Overview
What is Tacoma Valley Building Association?
Tacoma Valley Building Association is a nonprofit organization situated in Tacoma, Washington, with an address at 817 S Vassault St. Primarily, this association serves as a title-holding corporation, responsible for managing a building and its associated land. They collect rent from tenants and distribute funds for the building's maintenance expenses. Notably, Tacoma Valley Building Association is owned by a single 501(C)10 corporation, the Ancient & Accepted Scottish Rite of Tacoma and Coordinate Bodies, with an EIN number 91-0435305.
Is Tacoma Valley Building Association legitimate?
Tacoma Valley Building Association is a legitimate nonprofit organization registered as a 501(c)(2) entity. Tacoma Valley Building Association 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.
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What is the mission statement of Tacoma Valley Building Association?
The Tacoma Valley Building Association serves as a title-holding corporation, primarily collecting rent and disbursing payments for a building. Its operations are overseen by a single 501(C)10 corporation, namely the Ancient & Accepted Scottish Rite of Tacoma and coordinating bodies, identified by EIN 91-0435305. In essence, the association's primary role is to manage the financial aspects of the building, including expenses and profits distribution, to the aforementioned corporation. It does not have a traditional mission statement focusing on promoting social causes or providing community services.
Who is the CEO of Tacoma Valley Building Association?
Joseph Mcallister is the President of Tacoma Valley Building Association.
What is the revenue of Tacoma Valley Building Association?
Tacoma Valley Building Association's revenue in 2022 was -$18,053.
Who are the executives of Tacoma Valley Building Association and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Tacoma Valley Building Association?
Tacoma Valley Building Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tacoma Valley Building Association
Tacoma Valley Building Association, as a title-holding corporation, is primarily focused on collecting rent and managing payments related to a specific building. Owned by the Ancient & Accepted Scottish Rite of Tacoma and its coordinating bodies, this non-profit organization assumes the responsibility of maintaining the financial aspects of the property, covering expenses and distributing any profits to its managing corporation. In essence, Tacoma Valley Building Association serves as a financial intermediary, ensuring the smooth operation and financial well-being of the associated building.
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Impact
October, 2024
Tacoma Valley Building Association significantly contributes to the economic and social fabric of the Tacoma community by managing the ownership and financial operations of a key property in the area. By holding the title to the building and land, it plays a critical role in facilitating the generation of rental income, which is then meticulously allocated to cover necessary building expenses. This efficient financial management supports the sustainability of the property, ensuring that it remains a viable space for community activities.
Through the disbursement of profits to the managing corporation, the association aids in maintaining and potentially enhancing the property, which may also boost local economic activity. The focused mission of the Tacoma Valley Building Association underlines its commitment to prudent financial stewardship, ultimately benefiting the broader community by fostering a stable infrastructure for various endeavors associated with the Ancient & Accepted Scottish Rite of Tacoma and its coordinating bodies.
This information is meant to be a general summary of Tacoma Valley Building Association. 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.
- Investment Income: $22
- Gross Receipts: $40,148
Assets and Liabilities:
- Total Assets: $1,124,555
- Total Liabilities: $151
- Net Assets: $1,124,404
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Organization Details
Founding Year
2008
Phone
(253) 565-0272Principal Officer
Joseph Mcallister
Main Address
817 S VASSAULT ST, TACOMA, WA, 98465
NTEE Category
Code: Z99 - Unknown
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