Eastern Tower Condominium Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 833625799 ✦ Philadelphia, PA ✦ Designated as a 501(c)(4)

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Overview

What is Eastern Tower Condominium Association?

The Eastern Tower Condominium Association is a nonprofit organization responsible for managing the common area and shared assets of Crane Center, a structure that houses a community center, residential and commercial sectors. Their primary mission involves ensuring the maintenance and upkeep of these common spaces, ensuring the well-being of the entire community within the building. The Crane Center, as a nonprofit-sponsored establishment, serves as a shared living and working space for its residents and businesses.

Is Eastern Tower Condominium Association legitimate?

Eastern Tower Condominium Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Eastern Tower Condominium Association 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: $130,409

For more financial information, click here

What is the mission statement of Eastern Tower Condominium Association?

The Eastern Tower Condominium Association's mission is centered around managing the common areas and shared assets within Crane Center, a non-profit-sponsored building that comprises a community center, residential units, and commercial spaces. Their primary role is to oversee and maintain the communal facilities and resources for the benefit of the entire Crane Center community. By doing so, they contribute to fostering a harmonious living and working environment within the building.

What is the revenue of Eastern Tower Condominium Association?

Eastern Tower Condominium Association's revenue in 2024 was $635,798.

Who are the executives of Eastern Tower Condominium Association and what are their salaries?

There 5 volunteers at Eastern Tower Condominium Association.

Here are 3 key members and their salaries:


Margaret Chin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Chin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Mak (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Eastern Tower Condominium Association?

Eastern Tower Condominium Association's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Eastern Tower Condominium Association

The Eastern Tower Condominium Association is dedicated to managing and overseeing the common area and common assets of Crane Center, a non-profit building that encompasses a community center, residential, and commercial spaces. This organization plays a crucial role in maintaining the shared facilities and resources within this multi-functional building, ensuring the comfort and well-being of its residents and tenants. By overseeing the common areas, the Eastern Tower Condominium Association contributes to the overall cohesion and functionality of Crane Center, fostering a sense of community within the building.

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Impact




October, 2024

Eastern Tower Condominium Association actively manages and maintains the common areas and assets of the Crane Center in Philadelphia. This oversight ensures that the community center, residential spaces, and commercial areas within the building are well-kept and functional for all residents and visitors. By focusing on these shared spaces, the association fosters a sense of community and enhances the quality of life for residents. Their efforts also create a welcoming environment for local businesses, contributing to the overall vibrancy and attractiveness of the neighborhood. The association's commitment to maintaining these areas plays a critical role in promoting community engagement and facilitating a cohesive living experience for everyone involved.




This information is meant to be a general summary of Eastern Tower Condominium Association. 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.

Revenue
$635,798 (2024)
Expenses
$637,276 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Program Service Revenue: $635,798
  • Gross Receipts: $635,798

Assets and Liabilities:

  • Total Assets: $180,575
  • Total Liabilities: $75,058
  • Net Assets: $105,517

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER ASSESSMENTS

Revenue

$635,798

Organization Details

Founding Year

2019

Principal Officer

John Chin

NTEE Category

Code: P20 - Human services

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