Overview
What is Iron Workers Local 361 Realty Corp?
Iron Workers Local 361 Realty Corp serves as a nominee organization for the International Association of Bridge, Structural, and Ornamental Iron Workers Local 361. Its primary function is to manage real estate properties, collecting income from these properties. The company then deducts its expenses before transferring the remaining funds to the aforementioned union, which is considered an exempt organization. The establishment of Iron Workers Local 361 Realty Corp was a strategic move by the union to secure property ownership.
Official website here: www.local361.com
Is Iron Workers Local 361 Realty Corp legitimate?
Iron Workers Local 361 Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Iron Workers Local 361 Realty Corp submitted a form 990EZ, 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.
Official website here: www.local361.com
What is the mission statement of Iron Workers Local 361 Realty Corp?
The mission of Iron Workers Local 361 Realty Corp, in essence, is to serve as a nominee for its affiliated union, the International Association of Bridge, Structural & Ornamental Iron Workers Local 361. Its primary objective is to hold title to real property and generate income from it. The income collected, after deducting expenses, is then transferred to the International Association of Bridge, Structural & Ornamental Iron Workers Local 361, which is a tax-exempt organization. The establishment of Iron Workers Local 361 Realty Corp by the union was to facilitate the holding of title to real estate properties.
Official website here: www.local361.com
Who is the CEO of Iron Workers Local 361 Realty Corp?
Matthew Chartrand is the President of Iron Workers Local 361 Realty Corp.
Official website here: www.local361.com
What is the revenue of Iron Workers Local 361 Realty Corp?
Iron Workers Local 361 Realty Corp's revenue in 2023 was $62,400.
Official website here: www.local361.com
Who are the executives of Iron Workers Local 361 Realty Corp and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.local361.com
Where can I find the form 990EZ for Iron Workers Local 361 Realty Corp?
Iron Workers Local 361 Realty Corp's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.local361.com
Learn more at the official website: www.local361.com
Mission Statement of Iron Workers Local 361 Realty Corp
Iron Workers Local 361 Realty Corp's primary mission is to serve as a nominee for the International Association of Bridge, Structural, and Ornamental Iron Workers Local 361. Its primary role is to hold title to various real estate properties and manage the income generated from these properties. The corporation collects the income earned from these properties and after deducting necessary expenses, it transfers the remaining amount to the International Association of Bridge, Structural, and Ornamental Iron Workers Local 361. This exempt organization utilizes the funds for its operations and initiatives. Iron Workers Local 361 Realty Corp was established with the specific purpose of acting as a trustee for the union, ensuring the proper management and allocation of real estate assets.
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Impact
October, 2024
Iron Workers Local 361 Realty Corp plays a crucial role in supporting the operations and objectives of the International Association of Bridge, Structural & Ornamental Iron Workers Local 361. By holding title to real property and managing associated income, the corporation effectively ensures that funds are directed to the union's activities after covering necessary expenses. This financial stewardship bolsters the union's capacity to advocate for its members and invest in community improvement initiatives.
Established as a nominee of the union, Iron Workers Local 361 Realty Corp directly contributes to the sustainability and growth of the local labor movement, fostering better working conditions and opportunities for iron workers in the Ozone Park area and beyond. Its activities reflect a commitment to community stability and enhancement, ultimately benefiting union members and the broader community through improved resources and support.
This information is meant to be a general summary of Iron Workers Local 361 Realty Corp. 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 2023.
- Gross Receipts: $62,400
Assets and Liabilities:
- Total Assets: $158,350
- Total Liabilities: $0
- Net Assets: $158,350
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Organization Details
Phone
(718) 322-1016Principal Officer
Matthew Chartrand
Main Address
89-19 97 AVENUE, OZONE PARK, NY, 11416
Website
www.local361.comNTEE Category
Code: S47 - Community improvement
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