Overview
What is East Lake Holdings Inc?
East Lake Holdings Inc is a nonprofit organization situated in Atlanta, Georgia, specifically at 3445 Peachtree Road Suite 175. Their primary role involves holding property and managing income, subtracting expenses, and subsequently transferring the net proceeds to CF Foundation, a Georgia-based nonprofit organization. While the specifics of CF Foundation's activities are not provided, it is clear that East Lake Holdings Inc plays a crucial role in supporting this organization financially.
Is East Lake Holdings Inc legitimate?
East Lake Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. East Lake Holdings 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of East Lake Holdings Inc?
East Lake Holdings Inc's primary objective is to manage and generate income from its property holdings, with the surplus being transferred to the CF Foundation, a Georgia-based non-profit organization. This mission is centered around the collection of income from properties, with the intention of making a significant charitable contribution to the CF Foundation. East Lake Holdings Inc's activities primarily revolve around property management and income generation, with the ultimate goal of supporting the CF Foundation's causes.
Who is the CEO of East Lake Holdings Inc?
Paula Andrews is the President/Director of East Lake Holdings Inc.
What is the revenue of East Lake Holdings Inc?
East Lake Holdings Inc's revenue in 2022 was -$1,257,266.
Who are the executives of East Lake Holdings Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $134,332
- Other: $38,067
- Compensation: $0
- Related: $89,657
- Other: $36,181
Where can I find the form 990 for East Lake Holdings Inc?
East Lake Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of East Lake Holdings Inc
East Lake Holdings Inc, as a non-profit organization, is dedicated to holding property and generating income, while keeping expenses in check. This financial management strategy is carried out with the primary objective of transferring the surplus to the CF Foundation, a Georgia-based not-for-profit organization. In essence, East Lake Holdings Inc serves as a financial steward, utilizing its property holdings to generate income, and then redirecting these funds to support the CF Foundation's charitable initiatives. This mission demonstrates East Lake Holdings Inc's commitment to contributing to the broader community, by funneling its financial resources towards a noble cause.
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Impact
October, 2024
East Lake Holdings Inc plays a significant role in the community by strategically managing properties and generating income that supports transformative initiatives. By holding property and collecting income, the organization not only contributes to the local economy but also ensures that resources are directed to the CF Foundation, facilitating various community improvement projects. This model of property management enhances the economic viability of the area while providing essential support to organizations focused on uplifting the community, demonstrating a commitment to long-term sustainable development in Atlanta, Georgia.
This information is meant to be a general summary of East Lake Holdings 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.
- Investment Income: -$126,675
- Gross Receipts: $1,323,428
Assets and Liabilities:
- Total Assets: $30,812,684
- Total Liabilities: $61,180
- Net Assets: $30,751,504
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Organization Details
Founding Year
1994
Phone
(404) 233-4339Principal Officer
Paula Andrews
Main Address
3445 PEACHTREE ROAD SUITE 175, ATLANTA, GA, 30326
NTEE Category
Code: S47 - Community improvement
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