Overview
What is Community Property Investmentsinc?
Community Property Investmentsinc is a nonprofit organization based in Birmingham, Alabama. Their primary activity involves purchasing real estate in central Alabama and managing these properties through leasing. The income generated from these properties is then distributed to Community Works, Inc., a 501(c)(3) public charity, which serves as the sole member of the corporation. This distribution of rental income supports Community Works, Inc.'s charitable initiatives.
Is Community Property Investmentsinc legitimate?
Community Property Investmentsinc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Community Property Investmentsinc 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 Community Property Investmentsinc?
Community Property Investmentsinc's mission is centered around real estate investment. The organization purchases and holds title to properties, generating income through rentals. This income is then distributed, after deducting expenses and reserves, to Community Works, Inc., a 501(c)(3) public charity. Community Property Investmentsinc occasionally acquires properties using funds contributed by Community Works, Inc. for its capital. In essence, the corporation's role is to facilitate income generation through real estate and distribute it to a charitable organization.
Who is the CEO of Community Property Investmentsinc?
John Norman is the Board Chair of Community Property Investmentsinc. The CEO's salary of Community Property Investmentsinc is $0 and their total compensation is $0.
What is the revenue of Community Property Investmentsinc?
Community Property Investmentsinc's revenue in 2022 was $172,617.
Who are the executives of Community Property Investmentsinc and what are their salaries?
Here are 8 key members and their salaries (Community Property Investmentsinc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Community Property Investmentsinc?
Community Property Investmentsinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Property Investmentsinc
Community Property Investments, Inc., as per its mission, focuses on purchasing and holding title to real estate properties. The primary objective is to generate income from the rental of these properties. Subsequently, the corporation distributes this income, after deducting expenditures and reserving funds, to Community Works, Inc., a recognized 501(c)(3) public charity. Community Works, Inc., acts as the sole member of Community Property Investments, Inc., and contributes funds to the corporation's capital for the purpose of purchasing additional real estate properties. In essence, Community Property Investments, Inc., serves as a conduit for generating and distributing rental income to Community Works, Inc., to support its charitable activities.
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
Community Property Investments, Inc. plays a vital role in enhancing community resources and supporting organizational missions through its strategic management of real estate assets. By acquiring and leasing properties in central Alabama, primarily in Birmingham, the organization generates rental income that is pivotal for funding community-oriented initiatives.
The organization focuses on purchasing real estate with financial contributions from Community Works, Inc., thereby ensuring a sustainable model that benefits the broader community. The rental income collected is carefully managed, with a portion allocated for operational expenses and reserves, while the remainder is distributed to support various programs facilitated by Community Works, Inc.
Through its activities, Community Property Investments, Inc. not only contributes to economic stability in the local real estate market but also directly impacts the community by enabling funding for charitable programs, services, and outreach efforts. This approach fosters a cycle of investment that supports both property management and community development, creating a tangible positive impact in Birmingham and surrounding areas.
This information is meant to be a general summary of Community Property Investmentsinc. 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: $3,520
- Program Service Revenue: $169,097
- Gross Receipts: $172,617
Assets and Liabilities:
- Total Assets: $5,565,171
- Total Liabilities: $20,608
- Net Assets: $5,544,563
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
$169,097
Organization Details
Founding Year
2018
Phone
(205) 323-6383Principal Officer
John Norman
Main Address
6001 Crestwood Blvd, Birmingham, AL, 35212
NTEE Category
Code: W11 - Public benefit
If you are a representative of Community Property Investmentsinc 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.