Guilford Glazer Properties Inc

Organization Overview

Guilford Glazer Properties Inc is located in Beverly Hills, CA. 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. As of 12/2022, Guilford Glazer Properties Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guilford Glazer Properties Inc 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

GUILFORD GLAZER PROPERTIES, INC. IS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE DIANE AND GUILFORD GLAZER FOUNDATION. GUILFORD GLAZER PROPERTIES, INC. IS THE COMMON PAYMASTER FOR ITS PARENT THE DIANE AND GUILFORD GLAZER FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATED PROPERTIES OF THE ORGANIZATION, COLLECTED INCOME FROM SAID PROPERTIES, WITH ALL NET INCOME TO GO TO THE DIANE AND GUILFORD GLAZER FOUNDATION. THERE WAS AN OVERALL NET LOSS IN 2022 AFTER CONSIDERING PROPERTY DISPOSITONS. AS SUCH, NO AMOUNTS REPRESENTING EARNINGS AND PROFITS WERE DISTRIBUTED TO THE DIANE AND GUILDFORD GLAZER FOUNDATION PRIOR TO THE FILING OF THIS RETURN RELATED TO TAX YEAR 2022.


GUILFORD GLAZER PROPERTIES, INC. IS THE COMMON PAYMASTER FOR ITS PARENT THE DIANE AND GUILFORD GLAZER FOUNDATION


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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 $41,675
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,058,432
Net Gain/Loss on Asset Sales -$31,704,957
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$25,604,850

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