Overview
What is 60 Oak Realty Corp?
60 Oak Realty Corp is a title holding corporation, established for a specific purpose. Situated in Babylon, New York, this organization specializes in managing real property on behalf of various other tax-exempt organizations. Its primary role is to ensure the secure ownership of properties, with the ultimate goal of serving these exempt organizations effectively. With a clear mission to facilitate property management, 60 Oak Realty Corp operates as a dedicated agent, ensuring the smooth use of real estate assets by the designated beneficiaries.
Is 60 Oak Realty Corp legitimate?
60 Oak Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 60 Oak Realty Corp 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 60 Oak Realty Corp?
60 Oak Realty Corp is primarily established as a title holding corporation, serving a unique purpose. Its primary mission is dedicated to holding the title to real property, primarily benefiting other tax-exempt organizations. By doing so, it contributes to the operation and functioning of various charitable entities, ensuring the efficient use of their property resources. The corporation's role is crucial in providing a supportive infrastructure for these exempt organizations, ultimately contributing to the broader social and charitable landscape.
What is the revenue of 60 Oak Realty Corp?
60 Oak Realty Corp's revenue in 2024 was $1,067.
Who are the executives of 60 Oak Realty Corp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $18,929
- Other: $0
- Compensation: $0
- Related: $20,574
- Other: $0
- Compensation: $0
- Related: $81,116
- Other: $0
- Compensation: $0
- Related: $1,316
- Other: $0
- Compensation: $0
- Related: $25,548
- Other: $0
Where can I find the form 990 for 60 Oak Realty Corp?
60 Oak Realty Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of 60 Oak Realty Corp
60 Oak Realty Corp is a title holding corporation with a unique mission. Established exclusively for this purpose, the organization's primary goal is to hold title to real property for the benefit of other tax-exempt organizations. By doing so, 60 Oak Realty Corp plays a crucial role in supporting the operations of various charitable entities, providing them with secure and legally recognized ownership of real estate assets. This mission is instrumental in ensuring that these organizations can focus on their primary objectives, such as providing essential services to their communities, without the burden of managing real estate titles.
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Impact
October, 2024
60 Oak Realty Corp plays a significant role in facilitating the operations of various exempt organizations by holding title to real property. By managing real estate assets, it enables other tax-exempt entities to focus on their core missions without the burden of property ownership complexities. This function not only streamlines their operational efforts but also enhances their ability to provide services to the community.
Located in Babylon, NY, 60 Oak Realty Corp supports a diverse range of exempt organizations, contributing to local employment opportunities. Its activities help ensure that these organizations have the necessary facilities to operate effectively, which can lead to increased job creation and community engagement. Overall, 60 Oak Realty Corp's impact extends beyond property management; it supports the greater good by empowering organizations dedicated to public benefit.
This information is meant to be a general summary of 60 Oak Realty Corp. 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 2024.
- Gross Receipts: $50,000
Assets and Liabilities:
- Total Assets: $1,194,784
- Total Liabilities: $1,317,774
- Net Assets: -$122,990
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Organization Details
Founding Year
2017
Principal Officer
Michael Sullivan
NTEE Category
Code: J11 - Employment
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