Eagle Realty Holdings Inc

The information for Eagle Realty Holdings Inc is as of the organization's most recent filing in June '22. This organization is located in Stony Brook, NY. It has been in existence for 31 years, following its founding in 1991.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Eagle Realty Holdings Inc is a community improvement and capacity building organization with an NTEE code of S47. The "S" indicates that the organization is classified under Real Estate Associations. The NTEE code further describes the organization as one whose members are in the real estate business and have affiliated for the purpose of promoting the interests of their trade. Additionally, Eagle Realty Holdings Inc is classified under section 2 of the Internal Revenue Code, which designates it as a Title-holding Corporation for Exempt Organizations. The mission of the organization is to hold title to commercial and residential properties and distribute the net proceeds to the Ward Melville Heritage Organization, Ltd. to continue its charitable mission.

Program Areas

Eagle Realty Holdings, Inc. is a program within the general fund that serves the purpose of holding title to commercial and residential properties. Its main objective is to distribute the net proceeds to the Ward Melville Heritage Organization, Ltd., in order to support and continue its charitable mission. The general fund encompasses all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Eagle Realty Holdings Inc is run by Gloria D Rocchio, who is the President. The organization does not have any employees and does not pay anyone over $100k per year. However, they do have a small labor force of 5 volunteers who support the organization's operations.

Board Governance

Eagle Realty Holdings Inc, a non-profit organization, appears to be well-governed based on the information provided. The organization has 12 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. This ensures that decisions are made in the best interest of the organization and its mission, rather than being influenced by personal agendas or conflicts of interest. The fact that Eagle Realty Holdings Inc has delegated management to an outside firm suggests a level of professionalism and expertise in managing the organization's operations. This allows the board members to focus on strategic decision-making and governance, while benefiting from the specialized knowledge and experience of the external management firm. The documentation of board meetings and committee meetings is a positive sign of transparency and accountability within the organization. This ensures that important discussions, decisions, and actions are properly recorded and can be reviewed by relevant stakeholders. Additionally, the presence of a conflict of interest policy and the requirement for disclosure of conflicts further demonstrates the organization's commitment to ethical practices and avoiding potential conflicts that could compromise its mission. The presence of a written whistleblower policy and a document retention policy indicates that Eagle Realty Holdings Inc values integrity and accountability. These policies provide a framework for reporting any wrongdoing or unethical behavior within the organization, as well as ensuring that important documents and records are properly maintained. However, it is worth noting that the organization does not substantiate and review leadership salaries or officer's salaries. While this may not necessarily indicate poor governance, it could be beneficial for the organization to have a more thorough review process in place to ensure that executive compensation aligns with industry standards and the organization's financial resources. Overall, Eagle Realty Holdings Inc appears to be a well-governed non-profit organization, with strong policies and practices in place to ensure transparency, accountability, and ethical conduct.

Organization Growth

Eagle Realty Holdings Inc, a nonprofit organization, has experienced growth over the given time period. The organization's investment income increased from $74.7K in 2015 to $1.2M in 2021. Additionally, their other revenue increased from $2.3M in 2015 to $2.4M in 2021, and their total revenue increased from $2.4M in 2015 to $3.6M in 2021. However, it is worth noting that their total expenses also increased from $2.2M in 2015 to $2.4M in 2021. Furthermore, the number of total volunteers decreased from 13 in 2015 to 5 in 2017. Overall, despite the decrease in volunteers, Eagle Realty Holdings Inc has shown growth in terms of investment income, other revenue, and total revenue over the given time period.