Overview
What is Grandview Resthome Investment Foundation?
Grandview Resthome Investment Foundation is a nonprofit organization, established to support the Grandview Resthome Association, Inc., a Texas-based charity exempt under Section 501(c)(3) of the Internal Revenue Code. The Foundation's primary purpose is to manage and invest the assets of the Grandview Resthome Association, aiming to enhance its overall financial well-being. The Foundation has received recognition as a supporting organization exempt from federal income tax under code sections 501(c)3 and 509(a)(3). Its operations are dedicated to benefiting and supporting the mission and activities of the Grandview Resthome Association, Inc.
Is Grandview Resthome Investment Foundation legitimate?
Grandview Resthome Investment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grandview Resthome Investment Foundation 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
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What is the mission statement of Grandview Resthome Investment Foundation?
The Grandview Resthome Investment Foundation is established with the primary objective of managing the investment assets of the Grandview Resthome Association, Inc. This foundation operates under the umbrella of supporting organizations, as acknowledged by the Internal Revenue Service (IRS), exempting it from federal income tax under sections 501(c)3 and 509(a)(3). The Foundation's mission is dedicated to supporting the functions and purposes of the Grandview Resthome Association, Inc., aiming to serve its beneficiaries effectively.
Who is the CEO of Grandview Resthome Investment Foundation?
Buddy Fry is the President of Grandview Resthome Investment Foundation.
What is the revenue of Grandview Resthome Investment Foundation?
Grandview Resthome Investment Foundation's revenue in 2022 was $180,412.
Who are the executives of Grandview Resthome Investment Foundation 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 Grandview Resthome Investment Foundation?
Grandview Resthome Investment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grandview Resthome Investment Foundation
The Grandview Resthome Investment Foundation is established with a mission to serve and support Grandview Resthome Association, Inc., a nonprofit organization that is exempt under Section 501(c)(3) of the Internal Revenue Code. This foundation is primarily tasked with managing the various investment assets held by the Grandview Resthome Association. It operates under a determination letter from the IRS, which exempts it from federal income tax under sections 501(c)3) and 509(a)(3) as a supporting organization. In essence, the Grandview Resthome Investment Foundation's role is to contribute to the overall objectives and purposes of its parent organization, the Grandview Resthome Association, Inc., by managing its investments effectively.
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Impact
October, 2024
Grandview Resthome Investment Foundation plays a vital role in managing the investment assets of the Grandview Resthome Association, ensuring long-term sustainability and support for the services provided by the Association. By effectively overseeing these assets, the Foundation enhances funding for housing and related needs within the Grandview community in Johnson County, Texas.
This strategic management enables the Grandview Resthome Association to focus on its core mission—providing essential services and support for elderly residents. The Foundation's commitment to maintaining and growing its investment portfolio directly contributes to the financial health of the Association, facilitating the delivery of high-quality care and housing solutions.
The impact of the Grandview Resthome Investment Foundation is significant, as it empowers the Association to serve the community effectively, ensuring that essential resources are available for those who rely on them the most. Through prudent financial stewardship, the Foundation fosters a stable environment for the residents, contributing to their well-being and quality of life.
This information is meant to be a general summary of Grandview Resthome Investment Foundation. 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: $180,412
- Gross Receipts: $180,412
Assets and Liabilities:
- Total Assets: $2,453,255
- Total Liabilities: $0
- Net Assets: $2,453,255
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Organization Details
Founding Year
2019
Phone
(817) 866-3367Principal Officer
Buddy Fry
Main Address
P O Box 670, Grandview, TX, 76050
NTEE Category
Code: L11 - Housing
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