Overview
What is Mgma Realty Corp?
MGMA Realty Corp is a nonprofit organization located at 104 Inverness Terrace East, Englewood, Colorado 80112. The primary function of MGMA Realty Corp is to hold title to real property and collect rent from its exempt parent organization, MGMA-ACMPE. This financial relationship allows MGMA-ACMPE to utilize the property for its operations, while MGMA Realty Corp serves as its landlord. The organization's activities are focused on property management and rental collection, with no evident involvement in social services or advocacy.
Official website here: www.mgma.com
Is Mgma Realty Corp legitimate?
Mgma Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mgma Realty 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: $203,655
For more financial information, click here
Official website here: www.mgma.com
What is the mission statement of Mgma Realty Corp?
Mgma Realty Corp primarily holds title to real property and collects rent from its exempt parent organization, MGMA-ACMPE. This corporation's role is centered around managing real estate assets and generating revenue through rent payments from its affiliated entity, which enjoys exempt status. The core function of Mgma Realty Corp is to manage its property portfolio and ensure timely rent collection from its exempt parent organization. The corporation's activities do not involve advocacy, research, or direct support services, but rather focus on real estate management and rental income generation.
Official website here: www.mgma.com
Who is the CEO of Mgma Realty Corp?
Akash Madiah is the President/Ceo of Mgma Realty Corp. The CEO's salary of Mgma Realty Corp is $0 and their total compensation is $1,269,358.
Official website here: www.mgma.com
What is the revenue of Mgma Realty Corp?
Mgma Realty Corp's revenue in 2022 was $691,238.
Official website here: www.mgma.com
Who are the executives of Mgma Realty Corp and what are their salaries?
There 15 volunteers at Mgma Realty Corp.
Here are 20 key members and their salaries (Mgma Realty Corp's CEO's salary is $0 and their total compensation is $1,269,358):
- Compensation: $0
- Related: $1,211,785
- Other: $57,573
- Compensation: $0
- Related: $558,174
- Other: $60,510
- Compensation: $0
- Related: $503,509
- Other: $46,309
- Compensation: $0
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- Other: $0
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mgma.com
Where can I find the form 990 for Mgma Realty Corp?
Mgma Realty Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mgma.com
Learn more at the official website: www.mgma.com
Mission Statement of Mgma Realty Corp
MGMA Realty Corp, a notable entity, is primarily engaged in holding title to real property and collecting rent from its exempt parent organization, MGMA-ACMPE. In simpler terms, this corporation serves as a property management entity, handling the ownership and rental income generation from its exempt parent organization's properties. This role ensures the efficient management and maintenance of the real estate properties under MGMA Realty Corp's jurisdiction.
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Impact
October, 2024
Mgma Realty Corp plays a significant role in enhancing community development by managing real estate assets and providing financial support to its exempt parent organization, MGMA-ACMPE. By holding title to real property and effectively collecting rent, it ensures a stable revenue stream that can be reinvested into community-focused initiatives and programs. This structure not only supports the operations of MGMA-ACMPE but also contributes to the overall improvement of the local community in Englewood, Colorado. The organization's commitment to managing real property aligns with its mission of fostering community enhancement, thereby promoting economic growth and stability in the area.
This information is meant to be a general summary of Mgma Realty 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.
- Program Service Revenue: $691,238
- Gross Receipts: $691,238
Assets and Liabilities:
- Total Assets: $1,037,308
- Total Liabilities: $1,278,359
- Net Assets: -$241,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$691,238
Organization Details
Founding Year
1989
Phone
(303) 799-1111Principal Officer
Akash Madiah
Main Address
104 INVERNESS TERRACE EAST, ENGLEWOOD, CO, 80112
Website
www.mgma.comNTEE Category
Code: S47 - Community improvement
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