Overview
What is Charitable Holdings Inc?
Charitable Holdings Inc is a nonprofit organization located at 595 De Laura Lane, Virginia Beach, VA 23455. Their primary role is to manage and collect income from property, retaining only the necessary expenses and principal payments on the property's debt. This income is then transferred to their tax-exempt affiliate in its entirety. The organization's mission is to serve as a title holder for properties, ensuring the effective management and distribution of their income.
Is Charitable Holdings Inc legitimate?
Charitable Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Charitable 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Charitable Holdings Inc?
Charitable Holdings Inc's mission is centered around managing property, specifically collecting income from these properties. The organization remits the entire income, after deducting expenses, to its tax-exempt affiliate. Additionally, Charitable Holdings Inc also makes principal payments on the debt of the properties it holds title to, before remitting the remaining income to its affiliate. In essence, the organization serves as a financial intermediary for its tax-exempt affiliate, managing the income and debt related to its property holdings.
Who is the CEO of Charitable Holdings Inc?
Yvonne Redifer is the Treasurer of Charitable Holdings Inc.
What is the revenue of Charitable Holdings Inc?
Charitable Holdings Inc's revenue in 2022 was $177,000.
Who are the executives of Charitable Holdings Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Charitable Holdings Inc?
Charitable Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charitable Holdings Inc
Charitable Holdings Inc, as outlined in its description, is a nonprofit organization with a unique mission. Its primary objective is to manage and collect income derived from property. This income, after deducting expenses, is then remitted in its entirety to its tax-exempt affiliate. Additionally, Charitable Holdings Inc also makes principal payments on the debt associated with the properties it holds title to, and this amount is also forwarded to its tax-exempt counterpart. In essence, Charitable Holdings Inc serves as a financial intermediary for its tax-exempt affiliate, ensuring the continuous flow of income and debt repayments from its property holdings.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Charitable Holdings Inc plays a significant role in supporting community improvement efforts through its strategic management of property assets. By holding title to and collecting income from various properties, the organization ensures that the generated funds are effectively remitted to its tax-exempt affiliate. This process enables the affiliate to allocate resources towards impactful community programs and initiatives.
The organization's focus on property management not only generates revenue but also helps maintain and improve local neighborhoods. The income derived from these assets can fund various projects, contributing to the overall betterment of the community. By minimizing operational expenses and managing financial responsibilities related to the properties, Charitable Holdings Inc maximizes the resources available for community enhancement.
In essence, Charitable Holdings Inc acts as a crucial financial engine, facilitating the flow of resources to programs that address community needs, thereby fostering growth and improvement in Virginia Beach and beyond.
This information is meant to be a general summary of Charitable 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.
- Program Service Revenue: $177,000
- Gross Receipts: $177,000
Assets and Liabilities:
- Total Assets: $1,629,606
- Total Liabilities: $1,437,947
- Net Assets: $191,659
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$177,000
Organization Details
Founding Year
2018
Phone
(757) 509-2993Principal Officer
Yvonne Redifer
Main Address
595 DE LAURA LANE, VIRGINIA BEACH, VA, 23455
NTEE Category
Code: S47 - Community improvement
If you are a representative of Charitable Holdings Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.