Overview
What is Canyon Springs Marketplace Corp?
Canyon Springs Marketplace Corp is a corporation established with a specific purpose: to acquire and hold property in Riverside, California. The primary objective of this organization is to generate income, which is then distributed to its shareholder, which happens to be a pension plan. This corporation operates under the jurisdiction of San Mateo, California, with its official address at 2025 Pioneer Ct. Although it is classified as a corporation, its primary function aligns with some aspects of a nonprofit organization, as it focuses on acquiring property and generating income for the benefit of its shareholder.
Is Canyon Springs Marketplace Corp legitimate?
Canyon Springs Marketplace Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Canyon Springs Marketplace Corp 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 Canyon Springs Marketplace Corp?
Canyon Springs Marketplace Corp was established with a specific purpose. Its mission is centered around acquiring and holding title to a particular property, located in Riverside, California. The primary objective of this corporation is to generate income, which is then remitted to its shareholder, which happens to be a pension plan. The corporation's role is essentially to manage this property and ensure a steady income flow for the pension plan.
Who is the CEO of Canyon Springs Marketplace Corp?
Victor Kwok is the President, Chairman of Canyon Springs Marketplace Corp.
What is the revenue of Canyon Springs Marketplace Corp?
Canyon Springs Marketplace Corp's revenue in 2022 was -$275,085.
Who are the executives of Canyon Springs Marketplace Corp and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Canyon Springs Marketplace Corp?
Canyon Springs Marketplace Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canyon Springs Marketplace Corp
Canyon Springs Marketplace Corp, as a mission-driven entity, was established with a specific objective. Its primary purpose is to acquire and hold title to a property situated in Riverside, California. However, this corporation serves a unique role beyond simple property ownership. It functions as a remitting agent, channeling income generated from the property to a pension plan as its shareholder. This mission underscores Canyon Springs Marketplace Corp's commitment to providing financial support to its pension plan shareholder, thereby contributing to the retirement savings of its beneficiaries.
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Impact
October, 2024
Canyon Springs Marketplace Corp significantly impacts the Riverside, CA area by acquiring and holding property, which facilitates local economic activity and community development. By managing these assets effectively, the organization contributes to the stability and growth of the local real estate market. Additionally, the income generated from these properties flows to a pension plan, directly supporting the financial well-being of its beneficiaries. This approach not only bolsters individual livelihoods but also enhances community infrastructure and services, fostering an environment of improvement and support for local residents. Overall, Canyon Springs Marketplace Corp plays a vital role in promoting economic stability and community enhancement in its operating area.
This information is meant to be a general summary of Canyon Springs Marketplace Corp. 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: $29
- Gross Receipts: $62,788
Assets and Liabilities:
- Total Assets: $117,630,859
- Total Liabilities: $1,163,234
- Net Assets: $116,467,625
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Organization Details
Founding Year
1990
Phone
(650) 343-6333Principal Officer
Victor Kwok
Main Address
2025 Pioneer Ct, San Mateo, CA, 94403
NTEE Category
Code: S47 - Community improvement
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