MISSION
THE SPECIFIC PURPOSE OFTHIS CORPORATION IS TO HELP PROVIDE OPTIONS AND ALTERNATIVES FOR AFFORDABLE HOUSING FOR THE DISADVANTAGED, POOR AND OTHER PEOPLE IN NEED WITHIN THE UNITED STATESL40
DEMOGRAPHIC
ADDRESS
12401 ORANGE DR STE 222
33330
COUNTY
broward county, FL
IN CARE OF NAME
SCOTT E ITKIN
ORGANIZATIONAL OVERVIEW & RANKINGS
505 FOUNDATION INC is a based in DAVIE, FL, focused on Housing, Shelter causes , specifically Housing Development, Construction, Management. Established in June 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,537,479 among 2,656,690 nonprofits nationally (Top 96%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 134,447 out of 155,377 organizations in FL (Top 87%).
In broward county, FL, the organization ranks 15,194 out of 15,370 nonprofits by assets (Top 99%), while locally in davie, it stands at 632 among 755 organizations (Top 83%).
The organization reported no revenue in the most recent filing period, placing it at 2,013,820 nationally and 136,500 in FL.
Within its specific NTEE classification (L20 - L: Housing, Shelter), which includes 6,518 similar organizations, 505 FOUNDATION INC ranks 5,810 in assets (Top 90%) and 5,810 in revenue (Top 90%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L20: Housing Development, Construction, Management
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
06/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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