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HERZSTEIN INVESTMENTS INC

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Public IRS 990 nonprofit record

HERZSTEIN INVESTMENTS INC

EIN 76-0694434 · Real Estate Associations (S47)

What they do

THE CORPORATION HOLDS TITLE to REAL PROPERTY, COLLECTS INCOME THERE FROM and TURNS OVER ALL SUCH INCOME (LESS EXPENSES) to AN AFFILIATED 501(C)(3) ORGANIZATION.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$100.00spent for every $100 of revenueRevenue covered expenses this year.
$8.38in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $345,000 for RICHARD PENNINGTON (GENERAL MANAGER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$8,572,910
Expenses$8,572,910
See all reported dollar amounts
Revenue$8,572,910
Expenses$8,572,910
Assets$71,811,273
Income$20,565,408
Accounting fees$8,770
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
RICHARD PENNINGTONGENERAL MANAGER · 50 hrs/week $345,000Base $300,000 · Other $45,000
LUDEK KOLECKARREAL ESTATE SUPERINTENDENT · 40 hrs/week $133,429Base $116,025 · Other $17,404
JUSTINA RENEE MASARYKPRESIDENT · 12 hrs/week $107,688Base $75,125 · Other $32,563
MARISSA CUTAIACONTROLLER · 12 hrs/week $74,476Base $49,650 · Other $24,826
BRYAN MILLERVICE PRESIDENT · 1 hrs/week $10,000
CRAIG LOEWENSTERNCHAIRMAN · 1 hrs/week $10,000
GEORGE W STRAKE IIISECRETARY/TREASURER · 1 hrs/week $10,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

RICHARD PENNINGTONGENERAL MANAGER

LUDEK KOLECKARREAL ESTATE SUPERINTENDENT

JUSTINA RENEE MASARYKPRESIDENT

MARISSA CUTAIACONTROLLER

BRYAN MILLERVICE PRESIDENT

CRAIG LOEWENSTERNCHAIRMAN

GEORGE W STRAKE IIISECRETARY/TREASURER

About this charity

Recognized since
January 2002
Location
6131 WESTVIEW DR, HOUSTON, TX 77055-5421
County
Harris
In care of
% L MICHAEL HAJTMAN
Primary officer
JUSTINA RENEE MASARYK, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
LAPORTE APAC
NTEE classification
Real Estate Associations (S47)
IRS tax category
Real Estate Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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