Overview
What is Guilford Glazer Properties Inc?
Guilford Glazer Properties Inc, established in Beverly Hills, California, serves as a holding entity for properties. Its primary function is to generate income from these properties, subsequently transferring the entire net income, after deducting expenses, to the Diane and Guilford Glazer Foundation. Operating as the common paymaster for its parent organization, Guilford Glazer Properties Inc plays a crucial role in supporting the Foundation's initiatives. The company employs a team of 12 individuals to manage its operations.
Is Guilford Glazer Properties Inc legitimate?
Guilford Glazer Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Guilford Glazer 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: $740,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,144
For more financial information, click here
What is the mission statement of Guilford Glazer Properties Inc?
Guilford Glazer Properties Inc. is primarily established with the objective of holding property titles and generating income from them. This income, after deducting expenses, is then transferred to the Diane and Guilford Glazer Foundation. Furthermore, Guilford Glazer Properties Inc. serves as the common paymaster for its parent organization, the Diane and Guilford Glazer Foundation. In simpler terms, the company's main function is to manage properties and distribute the income generated, with the remaining funds being directed to the Guilford Glazer Foundation.
What is the revenue of Guilford Glazer Properties Inc?
Guilford Glazer Properties Inc's revenue in 2023 was $6,844,214.
Who are the executives of Guilford Glazer Properties Inc and what are their salaries?
The average compensation at Guilford Glazer Properties Inc during 2023 was $73,610. There are 12 employees at Guilford Glazer Properties Inc.
Here are 6 key members and their salaries:
- Compensation: $740,170
- Related: $1,290,672
- Other: $99,577
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Guilford Glazer Properties Inc?
Guilford Glazer Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Guilford Glazer Properties Inc
Guilford Glazer Properties Inc is established with a singular purpose: to serve as a property holding entity. The organization's primary role is to acquire and manage properties, generating income from these assets. This income is then channeled to its parent organization, the Diane and Guilford Glazer Foundation, after deducting any associated expenses. Guilford Glazer Properties Inc also functions as the common paymaster for the Diane and Guilford Glazer Foundation, facilitating the financial transactions between the two entities. In essence, Guilford Glazer Properties Inc plays a crucial role in the financial management of the Diane and Guilford Glazer Foundation, enabling it to carry out its own philanthropic activities.
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Impact
October, 2024
Guilford Glazer Properties Inc plays a significant role in supporting the Diane and Guilford Glazer Foundation by managing property assets and ensuring that income generated from these properties is allocated towards charitable endeavors. The company focuses exclusively on holding title to properties, collecting rental income, and facilitating the financial transfer of net profits—after expenses—to the foundation.
Although the organization experienced a net loss in 2022, it continues to operate with the mission of contributing to community improvement through its affiliation with the foundation. By managing the financial aspects of property ownership, Guilford Glazer Properties helps sustain the charitable work of the Diane and Guilford Glazer Foundation, thereby impacting various community initiatives and projects. The effective management of these assets is crucial in maintaining the foundation's ability to fulfill its philanthropic objectives.
This information is meant to be a general summary of Guilford Glazer 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 2023.
- Investment Income: $169,648
- Gross Receipts: $10,913,085
Assets and Liabilities:
- Total Assets: $115,017,701
- Total Liabilities: $468,884
- Net Assets: $114,548,817
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Organization Details
Founding Year
2020
NTEE Category
Code: S47 - Community improvement
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