Overview
What is Local 25 Corporation?
Local 25 Corporation, based in Millstone Township, New Jersey, primarily serves as a nominee for a local entity. The corporation holds the title to real estate on its behalf. While the description provided is quite straightforward, it suggests that Local 25 Corporation plays a role in real estate management within its local community. Despite its limited role, Local 25 Corporation contributes to property ownership and management within its area of operation.
Is Local 25 Corporation legitimate?
Local 25 Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 25 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 25 Corporation?
Local 25 Corporation serves as a nominee, holding title to real estate on behalf of an unspecified local entity. While the information provided does not reveal a traditional mission statement, it suggests that Local 25 Corporation plays a role in managing real estate assets for the benefit of the local entity it represents. This function could encompass various activities such as property management, maintenance, and potentially real estate development or investment, depending on the specific needs and goals of the local entity. However, without more detailed information, it is challenging to provide a more nuanced summary of Local 25 Corporation's mission.
Who is the CEO of Local 25 Corporation?
Anthony J Gonsiewski Jr is the President of Local 25 Corporation.
What is the revenue of Local 25 Corporation?
Local 25 Corporation's revenue in 2023 was $48,460.
Who are the executives of Local 25 Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $190,390
- Other: $53,241
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $154,056
- Other: $51,040
- Compensation: $0
- Related: $151,557
- Other: $50,891
- Compensation: $0
- Related: $151,557
- Other: $50,891
Where can I find the form 990 for Local 25 Corporation?
Local 25 Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Local 25 Corporation
Local 25 Corporation, as indicated, holds title to real estate as a nominee for the local. In simpler terms, this organization acts as a representative, owning property on behalf of the local entity it serves. However, the information provided does not reveal the specific purpose or objectives of this corporation beyond its property ownership role. As such, further details about its mission, activities, or programs are unavailable.
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Impact
October, 2024
Local 25 Corporation plays a pivotal role in managing real estate assets on behalf of a local organization. By holding title to property as nominee, it ensures the effective administration and stewardship of real estate resources that support community initiatives and local interests. Based in Millstone Township, New Jersey, Local 25 Corporation enhances the capacity of the local organization by providing a stable framework for property management, fostering growth and sustainability in the region. Its operations contribute to the overall vitality of the community, creating opportunities and supporting the mission of the local entity it represents.
This information is meant to be a general summary of Local 25 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 2023.
- Investment Income: $3,270
- Program Service Revenue: $45,190
- Gross Receipts: $48,460
Assets and Liabilities:
- Total Assets: $990,153
- Total Liabilities: $1,032,046
- Net Assets: -$41,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM AFFILIATES
Revenue
$45,190
Organization Details
Founding Year
1992
Phone
(732) 446-6262Principal Officer
Anthony J Gonsiewski Jr
Main Address
463 STATE ROUTE 33, MILLSTONE TOWNSHIP, NJ, 08535
NTEE Category
Code: Z99 - Unknown
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