Overview
What is Sage Collective Properties Inc?
Sage Collective Properties Inc, based in Chicago, Illinois, serves as a title-holding company for real estate with tax-exempt purposes. Their primary mission is to support Tabernacle Senior Citizens Project, Inc., providing elderly and handicapped individuals with rental housing and tailored services. In 2022, they renovated two buildings at 4108 and 4112 South King Drive, investing a total of $1,111,006. While 4112 South King Drive was completed by the end of 2022, renovations at 4108 South King Drive are on hold due to construction-related issues. Sage Collective Properties Inc also incurred program service expenses of $20,049 in the same year, covering utilities, insurance, and various operational expenses. Furthermore, key employees from Sage Collective Properties Inc donated their expertise in real estate, legal, and management to the organization, which was valued at $82,400.
Official website here: www.sagecollective.org
Is Sage Collective Properties Inc legitimate?
Sage Collective Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Sage Collective Properties 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.sagecollective.org
What is the mission statement of Sage Collective Properties Inc?
Sage Collective Properties Inc serves as a title-holding company for real estate intended for tax-exempt purposes, primarily for the benefit of the Tabernacle Senior Citizens Project, Inc. The organization's primary mission is to provide housing facilities and necessary services for elderly and handicapped individuals on a rental basis. These facilities are designed to cater to their specific needs. As of December 31, 2022, Sage Collective Properties Inc had capitalized a total of 1,111,006 for the renovation of two buildings. One of the buildings, 4112 South King Drive, was completed by the end of 2022, while renovations for the other building, 4108 South King Drive, are expected to commence after resolving construction-related issues. Additionally, the organization incurred program service expenses of 20,049 in 2022, which covered utilities, insurance, and other miscellaneous operating expenses for both buildings. Key employees of the organization also donated their time in 2022, providing real estate, legal, and management expertise to Sage Collective Properties Inc.
Official website here: www.sagecollective.org
Who is the CEO of Sage Collective Properties Inc?
Donna M Gaines is the President of Sage Collective Properties Inc.
Official website here: www.sagecollective.org
What is the revenue of Sage Collective Properties Inc?
Sage Collective Properties Inc's revenue in 2022 was $0.
Official website here: www.sagecollective.org
Who are the executives of Sage Collective Properties Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $159,000
- Other: $0
- Compensation: $0
- Related: $95,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sagecollective.org
Where can I find the form 990 for Sage Collective Properties Inc?
Sage Collective Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sagecollective.org
Learn more at the official website: www.sagecollective.org
Mission Statement of Sage Collective Properties Inc
Sage Collective Properties Inc, a title holding company, is dedicated to supporting the Tabernacle Senior Citizens Project, Inc. by holding title for necessary real assets in a tax-exempt capacity. Their primary mission is to provide elderly persons and individuals with disabilities with housing facilities on a rental basis. These facilities are designed to cater to their specific needs, offering them a safe and comfortable living environment. The organization, Sage Collective Properties Inc, is also committed to providing services that enhance the quality of life for its residents.
In line with its mission, Sage Collective Properties Inc has undertaken the renovation of two buildings, located at 4108 South King Drive and 4112 South King Drive, in Chicago, Illinois. As of December 31, 2022, the total amount capitalized for both buildings was $1,111,006. The renovation of 4112 South King Drive was completed to 60% as of the same date, with the remaining work projected to be finished in 2024. The renovation of 4108 South King Drive will commence once construction-related issues are resolved.
In addition to the renovation projects, Sage Collective Properties Inc incurred program service expenses totaling $20,049 in 2022. These expenses covered various operational costs such as utilities, insurance, and miscellaneous items for both buildings. Furthermore, the organization benefits from the support of key employees who donate their time and expertise in real estate, legal, and management fields. The donated professional services were valued at $82,400 in 2022, contributing significantly to the organization's mission.
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Impact
October, 2024
Sage Collective Properties Inc plays a significant role in enhancing community well-being in Chicago through its dedicated efforts in real estate acquisition and renovation. By serving as a title holding company, SCPI focuses on acquiring properties that will be utilized for tax-exempt purposes, specifically aimed at addressing the housing needs of elderly and handicapped individuals.
The ongoing renovation of buildings at 4108 and 4112 South King Drive highlights SCPI's commitment to creating suitable living environments. As of December 31, 2022, 4112 South King Drive was 60% complete, with projected finishing in 2024, while plans for renovating 4108 South King Drive will move forward once construction challenges are resolved. These efforts are not only about providing physical spaces but also about improving the quality of life for residents by providing housing facilities that cater to their specific needs.
In 2022, SCPI incurred program service expenses focused on essential operational costs such as utilities and insurance, demonstrating their commitment to maintaining the properties effectively. The involvement of key employees, who generously donated their expertise in real estate, legal, and management services, added substantial value to SCPI's operations, further underscoring the collaborative spirit that fuels their mission.
Overall, Sage Collective Properties Inc's impact extends beyond property management; it embodies a vision of community improvement by ensuring that vulnerable populations have access to safe, dignified, and supportive housing.
This information is meant to be a general summary of Sage Collective Properties 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.
Assets and Liabilities:
- Total Assets: $1,204,878
- Total Liabilities: $0
- Net Assets: $1,204,878
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Organization Details
Founding Year
2020
Phone
(312) 528-3257Principal Officer
Donna M Gaines
Main Address
1136 S Delano Court APT B201, Chicago, IL, 60605
Website
www.sagecollective.orgNTEE Category
Code: S47 - Community improvement
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