Overview
What is Church Holdings Inc?
Church Holdings Inc is a 501(c)(2) nonprofit corporation located in ZEELAND, MI (49464). Its primary function is to manage property and generate income. The company collects earnings from this property and subsequently transfers the entire net income, except for covering expenses, to another organization that is also exempt under the Internal Revenue Code (IRC) 501(a). This philanthropic entity serves as a means to support and contribute to the activities of another tax-exempt organization.
Is Church Holdings Inc legitimate?
Church Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Church Holdings 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 Church Holdings Inc?
Church Holdings Inc is structured as a 501(c)(2) organization, with a specific purpose. Its primary role is to hold property titles and generate income from them. The corporation then transfers the net income, after deducting expenses, to another organization that holds a tax-exempt status under the Internal Revenue Code 501(a). This organization serves as a recipient for the income collected by Church Holdings Inc. The corporation's mission essentially revolves around managing property and income for the benefit of another tax-exempt organization.
Who is the CEO of Church Holdings Inc?
Adam Grill is the President of Church Holdings Inc.
What is the revenue of Church Holdings Inc?
Church Holdings Inc's revenue in 2022 was $42,423.
Who are the executives of Church Holdings 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 Church Holdings Inc?
Church Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Church Holdings Inc
Church Holdings Inc, as a 501(c)(2) organization, is established with a specific mission. Its primary objective is to serve as a property title holder, collecting any income generated from these properties. This corporation then proceeds to transfer the net income, after deducting expenses, to another organization that falls under the exempt category of IRC 501(a). In essence, Church Holdings Inc plays a crucial role in managing property investments, generating income, and then contributing a significant portion of it to a charitable organization.
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Impact
October, 2024
Church Holdings Inc plays a significant role in the community by effectively managing property assets and generating income that supports other exempt organizations. By holding title to real estate, the organization ensures that these properties are utilized effectively, contributing to the overall economic health of the community in Zeeland, MI. The income generated from these properties is funneled to other charitable entities, amplifying the impact of resources and facilitating ongoing community improvement efforts.
This model helps streamline the management of property assets while maximizing the financial support to organizations dedicated to serving the community. As a result, Church Holdings Inc not only enhances the viability of various initiatives but also fosters an environment where community-focused efforts can thrive, ultimately leading to improvements in local infrastructure and services.
This information is meant to be a general summary of Church Holdings 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.
- Investment Income: $42,423
- Gross Receipts: $1,091,547
Assets and Liabilities:
- Total Assets: $1,606,052
- Total Liabilities: $0
- Net Assets: $1,606,052
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Organization Details
Founding Year
2021
Phone
(616) 283-2696Principal Officer
Adam Grill
Main Address
PO BOX 58, ZEELAND, MI, 49464
NTEE Category
Code: S47 - Community improvement
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