Overview
What is Laborers Local 500 Building Corp?
Laborers Local 500 Building Corp is a nonprofit organization established to manage and oversee real estate assets belonging to Laborers Local Union No. 500, which is based in Toledo, Ohio. Specifically located at 2270 Ashland Avenue, this corporation serves as a holding entity, ensuring the proper maintenance and utilization of these properties for the benefit of the labor union. The primary objective of Laborers Local 500 Building Corp is to safeguard and optimize the real estate holdings of the labor union, thereby contributing to its overall operations and mission.
Official website here: www.laborerslocal500.org
Is Laborers Local 500 Building Corp legitimate?
Laborers Local 500 Building Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Laborers Local 500 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: $681
For more financial information, click here
Official website here: www.laborerslocal500.org
What is the mission statement of Laborers Local 500 Building Corp?
The Laborers Local 500 Building Corp serves as a holding corporation for the real estate assets of Laborers Local Union No. 500. Its primary role is to manage and oversee these real estate holdings. This organization does not have a traditional mission statement focusing on social or community service, but rather it is focused on the financial management of real estate assets for the union.
Official website here: www.laborerslocal500.org
Who is the CEO of Laborers Local 500 Building Corp?
David Fleetwood is the President of Laborers Local 500 Building Corp.
Official website here: www.laborerslocal500.org
What is the revenue of Laborers Local 500 Building Corp?
Laborers Local 500 Building Corp's revenue in 2022 was $379,947.
Official website here: www.laborerslocal500.org
Who are the executives of Laborers Local 500 Building Corp 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
Official website here: www.laborerslocal500.org
Where can I find the form 990 for Laborers Local 500 Building Corp?
Laborers Local 500 Building Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laborerslocal500.org
Learn more at the official website: www.laborerslocal500.org
Mission Statement of Laborers Local 500 Building Corp
Laborers Local 500 Building Corp serves as a holding corporation for the real estate assets of Laborers Local Union No. 500. Its primary role is to manage and oversee these real estate assets on behalf of the union. The corporation aims to ensure the effective use and maintenance of these properties, contributing to the overall financial stability and growth of the union. By functioning as a holding corporation, Laborers Local 500 Building Corp allows the union to focus on its core activities without being burdened by the intricacies of property management. This arrangement also allows for a more streamlined and efficient management of the real estate assets, ultimately benefiting the union and its members.
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Impact
October, 2024
Laborers Local 500 Building Corp plays a crucial role in managing and optimizing real estate assets for Laborers Local Union No. 500 in Toledo, Ohio. By serving as a holding corporation for these assets, it enhances the union's ability to provide support and resources to its members. This structure allows for better financial management, ultimately leading to improved services and opportunities for workers in the labor community.
The organization contributes to community improvement by utilizing its real estate holdings to foster development and promote stability within the local economy. Through strategic real estate investments, the Laborers Local 500 Building Corp supports initiatives that benefit members and bolster the surrounding community, creating jobs and enhancing the quality of life in Toledo. Its focus on real estate management not only secures financial sustainability for the union but also amplifies its impact on community development, reinforcing the union's commitment to its members and the broader public.
This information is meant to be a general summary of Laborers Local 500 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.
- Program Service Revenue: $378,182
- Gross Receipts: $379,947
Assets and Liabilities:
- Total Assets: $4,133,693
- Total Liabilities: $429,595
- Net Assets: $3,704,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSISTANCE FROM LOCAL
Revenue
$269,550
BUILDING ASSESSMENTS
Revenue
$107,032
RENTAL
Revenue
$1,600
Organization Details
Founding Year
1919
Phone
(419) 243-3279Principal Officer
David Fleetwood
Main Address
2270 ASHLAND AVENUE, TOLEDO, OH, 43620
Website
www.laborerslocal500.orgNTEE Category
Code: S47 - Community improvement
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