Overview
What is 42 Realty Corporation Local 42 Realty?
42 Realty Corporation Local 42 Realty is a real estate holding company situated in East Windsor, Connecticut, specifically at 20 Craftsman Road, 06088. Its primary mission is to support a local union by managing a property located at 379 Wetherell Street, Manchester, CT. This property is entirely occupied by related, non-profit organizations. By acting as a landlord, 42 Realty Corporation Local 42 Realty contributes to the operation of these affiliated not-for-profit entities.
Is 42 Realty Corporation Local 42 Realty legitimate?
42 Realty Corporation Local 42 Realty is a legitimate nonprofit organization registered as a 501(c)(2) entity. 42 Realty Corporation Local 42 Realty 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
What is the mission statement of 42 Realty Corporation Local 42 Realty?
42 Realty Corporation Local 42 Realty serves as a real estate holding company for a local union. Its primary objective is to rent out its entire property portfolio to affiliated exempt organizations. The corporation's mission is centered around maintaining the property, specifically a building located at an unspecified location, which is fully occupied by related non-profit organizations. By providing this service, 42 Realty Corporation Local 42 Realty contributes to the operations of these organizations, thereby supporting their charitable activities and initiatives.
Who is the CEO of 42 Realty Corporation Local 42 Realty?
Michael Treadwell is the Business Mgr/Fin.Sec. of 42 Realty Corporation Local 42 Realty.
What is the revenue of 42 Realty Corporation Local 42 Realty?
42 Realty Corporation Local 42 Realty's revenue in 2022 was $28,291.
Who are the executives of 42 Realty Corporation Local 42 Realty and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,850
- Other: $0
- Compensation: $0
- Related: $193,877
- Other: $72,331
- Compensation: $0
- Related: $4,350
- Other: $0
- Compensation: $0
- Related: $176,324
- Other: $72,331
- Compensation: $0
- Related: $182,748
- Other: $72,331
- Compensation: $0
- Related: $1,400
- Other: $0
- Compensation: $0
- Related: $3,455
- Other: $0
- Compensation: $0
- Related: $6,042
- Other: $0
- Compensation: $0
- Related: $174,553
- Other: $72,331
Where can I find the form 990 for 42 Realty Corporation Local 42 Realty?
42 Realty Corporation Local 42 Realty's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 42 Realty Corporation Local 42 Realty
42 Realty Corporation Local 42 Realty serves as a real estate holding company for a local union. Its primary mission is to lease out 100% of its property to affiliated exempt organizations. In essence, this organization plays a crucial role in providing these nonprofit entities with a physical space to carry out their charitable activities. By serving as a landlord, 42 Realty Corporation Local 42 Realty contributes to the continuity and success of these organizations, thereby indirectly supporting their respective missions. The company maintains the land and building located at 379 Wetherell Street, ensuring that it remains in good condition for its tenants. This commitment to maintaining the property signifies 42 Realty Corporation Local 42 Realty's dedication to supporting the work of its affiliated organizations.
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Impact
October, 2024
42 Realty Corporation Local 42 Realty has a significant impact on the community by acting as a real estate holding company for a local union, effectively managing the property located at 379 Wetherell Street in Manchester, CT. By occupying the building with related exempt organizations, it not only ensures full utilization of the space but also supports affiliated programs that benefit the local community. The maintenance of the land and building contributes to community improvement, fostering a stable environment for these organizations to operate. This model promotes collaboration among local unions and nonprofit organizations, enhancing their capability to serve residents and reinforcing community ties.
This information is meant to be a general summary of 42 Realty Corporation Local 42 Realty. 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.
- Program Service Revenue: $28,291
- Gross Receipts: $28,291
Assets and Liabilities:
- Total Assets: $4,414,911
- Total Liabilities: $4,813,168
- Net Assets: -$398,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$28,291
Organization Details
Founding Year
1975
Phone
(860) 646-7297Principal Officer
Michael Treadwell
Main Address
20 CRAFTSMAN ROAD, EAST WINDSOR, CT, 06088
NTEE Category
Code: S47 - Community improvement
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