Overview
What is Drm Title Holding Corporation?
Drm Title Holding Corporation is a charitable organization established with the primary objective of managing property titles or leasehold interests. By doing so, they generate income from these properties. Notably, Drm Title Holding Corporation has committed to constructing a new women's and children's shelter. Upon completion, this facility will be handed over to Downtown Rescue Mission, Inc., to continue providing essential services for vulnerable individuals. The corporation's operations are situated in Huntsville, Alabama, at 1400 Evangel Drive NW.
Is Drm Title Holding Corporation legitimate?
Drm Title Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Drm Title Holding Corporation 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 Drm Title Holding Corporation?
The Drm Title Holding Corporation operates with a charitable intent, primarily focusing on holding title or leasehold interests in property and generating income from it. One of their significant endeavors involves the construction of a new women's and children's shelter. Upon completion, this shelter will be transferred to Downtown Rescue Mission, Inc., serving as a testament to their mission of providing support for beneficial causes. Although the corporation's mission statement is not explicitly stated, its actions suggest a commitment to contributing to charitable initiatives.
Who is the CEO of Drm Title Holding Corporation?
Marvin Malone is the Chairman of Drm Title Holding Corporation.
What is the revenue of Drm Title Holding Corporation?
Drm Title Holding Corporation's revenue in 2022 was $0.
Who are the executives of Drm Title Holding Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Drm Title Holding Corporation?
Drm Title Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Drm Title Holding Corporation
Drm Title Holding Corporation, a charitable entity, is dedicated to serving a unique mission. It acquires title or leasehold interests in property and collects income generated from these properties. The primary objective of this corporation is to then utilize these funds for a noble cause. In this particular instance, Drm Title Holding Corporation is involved in constructing a new women's and children's shelter. Upon completion, this shelter will be transferred to Downtown Rescue Mission, Inc., an organization devoted to providing support and resources for individuals in need. By fulfilling this mission, Drm Title Holding Corporation is making a significant contribution to the well-being of vulnerable women and children, ensuring they have a safe and nurturing environment during challenging times.
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Impact
October, 2024
Drm Title Holding Corporation plays a crucial role in community improvement by focusing on the management and developmental aspects of property for charitable purposes. One of its significant contributions is the construction of a new women's and children's shelter, which will ultimately be transferred to Downtown Rescue Mission, Inc. upon completion. This initiative not only addresses the immediate need for safe housing but also supports marginalized populations in Huntsville, Alabama. By holding title or leasehold interests in properties and generating income from them, the corporation enables the development of essential community resources, thereby enhancing the overall social welfare and stability in the region. Through its efforts, Drm Title Holding Corporation actively contributes to the betterment of the community and the lives of those it serves.
This information is meant to be a general summary of Drm Title Holding Corporation. 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.
Assets and Liabilities:
- Total Assets: $6,473,965
- Total Liabilities: $7,500,000
- Net Assets: -$1,026,035
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Organization Details
Founding Year
2016
Phone
(256) 536-2441Principal Officer
Marvin Malone
Main Address
1400 EVANGEL DR NW, Huntsville, AL, 35816
NTEE Category
Code: S47 - Community improvement
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