Overview
What is Local 25 Permanent Building Corp?
Local 25 Permanent Building Corp is a nonprofit organization, established with the primary objective of managing and owning property. It collects income generated from these properties and subsequently transfers the funds, after deducting expenses, to a related labor organization. The corporation's main role is to provide a suitable workspace for this affiliated labor organization, thus supporting its operations. This organization, based in Washington D.C., contributes to the larger community by offering space and resources to a related labor group.
Is Local 25 Permanent Building Corp legitimate?
Local 25 Permanent Building Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 25 Permanent Building Corp 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 Permanent Building Corp?
The Local 25 Permanent Building Corp is established with the primary objective of holding title to various types of property, including real estate, personal property, or a mix of both. The corporation collects income generated from these properties and subsequently transfers the total amount, after deducting expenses, to a related labor organization. This organization serves as the beneficiary of the income generated by Local 25 Permanent Building Corp. The corporation also provides office space for the use of this labor organization.
Who is the CEO of Local 25 Permanent Building Corp?
Paul Schwalb is the President of Local 25 Permanent Building Corp.
What is the revenue of Local 25 Permanent Building Corp?
Local 25 Permanent Building Corp's revenue in 2022 was $387,092.
Who are the executives of Local 25 Permanent Building Corp and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $144,816
- Other: $24,241
- Compensation: $0
- Related: $122,215
- Other: $33,267
- Compensation: $0
- Related: $108,653
- Other: $45,424
- Compensation: $0
- Related: $100,140
- Other: $45,950
Where can I find the form 990 for Local 25 Permanent Building Corp?
Local 25 Permanent Building Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 25 Permanent Building Corp
Local 25 Permanent Building Corp is an organization with a specific mission. Its primary objective is to manage property, whether it's real estate, personal belongings, or a mix of both. The corporation collects income generated from these properties and then transmits the entire sum, after deducting expenses, to a related labor organization. This mission serves to support the operations and growth of the associated labor organization, ensuring its continued success and service to its members. By holding title to properties and overseeing their income generation, Local 25 Permanent Building Corp plays a crucial role in the broader operations of the linked labor organization.
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Impact
October, 2024
Local 25 Permanent Building Corp has a significant impact on the labor community in Washington, DC, primarily through its role in managing property and resources for a related labor organization. By holding title to various properties and generating income from them, the organization ensures that essential office space is available for labor activities. This support is crucial for the operations of the labor organization, enabling it to focus on advocacy, worker rights, and community engagement.
Furthermore, by efficiently managing these assets and turning over proceeds after expenses, Local 25 Permanent Building Corp helps sustain the financial health of the labor organization it supports. This, in turn, empowers the labor movement, allowing it to effectively serve its members and promote human services within the community. The corporation plays a vital part in fostering a strong labor presence in the region, contributing to the overall vitality of Washington's labor landscape.
This information is meant to be a general summary of Local 25 Permanent Building Corp. 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: $92
- Program Service Revenue: $387,000
- Gross Receipts: $387,092
Assets and Liabilities:
- Total Assets: $4,675,644
- Total Liabilities: $0
- Net Assets: $4,675,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$387,000
Organization Details
Founding Year
2009
Phone
(202) 737-2225Principal Officer
Paul Schwalb
Main Address
901 K STREET NW 200, WASHINGTON, DC, 20001
NTEE Category
Code: P20 - Human services
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