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Foundation Realty

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 651317338 ✦ Norfolk, VA ✦ Designated as a 501(c)(3)

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?
Who is the CEO of Foundation Realty?
What is the revenue of Foundation Realty?
Who are the executives of Foundation Realty and what are their salaries?
Where can I find the form 990 for Foundation Realty?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $762,437
  • Program Service Revenue: $0
  • Gross Receipts: $762,437

    • Assets and Liabilities:
  • Total Assets: $1,862,370
  • Total Liabilities: $0
  • Net Assets: $1,862,370
  • Organization Details

    Founding Year

    2007

    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.