Local 705 Building Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 367060755 ✦ Chicago, IL ✦ Designated as a 501(c)(2)

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Overview

What is Local 705 Building Corporation?

Local 705 Building Corporation is a nonprofit organization primarily dedicated to managing real estate. Established to serve the needs of its parent organization, Local 705 I.B. of T., this corporation plays a crucial role in overseeing property affairs. The organization's mission revolves around maintaining and managing real estate assets, contributing to the overall welfare and operations of its parent body.


Official website here: www.teamsterslocal705.org

Is Local 705 Building Corporation legitimate?

Local 705 Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Local 705 Building 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: $104,094

For more financial information, click here


Official website here: www.teamsterslocal705.org

What is the mission statement of Local 705 Building Corporation?

Local 700 Building Corporation's mission is centered around managing real estate. Specifically, their role is to oversee and manage property holdings on behalf of their parent organization, Local 705 I.B. of T. This responsibility encompasses ensuring the proper use and maintenance of the real estate under their care. The corporation's mission does not involve providing services beyond real estate management.


Official website here: www.teamsterslocal705.org

Who is the CEO of Local 705 Building Corporation?

Kenneth Emanuelson is the President of Local 705 Building Corporation.


Official website here: www.teamsterslocal705.org

What is the revenue of Local 705 Building Corporation?

Local 705 Building Corporation's revenue in 2022 was $722,205.


Official website here: www.teamsterslocal705.org

Who are the executives of Local 705 Building Corporation and what are their salaries?

The average compensation at Local 705 Building Corporation during 2022 was $52,047. There are 2 employees at Local 705 Building Corporation.


Here are 8 key members and their salaries:


Kimberly Obney (Trustee)
  • Compensation: $0
  • Related: $137,100
  • Other: $89,225
Scott Rein (Trustee)
  • Compensation: $0
  • Related: $158,203
  • Other: $68,362
Joseph Bakes (Recording Secretary)
  • Compensation: $0
  • Related: $181,525
  • Other: $92,795
Juan Campos (Secretary-Treasurer)
  • Compensation: $0
  • Related: $184,411
  • Other: $95,174
Kenneth Emanuelson (President)
  • Compensation: $0
  • Related: $189,416
  • Other: $95,174
Gregory Foster (Vice-President)
  • Compensation: $0
  • Related: $180,272
  • Other: $92,670
Eddie Vallejo (Trustee)
  • Compensation: $0
  • Related: $154,486
  • Other: $68,362
Santos Marinez (Former Trustee)
  • Compensation: $0
  • Related: $188,899
  • Other: $110,452


Official website here: www.teamsterslocal705.org

Where can I find the form 990 for Local 705 Building Corporation?

Local 705 Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamsterslocal705.org

Learn more at the official website: www.teamsterslocal705.org

Mission Statement of Local 705 Building Corporation

Local 705 Building Corporation is dedicated to the task of managing real estate. This mission is carried out with the parent organization, Local 705 I.B., in mind. The corporation's primary role is to oversee and maintain various properties, ensuring their utilization and upkeep. This commitment to real estate management serves a vital function, contributing to the overall well-being and operations of Local 705 I.B. However, the provided information does not offer further insights into the specific goals or objectives of this real estate management, such as the types of properties managed or the beneficiaries of these properties.

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Impact




October, 2024

Local 705 Building Corporation significantly contributes to the community by holding and managing real estate assets in Chicago, Illinois. Its activities are primarily focused on enhancing the local environment and improving living conditions for residents. By effectively managing properties, Local 705 helps support the infrastructure and community needs, fostering both economic stability and growth. This role not only ensures the upkeep of facilities but also creates spaces that can be utilized for various community-oriented programs and initiatives. Ultimately, Local 705 Building Corporation plays a pivotal role in advocating for community improvement and the welfare of its constituents.




This information is meant to be a general summary of Local 705 Building 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.

Revenue
$722,205 (2022)
Expenses
$734,326 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $262,901
  • Gross Receipts: $1,528,733

Assets and Liabilities:

  • Total Assets: $9,407,523
  • Total Liabilities: $1,363,333
  • Net Assets: $8,044,190

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$262,901

Organization Details

Founding Year

1966

Principal Officer

Kenneth Emanuelson

Main Address

1645 W JACKSON BLVD 700, CHICAGO, IL, 60612

NTEE Category

Code: S47 - Community improvement

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