Overview
What is Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)?
The Mcdonald YMCA At Renaissance Heights Holding Company (6437-So2) is a nonprofit organization established in Fort Worth, Texas, specifically located at 512 Lamar Street Suite 400. Its primary objective is to manage and oversee property and related improvements, generating income from these assets. The organization's main role is to collect revenue from these properties and dispense the income, after accounting for expenses, solely for the advantage and maintenance of the YMCA of Metropolitan Fort Worth. By doing so, the company supports the broader mission of the YMCA, which likely involves promoting community development, health, and wellbeing.
Is Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2) legitimate?
Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2) is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2) 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 Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)?
The Mcdonald YMCA At Renaissance Heights Holding Company (6437-So2) is established with the primary objective of managing property and earning income. This income, after deducting expenses, is then utilized for the sole benefit and support of the YMCA of Metropolitan Fort Worth. In essence, the company's mission is to contribute financially to the operations and well-being of the YMCA organization. It achieves this by holding property titles and generating income, which is then channeled back to the YMCA for its operations and support.
Who is the CEO of Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)?
Unavailable
What is the revenue of Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)?
Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)'s revenue in 2022 was $130,044.
Who are the executives of Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2) and what are their salaries?
There 4 volunteers at Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2).
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)?
Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2)
McDonald YMCA at Renaissance Heights Holding Company's primary mission is to serve a supportive role for the YMCA of Metropolitan Fort Worth. This organization is specifically established with the goal of managing property and generating income. Its main objective is to collect revenue from properties and enhancements, reducing expenses along the way. The remaining income is then channeled towards benefiting and strengthening the YMCA of Metropolitan Fort Worth as a whole. This company's role is pivotal in ensuring the YMCA's financial stability, thereby enabling it to carry out its mission effectively.
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Impact
October, 2024
The Mcdonald YMCA at Renaissance Heights Holding Company plays a crucial role in supporting the YMCA of Metropolitan Fort Worth by managing and securing financial resources through property holdings. By holding title to property and generating income, the organization ensures a steady flow of revenue that is directly funneled to benefit YMCA programs and initiatives. This financial support strengthens community engagement, enhances recreational opportunities, and promotes health and wellness among Fort Worth residents.
Through its operations, the Holding Company contributes to community improvement by providing necessary funds for facilities and services that serve diverse populations, fostering a sense of belonging and connectivity in the area. By facilitating access to YMCA programs, it helps empower individuals and families, ultimately creating a positive social impact within the community.
This information is meant to be a general summary of Mcdonald Ymca At Renaissance Heights Holding Company (6437-So2). 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: $44
- Gross Receipts: $130,044
Assets and Liabilities:
- Total Assets: $11,901,000
- Total Liabilities: $14,700,000
- Net Assets: -$2,799,000
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Organization Details
Founding Year
2016
Phone
(817) 566-1062Main Address
512 Lamar Street Suite 400, Fort Worth, TX, 76102
NTEE Category
Code: S47 - Community improvement
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