Plumbers & Pipefitters Local No 51 Realty Corporation

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

EIN: 050452545 ✦ East providence, RI ✦ Designated as a 501(c)(2)

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Overview

What is Plumbers & Pipefitters Local No 51 Realty Corporation?

Plumbers & Pipefitters Local No 51 Realty Corporation is a nonprofit entity based in East Providence, Rhode Island. Its primary role is to manage commercial property situated at 11 Hemingway Drive, acting as a trustee on behalf of the Plumbers and Pipefitters Local No. 51 Pension Plan. The corporation's responsibilities encompass collecting rent and managing operating costs related to the leasing of the building. This organization plays a crucial role in ensuring the smooth operation and financial management of the commercial property as a part of the pension plan's investment portfolio.


Official website here: www.ualocal51.com

Is Plumbers & Pipefitters Local No 51 Realty Corporation legitimate?

Plumbers & Pipefitters Local No 51 Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Plumbers & Pipefitters Local No 51 Realty Corporation 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.ualocal51.com

What is the mission statement of Plumbers & Pipefitters Local No 51 Realty Corporation?

The Plumbers & Pipefitters Local No 51 Realty Corporation serves a specific purpose by holding title to commercial property on behalf of the Plumbers and Pipefitters Local No.51 Pension Plan. Its primary function is to manage this property, collecting rent and covering associated operating costs associated with leasing the building. However, the corporation does not have a publicly stated mission or goal beyond this property management role. It is essentially a property holding entity for the pension plan.


Official website here: www.ualocal51.com

Who is the CEO of Plumbers & Pipefitters Local No 51 Realty Corporation?

Francis Byrne is the Trustee of Plumbers & Pipefitters Local No 51 Realty Corporation.


Official website here: www.ualocal51.com

What is the revenue of Plumbers & Pipefitters Local No 51 Realty Corporation?

Plumbers & Pipefitters Local No 51 Realty Corporation's revenue in 2021 was $286,741.


Official website here: www.ualocal51.com

Who are the executives of Plumbers & Pipefitters Local No 51 Realty Corporation and what are their salaries?




Official website here: www.ualocal51.com

Where can I find the form 990 for Plumbers & Pipefitters Local No 51 Realty Corporation?

Plumbers & Pipefitters Local No 51 Realty Corporation's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.ualocal51.com

Learn more at the official website: www.ualocal51.com

Mission Statement of Plumbers & Pipefitters Local No 51 Realty Corporation

Plumbers & Pipefitters Local No 51 Realty Corporation serves a unique role by holding the title to a commercial property on behalf of the Plumbers and Pipefitters Local No.51 Pension Plan. This corporation's mission is essentially to manage this property as a trustee, ensuring that the pension plan benefits from any revenue generated from leasing the property. The Realty Corporation is responsible for collecting rent and covering the operational expenses related to the property's leasing. By fulfilling this mission, Plumbers & Pipefitters Local No 51 Realty Corporation helps secure a financial future for the pension plan, contributing to the well-being of those associated with the Plumbers and Pipefitters Local No.51 union.

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Impact




October, 2024

Plumbers & Pipefitters Local No 51 Realty Corporation significantly impacts the local community and the financial stability of its members through strategic property management. By holding title to commercial property at 11 Hemingway Drive in East Providence, Rhode Island, it provides a reliable income stream that supports the Plumbers and Pipefitters Local No. 51 Pension Plan. The Corporation's responsibilities include collecting rent and managing the operational costs associated with the property, which ensures that resources are effectively utilized.

This property management not only bolsters the financial health of the pension plan, benefiting current and future retirees, but also contributes to community improvement by maintaining a commercial presence in the area. The local economy is supported through the leasing activities, which can attract businesses, create jobs, and foster a vibrant community landscape. Overall, the Corporation’s operations play a crucial role in promoting both the welfare of its members and the economic vitality of East Providence.




This information is meant to be a general summary of Plumbers & Pipefitters Local No 51 Realty Corporation. 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
$284,381 (2022)
Expenses
$443,094 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $3,804
  • Program Service Revenue: $282,937
  • Gross Receipts: $286,741

Assets and Liabilities:

  • Total Assets: $4,052,845
  • Total Liabilities: $0
  • Net Assets: $4,052,845

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental income

Revenue

$282,937

Organization Details

Founding Year

1989

Principal Officer

Francis Byrne

Main Address

11 Hemingway Drive, East Providence, RI, 02915

NTEE Category

Code: S47 - Community improvement

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