Overview
What is Eleven East Corp?
Eleven East Corp is a nonprofit organization situated in Austin, Texas, at 1154 Lydia Street 200. Their primary objective is to manage a specific piece of property, referred to as Lot 15, Block 1, of the 1000 block of East 11th Street Subdivision. They acquire, develop, rent, and operate this property, generating income. Notably, the majority of the income collected is then transferred to Austin Revitalization Authority, a tax-exempt entity. This organization's mission is to revitalize designated areas in East Austin, Texas, through comprehensive redevelopment efforts.
Official website here: www.austinrev.org
Is Eleven East Corp legitimate?
Eleven East Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Eleven East Corp 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
For more financial information, click here
Official website here: www.austinrev.org
What is the mission statement of Eleven East Corp?
Eleven East Corp's primary role is to manage real estate properties, specifically Lot 15, Block 1, in a particular subdivision. The organization collects rent and other income from these properties. The net income generated is then transferred to the Austin Revitalization Authority, a tax-exempt entity, which is committed to revitalizing designated areas in Austin, Texas. The mission of the Austin Revitalization Authority is to provide comprehensive revitalization to these areas, aiming to improve their overall condition and well-being. By carrying out its activities, Eleven East Corp indirectly contributes to this larger revitalization effort in its assigned area.
Official website here: www.austinrev.org
Who is the CEO of Eleven East Corp?
Gregory Smith is the Secretary of Eleven East Corp. The CEO's salary of Eleven East Corp is $0 and their total compensation is $235,051.
Official website here: www.austinrev.org
What is the revenue of Eleven East Corp?
Eleven East Corp's revenue in 2022 was $2,088,074.
Official website here: www.austinrev.org
Who are the executives of Eleven East Corp and what are their salaries?
There 8 volunteers at Eleven East Corp.
Here are 9 key members and their salaries (Eleven East Corp's CEO's salary is $0 and their total compensation is $235,051):
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- Related: $192,712
- Other: $42,339
Official website here: www.austinrev.org
Where can I find the form 990 for Eleven East Corp?
Eleven East Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.austinrev.org
Learn more at the official website: www.austinrev.org
Mission Statement of Eleven East Corp
Eleven East Corp's mission revolves around holding title to real estate, collecting rent and other income derived from it, and then transferring the entire net amount, after deducting expenses, to the Austin Revitalization Authority. This tax-exempt entity, in turn, is dedicated to providing comprehensive revitalization services for designated areas in East Austin, Texas. Essentially, Eleven East Corp's role is to generate income from its property holdings and contribute to the betterment of its community by channeling these funds to the Austin Revitalization Authority. The organization's activities are limited to acquiring, owning, developing, renting, operating, and holding property legally described as Lot 15, Block 1, of the 1000 Block of East 11th Street Subdivision.
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Impact
October, 2024
Eleven East Corp significantly contributes to the revitalization of designated areas in East Austin, Texas, through strategic real estate management. By acquiring, owning, developing, renting, and operating property located at Lot 15, Block 1 of the 1000 Block of East 11th Street, it plays a crucial role in enhancing the local community. The organization collects rent and other income from its properties, which it subsequently channels to the Austin Revitalization Authority. This partnership supports comprehensive revitalization efforts that aim to uplift the area, improve amenities, and foster educational initiatives within the community. The impact of Eleven East Corp is reflected in its commitment to sustainable property management and community enhancement, supporting a vibrant and economically viable East Austin.
This information is meant to be a general summary of Eleven East Corp. 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: $5,236
- Program Service Revenue: $2,046,930
- Gross Receipts: $2,088,074
Assets and Liabilities:
- Total Assets: $8,127,054
- Total Liabilities: $6,576,512
- Net Assets: $1,550,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,312,536
TENANT UTILITY REIMBUR
Revenue
$734,394
Organization Details
Founding Year
2005
Phone
(512) 469-1705Principal Officer
Gregory Smith
Main Address
1154 LYDIA STREET 200, AUSTIN, TX, 78702
Website
www.austinrev.orgNTEE Category
Code: B19 - Education
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