Overview
What is 1721 North Front Street Holdings Inc?
1721 North Front Street Holdings Inc, situated in Harrisburg, Pennsylvania, is a specialized organization established with a singular focus. Its purpose is to procure real estate properties, maintain ownership, and generate income. This income, after deducting expenses, is subsequently distributed to its founding members in entirety. The organization's primary function revolves around real estate management and income distribution.
Is 1721 North Front Street Holdings Inc legitimate?
1721 North Front Street Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1721 North Front Street Holdings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 1721 North Front Street Holdings Inc?
1721 North Front Street Holdings Inc was established with the primary objective of acquiring real estate properties. Its main purpose is to hold title to these properties and generate income. The company then remits the entire income, after deducting expenses, to its initial members. In simpler terms, 1721 North Front Street Holdings Inc focuses on real estate investment, aiming to generate income, which is subsequently shared with its founding members. It does not engage in any other activities beyond this core mission.
Who is the CEO of 1721 North Front Street Holdings Inc?
Richard Cardamone is the Director of 1721 North Front Street Holdings Inc.
What is the revenue of 1721 North Front Street Holdings Inc?
1721 North Front Street Holdings Inc's revenue in 2022 was $326,667.
Who are the executives of 1721 North Front Street Holdings Inc and what are their salaries?
There 4 volunteers at 1721 North Front Street Holdings Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $400,772
- Other: $0
- Compensation: $0
- Related: $128,043
- Other: $0
- Compensation: $0
- Related: $179,709
- Other: $43,417
- Compensation: $0
- Related: $133,859
- Other: $79,473
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 1721 North Front Street Holdings Inc?
1721 North Front Street Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1721 North Front Street Holdings Inc
1721 North Front Street Holdings Inc, as an organization, was established with a singular focus. Its primary objective is to acquire real estate properties and retain ownership of them. The main aim is to generate income from these properties, which is then distributed, after deducting expenses, to its initial members in its entirety. In essence, 1721 North Front Street Holdings Inc serves as a vehicle for acquiring and managing real estate properties, with the ultimate goal of generating income and distributing it to its founding members.
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Impact
October, 2024
1721 North Front Street Holdings Inc directly impacts the local community by engaging in real estate activities that contribute to the economic landscape of Harrisburg, PA. By acquiring and managing real property, the organization enhances the value of the area and can potentially stimulate local economic growth.
The income generated from these properties is systematically remitted to its initial members, fostering a cycle of investment and stability among stakeholders. This model not only aids in maintaining property standards but also ensures that those who hold an interest in the organization benefit financially, reinforcing community engagement and support.
Moreover, by being strategically positioned in Harrisburg, 1721 North Front Street Holdings Inc plays a role in the broader real estate market, influencing local housing availability and conditions. Its focus on real estate management helps to sustain and possibly elevate property values, which can have positive ripple effects throughout the community. Overall, the organization's activity contributes to economic stability and mutual benefit for its members and the surrounding area.
This information is meant to be a general summary of 1721 North Front Street Holdings 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.
- Program Service Revenue: $326,667
- Gross Receipts: $326,667
Assets and Liabilities:
- Total Assets: $1,589,430
- Total Liabilities: $64,197
- Net Assets: $1,525,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$290,667
PARKING INCOME
Revenue
$36,000
Organization Details
Founding Year
2016
Phone
(717) 425-5500Principal Officer
Richard Cardamone
Main Address
1721 NORTH FRONT STREET 3RD FLOOR, HARRISBURG, PA, 17102
NTEE Category
Code: Y99 - Mutual benefit
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