Overview
What is 32-43 49th Street Holding Corporation?
The 32-43 49th Street Holding Corporation is a nonprofit organization, specifically established to manage and maintain real property. This entity serves as a holding company for Local 553 I. B. of T., a tax-exempt organization that holds the sole share in this corporation. The primary objective of the 32-43 49th Street Holding Corporation is to preserve and manage the real estate properties for the benefit of Local 553 I. B. of T. This nonprofit organization is located at 32-43 49th Street, Long Island City, New York, 11103.
Is 32-43 49th Street Holding Corporation legitimate?
32-43 49th Street Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. 32-43 49th Street Holding 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
What is the mission statement of 32-43 49th Street Holding Corporation?
The 32-43 49th Street Holding Corporation's primary role is to maintain and hold real property. This corporation serves as a property holder for a tax-exempt entity, Local 553 I.B. of T., which is its sole shareholder. The corporation's mission is essentially to support the activities and needs of Local 553 I.B. of T. by providing and managing the necessary real estate infrastructure. The corporation's actions are geared towards ensuring the continued operation and maintenance of the property for the benefit of this tax-exempt entity.
Who is the CEO of 32-43 49th Street Holding Corporation?
Demos Demopoulos is the Trustee of 32-43 49th Street Holding Corporation.
What is the revenue of 32-43 49th Street Holding Corporation?
32-43 49th Street Holding Corporation's revenue in 2022 was $395,529.
Who are the executives of 32-43 49th Street Holding Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $190,489
- Other: $49,391
- Compensation: $0
- Related: $152,725
- Other: $51,047
Where can I find the form 990 for 32-43 49th Street Holding Corporation?
32-43 49th Street Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 32-43 49th Street Holding Corporation
32-43 49th Street Holding Corporation, as a mission-driven organization, is primarily dedicated to maintaining and preserving real property. This role is undertaken for Local 553 I.B. of T., a tax-exempt entity that serves as the sole shareholder. In essence, the corporation's mission is to ensure the long-term upkeep and management of properties on behalf of Local 553 I.B. of T., thereby supporting its operations and objectives. This function is crucial in providing a stable environment for Local 553 I.B. of T. to carry out its own mission and activities effectively.
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Impact
October, 2024
32-43 49th Street Holding Corporation plays a crucial role in the management and preservation of real property for Local 553 I.B. of T. This organization ensures that the physical assets necessary for the operation and activities of Local 553 are maintained effectively. By holding and maintaining these properties, it supports the mission of Local 553, which serves its members and the wider community.
The impact of the corporation can be seen through its commitment to community improvement. By maintaining relevant real estate, it provides a stable foundation for the union's activities, fostering engagement, support, and advocacy among its members. This stability is essential for the union's operations, allowing it to focus on enhancing the welfare of its constituents and the surrounding community. Overall, 32-43 49th Street Holding Corporation serves as a vital asset that underpins the efforts of Local 553, contributing to a more organized, engaged, and supportive community.
This information is meant to be a general summary of 32-43 49th Street Holding 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: $683
- Program Service Revenue: $394,846
- Gross Receipts: $395,529
Assets and Liabilities:
- Total Assets: $736,010
- Total Liabilities: $0
- Net Assets: $736,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$366,590
REIMB. BUILDING EXPENS
Revenue
$28,256
Organization Details
Founding Year
1965
Phone
(718) 726-2525Principal Officer
Demos Demopoulos
Main Address
32-43 49TH STREET, LONG ISLAND CITY, NY, 11103
NTEE Category
Code: S47 - Community improvement
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