herzstein Investments Inc?
Herzstein Investments Inc's revenue in 2022 was $3,562,990.
Official website here: www.herzsteininvestments.com
Who are the executives of Herzstein Investments Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $175,000
- Related: $161,000
- Other: $47,430
- Compensation: $10,000
- Related: $25,000
- Other: $0
- Compensation: $258,333
- Related: $0
- Other: $38,750
- Compensation: $41,563
- Related: $124,688
- Other: $24,937
- Compensation: $108,000
- Related: $0
- Other: $16,200
- Compensation: $67,625
- Related: $67,625
- Other: $20,288
Official website here: www.herzsteininvestments.com
Where can I find the form 990 for Herzstein Investments Inc?
Herzstein Investments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.herzsteininvestments.com
Learn more at the official website: www.herzsteininvestments.com
Mission Statement of Herzstein Investments Inc
Herzstein Investments Inc, as a corporation, holds the title to real property and collects income generated from this property. Notably, the corporation does not retain this income for its own purposes. Instead, it channels all the income, after deducting expenses, to an affiliated 501(c)(3) organization. This philanthropic approach allows the affiliated nonprofit organization to utilize the income for its charitable activities, thereby contributing to societal well-being. By playing this role, Herzstein Investments Inc effectively acts as a financial bridge, enabling the affiliated nonprofit organization to focus more on its mission without being overly concerned with income generation from property holdings.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Herzstein Investments Inc plays a significant role in supporting community improvement through its financial activities. By holding real property and collecting income from these assets, the corporation generates resources that are redirected to an affiliated 501(c)(3) organization. This structure allows for a continuous flow of financial support, enabling the nonprofit to undertake various initiatives that benefit the community.
Located in Houston, TX, and managed by Justina Renee Masaryk, Herzstein Investments Inc effectively utilizes its property holdings to create a sustainable revenue stream. The income collected, after covering necessary expenses, is crucial for funding programs and services that address community needs. This model not only enhances the financial stability of the affiliated organization but also contributes to broader community enhancement efforts in Houston.
This information is meant to be a general summary of Herzstein Investments 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.
- Investment Income: $8,090
- Gross Receipts: $5,722,752
Assets and Liabilities:
- Total Assets: $73,235,376
- Total Liabilities: $2,235,354
- Net Assets: $71,000,022
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2001
Phone
(713) 681-7868Principal Officer
Justina Renee Masaryk
Main Address
6131 WESTVIEW, HOUSTON, TX, 77055
Website
www.herzsteininvestments.comNTEE Category
Code: S47 - Community improvement
If you are a representative of Herzstein Investments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.