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Canton Properties Inc

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

EIN: 752809679 ✦ Lakeway, TX ✦ Designated as a 501(c)(3)

Overview

What is Canton Properties Inc?

Canton Properties Inc is a nonprofit organization situated in Lakeway, Texas, specifically at 317 Martinique Pass. Their primary mission is to develop, rehabilitate, or acquire housing for individuals and families with low and very-low income levels. The organization is committed to creating safe and decent living environments in areas with a high concentration of such individuals, ensuring they have access to affordable housing. Their project, a 232-unit apartment complex, is a testament to their dedication to this cause. Canton Properties Inc aims to improve the living conditions of those in need, contributing to the betterment of their communities.


Is Canton Properties Inc legitimate?

Canton Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canton Properties 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,923

For more financial information, click here


What is the mission statement of Canton Properties Inc?
Who is the CEO of Canton Properties Inc?
What is the revenue of Canton Properties Inc?
Who are the executives of Canton Properties Inc and what are their salaries?
Where can I find the form 990 for Canton Properties Inc?

Mission Statement of Canton Properties Inc

Canton Properties Inc, a nonprofit organization, is committed to developing, rehabilitating, or acquiring housing for individuals and families who fall under the low and very-low income brackets. The organization's mission is to create a safe and decent living environment in areas and communities where such individuals are concentrated. By providing them with affordable housing, Canton Properties Inc aims to enhance their quality of life and contribute to the overall betterment of these communities. The organization's operations focus on direct costs associated with the development, rehabilitation, and management of these housing units. As of now, they are working on a 232-unit apartment project.

Impact

This information is meant to be a general summary of Canton Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Canton Properties Inc's impact is significant as it focuses on developing, rehabilitating, and managing housing for low and very-low income individuals. By creating safe and affordable housing options, the organization contributes to improving the living conditions of individuals and families in communities where there is a concentration of low-income residents. This effort not only addresses the immediate need for shelter but also promotes a sense of safety and decency in these areas. Through its dedicated mission, Canton Properties Inc plays a crucial role in supporting vulnerable populations and providing them with a secure and affordable place to call home.





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: $292
  • Program Service Revenue: $2,672,098
  • Gross Receipts: $2,672,390

    • Assets and Liabilities:
  • Total Assets: $7,418,846
  • Total Liabilities: $12,312,298
  • Net Assets: -$4,893,452
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT REVENUE

    Revenue

    $2,672,098

    Organization Details

    Founding Year

    1999

    Principal Officer

    Robbie Wittner Kitchen

    Main Address

    317 MARTINIQUE PASS, LAKEWAY, TX, 78734

    NTEE Category

    Code: P81 - Human services

    If you are a representative of Canton Properties Inc 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.