Overview
What is Local 111 Realty Holding Corporation?
Local 111 Realty Holding Corporation is a nonprofit organization based in Rahway, New Jersey, with an address at 1308 Pierce Street. Its primary mission is to manage and maintain real estate property on behalf of Local 202 I.B.O.T., a tax-exempt entity that serves as its sole shareholder. The corporation's purpose does not involve direct social services or community outreach, but rather focuses on property management for its affiliated organization.
Is Local 111 Realty Holding Corporation legitimate?
Local 111 Realty Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 111 Realty 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 Local 111 Realty Holding Corporation?
The Local 111 Realty Holding Corporation's mission is centered around maintaining and holding real property. This corporation serves as a property holder for Local 202 I.B.Of T., a tax-exempt entity, which is its sole shareholder. In essence, the corporation's role is to manage and preserve real estate assets on behalf of this tax-exempt organization.
Who is the CEO of Local 111 Realty Holding Corporation?
Marc Adamo is the President of Local 111 Realty Holding Corporation.
What is the revenue of Local 111 Realty Holding Corporation?
Local 111 Realty Holding Corporation's revenue in 2022 was $133,412.
Who are the executives of Local 111 Realty Holding Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $114,025
- Other: $27,489
- Compensation: $0
- Related: $132,691
- Other: $39,476
- Compensation: $0
- Related: $74,525
- Other: $28,393
Where can I find the form 990 for Local 111 Realty Holding Corporation?
Local 111 Realty Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 111 Realty Holding Corporation
Local 111 Realty Holding Corporation, as a mission-driven entity, is dedicated to holding and maintaining real property on behalf of Local 202 I.B.OF T., a tax-exempt organization. This corporation serves as the sole shareholder of Local 202 I.B.OF T., and its primary role is to manage and take care of the real estate holdings for this organization. The mission of Local 111 Realty Holding Corporation is rooted in its commitment to supporting its tax-exempt parent company, Local 202 I.B.OF T., by ensuring the proper maintenance and management of its real estate assets. This mission is crucial in upholding the integrity and financial stability of Local 202 I.B.OF T., thereby enabling it to continue its own mission and operations efficiently.
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Impact
October, 2024
Local 111 Realty Holding Corporation plays a crucial role in managing and maintaining real property for Local 202 I.B.O.F T. in Rahway, NJ. By holding and overseeing these properties, the organization directly supports the activities and mission of Local 202, which serves as a vital resource for its members and the surrounding community.
The impact of Local 111 extends beyond mere property management; it fosters community improvement by ensuring that the facilities are well-maintained and accessible. This stability allows Local 202 to focus on its initiatives, promoting union solidarity and providing valuable services to its members. By safeguarding the physical assets necessary for Local 202's operations, Local 111 contributes to the overall health and sustainability of the community it serves. This relationship enhances the capacity of Local 202 to advocate for worker rights and enhance the quality of life for its members, creating a ripple effect of positive change within the area.
This information is meant to be a general summary of Local 111 Realty 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.
- Program Service Revenue: $103,412
- Gross Receipts: $133,412
Assets and Liabilities:
- Total Assets: $745,613
- Total Liabilities: $0
- Net Assets: $745,613
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$103,412
Organization Details
Founding Year
2004
Phone
(732) 388-6336Principal Officer
Marc Adamo
Main Address
1308 PIERCE STREET, RAHWAY, NJ, 07065
NTEE Category
Code: S47 - Community improvement
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