Overview
What is Hsvs Property Foundation Ltd?
Hsvs Property Foundation Ltd is a nonprofit organization headquartered in Brooklyn, New York, specifically at 330 Jay Street, 29th Floor. Its primary purpose is to maintain ownership of various properties and land in New York City, which are then leased and rented out. The revenue generated from these leases and rentals directly supports St. Vincent's Services, Inc., operating under the name HeartShare St. Vincent's Services (HSVS). As a Catholic social services agency, HSVS is dedicated to providing and caring for young boys, girls, adolescents, young adults, adults, and families. They offer a range of programs and facilities to enhance the physical, mental, spiritual, intellectual, and emotional well-being of their clients. The net rental income generated by Hsvs Property Foundation Ltd is contributed to HSVS, a tax-exempt organization, to further their mission of supporting and aiding vulnerable individuals and families.
Is Hsvs Property Foundation Ltd legitimate?
Hsvs Property Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(2) entity. Hsvs Property Foundation Ltd 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
For more financial information, click here
What is the mission statement of Hsvs Property Foundation Ltd?
Hsvs Property Foundation Ltd holds property titles primarily for leasing and renting purposes, contributing to St. Vincent's Services Inc's mission, a Catholic social services agency. The primary objective of Hsvs Property Foundation Ltd is to support St. Vincent's Services, Inc., known as Heartshare St. Vincent's Services (HSVS), in its mission to provide and care for young boys, adolescents, young adults, adults, and families. This is achieved by establishing, operating, and maintaining various programs, facilities, homes, and residences, catering to the physical, mental, spiritual, intellectual, and emotional well-being of these individuals. The net rental income, if any, generated from these properties is typically transferred to HSVS, an organization with a tax-exempt status.
Who is the CEO of Hsvs Property Foundation Ltd?
Kenneth P Nolan Esq is the Chair of Hsvs Property Foundation Ltd.
What is the revenue of Hsvs Property Foundation Ltd?
Hsvs Property Foundation Ltd's revenue in 2022 was $239,023.
Who are the executives of Hsvs Property Foundation Ltd and what are their salaries?
There 2 volunteers at Hsvs Property Foundation Ltd.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $614,884
- Other: $32,205
- Compensation: $0
- Related: $301,294
- Other: $29,843
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hsvs Property Foundation Ltd?
Hsvs Property Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hsvs Property Foundation Ltd
Hsvs Property Foundation Ltd, as a holding entity, is committed to safeguarding property titles for St. Vincent's Services, Inc., a renowned Catholic social services agency. This foundation's primary purpose is to support St. Vincent's Services, Inc., which operates under the name Heartshare St. Vincent's Services (HSVS), in its mission to provide and care for young boys, girls, adolescents, young adults, adults, and families. Hsvs Property Foundation Ltd achieves this by leasing and renting properties, with the entire net rental income, if any, being directed towards HSVS.
The mission of Hsvs Property Foundation Ltd is intrinsically linked to the work of HSVS, an organization with a tax-exempt status. HSVS is dedicated to establishing, operating, and maintaining various types of programs, facilities, homes, and residences that cater to the physical, mental, spiritual, intellectual, and emotional welfare and well-being of the aforementioned groups. By leasing and renting properties, Hsvs Property Foundation Ltd plays a crucial role in enabling HSVS to carry out its mission, ultimately contributing to the betterment of the individuals and families they serve.
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Impact
October, 2024
Hsvs Property Foundation Ltd plays a crucial role in supporting the mission of St. Vincent's Services, Inc. by holding and managing properties throughout New York City. The foundation focuses on leasing and renting these buildings and lands to generate income that directly benefits services and programs aimed at improving the lives of individuals and families in need.
By maintaining a portfolio of properties, Hsvs Property Foundation enables the establishment and operation of vital facilities and residences dedicated to the physical, mental, spiritual, intellectual, and emotional well-being of children, adolescents, young adults, and families. This support allows St. Vincent's Services to offer a variety of essential programs designed to uplift and provide care for vulnerable populations, ensuring they receive the resources and assistance necessary for healthy development and stability.
The foundation's commitment to leveraging property assets effectively translates into direct benefits for New York City communities, fostering a safer and more supportive environment for those it serves.
This information is meant to be a general summary of Hsvs Property Foundation Ltd. 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: $239,023
- Gross Receipts: $239,023
Assets and Liabilities:
- Total Assets: $6,029,565
- Total Liabilities: $3,390,189
- Net Assets: $2,639,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$239,023
Organization Details
Founding Year
2017
Phone
(718) 422-4200Principal Officer
Kenneth P Nolan Esq
Main Address
330 JAY STREET 29TH FLOOR, Brooklyn, NY, 11201
NTEE Category
Code: P11 - Human services
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