National Association Of Letter Carriers Building Corporation

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

EIN: 521400687 ✦ Washington, DC ✦ Designated as a 501(c)(2)

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Overview

What is National Association Of Letter Carriers Building Corporation?

The National Association Of Letter Carriers Building Corporation is a title-holding organization, specifically exempt from federal income taxation under I.R.C. Sec. 501(C)(2). It primarily serves as a property custodian for the National Association of Letter Carriers, a related tax-exempt organization. The corporation holds both nonresidential and residential real estate properties, some of which are partially occupied by the National Association of Letter Carriers. Furthermore, the organization leases out remaining office spaces to affiliate tax-exempt entities and unrelated tenants. In summary, the National Association Of Letter Carriers Building Corporation acts as a property management entity for the National Association of Letter Carriers.

Is National Association Of Letter Carriers Building Corporation legitimate?

National Association Of Letter Carriers Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. National Association Of Letter Carriers 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: $0

For more financial information, click here

What is the mission statement of National Association Of Letter Carriers Building Corporation?

The National Association of Letter Carriers Building Corporation serves as a title-holding corporation for the National Association of Letter Carriers, exempt from federal income taxation under I.R.C. Sec. 501(C)(2). Its main function involves holding title to both nonresidential and residential real property, some of which is partially occupied by the National Association of Letter Carriers, a related tax-exempt organization. The corporation also leases remaining office space to a tax-exempt affiliate of NALC and unrelated tenants. Additionally, it holds other property for use by the National Association of Letter Carriers. The organization's primary role is not focused on promoting a mission statement or specific objectives; rather, it serves as a title-holding entity for related and unrelated entities.

Who is the CEO of National Association Of Letter Carriers Building Corporation?

Paul E Barner is the President of National Association Of Letter Carriers Building Corporation.

What is the revenue of National Association Of Letter Carriers Building Corporation?

National Association Of Letter Carriers Building Corporation's revenue in 2022 was $2,600,444.

Who are the executives of National Association Of Letter Carriers Building Corporation and what are their salaries?


Here are 5 key members and their salaries:


Fredric Rolando (Director)
  • Compensation: $0
  • Related: $256,126
  • Other: $60,189
Nicole Rhine (Director/Secretary-Treasurer)
  • Compensation: $0
  • Related: $204,754
  • Other: $101,226
Paul E Barner (President)
  • Compensation: $0
  • Related: $204,626
  • Other: $80,774
Brian Renfroe (Vice President)
  • Compensation: $0
  • Related: $215,026
  • Other: $49,881
Lawrence Brown Jr (Director)
  • Compensation: $0
  • Related: $40,636
  • Other: $4,932
Where can I find the form 990 for National Association Of Letter Carriers Building Corporation?

National Association Of Letter Carriers Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of National Association Of Letter Carriers Building Corporation

The National Association of Letter Carriers Building Corporation serves as a title-holding corporation for the National Association of Letter Carriers, enjoying exemption from federal income taxation under I.R.C. Sec. 501(C)(2). Its primary role involves holding title to both nonresidential and residential real property, a portion of which is occupied by the National Association of Letter Carriers, a related tax-exempt organization. The organization also leases out the remaining office space to tax-exempt affiliates of NALC and unrelated tenants. Beyond real estate, the corporation also manages other properties that are utilized by the National Association of Letter Carriers.

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Impact




October, 2024

The National Association of Letter Carriers Building Corporation plays a vital role in supporting the operations and goals of the National Association of Letter Carriers (NALC) by managing and holding title to essential real estate assets. This organization strategically acquires and maintains both residential and nonresidential properties in Washington, D.C., ensuring that NALC has a stable and functional base for its activities.

By leasing excess office space to other tax-exempt affiliates and various unrelated tenants, the corporation generates revenue that can be reinvested to further enhance the NALC's mission. This financial support can be crucial for advancing community improvement initiatives and providing resources for letter carriers and their families.

Overall, the National Association of Letter Carriers Building Corporation's impact extends beyond mere property management; it fosters a foundation that enables the NALC to coordinate its efforts effectively, advocate for its members, and contribute positively to community development.




This information is meant to be a general summary of National Association Of Letter Carriers 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
$2,600,444 (2022)
Expenses
$2,058,374 (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: $2,563,453
  • Gross Receipts: $2,600,444

Assets and Liabilities:

  • Total Assets: $21,825,275
  • Total Liabilities: $14,426,022
  • Net Assets: $7,399,253

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Programs

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

RENTAL INCOME

Revenue

$2,563,453

Organization Details

Founding Year

1983

Principal Officer

Paul E Barner

Main Address

100 INDIANA AVE NW, WASHINGTON, DC, 200012144

NTEE Category

Code: S47 - Community improvement

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