Overview
What is 11-13 E 26 St Holding Corp C/O Hirschell E Levine?
11-13 E 26 St Holding Corp C/O Hirschell E Levine is a corporation established primarily for the sole purpose of managing property. It generates income from this property and subsequently transfers the entire income, minus expenses, to the Beatrice & Samuel Seaver Foundation. This foundation, classified as an exempt organization under IRC Section 501(c)(3), is utilized as the ultimate recipient of the corporation's earnings. The corporation's main function is to serve as a title holder and income collector, with the proceeds benefiting the exempt foundation.
Is 11-13 E 26 St Holding Corp C/O Hirschell E Levine legitimate?
11-13 E 26 St Holding Corp C/O Hirschell E Levine is a legitimate nonprofit organization registered as a 501(c)(2) entity. 11-13 E 26 St Holding Corp C/O Hirschell E Levine submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 11-13 E 26 St Holding Corp C/O Hirschell E Levine?
The 11-13 E 26 St Holding Corp, with Hirschell E Levine serving as its point of contact, was established for a specific purpose. Its primary objective is to hold property titles and generate income from these properties. The corporation then proceeds to transfer the entire income, after subtracting expenses, to the Beatrice & Samuel Seaver Foundation. This foundation, being an exempt organization under IRC Section 501 (C) (3), utilizes the funds for its charitable activities. In essence, the holding corporation serves as a financial intermediary, supporting the mission of the Beatrice & Samuel Seaver Foundation.
Who is the CEO of 11-13 E 26 St Holding Corp C/O Hirschell E Levine?
Hirschell Levine is the Trustee of 11-13 E 26 St Holding Corp C/O Hirschell E Levine.
What is the revenue of 11-13 E 26 St Holding Corp C/O Hirschell E Levine?
11-13 E 26 St Holding Corp C/O Hirschell E Levine's revenue in 2022 was $412,608.
Who are the executives of 11-13 E 26 St Holding Corp C/O Hirschell E Levine and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $438,389
- Other: $0
- Compensation: $0
- Related: $438,389
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 11-13 E 26 St Holding Corp C/O Hirschell E Levine?
11-13 E 26 St Holding Corp C/O Hirschell E Levine's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 11-13 E 26 St Holding Corp C/O Hirschell E Levine
11-13 E 26 St Holding Corp C/O Hirschell E Levine was established with a specific purpose: to hold property titles and generate income from these properties. The corporation then transfers the entire income it earns, minus any expenses, to the Beatrice & Samuel Seaver Foundation. This foundation, being an exempt organization under IRC Section 501 (C) (3), utilizes these funds for charitable activities. In essence, 11-13 E 26 St Holding Corp C/O Hirschell E Levine serves as a financial intermediary, channeling resources from its property-related income to the Beatrice & Samuel Seaver Foundation for its charitable endeavors.
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Impact
October, 2024
11-13 E 26 St Holding Corp C/O Hirschell E Levine plays a crucial role in facilitating community improvement efforts through its financial mechanisms. The corporation is dedicated to holding real estate assets, generating income from these properties, and subsequently directing the net income—after expenses—toward the Beatrice & Samuel Seaver Foundation. This structured approach allows for a steady revenue stream that supports charitable initiatives within the community.
By efficiently managing property assets, the corporation contributes to local economic stability. Its income-generating activities help to sustain and enhance the operational capacity of the Seaver Foundation, which focuses on various philanthropic endeavors. Thus, the impact of this corporation extends beyond mere property management; it fosters a reliable funding source that can amplify the foundation's outreach and programs, ultimately benefiting the community it serves.
This information is meant to be a general summary of 11-13 E 26 St Holding Corp C/O Hirschell E Levine. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $775
- Gross Receipts: $412,608
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1993
Phone
(212) 751-9100Principal Officer
Hirschell Levine
Main Address
WSB 1411 BROADWAY 9TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: S47 - Community improvement
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