AI Summary
Colchester Properties Inc., a 501(c)(2) nonprofit organization, serves as a real estate holding company for Albion College, focusing on acquiring properties adjacent to the college for potential future development and expansion. With an operating budget of $125.1K and total revenue of $310.6K for the filing year 2024, the organization primarily relies on a significant single funder, which contributes approximately 46% of its revenue. The properties held may be rented to community members, or if unsuitable, may be razed and maintained as vacant land.
Mission Statement
501(C)(2) COLCHESTER PROPERTIES, INC. IS A REAL ESTATE HOLDING COMPANY FOR ALBION COLLEGE. ITS PURPOSE IS TO ACQUIRE PROPERTY ADJACENT TO ALBION COLLEGE PROPERTY FOR POSSIBLE FUTURE DEVELOPMENT AND EXPANSION OF THE COLLEGE. HELD PROPERTIES, IF POSSIBLE, ARE RENTED TO MEMBERS OF THE COMMUNITY, IF NOT SUITABLE THE STRUCTURES ARE RAZED AND HELD AS VACANT LAND.
Cause Areas
1
Real estate
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
ALBION COLLEGE
$143K
100%
Frequently Asked Questions
What is COLCHESTER PROPERTIES INC CO ALBION COLLEGE’s budget?
In 2024, COLCHESTER PROPERTIES INC CO ALBION COLLEGE reported an annual operating budget of around $125 thousand. More detailed financial information is available to registered users.
What causes does COLCHESTER PROPERTIES INC CO ALBION COLLEGE support?
COLCHESTER PROPERTIES INC CO ALBION COLLEGE supports work in Real estate.
Where does COLCHESTER PROPERTIES INC CO ALBION COLLEGE operate?
COLCHESTER PROPERTIES INC CO ALBION COLLEGE is headquartered in Albion, MI.
Who funded COLCHESTER PROPERTIES INC CO ALBION COLLEGE recently?
In 2016, COLCHESTER PROPERTIES INC CO ALBION COLLEGE received grants from ALBION COLLEGE, ALBION COLLEGE, and ALBION COLLEGE. More information on this organization’s funders is available to registered users.
What is the largest grant COLCHESTER PROPERTIES INC CO ALBION COLLEGE received in 2016?
The largest grant to COLCHESTER PROPERTIES INC CO ALBION COLLEGE in 2016 exceeds $40 thousand.