Portola Ave 39800 Corp

Organization Overview

Portola Ave 39800 Corp is located in San Mateo, CA. The organization was established in 2014. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. Portola Ave 39800 Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

FORMED TO ACQUIRE AND HOLD TITLE TO PROPERTY IN PALM DESERT, CA AND TO COLLECT AND REMIT INCOME TO THE SHAREHOLDER, A PENSION PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FORMED TO ACQUIRE AND HOLD TITLE TO PROPERTY IN PALM DESERT, CA AND TO COLLECT AND REMIT INCOME TO THE SHAREHOLDER, A PENSION PLAN.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $18,797
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$61,186
Net Gain/Loss on Asset Sales $2,065,607
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,033,233

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