Overview
What is 1205 Building Corporation?
The 1205 Building Corporation is a tax-exempt entity based in Farmingdale, New York. Situated at 246 Conklin Street, this nonprofit organization's primary purpose is to manage and maintain real property. This property is owned by Local 1205 I.B.OF T., another nonprofit organization, which holds the sole shareholding in 1205 Building Corporation. This entity's role is essential in supporting the operations and assets of Local 1205 I.B.OF T., ensuring the continuity of their mission and activities.
Is 1205 Building Corporation legitimate?
1205 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. 1205 Building 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
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What is the mission statement of 1205 Building Corporation?
The 1205 Building Corporation's primary mission is to manage and maintain real estate properties. This duty is directed towards Local 1205 I.B.O.F.T., a tax-exempt organization, which holds the sole shareholder status in the corporation. The corporation's role primarily involves ensuring the upkeep and preservation of these properties. While the corporation does not engage in any specific social cause or service provision, its role is crucial in maintaining the physical infrastructure for its associated entity.
Who is the CEO of 1205 Building Corporation?
Daniel W Decrotie is the Trustee of 1205 Building Corporation.
What is the revenue of 1205 Building Corporation?
1205 Building Corporation's revenue in 2022 was $184,647.
Who are the executives of 1205 Building Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $119,562
- Other: $32,048
- Compensation: $0
- Related: $97,502
- Other: $32,048
Where can I find the form 990 for 1205 Building Corporation?
1205 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1205 Building Corporation
The 1205 Building Corporation is dedicated to its mission of maintaining and holding real estate property. This mission is carried out for Local 1205 I.B.O.F.T., a tax-exempt entity, which is the sole shareholder of the corporation. By fulfilling this role, the 1205 Building Corporation plays a crucial part in supporting the operations of Local 1205 I.B.O.F.T., ensuring that it has the necessary property resources to function effectively.
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Impact
October, 2024
1205 Building Corporation plays a vital role in supporting the local community by managing and maintaining real property for Local 1205 I.B.O.F. T., the sole shareholder. By ensuring that these properties are well-maintained, the organization contributes to community improvement in Farmingdale, NY. The focused use of resources for property management helps sustain a solid infrastructure that fosters local activities and events, ultimately enhancing the quality of life for residents. Their efforts not only preserve physical spaces but also facilitate a sense of community belonging and pride.
This information is meant to be a general summary of 1205 Building 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,502
- Program Service Revenue: $182,145
- Gross Receipts: $184,647
Assets and Liabilities:
- Total Assets: $1,391,663
- Total Liabilities: $1,726
- Net Assets: $1,389,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$125,555
REIMB. BUILDING EXPENS
Revenue
$56,590
Organization Details
Founding Year
1969
Phone
(516) 501-1205Principal Officer
Daniel W Decrotie
Main Address
246 CONKLIN STREET, FARMINGDALE, NY, 11735
NTEE Category
Code: S47 - Community improvement
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