Overview
What is Bit Holdings Eighty Inc?
Bit Holdings Eighty Inc, based in Baltimore, Maryland, was established primarily for the purpose of acquiring real property, maintaining ownership, collecting income generated from these properties, and subsequently distributing the total earnings, less expenses, to eligible shareholders. The organization's primary focus revolves around property acquisition and income generation, with the ultimate goal of redistributing the profits to its qualified shareholders. During 2022, Bit Holdings Eighty Inc held an indirect interest in non-residential real estate that was sold in 2021. As a result, it distributed a sum of $100 from the investment earnings to the AFL-CIO Building Investment Trust.
Official website here: www.none
Is Bit Holdings Eighty Inc legitimate?
Bit Holdings Eighty Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Bit Holdings Eighty 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.
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Official website here: www.none
What is the mission statement of Bit Holdings Eighty Inc?
Bit Holdings Eighty Inc. was established with the primary objective of purchasing real estate properties. The corporation holds the titles of these properties and generates income from them. The primary function of Bit Holdings Eighty Inc. is to distribute the entire income, after deducting expenses, to qualified shareholders. In 2022, Bit Holdings Eighty Inc. held an interest in non-residential real estate property, which was sold in 2021. A portion of the earnings from this investment was distributed to the AFL-CIO Building Investment Trust.
Official website here: www.none
Who is the CEO of Bit Holdings Eighty Inc?
Cynthia Helms is the Pres/Asst Secretary/Asst Treasurer of Bit Holdings Eighty Inc.
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What is the revenue of Bit Holdings Eighty Inc?
Bit Holdings Eighty Inc's revenue in 2022 was -$46.
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Who are the executives of Bit Holdings Eighty Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Bit Holdings Eighty Inc
Bit Holdings Eighty Inc, as a corporation, was established with a singular focus. Its mission was to procure real property, maintain ownership, collect income derived from these properties, and subsequently distribute the entire income, after deducting expenses, to its qualified shareholders. The corporation's purpose was exclusively dedicated to this real estate-centered venture, with the AFL-CIO Building Investment Trust being the primary beneficiary of the earnings. During 2022, Bit Holdings Eighty Inc held an indirect interest in non-residential real property, which was sold in 2021. As a result, the corporation remitted $100 of earnings from the investment of this property to the AFL-CIO Building Investment Trust. In essence, Bit Holdings Eighty Inc's mission revolved around generating income from real estate investments, with the intention of distributing the majority of the proceeds to its designated shareholders.
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Impact
October, 2024
Bit Holdings Eighty Inc plays a significant role in real estate investment and income generation, specifically through its organized efforts to acquire and manage real property. By holding title to these assets, the organization collects income from their operation and ensures that the entirety of that income—minus expenses—is remitted to qualified shareholders, notably the AFL-CIO Building Investment Trust.
In 2022, although Bit Holdings Eighty held an indirect interest in non-residential real property that was sold in 2021, it demonstrated effective management by distributing $100 of earnings from this investment. This activity not only reinforces its commitment to effective asset management but also supports the financial goals of its stakeholders.
By focusing on real property acquisition and management, Bit Holdings Eighty Inc contributes to the broader economic landscape, particularly for its shareholders who benefit from the income generated. The organization's mission aligns well with mutual benefit principles, promoting sustainable financial practices while enhancing the value of the real property assets under its purview. Its operations in Baltimore, MD, further establish its footprint in a diverse and dynamic market.
This information is meant to be a general summary of Bit Holdings Eighty 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.
Assets and Liabilities:
- Total Assets: $217
- Total Liabilities: $0
- Net Assets: $217
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Organization Details
Founding Year
2020
Phone
(410) 237-5727Principal Officer
Cynthia Helms
Main Address
ONE E PRATT STREET 5TH FLOOR EAST, BALTIMORE, MD, 21202
Website
www.noneNTEE Category
Code: Y11 - Mutual benefit
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