Overview
What is Local 560 Building Corporation?
Local 560 Building Corporation is a small, nonprofit organization situated in Union City, New Jersey. With a single employee, their primary role is to manage and operate real estate properties on behalf of Teamsters Local No. 560. This organization's mission is centered around providing necessary infrastructure for the local union, ensuring their operations run smoothly. While their focus is primarily on real estate, their role in supporting the local union is vital to its overall function.
Is Local 560 Building Corporation legitimate?
Local 560 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 560 Building 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: $51,648
For more financial information, click here
What is the mission statement of Local 560 Building Corporation?
The Local 560 Building Corporation's mission is centered around managing and operating real estate properties. This mission is specifically designed to serve Teamsters Local No. 560. The corporation's primary role is to hold the title to these properties, ensuring their proper management and operation for the benefit of the local union. This mission underscores the corporation's commitment to supporting its affiliated union, Teamsters Local No. 560.
Who is the CEO of Local 560 Building Corporation?
Joseph Dipalma is the Recording Secretary of Local 560 Building Corporation.
What is the revenue of Local 560 Building Corporation?
Local 560 Building Corporation's revenue in 2022 was $415,087.
Who are the executives of Local 560 Building Corporation and what are their salaries?
The average compensation at Local 560 Building Corporation during 2022 was $51,648. There is 1 employee at Local 560 Building Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $109,512
- Other: $86,518
- Compensation: $0
- Related: $113,304
- Other: $77,987
- Compensation: $0
- Related: $116,696
- Other: $83,711
- Compensation: $0
- Related: $108,958
- Other: $77,346
- Compensation: $0
- Related: $109,545
- Other: $94,696
- Compensation: $0
- Related: $428
- Other: $0
- Compensation: $0
- Related: $3,520
- Other: $0
Where can I find the form 990 for Local 560 Building Corporation?
Local 560 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 560 Building Corporation
Local 560 Building Corporation is dedicated to managing and operating real estate properties primarily for the benefit of Teamsters Local No. 560. By holding title to these properties, the corporation provides a suitable environment for this labor union to carry out its operations. This mission serves as a crucial support system for Teamsters Local No. 560, enabling them to effectively conduct their activities. The corporation's role in property management and operation ensures that the union has a suitable space for its operations, thereby contributing to its overall functionality.
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Impact
October, 2024
Local 560 Building Corporation plays a crucial role in supporting the Teamsters Local No. 560 by managing and operating real property in Union City, NJ. By holding title to these properties, the corporation ensures that the facilities serve as valuable resources for the union and its members. This operation enhances the overall functioning of Teamsters Local No. 560, fostering a stronger community and facilitating various activities, meetings, and events that promote worker rights and solidarity. The corporation's focus on community improvement strengthens ties among members and provides a dedicated space for advocacy and support, ultimately benefiting the wider community.
This information is meant to be a general summary of Local 560 Building 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: $409,892
- Gross Receipts: $415,087
Assets and Liabilities:
- Total Assets: $591,787
- Total Liabilities: $0
- Net Assets: $591,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$409,892
Organization Details
Founding Year
1993
Phone
(201) 864-0051Principal Officer
Joseph Dipalma
Main Address
707 SUMMIT AVENUE, UNION CITY, NJ, 07087
NTEE Category
Code: S47 - Community improvement
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