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Msc Langhorne Llc C/O Washington Capital Management Inc

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

EIN: 043503906 ✦ Boston, MA ✦ Designated as a 501(c)(25)

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Overview

What is Msc Langhorne Llc C/O Washington Capital Management Inc?

Msc Langhorne Llc C/O Washington Capital Management Inc is a company established for the primary purpose of acquiring, owning, and managing commercial real estate. Their sole business activity involves renting out this property, with the unique stipulation that the net income generated from this rental is allocated to two related 501(a) organizations, namely the New England Carpenters Pension Fund and the New England Carpenters Annuity Fund. The company's mission is to serve as a title holder for the property and distribute the income to these two nonprofit entities.


Official website here: www.gpinvestors.com

Is Msc Langhorne Llc C/O Washington Capital Management Inc legitimate?

Msc Langhorne Llc C/O Washington Capital Management Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Msc Langhorne Llc C/O Washington Capital Management 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

For more financial information, click here


Official website here: www.gpinvestors.com

What is the mission statement of Msc Langhorne Llc C/O Washington Capital Management Inc?

MSC Langhorne LLC, managed by Washington Capital Management Inc., has a specific mission. Their primary objective is to hold title to a commercial property. The main income generated from this property is then transferred to two related 501(a) organizations, namely the New England Carpenters Pension Fund and the New England Carpenters Annuity Fund. This transfer of income is the primary purpose of MSC Langhorne's activities. While not a traditional mission statement in the sense of promoting a cause or bettering society, MSC Langhorne's role is crucial in providing financial support to these two funds, which in turn support their beneficiaries.


Official website here: www.gpinvestors.com

Who is the CEO of Msc Langhorne Llc C/O Washington Capital Management Inc?

Joseph A Versaggi is the Vice President & Secretary of Msc Langhorne Llc C/O Washington Capital Management Inc.


Official website here: www.gpinvestors.com

What is the revenue of Msc Langhorne Llc C/O Washington Capital Management Inc?

Msc Langhorne Llc C/O Washington Capital Management Inc's revenue in 2020 was $22,713.


Official website here: www.gpinvestors.com

Who are the executives of Msc Langhorne Llc C/O Washington Capital Management Inc and what are their salaries?


Here are 3 key members and their salaries:


Joseph A Versaggi (Vice President & Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Leeret (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert M Kovecs (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gpinvestors.com

Where can I find the form 990 for Msc Langhorne Llc C/O Washington Capital Management Inc?

Msc Langhorne Llc C/O Washington Capital Management Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.gpinvestors.com

Learn more at the official website: www.gpinvestors.com

Mission Statement of Msc Langhorne Llc C/O Washington Capital Management Inc

Msc Langhorne Llc C/O Washington Capital Management Inc, as a holding entity, is devoted to the acquisition, ownership, and operation of commercial real estate. Its primary objective is to generate net income from this property, which it then transfers to two related 501(a) organizations: the New England Carpenters Pension Fund and the New England Carpenters Annuity Fund. This mission serves as a means of providing financial support to these two organizations, which are responsible for the retirement and welfare benefits of carpenters in the New England region. By engaging in this activity, Msc Langhorne Llc C/O Washington Capital Management Inc plays a role in ensuring the financial security of these carpenter organizations and their members.

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Impact




October, 2024

Msc Langhorne LLC, in association with Washington Capital Management Inc, plays a crucial role in supporting the financial sustainability of the New England Carpenters Pension Fund and the New England Carpenters Annuity Fund. By acquiring and managing commercial real estate, Msc Langhorne generates rental income that is directly allocated to these pension and annuity funds. This financial model not only ensures a steady stream of income for retirees but also supports the broader community by sustaining the livelihoods of those involved in the carpentry profession.

The organization’s focus on holding and managing property effectively contributes to community improvement by maintaining and enhancing commercial real estate, potentially creating local job opportunities and stimulating economic activity. Ultimately, Msc Langhorne LLC serves as a vital financial vehicle, ensuring that carpenters can rely on their retirement funds while fostering community growth and stability.




This information is meant to be a general summary of Msc Langhorne Llc C/O Washington Capital Management 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.

Revenue
$22,713 (2020)
Expenses
$0 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $43,000

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1999

Principal Officer

Joseph A Versaggi

Main Address

260 FRANKLIN ST SUITE 1900, Boston, MA, 02110

NTEE Category

Code: S47 - Community improvement

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