Overview
What is Masoomeen Holding Inc?
Masoomeen Holding Inc is a nonprofit organization situated in Thonotosassa, Florida, with a focus on real estate management for tax-exempt purposes. The organization, rooted in Islamic values, oversees various programs, including the management of building maintenance expenses and depreciation. As a nonprofit, Masoomeen Holding Inc contributes to its community by utilizing its real estate holdings in a manner that exempts it from paying certain taxes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Masoomeen Holding Inc has received a commendable Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization scored 80% in this category, indicating a strong commitment to transparency and responsible financial management. The rating is based solely on the accountability and finance beacon, emphasizing the charity's focus on maintaining high standards in these areas.
One of the organization's notable strengths is its governance structure, with 100% of board members being independent, ensuring unbiased decision-making. Additionally, there were no reported material diversions of assets, which reinforces trust in its financial integrity. The organization also has a well-documented conflict of interest policy and maintains transparent records by documenting board meeting minutes.
While Masoomeen Holding Inc exhibits strong financial health, with a liabilities to assets ratio of 0.00% and 100% of its expenses going directly to programs, the single focus on accountability and finance means there are no other beacons being evaluated. This may limit the overall picture of the organization's impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Masoomeen Holding Inc legitimate?
Masoomeen Holding Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masoomeen Holding 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 Masoomeen Holding Inc?
Masoomeen Holding Inc. is committed to utilizing real estate for tax-exempt purposes. Their mission involves managing various expenses related to building maintenance and depreciation. As an Islamic organization, Masoomeen Holding Inc. focuses on this specific activity, contributing to its respective sector without disclosing its exact location in the provided information.
Who is the CEO of Masoomeen Holding Inc?
Yawer Nensey is the Director of Masoomeen Holding Inc.
What is the revenue of Masoomeen Holding Inc?
Masoomeen Holding Inc's revenue in 2022 was $0.
Who are the executives of Masoomeen Holding Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Masoomeen Holding Inc?
Masoomeen Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Masoomeen Holding Inc
Masoomeen Holding, a nonprofit organization, is dedicated to maintaining real estate for tax-exempt purposes. It manages various programs, including overseeing building maintenance expenses and depreciation. This Islamic organization operates with a mission to contribute to causes that are exempt from taxation. While the information provided does not detail the specific beneficiaries or initiatives of Masoomeen Holding's tax-exempt activities, it is clear that the organization is committed to managing real estate and related expenses in accordance with this tax-exempt status.
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Impact
October, 2024
Masoomeen Holding Inc significantly impacts its community through the strategic management and maintenance of real estate for tax-exempt purposes. By focusing on managing building maintenance expenses and depreciation, the organization ensures that properties are well-maintained and available for religious and community activities. This allows the local Islamic community in Thonotosassa, FL, to have access to spaces that support their spiritual and social needs.
The organization's efforts contribute to the enhancement of community cohesion by providing facilities that can host various religious and cultural events. Furthermore, Masoomeen Holding's commitment to maintaining real estate for tax-exempt uses reflects its mission to serve the community while navigating the complexities of property management within a regulatory framework. Overall, the organization plays a vital role in sustaining the religious and cultural identity of the local Muslim population in Florida.
This information is meant to be a general summary of Masoomeen Holding 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.
Assets and Liabilities:
- Total Assets: $518,443
- Total Liabilities: $0
- Net Assets: $518,443
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Organization Details
Founding Year
2017
Phone
(813) 951-3248Principal Officer
Yawer Nensey
Main Address
10320 MAIN STREET, Thonotosassa, FL, 33592
NTEE Category
Code: X40 - Religion related
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