Overview
What is Arbac Properties Inc?
Arbac Properties Inc, based in New Orleans, Louisiana, is a 501(c)(2) nonprofit organization. Its primary function is to serve as a property title holder, as indicated by its mission statement and organizational status under the Internal Revenue Code. This role likely involves managing and maintaining real estate properties on behalf of other entities. While the specific nature and scope of Arbac Properties Inc's activities are not explicitly stated, its status as a nonprofit organization suggests it may serve a community or charitable purpose, such as providing affordable housing or preserving historical landmarks. However, without additional information, the exact mission and activities of Arbac Properties Inc remain unclear.
Is Arbac Properties Inc legitimate?
Arbac Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Arbac 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.
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What is the mission statement of Arbac Properties Inc?
Arbac Properties Inc, as per its organization under the Internal Revenue Code Section 501(C)(2), is primarily established with the purpose of holding title to property. While this information does not provide a traditional mission statement focusing on societal impact or services, it implies that Arbac Properties Inc plays a role in property management or real estate ownership, aiming to secure property titles for potential purposes. However, without further details, the specific activities or goals beyond property title holding remain unclear.
Who is the CEO of Arbac Properties Inc?
Catherine Thomson is the President of Arbac Properties Inc.
What is the revenue of Arbac Properties Inc?
Arbac Properties Inc's revenue in 2022 was $63,283.
Who are the executives of Arbac Properties Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Arbac Properties Inc?
Arbac Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arbac Properties Inc
Arbac Properties Inc, as per its organization under the Internal Revenue Code Section 501(C)(2), has a primary mission to hold title to property. This mission is crucial for the organization, as it allows Arbac Properties Inc to manage and oversee property-related matters effectively. By holding title to property, the organization can ensure its proper management and utilization, contributing to its overall objectives and goals. This mission is fundamental to Arbac Properties Inc's operations, enabling it to play a significant role in property management within its sphere of influence.
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Impact
October, 2024
Arbac Properties Inc plays a significant role in community improvement by managing and holding title to properties in New Orleans, Louisiana. Its activities contribute to local development and preservation efforts, allowing for better utilization of real estate to support various community initiatives. By holding property titles, Arbac Properties Inc can facilitate the transformation of spaces for community benefit, thereby enhancing the overall quality of life in the area. This impact extends to providing opportunities for revitalization, addressing housing needs, and fostering a sense of community through well-managed and purpose-driven property use.
This information is meant to be a general summary of Arbac 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.
- Program Service Revenue: $25,000
- Gross Receipts: $63,283
Assets and Liabilities:
- Total Assets: $2,227,434
- Total Liabilities: $0
- Net Assets: $2,227,434
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$25,000
Organization Details
Founding Year
2020
Phone
(504) 934-1491Principal Officer
Catherine Thomson
Main Address
7701 WALMSLEY AVENUE, NEW ORLEANS, LA, 70125
NTEE Category
Code: S47 - Community improvement
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