Overview
What is Local 108 Realty Corporation?
Local 108 Realty Corporation is a title holding company, operating under Section 501(C)2, based in Maplewood, New Jersey. The organization's primary function involves collecting rental income and subsequently remitting the entire amount, deducting only necessary expenses, to Local 108 (RWSDU). By serving as a title holding company, Local 108 Realty Corporation plays a crucial role in managing and distributing rental funds effectively, contributing to the financial well-being of its affiliated entity.
Is Local 108 Realty Corporation legitimate?
Local 108 Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 108 Realty 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 108 Realty Corporation?
Local 108 Realty Corporation, functioning as a title holding company under Section 501(C)(2), primarily collects rental income and subsequently remits the entire amount, after deducting expenses, to Local 108 (RWSDU). The company's primary objective is to serve as a financial intermediary, ensuring the efficient distribution of rental income. While Local 108 Realty Corporation does not have a traditional mission statement focusing on societal issues or community betterment, its role in managing rental income contributes to the financial stability of its affiliated organization, Local 108 (RWSDU).
Who is the CEO of Local 108 Realty Corporation?
Charles N Hall Jr is the Trustee of Local 108 Realty Corporation.
What is the revenue of Local 108 Realty Corporation?
Local 108 Realty Corporation's revenue in 2022 was $111,250.
Who are the executives of Local 108 Realty 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 Local 108 Realty Corporation?
Local 108 Realty Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 108 Realty Corporation
Local 108 Realty Corporation, functioning under Section 501(C)(2), serves as a title holding company. Its primary role is to collect rental income and subsequently remit the entire amount, less expenses, to Local 108 (RWSDU). This organization operates as a facilitator, channeling income and managing related expenses, thereby supporting the operations of Local 108 (RWSDU).
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Impact
October, 2024
Local 108 Realty Corporation plays a significant role in supporting community improvement efforts by acting as a title-holding company that manages rental properties. By collecting rental income and directing the majority of that revenue to Local 108 (RWSDU) after expenses, it ensures a reliable funding source that can be utilized for various community initiatives. This financial structure fosters stability and sustainability within the community, enabling Local 108 to enhance services, support programs, and address local needs. Operating out of Maplewood, NJ, Local 108 Realty Corporation contributes to the overall well-being and development of the area, reinforcing a commitment to the community's growth and improvement.
This information is meant to be a general summary of Local 108 Realty 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: $111,250
- Gross Receipts: $111,250
Assets and Liabilities:
- Total Assets: $868,518
- Total Liabilities: $824,750
- Net Assets: $43,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$111,250
Organization Details
Founding Year
2001
Phone
(973) 762-7224Principal Officer
Charles N Hall Jr
Main Address
1576 SPRINGFIELD AVE, MAPLEWOOD, NJ, 07040
NTEE Category
Code: S47 - Community improvement
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