NHYC PROPERTIES INC — Dossier

activities · 1 group

What they do

Nonprofit Real Estate Holding 1 activity
- Owns and manages real property for New Hamburg Yacht Club
  
  Owns, maintains, and operates real property used by the New Hamburg Yacht Club, provides landlord services, collects rental income, and remits all net income to the club for its exempt purposes.

financials · form 990EZ · fy2024

revenue

Total revenue$196K

Contributions & grants——

Program service revenue——

Investment income$16K8%

Other revenue$179K

expenses

Total expenses$19K

Program expenses—

Admin / overhead—

Fundraising—

Salaries & benefits—

Grants paid out—

balance sheet

Total assets$486K

Cash—

Investments—

Liabilities—

Net assets$454K

1 years on record · 2024–2024

leadership · form 990 part vii · fy2024

board members · 3

relationships · 1

New Hamburg Yacht Club Partner — Receives real property support and annual remittance of net income from NHYC Properties Inc for its exempt purposes.

strategies · 1

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

Title-Holding for Exempt Purposes 39 orgs

methodology: title_holding_structure
By serving as a title-holding entity under IRC 501(c)(2), the organization owns and manages real property to channel net income toward supporting the exempt purposes of a related organization, ensuring alignment with tax-exempt goals through controlled asset stewardship.
shared approach: Real Estate Holding for Mission Support →