Overview
What is 160 E35 Owner Inc?
160 E35 Owner Inc is a nonprofit organization primarily established to manage and operate a prayer center for the local Ismaili Muslim community in New York City, New York. The organization purchased and renovated a building at 160 East 35th Street, collecting a monthly fee from its members for the use of the center as a place for prayer and community activities. The organization's entire income, less expenses, is then transferred to the Kimji Foundation, following the provisions of Internal Revenue Code Section 501(C)(2). The organization's main purpose is to hold title to exempt-use property and manage it for the benefit of the Ismaili Muslim community.
Is 160 E35 Owner Inc legitimate?
160 E35 Owner Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 160 E35 Owner 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 160 E35 Owner Inc?
160 E35 Owner Inc was established with a specific purpose, operating solely to manage exempt use property. The organization collects membership dues, utilizing the funds to maintain and operate the property. The primary objective is to pass on the majority of the earnings, after deducting expenses, to the Khimji Foundation, in line with Internal Revenue Code Section 501(C)(2). The property in question serves as a prayer center for the local Ismaili Muslim community. All of the organization's activities are geared towards maintaining and operating the center, collecting a monthly fee from the community for the use of the prayer and community center.
Who is the CEO of 160 E35 Owner Inc?
Rickey D Whitworth is the Director of 160 E35 Owner Inc.
What is the revenue of 160 E35 Owner Inc?
160 E35 Owner Inc's revenue in 2022 was $1,025,425.
Who are the executives of 160 E35 Owner Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 160 E35 Owner Inc?
160 E35 Owner Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 160 E35 Owner Inc
160 E35 Owner Inc, a nonprofit organization, was established with a singular purpose: to serve as a title holder for exempt use property. The organization collects membership dues from the Ismaili Muslim community, utilizing these funds to maintain and operate a prayer center within the community. The entire revenue, barring any expenses, is then donated to the Khimji Foundation in accordance with Internal Revenue Code Section 501(C)(2). The primary focus of 160 E35 Owner Inc is to provide a sanctuary for the local Ismaili Muslim community, enabling them to engage in prayer and community activities within the renovated building it purchased at 160 East 35th Street in New York City.
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Impact
October, 2024
160 E35 Owner Inc plays a significant role in supporting the Ismaili Muslim community in New York City. By acquiring and renovating a building at 160 E 35th St., the organization has established a dedicated prayer and community center, facilitating a space for worship and congregation. This center serves as a vital resource for the local Ismaili community, fostering spiritual connection and communal activities.
The organization operates by collecting monthly fees from community members for the use of the facility, ensuring that it is well-maintained and accessible. Operational expenses are managed efficiently, with the remaining funds directed to the Khimji Foundation, which likely supports broader charitable initiatives. This structure highlights the organization’s commitment to philanthropy, ensuring that the financial resources are utilized for the benefit of the community and in support of wider charitable efforts.
In essence, 160 E35 Owner Inc significantly enhances the cultural and spiritual landscape for the Ismaili community in New York City, providing a sanctuary for prayer and community engagement while contributing to charitable activities through its financial practices.
This information is meant to be a general summary of 160 E35 Owner 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.
- Gross Receipts: $1,025,425
Assets and Liabilities:
- Total Assets: $16,477,266
- Total Liabilities: $0
- Net Assets: $16,477,266
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Organization Details
Founding Year
2017
Phone
(972) 444-9700Principal Officer
Rickey D Whitworth
Main Address
545 E JOHN CARPENTER FWY 1400, IRVING, TX, 75062
NTEE Category
Code: T11 - Philanthropy
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