Overview
What is Sbf Corporation?
Sbf Corporation, headquartered in Valley Stream, New York, is a nonprofit organization with a unique mission. Its primary role is to manage and operate real estate investments, acting as a representative for the Local 22 Health Benefit Fund. This fund was formerly known as the Amalgamated, Industrial and Toy & Novelty Workers of America Local 223 Sick Benefit Fund. By managing these investments, Sbf Corporation aims to generate benefits for this fund, serving a crucial role within the local community.
Is Sbf Corporation legitimate?
Sbf Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Sbf 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 Sbf Corporation?
Sbf Corporation's mission is centered around acquiring, holding, and operating real estate investments. This is done solely for the benefit of the Local 22 Health Benefit Fund, acting as its nominee. The goal is to manage these real estate investments effectively, contributing to the welfare of the fund and its beneficiaries. The corporation's activities are guided by its commitment to this specific mandate, ensuring the best possible returns for the Local 22 Health Benefit Fund.
What is the revenue of Sbf Corporation?
Sbf Corporation's revenue in 2021 was $56.
Who are the executives of Sbf Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sbf Corporation?
Sbf Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Sbf Corporation
Sbf Corporation, a nonprofit entity, is dedicated to acquiring, holding, and operating real estate investments. This mission serves a specific purpose, acting as a nominee for the Local 22 Health Benefit Fund (formerly known as the Amalgamated, Industrial, and Toy & Novelty Workers of America Local 223 Sick Benefit Fund). The primary objective of Sbf Corporation is to manage real estate investments for the sole benefit of this fund, ensuring its prosperity and sustainability.
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Impact
October, 2024
Sbf Corporation plays a vital role in enhancing community welfare through strategic real estate investments. By acquiring, holding, and operating properties, it provides critical financial support to the Local 22 Health Benefit Fund, which serves the health and well-being of its members. This investment strategy not only helps secure long-term financial resources for healthcare benefits but also contributes to the stability and growth of the local economy.
Operating out of Valley Stream, NY, Sbf Corporation is focused on creating sustainable value, ensuring that the health and benefit needs of local workers are met. The organization's commitment to real estate investment demonstrates a proactive approach to community improvement, reinforcing the importance of secure health benefits for workers and their families. Through its operations, Sbf Corporation fosters an environment where members of the community can thrive, ultimately enhancing the quality of life for those it serves.
This information is meant to be a general summary of Sbf 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 2021.
- Gross Receipts: $56
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1984
Principal Officer
Joseph Giovinco
NTEE Category
Code: S47 - Community improvement
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