Overview
What is Ethical Purpose Holding Inc?
Ethical Purpose Holding Inc is a real estate holding company, established with a noble objective to generate rental income. This organization, situated beyond the scope of nonprofit status, has been actively expanding its portfolio. In 2021, they made their initial investment by purchasing a property, and then continued their growth by acquiring two more properties in October 2022. These properties will also serve as additional rental units, contributing to their income-generating mission.
Is Ethical Purpose Holding Inc legitimate?
Ethical Purpose Holding Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ethical Purpose Holding 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 Ethical Purpose Holding Inc?
Ethical Purpose Holding Inc, as a Real Estate Holding company, aims to generate rental income. In line with this mission, the company purchased a property in 2021 and expanded its portfolio by acquiring two more properties in October 2022, which will also be utilized for rental purposes. The organization's primary objective is to derive income from the rental properties, demonstrating a commercial focus towards real estate investments.
Who is the CEO of Ethical Purpose Holding Inc?
Corrin E Gani is the President of Ethical Purpose Holding Inc.
What is the revenue of Ethical Purpose Holding Inc?
Ethical Purpose Holding Inc's revenue in 2022 was $633,620.
Who are the executives of Ethical Purpose Holding Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $19,560
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Where can I find the form 990 for Ethical Purpose Holding Inc?
Ethical Purpose Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ethical Purpose Holding Inc
Ethical Purpose Holding Inc, as a Real Estate Holding company, is committed to a mission that focuses on generating rental income. This mission is accomplished through strategic property acquisitions. In 2021, the organization made its first investment by purchasing a house, which was subsequently transformed into a rental property. Building upon this success, Ethical Purpose Holding Inc expanded its portfolio in October 2022 by adding two more properties, each intended to serve the same purpose of providing rental opportunities. The company's mission is centered around the utilization of real estate assets to generate income, thereby contributing to its overall operations and growth.
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Impact
October, 2024
Ethical Purpose Holding Inc has made a notable impact in the real estate sector in Austin, TX, by focusing on generating rental income through property acquisition. Since its inception, the company has strategically purchased residential properties, including a house in 2021 and two additional homes in October 2022. This expansion not only contributes to the local housing market but also provides rental options that are essential for community development.
By operating with a clear mission centered on public benefit, Ethical Purpose Holding is enhancing the availability of rental properties in the area. Their commitment may lead to increased housing stability for residents, thereby contributing positively to the local economy. Furthermore, their activities can help address housing needs in the community, providing a foundation for families and individuals in search of rental accommodations.
Overall, Ethical Purpose Holding Inc is impacting Austin’s real estate landscape by fostering responsible rental practices and creating opportunities that align with their mission of public benefit.
This information is meant to be a general summary of Ethical Purpose Holding 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: $7,600
- Gross Receipts: $633,620
Assets and Liabilities:
- Total Assets: $934,287
- Total Liabilities: $2
- Net Assets: $934,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$7,600
Organization Details
Founding Year
2021
Principal Officer
Corrin E Gani
Main Address
207 S Commons Ford Road, Austin, TX, 78733
NTEE Category
Code: W11 - Public benefit
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