Overview
What is Ben Eisenberg Prop - New Mart Building Inc?
Ben Eisenberg Prop - New Mart Building Inc is a California-based entity, specifically located at 127 E 9th Street, Los Angeles, CA 90015. Their primary function involves holding title to a property and collecting rental income. The entire income, after deducting expenses, is then transferred to another organization that holds a 501(c)(3) tax-exempt status under the Internal Revenue Code. During the tax year, they collected a substantial rent income of $4,296,420, which was used to cover expenses totaling $2,859,771. Additionally, $2,136,683 was invested in property improvements, and $470,000 was contributed from the Ben B and Joyce E Eisenberg Foundation. The organization is managed by a small team of 13 employees.
Is Ben Eisenberg Prop - New Mart Building Inc legitimate?
Ben Eisenberg Prop - New Mart Building Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ben Eisenberg Prop - New Mart Building 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 Ben Eisenberg Prop - New Mart Building Inc?
Ben Eisenberg Prop - New Mart Building Inc's primary role is to manage a property, generating income from rents. This income, after deducting expenses, is then transferred in its entirety to a non-profit organization that enjoys tax-exempt status under IRC section 501(c)(3). The company's activities revolve around property management and financial management of the transferred funds to the beneficiary organization. During the tax year, the company made significant improvements to the property, contributing to its upkeep and value. Furthermore, the Ben B and Joyce E Eisenberg Foundation provided a significant contribution to the company during the year.
Who is the CEO of Ben Eisenberg Prop - New Mart Building Inc?
Joyce Eisenberg is the President/Direc of Ben Eisenberg Prop - New Mart Building Inc.
What is the revenue of Ben Eisenberg Prop - New Mart Building Inc?
Ben Eisenberg Prop - New Mart Building Inc's revenue in 2022 was $938,367.
Who are the executives of Ben Eisenberg Prop - New Mart Building Inc and what are their salaries?
There are 13 employees at Ben Eisenberg Prop - New Mart Building Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Ben Eisenberg Prop - New Mart Building Inc?
Ben Eisenberg Prop - New Mart Building Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ben Eisenberg Prop - New Mart Building Inc
Ben Eisenberg Prop - New Mart Building Inc, as per its mission, holds the title to a particular property and earns income from rents collected. This income, after accounting for expenses, is then transferred in its entirety to an organization that has been granted tax-exempt status under IRC section 501(c)(3). In simpler terms, this entity acts as a landlord, managing a property and using the profits to support a charity. During the tax year, they collected a significant sum in rents, made necessary payments for expenses, and invested in property improvements. Additionally, they received a contribution from the Ben B and Joyce E Eisenberg Foundation, further contributing to their charitable mission.
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Impact
October, 2024
Ben Eisenberg Prop - New Mart Building Inc plays a significant role in the Los Angeles community by managing and maintaining property assets that provide substantial income. During the tax year, the organization collected $4,296,420 in rents, which demonstrates its effective property management and ability to generate revenue. After covering expenses amounting to $2,859,771, the remaining funds contribute to property improvements totaling $2,136,683, enhancing the overall value and functionality of the facilities.
Moreover, the organization supports charitable initiatives through financial remittances, including a notable $470,000 from the Ben B and Joyce E Eisenberg Foundation. This financial flow not only assists in community improvement but also ensures that resources are allocated efficiently to support exempt organizations, thereby promoting a positive impact in the region. The dedication to community enhancement, through both property management and financial contributions, highlights the organization’s commitment to fostering growth and support for various initiatives within the Los Angeles area.
This information is meant to be a general summary of Ben Eisenberg Prop - New Mart Building 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: $5,347
- Gross Receipts: $4,301,767
Assets and Liabilities:
- Total Assets: $13,357,801
- Total Liabilities: $581,093
- Net Assets: $12,776,708
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Organization Details
Founding Year
2000
Phone
(213) 627-0671Principal Officer
Joyce Eisenberg
Main Address
127 E 9th Street 801, LOS ANGELES, CA, 90015
NTEE Category
Code: S47 - Community improvement
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