Overview
What is Crd Holdings Inc?
Crd Holdings Inc is a nonprofit organization situated in La Quinta, California. Its primary function involves holding title to property and collecting income generated from it. The organization then distributes the total income, minus expenses, to its sole member, the Church of the Red Door. As of 2022, Crd Holdings Inc has no reported activities or updates. This organization's activities are solely dedicated to property management and income distribution, supporting the Church of the Red Door.
Is Crd Holdings Inc legitimate?
Crd Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Crd Holdings 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Crd Holdings Inc?
Crd Holdings Inc is established with the sole purpose of managing property. The corporation collects income generated from the property and subsequently transfers the entire amount, after deducting expenses, to its sole member. The organization's primary function is to serve as a financial intermediary for its sole member, which is not specified in the provided information. As of 2022, Crd Holdings Inc does not have any reported activities beyond this primary function.
Who is the CEO of Crd Holdings Inc?
Kristin Hermann is the President of Crd Holdings Inc.
What is the revenue of Crd Holdings Inc?
Crd Holdings Inc's revenue in 2022 was $602.
Who are the executives of Crd Holdings Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Crd Holdings Inc?
Crd Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crd Holdings Inc
Crd Holdings Inc is organized with a singular purpose: to hold title to property and generate income from it. This corporation then transfers the entire net income, after deducting expenses, to its sole member, the Church of the Red Door. In essence, Crd Holdings Inc serves as a property holding entity, generating income and dispersing it to its affiliated organization, the Church of the Red Door. As of 2022, the corporation has no additional information to report.
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Impact
October, 2024
Crd Holdings Inc plays a vital role in the financial sustainability of its sole member, Church of the Red Door, by managing property assets and generating income from them. This organization is dedicated to holding title to property and ensuring that the income derived from these assets is efficiently collected and redistributed to support the church's activities. The arrangement allows for a streamlined process where the church can benefit from the income generated, enabling it to focus on its community improvement efforts without the burden of directly managing the properties.
Located in La Quinta, CA, Crd Holdings Inc acts as a facilitator for the church's mission by providing essential financial resources. Although there is no specific financial reporting from the organization as of 2022, the established purpose underscores its significance in fostering a stable foundation for the church's outreach and services. Overall, Crd Holdings Inc contributes to strengthening the community through its support of the Church of the Red Door's initiatives.
This information is meant to be a general summary of Crd Holdings 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.
- Investment Income: $602
- Gross Receipts: $602
Assets and Liabilities:
- Total Assets: $5,789,302
- Total Liabilities: $0
- Net Assets: $5,789,302
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Organization Details
Founding Year
2018
Phone
(760) 777-9131Principal Officer
Kristin Hermann
Main Address
78365 HIGHWAY 111 PMB309, LA QUINTA, CA, 92253
NTEE Category
Code: S47 - Community improvement
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