Eihab Holding Corporation Inc
- Assets
- $6.8m
- Revenue
- $352.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield Gardens, NY
- Founding
- 06/2015
- Data as of
- 06/2021
- EIN
- 47-3293921
Organization Overview
Eihab Holding Corporation Inc is located in Springfield Gardens, NY. The organization was established in 2015. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Eihab Holding Corporation Inc generated $352.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $549.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE TO REAL PROPERTY, COLLECT INCOME THEREFROM, AND TURN OVER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EIHAB HOLDING CORPORATION, INC. ("ORGANIZATION") HOLDS TITLE TO THE REAL PROPERTY TRANSFERRED TO IT BY THE THREE MEMBERS, COLLECT RENTAL INCOME THEREFROM, AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE THREE MEMBERS. HOWEVER, THE ORGANIZATION MAY, FROM TIME TO TIME, RETAIN REASONABLE CASH RESERVES IN ORDER TO ACQUIRE NEW REAL ESTATE THAT WILL BE HELD BY THE ORGANIZATION FOR THE BENEFIT OF ITS MEMBERS. ANY SUCH CASH RESERVES WILL BE HELD FOR LESS THAN ONE YEAR BEFORE MAKING AN INVESTMENT IN REAL ESTATE. THE THREE MEMBERS ARE EIHAB HUMAN SERVICES, INC., EIHAB HUMAN SERVICES NEW JERSEY, INC. AND EIHAB HUMAN SERVICES PENNSYLVANIA, INC. THEY ARE CHARITABLE ORGANIZATIONS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jihan Hegazy President | OfficerTrustee | 1 | $0 |
Rafeek Mohamed Treasurer | OfficerTrustee | 1 | $0 |
Manal Hegazy Secretary | OfficerTrustee | 1 | $0 |
Ahmed Hegazy CEO (thru 10/2020) | Officer | 2 | $0 |
Hamdy Elgindy Cfo/interim Co-Ceo 10/20-7/21 | Officer | 2 | $0 |
Joshua Thomas Coo/interim Co-Ceo 10/20-7/21 | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $475,328 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$129,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,209 |
| Advertising and promotion | $0 |
| Office expenses | $2,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $290,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,537 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $549,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,788,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,205 |
| Total assets | $6,831,818 |
| Accounts payable and accrued expenses | $15,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,094,736 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,807 |
| Total liabilities | $7,126,543 |
| Net assets without donor restrictions | -$294,725 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,831,818 |
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