Overview
What is Ser Development I Inc (4598-So1)?
Ser Development I Inc (4598-So1) is a nonprofit organization primarily established for the sole purpose of managing a property, specifically a YMCA facility situated at 1436 Rock Quarry Road, Raleigh, NC 27610. The organization financed and developed the property, constructing a wellness center, parking lot, gymnasium, outdoor swimming pool, exercise studios, and various athletic and recreational amenities. The revenue generated from this facility is intended to be passed on to the Young Men's Christian Association of the Triangle Area, Inc. This nonprofit's role primarily revolves around property management, with a focus on providing a high-quality YMCA facility for the local community.
Is Ser Development I Inc (4598-So1) legitimate?
Ser Development I Inc (4598-So1) is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ser Development I Inc (4598-So1) 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 Ser Development I Inc (4598-So1)?
Ser Development I Inc (4598-So1) was established with the primary objective of managing a property, generating income from it, and subsequently transferring the proceeds, after deducting expenses, to the Young Men's Christian Association of the Triangle Area Inc. The organization played an active role in the development, construction, and equipping of this property, transforming it into a YMCA facility. The facility encompasses various amenities such as a wellness center, gymnasium, outdoor swimming pool, exercise studios, and other recreational spaces, catering to athletic activities and promoting overall wellness.
What is the revenue of Ser Development I Inc (4598-So1)?
Ser Development I Inc (4598-So1)'s revenue in 2023 was $881,175.
Who are the executives of Ser Development I Inc (4598-So1) and what are their salaries?
There 5 volunteers at Ser Development I Inc (4598-So1).
Here are 5 key members and their salaries:
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Where can I find the form 990 for Ser Development I Inc (4598-So1)?
Ser Development I Inc (4598-So1)'s most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ser Development I Inc (4598-So1)
Ser Development I Inc, with the identification number 4598-So1, was established with a specific mission. This organization was created primarily to serve as a title holder for a certain piece of real estate. The property, located at 1436 Rock Quarry Road, Raleigh, NC 27610, was intended to generate income. The primary objective was to then pass on this income, after deducting expenses, to the Young Men's Christian Association of the Triangle Area, Inc.
Beyond its role as a title holder, Ser Development I Inc undertook a significant project. The organization developed, constructed, and equipped a facility on the aforementioned property. This development served as a YMCA facility, offering a variety of amenities. The facility included a wellness center, a parking lot, a gymnasium, an outdoor swimming pool, exercise studios, and numerous athletic and recreational spaces. By leasing this development to the Young Men's Christian Association of the Triangle Area, Inc., Ser Development I Inc contributed to the provision of a comprehensive YMCA experience, catering to the community's physical and recreational needs.
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Impact
October, 2024
Ser Development I Inc (4598-So1) plays a significant role in enhancing community wellness and recreational opportunities in Raleigh, NC, through its development of a comprehensive YMCA facility. By holding the title to a strategic parcel of real estate, the organization has facilitated the construction and equipping of key amenities such as a wellness center, gymnasium, outdoor swimming pool, and various exercise studios.
This facility not only provides essential health and fitness resources for the community but also serves as a gathering place for residents of all ages to engage in athletic and recreational activities. The diverse offerings promote physical health, mental well-being, and community cohesion, addressing the needs of individuals and families seeking a supportive environment for fitness and social interaction.
By ensuring that the income generated from the property is directed toward the YMCA, Ser Development I Inc effectively supports ongoing community improvement initiatives. This focus on creating a robust civic space reinforces the organization's impact on enhancing the quality of life for Raleigh's residents, fostering both personal health and community engagement.
This information is meant to be a general summary of Ser Development I Inc (4598-So1). 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 2023.
- Program Service Revenue: $881,175
- Gross Receipts: $881,175
Assets and Liabilities:
- Total Assets: $20,932,104
- Total Liabilities: $20,992,882
- Net Assets: -$60,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Healthy Living
Revenue
$881,175
Social Responsibility
Revenue
$0
Youth Development
Revenue
$0
Organization Details
Founding Year
2018
NTEE Category
Code: S47 - Community improvement
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