Overview
What is Maui Marketplace Investment Group Inc?
Maui Marketplace Investment Group Inc is a nonprofit organization that primarily focuses on acquiring real estate properties. The primary beneficiary of the net income generated from these properties is a tax-exempt entity named the Alaska Permanent Fund. In 2022, Maui Marketplace Investment Group did not distribute any of its earnings. The organization operates rental properties on behalf of its tax-exempt shareholder, managing these properties effectively without any distributions.
Is Maui Marketplace Investment Group Inc legitimate?
Maui Marketplace Investment Group Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Maui Marketplace Investment Group 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:
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What is the mission statement of Maui Marketplace Investment Group Inc?
Maui Marketplace Investment Group's primary mission is to acquire real estate properties. The company then remits the net income generated from these properties to its tax-exempt shareholders, specifically the Alaska Permanent Fund. Notably, Maui Marketplace Investment Group did not make any distributions in 2022 while managing its rental real estate property for its shareholder.
Who is the CEO of Maui Marketplace Investment Group Inc?
Lawrence Christensen is the President of Maui Marketplace Investment Group Inc.
What is the revenue of Maui Marketplace Investment Group Inc?
Maui Marketplace Investment Group Inc's revenue in 2022 was -$529,059.
Who are the executives of Maui Marketplace Investment Group Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Maui Marketplace Investment Group Inc?
Maui Marketplace Investment Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maui Marketplace Investment Group Inc
Maui Marketplace Investment Group, as a nonprofit organization, is dedicated to acquiring real estate properties. Its primary objective is to generate net income, which it then remits to its tax-exempt shareholder, the Alaska Permanent Fund. In this capacity, Maui Marketplace Investment Group operates rental properties, fulfilling its role as a landlord for its tax-exempt shareholder. Notably, the organization did not make any distributions in the year 2022. By acquiring and managing real estate properties, Maui Marketplace Investment Group contributes to the financial well-being of its tax-exempt shareholder, thereby playing a significant role in the financial sector.
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Impact
October, 2024
Maui Marketplace Investment Group Inc plays a significant role in community enhancement by focusing on the acquisition and management of rental real estate properties. By remitting net income to its tax-exempt shareholders, specifically the Alaska Permanent Fund, the organization supports an ongoing cycle of investment that can lead to further community development.
Through its activities in Chicago, Maui Marketplace Investment Group contributes to the local economy by providing rental properties that likely offer housing solutions and create jobs associated with property management and maintenance. While it did not make any distributions in 2022, the operational focus on real property suggests a commitment to sustainable management practices that can benefit both the community and its shareholders in the long run.
Overall, the organization embodies a strategic approach to fostering economic stability, promoting community improvement, and ensuring that its financial activities circulate within the framework of tax-exempt initiatives that can lead to broader benefits.
This information is meant to be a general summary of Maui Marketplace Investment Group 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: $608
- Gross Receipts: $3,598,231
Assets and Liabilities:
- Total Assets: $51,860,019
- Total Liabilities: $41,436,014
- Net Assets: $10,424,005
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Organization Details
Founding Year
2000
Phone
(312) 251-4827Principal Officer
Lawrence Christensen
Main Address
110 N Wacker Drive Suite 4000, CHICAGO, IL, 60606
NTEE Category
Code: S47 - Community improvement
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