Overview
What is Building Construction Laborers Local 3 Realty?
Building Construction Laborers Local 3 Realty is a tax-exempt organization under Section 501(C)(5) of the Internal Revenue Code, situated in Mountainside, New Jersey. Established as a nominee for the union, it holds title to real estate and collects associated income. The collected income, following deduction of expenses, is then transferred to Building and General Construction Laborers Local 3, the sole stockholder of the organization. This nonprofit's mission revolves around supporting the building and construction laborers local union by managing real estate assets and income, thereby enabling them to continue their operations.
Is Building Construction Laborers Local 3 Realty legitimate?
Building Construction Laborers Local 3 Realty is a legitimate nonprofit organization registered as a 501(c)(2) entity. Building Construction Laborers Local 3 Realty 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 Building Construction Laborers Local 3 Realty?
Building Construction Laborers Local 3 Realty, as a tax-exempt organization under Section 501(C)(5) of the Internal Revenue Code, serves a specific purpose. It holds title to real estate, collects income from it, and then distributes the net income to Building and General Construction Laborers Local 3, its sole stockholder. The organization's primary activity is to support its affiliated labor union, providing financial resources to further its objectives. While the provided information does not explicitly state a mission statement, it can be inferred that its mission is to manage real estate assets for the benefit of the construction laborers union.
Who is the CEO of Building Construction Laborers Local 3 Realty?
Hipelito Eng is the Business Manager of Building Construction Laborers Local 3 Realty.
What is the revenue of Building Construction Laborers Local 3 Realty?
Building Construction Laborers Local 3 Realty's revenue in 2023 was $132,289.
Who are the executives of Building Construction Laborers Local 3 Realty and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $209,930
- Other: $124,485
- Compensation: $0
- Related: $147,461
- Other: $105,968
- Compensation: $0
- Related: $134,206
- Other: $101,939
- Compensation: $0
- Related: $154,499
- Other: $108,054
- Compensation: $0
- Related: $134,206
- Other: $101,981
- Compensation: $0
- Related: $134,206
- Other: $102,012
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $123,045
- Other: $98,991
- Compensation: $0
- Related: $121,644
- Other: $98,445
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $120,469
- Other: $98,991
- Compensation: $0
- Related: $118,387
- Other: $98,973
- Compensation: $0
- Related: $134,206
- Other: $98,769
Where can I find the form 990 for Building Construction Laborers Local 3 Realty?
Building Construction Laborers Local 3 Realty's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Building Construction Laborers Local 3 Realty
Building Construction Laborers Local 3 Realty, as a nominee for the union, has been established with a specific purpose. The organization holds title to real estate and collects income from it. After deducting expenses, the entire amount is then transferred to Building and General Construction Laborers Local 3, the sole stockholder of the organization. This tax-exempt organization, falling under Section 501(C)(5) of the Internal Revenue Code, utilizes these funds for the betterment of its primary entity, Building and General Construction Laborers Local 3. The mission of Building Construction Laborers Local 3 Realty is to serve as a financial intermediary, supporting the union's activities and initiatives through the management of real estate assets and income generation.
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Impact
October, 2024
Building Construction Laborers Local 3 Realty plays a pivotal role in supporting the Building and General Construction Laborers Local 3 union by managing real estate holdings. By acting as a nominee for the union, the organization effectively collects income from these properties and redistributes the earnings—after covering expenses—back to the union. This financial support bolsters the union's capacity to advocate for laborers, enhance their working conditions, and provide essential services to its members.
Situated in Mountainside, NJ, the organization aids in strengthening the economic foundation of the union, which is dedicated to serving its members. Through this structure, it not only ensures the sustainability of union initiatives but also contributes to community investments in housing and infrastructure related to construction laborers. The strategic management of real estate serves as a crucial tool in empowering laborers and promoting stable employment opportunities within the construction industry.
This information is meant to be a general summary of Building Construction Laborers Local 3 Realty. 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 2023.
- Program Service Revenue: $132,289
- Gross Receipts: $132,289
Assets and Liabilities:
- Total Assets: $1,219,282
- Total Liabilities: $1,124,665
- Net Assets: $94,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$132,289
Organization Details
Founding Year
2015
Phone
(908) 354-0910Principal Officer
Hipelito Eng
Main Address
1121 BRISTOL ROAD, MOUNTAINSIDE, NJ, 07092
NTEE Category
Code: L03 - Housing
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