Overview
What is Kcera Property Inc?
Kcera Property Inc, based in Bakersfield, California, is a nonprofit organization primarily engaged in property management. Specifically, it owns and rents an office building to its sole shareholder, the Kern County Employees' Retirement Association. This association is a defined benefit public pension plan, ensuring long-term retirement benefits for its members. This mutual relationship between Kcera Property Inc and the retirement association allows for the efficient use of resources, with the nonprofit generating revenue from the rental income while providing essential office space to its shareholder.
Official website here: www.kcera.org
Is Kcera Property Inc legitimate?
Kcera Property Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Kcera Property 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:
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Official website here: www.kcera.org
What is the mission statement of Kcera Property Inc?
KCera Property Inc, as a company, is primarily engaged in the ownership and rental of an office building. This building is leased back to its sole owner, Kern County Employees' Retirement Association, which is a defined benefit public pension plan. The primary activity of KCera Property Inc involves providing office space to its 100% shareholder, thereby contributing to the retirement association's operational needs. The company's mission, therefore, can be understood as providing real estate services, specifically the rental of an office building, to its sole shareholder, Kern County Employees' Retirement Association.
Official website here: www.kcera.org
Who is the CEO of Kcera Property Inc?
Rick Kratt is the Secretary And Director of Kcera Property Inc.
Official website here: www.kcera.org
What is the revenue of Kcera Property Inc?
Kcera Property Inc's revenue in 2022 was $368,401.
Official website here: www.kcera.org
Who are the executives of Kcera Property Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.kcera.org
Where can I find the form 990 for Kcera Property Inc?
Kcera Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kcera.org
Learn more at the official website: www.kcera.org
Mission Statement of Kcera Property Inc
Kcera Property Inc, as a corporation, is primarily dedicated to owning and leasing an office building to its sole shareholder, Kern County Employees' Retirement Association. This association is a defined benefit public pension plan. In essence, Kcera Property Inc serves as a real estate entity, providing a rental space for its fully-owned entity, ensuring a steady income stream for its operations. The office building is rented back to Kern County Employees' Retirement Association, providing it with a suitable workspace. This mutual relationship between Kcera Property Inc and its shareholder, Kern County Employees' Retirement Association, underpins its mission.
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Impact
October, 2024
Kcera Property Inc plays a significant role in supporting the operational needs of the Kern County Employees' Retirement Association (KCERA) by owning and renting an office building specifically designed for its use. This arrangement ensures that the retirement association has a dedicated space to manage its activities effectively, which ultimately benefits the employees who rely on the pension system.
By maintaining ownership of the property and renting it to the KCERA, Kcera Property Inc helps to create a stable financial environment for the retirement association, facilitating its mission to provide secure benefits to its members. This structure allows for streamlined operations and ensures that resources are focused on member services rather than real estate management.
The impact of Kcera Property Inc extends to the community by contributing to the enhancement of local infrastructure and supporting the financial stability of public employees' retirement benefits. This relationship fosters a collaborative approach to community improvement, as the office building serves not just as a workspace, but as a key asset in the functioning of a vital public service.
This information is meant to be a general summary of Kcera Property 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: $1,162
- Program Service Revenue: $367,239
- Gross Receipts: $368,401
Assets and Liabilities:
- Total Assets: $5,602,731
- Total Liabilities: $1,893
- Net Assets: $5,600,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL PROPERTY RENTS FR
Revenue
$367,239
Organization Details
Founding Year
2008
Phone
(661) 868-3790Principal Officer
Rick Kratt
Main Address
11125 RIVER RUN BLVD, BAKERSFIELD, CA, 93311
Website
www.kcera.orgNTEE Category
Code: S470 - Community improvement
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