Overview
What is 1020 Iowa Avenue Inc?
1020 Iowa Avenue Inc is a nonprofit organization established primarily for the purpose of acquiring and maintaining property in Riverside, California. Its primary function involves collecting and distributing income generated from this property to its shareholder, which is a pension plan. This pension plan, in turn, benefits from the income generated by the property held by 1020 Iowa Avenue Inc. The organization's activities are focused on real estate ownership and income redistribution to its pension plan shareholder.
Is 1020 Iowa Avenue Inc legitimate?
1020 Iowa Avenue Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1020 Iowa Avenue 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
For more financial information, click here
What is the mission statement of 1020 Iowa Avenue Inc?
1020 Iowa Avenue Inc was established with the mission to acquire and hold title to property, specifically located in Riverside, CA. The primary objective of this company is to collect and forward the income generated from this property to its shareholder, which is a pension plan. This entity serves as a means to manage and generate income for the pension plan, providing financial benefits to its beneficiaries.
Who is the CEO of 1020 Iowa Avenue Inc?
Victor Kwok is the President & Chairman of 1020 Iowa Avenue Inc.
What is the revenue of 1020 Iowa Avenue Inc?
1020 Iowa Avenue Inc's revenue in 2022 was -$366,355.
Who are the executives of 1020 Iowa Avenue Inc and what are their salaries?
Here are 6 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 1020 Iowa Avenue Inc?
1020 Iowa Avenue Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1020 Iowa Avenue Inc
1020 Iowa Avenue Inc, as a nonprofit organization, was established with a specific mission. This mission involves acquiring and holding title to property, primarily located in Riverside, California. The primary objective of this property acquisition is not for personal gain or commercial purposes, but rather to collect and remit income to its shareholder - a pension plan. By performing this function, 1020 Iowa Avenue Inc plays a crucial role in providing financial support to its pension plan shareholder. This mission reflects the organization's dedication to financial stewardship and its commitment to supporting retirement savings for its associated pension plan.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
1020 Iowa Avenue Inc has made a significant impact by acquiring and managing property in Riverside, California. By holding title to these properties, the organization plays a crucial role in enhancing community stability and potential economic development in the area. The income generated from these properties is remitted to a pension plan, which aids in providing financial security for its beneficiaries.
This approach not only contributes to individual financial well-being but also supports the broader community through the responsible stewardship of real estate assets. The organization’s focus on community improvement underscores its commitment to fostering a sustainable environment that benefits both property stakeholders and the local economy. Through its targeted activities, 1020 Iowa Avenue Inc helps create a more stable and prosperous community in Riverside.
This information is meant to be a general summary of 1020 Iowa Avenue 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: -$463,731
- Gross Receipts: $16,906,435
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Phone
(650) 343-6333Principal Officer
Victor Kwok
Main Address
2025 PIONEER CT, SAN MATEO, CA, 94403
NTEE Category
Code: S47 - Community improvement
If you are a representative of 1020 Iowa Avenue Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.