Overview
What is Delta Iota Building Company?
Delta Iota Building Company is a nonprofit organization situated in El Segundo, California. Its primary focus is on providing housing facilities for UCLA students. The organization generates excess revenues over expenses during a twelve-month period, which it utilizes for maintaining and improving the facility. The remaining funds, if any, are held in reserve for major repairs, annual insurance, and property taxes, per the organization's constitution and bylaws. These funds cannot be allocated for any other purpose.
Is Delta Iota Building Company legitimate?
Delta Iota Building Company is a legitimate nonprofit organization registered as a 501(c)(7) entity. Delta Iota Building Company 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 Delta Iota Building Company?
Delta Iota Building Company's primary mission is to provide housing for students attending UCLA. The organization generates excess revenues over expenses during a twelve-month period, as indicated by the net rental income on Line 6c Part VIII, which is then utilized for maintenance and improvements of the facility. Any remaining funds, if any, are held in reserve for major repairs, annual insurance, and property taxes. These funds are restricted and cannot be used for any other purpose, as per the stipulations in Article VIII of the corporation's constitution and bylaws.
Who is the CEO of Delta Iota Building Company?
Craig Weinstein is the President of Delta Iota Building Company.
What is the revenue of Delta Iota Building Company?
Delta Iota Building Company's revenue in 2022 was $21,461.
Who are the executives of Delta Iota Building Company and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
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Where can I find the form 990 for Delta Iota Building Company?
Delta Iota Building Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delta Iota Building Company
Delta Iota Building Company, a nonprofit organization, is dedicated to providing housing for UCLA students. The primary focus of its operations is to generate excess revenues over expenses during a twelve-month period, as indicated by the net rental income on Line 6c Part VIII. This surplus revenue is then utilized for maintaining and enhancing the facility's condition. The organization reserves any remaining funds for major repairs, annual insurance, and property taxes. As per Article VIII of its constitution and bylaws, these funds cannot be allocated for any other purpose. In essence, Delta Iota Building Company's mission is to ensure the comfort and safety of UCLA students through well-maintained housing, while responsibly managing its finances.
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Impact
October, 2024
Delta Iota Building Company significantly impacts the UCLA student community by providing essential housing services. Located in El Segundo, California, the organization focuses on offering a dedicated living space for students, ensuring that they have a stable and supportive environment in which to thrive academically. Through its operations, the company generates net rental income, which directly supports the maintenance and improvement of its housing facilities.
This financial model allows Delta Iota Building Company to prioritize the upkeep of its properties, guaranteeing that residents benefit from safe and well-maintained accommodations. Furthermore, any surplus funds are strategically reserved for crucial expenses such as major repairs, insurance, and property taxes, thus ensuring ongoing support for the housing infrastructure. This commitment not only enhances the quality of life for UCLA students but also fosters a sense of community, enabling residents to engage more fully in their university experience.
This information is meant to be a general summary of Delta Iota Building Company. 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: $10,492
- Gross Receipts: $332,492
Assets and Liabilities:
- Total Assets: $776,904
- Total Liabilities: $0
- Net Assets: $776,904
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Organization Details
Founding Year
1990
Phone
(310) 798-4940Principal Officer
Craig Weinstein
Main Address
2381 ROSECRANS AVENUE 405, EL SEGUNDO, CA, 90245
NTEE Category
Code: A60 - Arts
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