Overview
What is Electrical Industry Real Estate Fund Llc?
Electrical Industry Real Estate Fund Llc is a nonprofit organization situated in Flushing, New York, specifically at 158-11 Harry Van Arsdale Jr Avenue. Its primary objective is to ensure investment security and diversification for its exempt owner organizations. The fund achieves this by offering lending opportunities secured by first mortgages on residential real estate properties owned by members of Local Union No 3, IBEW AFL-CIO. This strategy aims to diversify investments for the owning exempt organizations.
Official website here: www.jibei.org
Is Electrical Industry Real Estate Fund Llc legitimate?
Electrical Industry Real Estate Fund Llc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Electrical Industry Real Estate Fund Llc 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
Official website here: www.jibei.org
What is the mission statement of Electrical Industry Real Estate Fund Llc?
Electrical Industry Real Estate Fund LLC's mission is centered around providing security and diversification of investments for the owning exempt organizations. Specifically, the fund offers lending opportunities secured by first mortgages on residential real property owned by members of Local Union No. 3, IBEW AFL-CIO. This strategy aims to not only safeguard investments but also provide opportunities for diversification within the real estate sector. The fund's activities contribute to the financial stability of its owning exempt organizations, thereby supporting their overall operations and growth.
Official website here: www.jibei.org
Who is the CEO of Electrical Industry Real Estate Fund Llc?
Humberto J Restrepo is the Trustee of Electrical Industry Real Estate Fund Llc.
Official website here: www.jibei.org
What is the revenue of Electrical Industry Real Estate Fund Llc?
Electrical Industry Real Estate Fund Llc's revenue in 2022 was -$294,427.
Official website here: www.jibei.org
Who are the executives of Electrical Industry Real Estate Fund Llc and what are their salaries?
There 13 volunteers at Electrical Industry Real Estate Fund Llc.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jibei.org
Where can I find the form 990 for Electrical Industry Real Estate Fund Llc?
Electrical Industry Real Estate Fund Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jibei.org
Learn more at the official website: www.jibei.org
Mission Statement of Electrical Industry Real Estate Fund Llc
Electrical Industry Real Estate Fund LLC, in its mission, seeks to provide security and diversification of investments for its owning exempt organizations. More specifically, the fund focuses on lending on the security of first mortgages on residential real property owned by members of Local Union No. 3, IBEW AFL-CIO. By doing so, the fund aims to provide a stable source of income and investment opportunities for its affiliated organizations. This mission aligns with the broader goal of providing financial stability and growth for the exempt organizations that the fund serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Electrical Industry Real Estate Fund LLC plays a crucial role in supporting the financial stability and growth of its members, primarily focusing on local union members of Local Union No. 3, IBEW AFL-CIO. By providing lending against first mortgages on residential properties owned by these members, the Fund empowers individuals to secure their homes and invest in their futures. This approach not only promotes homeownership but also enhances community stability and improvement.
Moreover, the Fund's strategy of diversifying investments for its owning exempt organizations contributes to the overall economic health of the area. By ensuring that the funds are allocated wisely and securely, the organization helps build a robust financial foundation for its stakeholders. In doing so, it fosters a sense of community investment and cohesion, ultimately benefiting both individual members and the broader community in Flushing, NY.
This information is meant to be a general summary of Electrical Industry Real Estate Fund Llc. 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: -$294,427
- Gross Receipts: $2,148,544
Assets and Liabilities:
- Total Assets: $21,919,448
- Total Liabilities: $88,818
- Net Assets: $21,830,630
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(718) 591-2000Principal Officer
Humberto J Restrepo
Main Address
158-11 HARRY VAN ARSDALE JR AVENUE, FLUSHING, NY, 11365
Website
www.jibei.orgNTEE Category
Code: S12 - Community improvement
If you are a representative of Electrical Industry Real Estate Fund Llc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.