Overview
What is Cpvhc Realty Inc?
Cpvhc Realty Inc. is a nonprofit organization situated in Lexington, Kentucky, with an address at 1648 McGrathiana Pkwy STE 550. The organization's primary role is to hold title to commercial real estate. It collects rent from this property, covers associated expenses, and subsequently transfers the net income to its parent organization, the ABFM Foundation Inc., a tax-exempt entity under section 501(C)(3). This structure adheres to the guidelines outlined in section 501(C)(2) of the Internal Revenue Code.
Is Cpvhc Realty Inc legitimate?
Cpvhc Realty Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cpvhc Realty 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:
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What is the mission statement of Cpvhc Realty Inc?
Cpvhc Realty Inc serves as a title-holding entity, adhering to the guidelines under Section 501(C)(2). Its primary function is to collect income from commercial properties it holds. This revenue is then distributed to its tax-exempt parent organization, ABFM Foundation Inc., which falls under Section 501(C)(3). In essence, Cpvhc Realty Inc acts as a financial intermediary, ensuring the income generated from its commercial properties is utilized for charitable purposes through its affiliated organization.
Who is the CEO of Cpvhc Realty Inc?
Warren Newton Md is the Director/Pres/Secretary of Cpvhc Realty Inc.
What is the revenue of Cpvhc Realty Inc?
Cpvhc Realty Inc's revenue in 2022 was $268,549.
Who are the executives of Cpvhc Realty Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cpvhc Realty Inc?
Cpvhc Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cpvhc Realty Inc
Cpvhc Realty Inc, as a title-holding entity, operates under Section 501(C)(2) of the Internal Revenue Code. Its primary mission is to collect income from commercial property it holds and then distribute the net income to its tax-exempt parent organization, the ABFM Foundation Inc, which falls under Section 501(C)(3). This transfer of funds is in compliance with the regulations set forth in IRC 501(C)(2). In essence, Cpvhc Realty Inc serves as a financial intermediary, leveraging its property holdings to support the charitable activities of its affiliated organization.
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Impact
October, 2024
Cpvhc Realty Inc plays a significant role in community improvement by managing and holding title to commercial real estate. The organization collects rental income from these properties and responsibly pays associated expenses. The net income generated is then channeled directly to the ABFM Foundation Inc, which supports various charitable activities and projects under its tax-exempt status.
Through this structure, Cpvhc Realty Inc not only contributes to the local economy by maintaining property values and generating commercial activity but also plays a vital part in funding initiatives that benefit the community. By ensuring that the profits from its real estate operations are reinvested into a foundation dedicated to public service, Cpvhc Realty Inc fosters a cycle of support that enhances the lives of individuals and families in Lexington, KY, and potentially beyond. This indirect impact through the ABFM Foundation expands the reach of their financial contributions toward meaningful community programs.
This information is meant to be a general summary of Cpvhc Realty 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: $268,549
- Gross Receipts: $268,549
Assets and Liabilities:
- Total Assets: $6,067,786
- Total Liabilities: $58,463
- Net Assets: $6,009,323
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT AND COST REIMB
Revenue
$268,549
Organization Details
Founding Year
2019
Phone
(877) 223-7437Principal Officer
Warren Newton Md
Main Address
1648 MCGRATHIANA PKWY STE 550, LEXINGTON, KY, 40511
NTEE Category
Code: S47 - Community improvement
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