Overview
What is Fedc Nmtc Llc?
Fedc Nmtc Llc is a nonprofit organization headquartered in Chicago, Illinois (60637). Their primary mission involves acquiring real property, holding the title, and collecting income from it. They are unique as they remit the entire amount gathered to their two charitable owners, both of which are recognized under IRC Section 501(C)(3). Their operations revolve around real estate management and income distribution to their nonprofit partners.
Is Fedc Nmtc Llc legitimate?
Fedc Nmtc Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Fedc Nmtc Llc 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.
Here 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 Fedc Nmtc Llc?
The Fedc Nmtc Llc is involved in the acquisition, holding of title, and collection of income from real property. The entire income generated from these activities is remitted to its two owners, both of whom are recognized as IRC Section 501(C)(3) organizations. This entity functions as a conduit, facilitating the financial growth of these charitable organizations by managing real estate holdings and distributing the resulting revenues to them. The mission of Fedc Nmtc Llc can be understood as providing a means for the growth and sustainability of its charitable owners through real estate transactions.
Who is the CEO of Fedc Nmtc Llc?
Janet Hoffman is the President & Member of Fedc Nmtc Llc.
What is the revenue of Fedc Nmtc Llc?
Fedc Nmtc Llc's revenue in 2020 was $23,228,536.
Who are the executives of Fedc Nmtc Llc and what are their salaries?
- James A Steinback (President & Member) [Trustee/Director]
- Theodore E Cornell Iii (Vp & Member) [Trustee/Director]
- Janet Goelz Hoffman (Member) [Trustee/Director]
Where can I find the form 990 for Fedc Nmtc Llc?
The Fedc Nmtc Llc’s most recent form 990 was submitted in 2020 and can be accessed here
Mission Statement of Fedc Nmtc Llc
Fedc Nmtc Llc, a unique entity, is dedicated to acquiring, holding title, and collecting income from real property. This entity's primary mission is to remit the entire amount it earns to its two owners, both of whom are recognized as IRC Section 501(C)(3) organizations. In simpler terms, Fedc Nmtc Llc serves as a real estate holding company, passing on all income generated from the sale and rental of properties directly to its nonprofit owners. This financial arrangement allows the owners to expand their resources and further advance their respective missions. The income generated from the real estate holdings can be utilized by the nonprofit organizations to support their causes, provide essential services, and carry out their respective activities. Fedc Nmtc Llc's role is crucial in facilitating the growth and sustainability of its nonprofit partners by managing their real estate assets effectively.
Impact
This information is meant to be a general summary of Fedc Nmtc Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Fedc Nmtc Llc's impact lies in community improvement through its activities of acquiring, holding title, and collecting income from real property. This organization operates with a mission to remit the entire amount to its two owners, both of which are IRC Section 501(c)(3) organizations. By facilitating the management and distribution of income from real estate investments, Fedc Nmtc Llc contributes to the financial sustainability and growth of its nonprofit beneficiaries, ultimately supporting their charitable endeavors and initiatives. The organization's focus on channeling resources towards charitable causes underscores its commitment to fostering positive change and making a tangible difference in the communities it serves.
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 2020.
- Assets and Liabilities:
Organization Details
Founding Year
2010
Phone
(773) 420-2883
Principal Officer
Janet Hoffman
Main Address
6254 S ELLIS AVENUE, CHICAGO, IL, 60637
NTEE Category
Code: S470 - Community improvement
If you are a representative of Fedc Nmtc Llc 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.