Overview
What is Local 5 Holdings Inc?
Local 5 Holdings Inc is a Hawaii-based nonprofit corporation, specifically located at 1516 S KING STREET, Honolulu, HI 96826. The primary role of this organization is to own the building that houses the offices of UNITE HERE Local 5, another Hawaii nonprofit corporation. This building serves as a vital operational base for the aforementioned organization, ensuring they have a suitable space to carry out their objectives. The specifics of UNITE HERE Local 5's activities or mission are not provided in the information, but Local 5 Holdings Inc's purpose is centered around providing a physical space for their operations.
Is Local 5 Holdings Inc legitimate?
Local 5 Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 5 Holdings Inc 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 5 Holdings Inc?
Local 5 Holdings Inc's primary role is to manage a building, serving as its proprietor. This structure houses the offices of Unite Here Local 5, a nonprofit organization based in Hawaii. The purpose of Local 5 Holdings Inc is essentially to provide a physical space for this nonprofit organization to carry out its operations. While the information provided does not detail the specific activities or objectives of Unite Here Local 5, it is safe to infer that Local 5 Holdings Inc supports the mission of this organization by providing it with a suitable workplace.
Who is the CEO of Local 5 Holdings Inc?
Cade Watanabe is the Chair of Local 5 Holdings Inc.
What is the revenue of Local 5 Holdings Inc?
Local 5 Holdings Inc's revenue in 2022 was $439,159.
Who are the executives of Local 5 Holdings Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $99,927
- Other: $25,233
- Compensation: $0
- Related: $82,955
- Other: $24,698
- Compensation: $0
- Related: $72,692
- Other: $24,337
- Compensation: $0
- Related: $0
- Other: $118
Where can I find the form 990 for Local 5 Holdings Inc?
Local 5 Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 5 Holdings Inc
Local 5 Holdings Inc, as a corporate entity, is dedicated to fulfilling a specific mission. Its primary objective is to own the building that houses the offices of Unite Here Local 5, a nonprofit organization based in Hawaii. By owning the building, Local 5 Holdings Inc plays a crucial role in providing a physical space for the day-to-day operations of Unite Here Local 5. This mission underscores the company's commitment to supporting the nonprofit sector and contributing to the broader community. By owning the building, Local 5 Holdings Inc enables Unite Here Local 5 to carry out its own mission and activities in a stable and secure environment. This mission of Local 5 Holdings Inc is a testament to its dedication to community-focused endeavors, demonstrating a strong sense of social responsibility.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Local 5 Holdings Inc plays a vital role in the community by providing a stable location that houses the offices of UNITE HERE Local 5 in Honolulu, Hawaii. By owning the building where this organization operates, Local 5 Holdings Inc supports the efforts of UNITE HERE Local 5 in advocating for workers’ rights and improving labor conditions. This establishment fosters a sense of solidarity among workers, promoting community engagement and enhancing the local economy through its commitment to labor advocacy.
The presence of Local 5 Holdings Inc contributes to community improvement by ensuring that the union has a dedicated space to organize, educate, and mobilize workers. This directly impacts various sectors within the community, addressing issues related to labor rights and workforce development. Ultimately, Local 5 Holdings Inc serves as a cornerstone for initiatives that enhance the well-being of both workers and the wider community in Honolulu.
This information is meant to be a general summary of Local 5 Holdings Inc. 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: $439,159
- Gross Receipts: $439,159
Assets and Liabilities:
- Total Assets: $4,209,868
- Total Liabilities: $1,738,008
- Net Assets: $2,471,860
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$439,159
Organization Details
Founding Year
2009
Phone
(808) 941-2141Principal Officer
Cade Watanabe
Main Address
1516 S KING STREET, HONOLULU, HI, 96826
NTEE Category
Code: S47 - Community improvement
If you are a representative of Local 5 Holdings Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.