Overview
What is 195 Montague Corp?
195 Montague Corp is a real estate holding company situated beyond the details provided. Its primary role involves acquiring and managing properties, generating income from these rentals. The unique aspect of 195 Montague Corp is its financial commitment to a tax-exempt organization named Local 100 Twu. This organization utilizes the income generated by 195 Montague Corp to offer member services and representation, contributing to the betterment of its community.
Is 195 Montague Corp legitimate?
195 Montague Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 195 Montague 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 195 Montague Corp?
195 Montague Corp, functioning as a real estate holding company, generates revenue from its property rentals. The earnings are then redirected to a tax-exempt organization, local 100 twu, for the purpose of offering member services and representation. In essence, 195 Montague Corp contributes financially to this organization, enabling it to cater to its members' needs and advocacy efforts.
Who is the CEO of 195 Montague Corp?
John Chiarello is the Record Secretary of 195 Montague Corp.
What is the revenue of 195 Montague Corp?
195 Montague Corp's revenue in 2022 was $1,207,540.
Who are the executives of 195 Montague Corp and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $138,092
- Other: $35,493
- Compensation: $0
- Related: $75,807
- Other: $15,399
- Compensation: $0
- Related: $23,001
- Other: $10,480
- Compensation: $0
- Related: $143,063
- Other: $44,796
- Compensation: $0
- Related: $144,712
- Other: $47,020
- Compensation: $0
- Related: $139,632
- Other: $44,676
Where can I find the form 990 for 195 Montague Corp?
195 Montague Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 195 Montague Corp
195 Montague Corporation, functioning as a real estate holding company, generates revenue from its property rentals. This income serves a significant purpose, as it is channeled to a tax-exempt organization named Local 100 TWU. This organization utilizes the funds for the provision of member services and representation, thereby contributing to the community in a distinct manner. In essence, 195 Montague Corporation's mission involves generating revenue from its real estate holdings and then donating a portion of it to Local 100 TWU, which in turn uses these funds to support its members and advocate on their behalf.
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Impact
October, 2024
195 Montague Corp plays a significant role in enhancing community welfare through its real estate activities. By operating as a real estate holding company, it generates rental income from its properties, which provides crucial financial support. This income is then transferred to Local 100 TWU, enabling the organization to offer essential services and representation to its members.
The corporation's impact extends beyond just financial contributions; it contributes to community improvement in Brooklyn, NY, by ensuring that the resources generated are used to enhance the support structures available to workers. Through its operations, 195 Montague Corp not only stabilizes local real estate but also champions the interests and representation of its community, fostering a stronger and more supportive environment for its members.
This information is meant to be a general summary of 195 Montague 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: $13
- Program Service Revenue: $1,117,426
- Gross Receipts: $1,207,540
Assets and Liabilities:
- Total Assets: $17,633,426
- Total Liabilities: $8,701,456
- Net Assets: $8,931,970
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,117,426
Organization Details
Founding Year
2012
Phone
(212) 873-6000Principal Officer
John Chiarello
Main Address
195 MONTAGUE ST 3RD FLOOR, BROOKLYN, NY, 11201
NTEE Category
Code: S50 - Community improvement
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