Overview
What is Foundation Realty?
Foundation Realty, based in Norfolk, Virginia, serves as a nonprofit organization that specializes in accepting and converting real property contributions into other investment assets. This conversion is done to support the charitable purposes of the organization it is associated with. By facilitating this process, Foundation Realty aims to contribute to the betterment of the supported organization's charitable endeavors.
Is Foundation Realty legitimate?
Foundation Realty is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Realty 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 Foundation Realty?
Foundation Realty's primary mission is to facilitate the conversion of real property donations into other investment assets, all in support of a charitable organization's noble cause. By doing so, they aim to contribute to the organization's charitable purposes in a unique and substantial way. This organization's work is centered around accepting and transforming real estate contributions, thereby expanding the organization's resources for their beneficial endeavors.
Who is the CEO of Foundation Realty?
Richard Matthews is the Director & Vice Chair of Foundation Realty. The CEO's salary of Foundation Realty is $0 and their total compensation is $383,648.
What is the revenue of Foundation Realty?
Foundation Realty's revenue in 2022 was $762,437.
Who are the executives of Foundation Realty and what are their salaries?
- Deborah M Dicroce (President, Secretary & Ceo) [Trustee/Director]
- Linda M Rice (Vice President Of Grant Ma)
- Richard Matthews (Cfo)
- Robin Foreman-Wheeler (Vice President For Adminis)
- Kay A Stine (Vice President Of Developm)
- Frank Batten Jr (Director & Vice Chair)
- Ld Britt Md (Director & Treasurer)
- Dawn S Glynn (Director)
- Thomas R Frantz (Director)
- Miles Leon (Director)
- Howard P Kern (Director)
- Sharon S Goodwyn (Director & Chair)
- Suzanne Puryear (Director)
- Lemuel E Lewis (Director)
- Cynthia C Romero Md (Director)
- Rony Thomas (Director)
- James A Squires (Director & Past Chair)
- Joan P Brock (Director)
- Hon Jerrauld D Jones (Director)
Where can I find the form 990 for Foundation Realty?
The Foundation Realty’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Foundation Realty
Foundation Realty, a charitable organization, is dedicated to transforming donated real estate into other investment assets. Their primary goal is to support the philanthropic objectives of the organization they serve, using real estate contributions as a means to generate funds for their charitable endeavors. By converting these properties into other investment assets, Foundation Realty contributes to the financial well-being of the supported organization, thereby enabling it to carry out its mission more effectively.
Impact
This information is meant to be a general summary of Foundation Realty. Please take the time to review official sources before making any decisions based upon the content provided here.
Tuesday, June 18, 2024
Foundation Realty's impact lies in its unique approach to accepting and converting contributions of real property into other investment assets for the benefit of supported organizations with charitable purposes. By specializing in this conversion process, Foundation Realty plays a crucial role in facilitating the growth and sustainability of charitable organizations, particularly in the realm of mental health support. Through its innovative model, Foundation Realty is able to maximize the potential of real property donations, ultimately amplifying the positive impact of these assets on the supported organizations and the communities they serve.
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.
- Assets and Liabilities:
Organization Details
Founding Year
2007
Phone
(757) 622-7951
Principal Officer
Richard Matthews
Main Address
101 W MAIN STREET 4500, NORFOLK, VA, 23510
NTEE Category
Code: F11 - Mental health
If you are a representative of Foundation Realty 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.