Overview
What is Eihab Holding Corporation Inc?
Eihab Holding Corporation Inc is a nonprofit organization, headquartered in Springfield Gardens, New York, that primarily functions as a title holder for real estate properties. The organization collects rental income from these properties and distributes the earnings, less expenses, to its three founding members: Eihab Human Services, Inc., Eihab Human Services New Jersey, Inc., and Eihab Human Services Pennsylvania, Inc. These member organizations are charitable entities exempt from taxation under Section 501(C)(3) of the Internal Revenue Code. Occasionally, Eihab Holding Corporation Inc retains reasonable cash reserves to invest in new real estate properties, which it plans to hold for the benefit of its members. The cash reserves are typically held for less than a year before being utilized for such investments.
Official website here: www.eihab.org
Is Eihab Holding Corporation Inc legitimate?
Eihab Holding Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Eihab Holding Corporation Inc 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:
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Official website here: www.eihab.org
What is the mission statement of Eihab Holding Corporation Inc?
Eihab Holding Corporation Inc's primary mission is to manage real estate properties on behalf of its three member organizations: Eihab Human Services Inc., Eihab Human Services New Jersey Inc., and Eihab Human Services Pennsylvania Inc. The corporation collects income from these properties and distributes the majority of it to its members, retaining a portion for potential future real estate investments. All three member organizations are charitable organizations exempt from taxation under Section 501(C)(3) of the Internal Revenue Code.
Official website here: www.eihab.org
Who is the CEO of Eihab Holding Corporation Inc?
Hamdy Elgindy is the President of Eihab Holding Corporation Inc.
Official website here: www.eihab.org
What is the revenue of Eihab Holding Corporation Inc?
Eihab Holding Corporation Inc's revenue in 2022 was $554,989.
Official website here: www.eihab.org
Who are the executives of Eihab Holding Corporation Inc and what are their salaries?
There 3 volunteers at Eihab Holding Corporation Inc.
Here are 6 key members and their salaries:
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Official website here: www.eihab.org
Where can I find the form 990 for Eihab Holding Corporation Inc?
Eihab Holding Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eihab.org
Learn more at the official website: www.eihab.org
Mission Statement of Eihab Holding Corporation Inc
Eihab Holding Corporation Inc, as a organization, is dedicated to holding title to real property and generating income from it. This income is then distributed among its three member organizations, Eihab Human Services, Inc., Eihab Human Services New Jersey, Inc., and Eihab Human Services Pennsylvania, Inc. These member organizations are charitable entities exempt from taxation under Section 501(C)(3) of the Internal Revenue Code. Occasionally, Eihab Holding Corporation Inc retains a reasonable amount of cash reserves for a short period, intending to invest in new real estate properties that will subsequently benefit its member organizations. This mission allows Eihab Holding Corporation Inc to contribute to the financial well-being of its affiliated nonprofits.
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Impact
October, 2024
Eihab Holding Corporation Inc significantly impacts its associated charitable organizations by managing real estate assets and generating rental income. By holding title to properties and collecting income, it provides a steady financial resource that supports the operations of its three members: Eihab Human Services, Inc., Eihab Human Services New Jersey, Inc., and Eihab Human Services Pennsylvania, Inc. These organizations, which focus on serving communities, particularly benefit from this arrangement as it allows for the efficient allocation of financial resources.
The corporation’s strategic retention of cash reserves enables it to invest in new real estate opportunities, further contributing to its members’ missions and enhancing their capability to serve those in need. This cycle of holding and investing in property not only ensures financial sustainability but also reinforces the impact of its members, who are dedicated to community improvement and support.
Thus, Eihab Holding Corporation Inc plays a crucial role in fostering a solid foundation of resources that bolster the charitable endeavors of its affiliated organizations, ultimately leading to enhanced community service and improvement initiatives.
This information is meant to be a general summary of Eihab Holding Corporation Inc. 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.
- Program Service Revenue: $554,989
- Gross Receipts: $554,989
Assets and Liabilities:
- Total Assets: $7,105,978
- Total Liabilities: $7,347,605
- Net Assets: -$241,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$554,989
Organization Details
Founding Year
2014
Phone
(718) 276-6101Principal Officer
Hamdy Elgindy
Main Address
168-18 SOUTH CONDUIT AVENUE, SPRINGFIELD GARDENS, NY, 11434
Website
www.eihab.orgNTEE Category
Code: S47 - Community improvement
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