Overview
What is The Steamfitters Local Union 420 Realty Inc?
The Steamfitters Local Union 420 Realty Inc, located in Philadelphia, Pennsylvania, serves as a property holding entity. Its primary purpose is to collect income generated from these properties and transmit the entire net amount, after deducting expenses, to the Steamfitters Local Union No. 420. This union, exempt under Section 501(C)(5) of the Internal Revenue Code, operates with a charitable focus. By acting as a realty entity, The Steamfitters Local Union 420 Realty Inc plays a supporting role in managing property-related resources for the parent union.
Is The Steamfitters Local Union 420 Realty Inc legitimate?
The Steamfitters Local Union 420 Realty Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Steamfitters Local Union 420 Realty 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
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What is the mission statement of The Steamfitters Local Union 420 Realty Inc?
The mission of The Steamfitters Local Union 420 Realty Inc. involves holding title to property and collecting the income generated from it. The primary goal is to then distribute the net income, after deducting expenses, to The Steamfitters Local Union No. 420, which is exempt under Section 501(C)(5) of the Internal Revenue Code. This organization's role is essential in supporting the Steamfitters Local Union No. 420, contributing to its operations and activities.
Who is the CEO of The Steamfitters Local Union 420 Realty Inc?
James J Snell is the President/Director of The Steamfitters Local Union 420 Realty Inc.
What is the revenue of The Steamfitters Local Union 420 Realty Inc?
The Steamfitters Local Union 420 Realty Inc's revenue in 2022 was $623,712.
Who are the executives of The Steamfitters Local Union 420 Realty Inc and what are their salaries?
Here are 21 key members and their salaries:
- Compensation: $0
- Related: $217,470
- Other: $160,895
- Compensation: $0
- Related: $188,679
- Other: $142,932
- Compensation: $0
- Related: $176,306
- Other: $139,695
- Compensation: $0
- Related: $177,438
- Other: $139,695
- Compensation: $0
- Related: $184,802
- Other: $141,717
- Compensation: $0
- Related: $174,640
- Other: $139,695
- Compensation: $0
- Related: $2,125
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $176,023
- Other: $139,695
- Compensation: $0
- Related: $177,188
- Other: $139,695
- Compensation: $0
- Related: $176,317
- Other: $139,695
- Compensation: $0
- Related: $169,520
- Other: $139,150
- Compensation: $0
- Related: $175,620
- Other: $139,695
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,125
- Other: $0
- Compensation: $0
- Related: $1,466
- Other: $0
- Compensation: $0
- Related: $1,466
- Other: $0
- Compensation: $0
- Related: $1,466
- Other: $0
Where can I find the form 990 for The Steamfitters Local Union 420 Realty Inc?
The Steamfitters Local Union 420 Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Steamfitters Local Union 420 Realty Inc
The Steamfitters Local Union 420 Realty Inc's primary mission is to serve a supportive role for the Steamfitters Local Union No. 420, which is exempt under Section 501(C)(5) of the Internal Revenue Code. This realty entity's purpose is to hold title to property, collect the income generated from this property, and subsequently transfer the net income after deducting expenses to the Steamfitters Local Union No. 420. This financial support contributes to the ongoing operations and activities of the union, which focuses on the steamfitting trade. The Steamfitters Local Union 420 Realty Inc plays a crucial role in facilitating the financial well-being of its associated union, thereby indirectly supporting the profession and its members.
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Impact
October, 2024
The Steamfitters Local Union 420 Realty Inc plays a significant role in facilitating economic stability and growth for the Steamfitters Local Union No. 420. By holding title to property and managing its income, this organization ensures that financial resources are directed back into the union, ultimately benefiting its members. The collected revenue helps support training programs, community initiatives, and workforce development, which are crucial for maintaining high standards in the steamfitting trade.
Located in Philadelphia, the organization contributes to community improvement by enhancing the financial viability of the union. This, in turn, fosters a stronger labor force, promotes job security, and provides ongoing support for union activities. The systemic flow of income back to the Steamfitters Local Union No. 420 enriches the fabric of the community, creating a more skilled and well-equipped workforce that can respond effectively to industry demands. Through its operations, The Steamfitters Local Union 420 Realty Inc embodies a sustainable model that benefits both its members and the broader community.
This information is meant to be a general summary of The Steamfitters Local Union 420 Realty 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: $623,712
- Gross Receipts: $623,712
Assets and Liabilities:
- Total Assets: $7,216,617
- Total Liabilities: $10,146
- Net Assets: $7,206,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$623,712
Organization Details
Founding Year
2002
Phone
(267) 350-4200Principal Officer
James J Snell
Main Address
14420 TOWNSEND ROAD, PHILADELPHIA, PA, 19154
NTEE Category
Code: S47 - Community improvement
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