Overview
What is Mt Verstovia Building Corporation?
Mt Verstovia Building Corporation serves as a title-holding company for an exempt organization, specifically the Most Worshipful Grand Lodge of Free Masons, Mt Verstovia Lodge. The corporation's primary mission is to manage a building, generating net rent proceeds. These earnings are then channeled towards funding community services for the affiliated exempt organization. Based in Sitka, Alaska, with an address at 313B Lake Street, this nonprofit organization plays a crucial role in supporting local community initiatives.
Is Mt Verstovia Building Corporation legitimate?
Mt Verstovia Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mt Verstovia Building Corporation 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 Mt Verstovia Building Corporation?
The Mt Verstovia Building Corporation's mission involves managing a building, with the net rent proceeds being passed on to a related exempt organization. This contribution is aimed at funding community services. In essence, the corporation serves as a title holding company for an exempt organization, such as the Most Worshipful Grand Lodge of Free Masons, using the income generated from the managed property to support various community initiatives.
Who is the CEO of Mt Verstovia Building Corporation?
Darrell Windsor is the Chair of Mt Verstovia Building Corporation.
What is the revenue of Mt Verstovia Building Corporation?
Mt Verstovia Building Corporation's revenue in 2022 was -$6,143.
Who are the executives of Mt Verstovia Building Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mt Verstovia Building Corporation?
Mt Verstovia Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Verstovia Building Corporation
Mt Verstovia Building Corporation, serving as a title-holding company, is dedicated to managing a building with the aim of utilizing the net rent proceeds. This revenue is then passed on to a related exempt organization, with the primary purpose of funding community services. By doing so, the corporation plays a crucial role in supporting various community initiatives, ensuring that the funds raised from the property's rental income contribute positively to the well-being of the community. The organization's mission is aligned with the Most Worshipful Grand Lodge of Free Masons, Mt Verstovia Lodge, further underscoring its commitment to community service and charitable causes.
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Impact
October, 2024
Mt Verstovia Building Corporation plays a crucial role in fostering community services in Sitka, Alaska, by effectively managing its building resources. By channeling net rent proceeds to a related organization, it provides essential funding that supports various initiatives and programs aimed at improving the community. This strategic approach not only ensures the maintenance and utilization of the property but also enhances the overall well-being of the community through the services funded. The partnership with the Most Worshipful Grand Lodge of Free Masons further underscores its commitment to community improvement and engagement, making it a pivotal entity in local development efforts.
This information is meant to be a general summary of Mt Verstovia Building Corporation. 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: $24
- Gross Receipts: $46,224
Assets and Liabilities:
- Total Assets: $244,763
- Total Liabilities: $0
- Net Assets: $244,763
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Organization Details
Phone
(907) 747-8903Principal Officer
Darrell Windsor
Main Address
313B LAKE STEET, SITKA, AK, 99835
NTEE Category
Code: S47 - Community improvement
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