Overview
What is Bit Holdings Three Inc?
Bit Holdings Three Inc is a corporation established in Baltimore, Maryland, for the primary purpose of acquiring real property, holding title, and collecting income from the rentals. The corporation distributes the entire earnings, less expenses, to qualified shareholders. In 2022, Bit Holdings Three Inc owned several properties directly and indirectly and generated approximately $341 million in earnings from these properties.
What are the reviews and ratings of this charity?
Bit Holdings Three Inc is not currently rated by Charity Navigator due to its lack of 501(c)(3) IRS registration. Charity Navigator's methodology necessitates either an Accountability & Finance beacon or an Impact & Measurement beacon, both of which require 501(c)(3) status. As a result, no assessment, positive or negative, can be inferred from the absence of a rating.
Since Bit Holdings Three Inc does not electronically file Form 990, vital financial data such as total revenue, expenses, and key person salaries remain unavailable. The organization operates independently, without affiliations or notable financial insights, making comprehensive evaluation challenging.
No user reviews are available on GreatNonprofits, meaning there is no direct feedback from individuals who have engaged with or benefited from Bit Holdings Three Inc's initiatives. This limits the understanding of its community impact and operational effectiveness from a public perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Bit Holdings Three Inc legitimate?
Bit Holdings Three Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Bit Holdings Three 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:
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What is the mission statement of Bit Holdings Three Inc?
Bit Holdings Three Inc was established with the primary goal of acquiring real property, maintaining ownership, and generating income from these assets. The corporation collects rent from the properties and distributes the entire earnings, excluding expenses, to qualified shareholders. In 2022, Bit Holdings Three managed several properties, both directly and indirectly, and transferred approximately $341 million in earnings to the AFL-CIO Building Investment Trust. The mission of Bit Holdings Three Inc remains focused on the acquisition and management of real estate, with the purpose of generating income and redistributing it to its shareholders.
Who is the CEO of Bit Holdings Three Inc?
Cynthia Helms is the Pres/Asst Secretary/Asst Treasurer of Bit Holdings Three Inc.
What is the revenue of Bit Holdings Three Inc?
Bit Holdings Three Inc's revenue in 2022 was $40,242,400.
Who are the executives of Bit Holdings Three Inc and what are their salaries?
There 7 volunteers at Bit Holdings Three Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Bit Holdings Three Inc?
Bit Holdings Three Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bit Holdings Three Inc
Bit Holdings Three Inc is a corporation established with the primary objective of acquiring real property, retaining ownership, and earning income from the rental of these assets. The organization's mission is to accumulate real estate, maintain title, and distribute the net proceeds, excluding expenses, to a specific recipient – the AFL-CIO Building Investment Trust. Throughout 2022, Bit Holdings Three managed several properties, both directly and indirectly, and distributed approximately $341 million in earnings to the trust from the rental income generated.
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Impact
October, 2024
Bit Holdings Three Inc has a significant impact primarily through its strategic acquisition and management of real estate assets. By holding title to various properties, it generates substantial rental income, which it effectively redistributes. In 2022, the corporation distributed approximately $341 million earned from these properties to the AFL-CIO Building Investment Trust, reinforcing financial support for cooperative initiatives and community development projects.
This approach not only enhances the profitability of investments for stakeholders but also contributes to community improvement by fostering economic growth and stability in the regions where it operates. The emphasis on real property management and income generation helps create a sustainable financial model that can be instrumental in supporting long-term community development goals. Overall, Bit Holdings Three Inc plays a vital role in facilitating investment and growth opportunities, thus benefiting both shareholders and the larger community.
This information is meant to be a general summary of Bit Holdings Three 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.
- Investment Income: -$14,406,220
- Gross Receipts: $93,924,791
Assets and Liabilities:
- Total Assets: $969,623,957
- Total Liabilities: $178,290,667
- Net Assets: $791,333,290
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Organization Details
Founding Year
1994
Phone
(410) 237-5727Principal Officer
Cynthia Helms
Main Address
CO PNC BANK NA ONE E PRATT STREET, BALTIMORE, MD, 21202
NTEE Category
Code: S47 - Community improvement
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