Overview
What is Ser Holdings Inc?
Ser Holdings Inc is a corporation situated in Fresno, California, primarily functioning as a property title holder for its parent nonprofit organization. The primary purpose of Ser Holdings is to generate income from these properties and subsequently transfer the proceeds, minus expenses, to its parent organization. The parent organization then utilizes these funds to develop and provide affordable housing opportunities for the residents of California. Ser Holdings Inc plays a crucial role in supporting the mission of its parent nonprofit by ensuring a steady income stream for the development and provision of affordable housing.
Is Ser Holdings Inc legitimate?
Ser Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ser 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ser Holdings Inc?
Ser Holdings Inc's mission is centered around providing affordable housing for citizens in need. By holding title to property, the corporation generates income, which is then transferred to its parent nonprofit organization. This organization utilizes these funds to develop and make available low-income housing options. Essentially, Ser Holdings Inc plays a crucial role in addressing housing affordability issues, contributing to the betterment of the community.
Who is the CEO of Ser Holdings Inc?
Jesus Padron is the CEO of Ser Holdings Inc The CEO's salary of Ser Holdings Inc is $0 and their total compensation is $121,803.
What is the revenue of Ser Holdings Inc?
Ser Holdings Inc's revenue in 2023 was $2,290,859.
Who are the executives of Ser Holdings Inc and what are their salaries?
Here are 10 key members and their salaries (Ser Holdings Inc's CEO's salary is $0 and their total compensation is $121,803):
- Compensation: $0
- Related: $121,803
- Other: $0
- Compensation: $0
- Related: $101,864
- Other: $0
- Compensation: $0
- Related: $90,040
- Other: $0
- Compensation: $0
- Related: $3,701
- Other: $0
- Compensation: $0
- Related: $1,200
- Other: $0
- Compensation: $0
- Related: $1,200
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $900
- Other: $0
- Compensation: $0
- Related: $900
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
Where can I find the form 990 for Ser Holdings Inc?
Ser Holdings Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ser Holdings Inc
Ser Holdings Inc, as a corporation, is dedicated to furthering the mission of its parent nonprofit organization. This mission revolves around providing affordable housing solutions for citizens living in poverty within the State of California. The corporation holds the title to various properties and collects income from them. After covering necessary expenses, the corporation transfers the remaining funds to its parent organization. This nonprofit organization then utilizes these funds to develop and maintain low-income housing options, ensuring that the less fortunate have access to suitable living accommodations. By engaging in this activity, Ser Holdings Inc plays a crucial role in supporting its parent organization's mission to improve living conditions for low-income individuals within California.
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Impact
October, 2024
Ser Holdings Inc plays a crucial role in addressing the affordable housing crisis in California by facilitating the development and management of low-income housing. By holding property titles and collecting income, the organization supports its parent nonprofit in channeling resources specifically toward creating and maintaining affordable housing options. This initiative directly impacts low-income citizens in the state, contributing to community stability and improvement. Through its efforts, Ser Holdings Inc not only aids in meeting immediate housing needs but also fosters long-term growth and sustainability in underserved areas of California, particularly in Fresno.
This information is meant to be a general summary of Ser 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 2023.
- Program Service Revenue: $2,290,859
- Gross Receipts: $2,290,859
Assets and Liabilities:
- Total Assets: $10,465,523
- Total Liabilities: $10,316,192
- Net Assets: $149,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rents-Low Income Tenants
Revenue
$2,290,859
Organization Details
Founding Year
2021
Principal Officer
Jesus Padron
NTEE Category
Code: S47 - Community improvement
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