Overview
What is Pavers Pension Fund Holding Corp?
Pavers Pension Fund Holding Corp is a nonprofit organization based in Whitestone, New York. Its primary focus is to invest in real estate properties, with the intention of generating net income. This income is then remitted entirely to eligible pension, profit-sharing, or stock bonus plans that adhere to the standards set by the Internal Revenue Code Section 401(A). With a workforce of 15 individuals, the organization's purpose is to support these retirement plans through its real estate investments.
Is Pavers Pension Fund Holding Corp legitimate?
Pavers Pension Fund Holding Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Pavers Pension Fund Holding 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: $270,029
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What is the mission statement of Pavers Pension Fund Holding Corp?
Pavers Pension Fund Holding Corp's mission revolves around owning and maintaining real estate investment properties. The primary objective of this organization is to generate net income from these properties and subsequently remit the entire amount to qualified pension, profit-sharing, or stock bonus plans that comply with the regulations set by the Internal Revenue Code Section 401(A). This mission aims to provide a financial benefit to those retirement plans, contributing to the overall well-being and financial security of the individuals associated with them.
Who is the CEO of Pavers Pension Fund Holding Corp?
Unavailable
What is the revenue of Pavers Pension Fund Holding Corp?
Pavers Pension Fund Holding Corp's revenue in 2022 was $2,770,729.
Who are the executives of Pavers Pension Fund Holding Corp and what are their salaries?
The average compensation at Pavers Pension Fund Holding Corp during 2022 was $18,002. There are 15 employees at Pavers Pension Fund Holding Corp.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pavers Pension Fund Holding Corp?
Pavers Pension Fund Holding Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pavers Pension Fund Holding Corp
Pavers Pension Fund Holding Corp, as an organization, is primarily focused on real estate investment. Its mission is to maintain and manage these properties, with the ultimate goal of generating net income. This income is then directed towards a qualified pension, profit-sharing, or stock bonus plan that adheres to the regulations set forth in IRC 401(A). In simpler terms, Pavers Pension Fund Holding Corp uses its real estate investments to financially support retirement plans, profit-sharing programs, and stock bonus plans that meet specific IRS requirements. The organization's role in this process is to ensure the successful operation and maintenance of its real estate investments, ultimately contributing to the financial well-being of those benefiting from these plans.
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Impact
October, 2024
Pavers Pension Fund Holding Corp contributes significantly to the community by managing real estate investment properties that generate net income, which is then remitted to qualified pension, profit-sharing, or stock bonus plans. This financial support is crucial for ensuring the stability and growth of retirement benefits for workers, enhancing their economic security.
By maintaining these properties, Pavers Pension Fund not only ensures a steady income stream for pensions but also promotes community improvement through responsible real estate management. The engagement with local real estate markets can lead to enhanced property values and positively impact the local economy. Ultimately, the organization plays a vital role in fostering financial well-being for individuals relying on retirement funds, while also benefiting the broader community through its real estate activities.
This information is meant to be a general summary of Pavers Pension Fund Holding 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 2022.
- Investment Income: $3,141
- Program Service Revenue: $2,767,588
- Gross Receipts: $2,770,729
Assets and Liabilities:
- Total Assets: $29,324,866
- Total Liabilities: $439,922
- Net Assets: $28,884,944
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,764,536
LEASE TERMINATION FEES
Revenue
$3,052
Organization Details
Founding Year
2018
Phone
(718) 886-3310Main Address
17-20 WHITESTONE EXPRESSWAY 200, WHITESTONE, NY, 11357
NTEE Category
Code: S47 - Community improvement
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