Overview
What is Bit Holdings Eighty-One Inc?
Bit Holdings Eighty-One Inc is a nonprofit organization situated in Baltimore, Maryland. Its primary objective is to acquire real estate properties, hold the title, collect income from these properties, and subsequently, distribute the majority of the earnings, less expenses, to its qualified shareholders. During 2022, the organization held an indirect interest in non-residential real estate properties and distributed a significant portion of the rental income, amounting to $99,416, to its designated beneficiary, the AFL-CIO Building Investment Trust.
Is Bit Holdings Eighty-One Inc legitimate?
Bit Holdings Eighty-One Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Bit Holdings Eighty-One 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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What is the mission statement of Bit Holdings Eighty-One Inc?
Bit Holdings Eighty-One Inc. was established with the primary objective of acquiring real property, maintaining ownership, collecting income generated from the property, and distributing the majority of the earnings, after deducting expenses, to its qualified shareholders. The corporation adheres strictly to this purpose, ensuring that its activities are centered around real estate acquisition and income distribution. In 2022, Bit Holdings Eighty-One Inc. held an indirect interest in non-residential property and distributed earnings derived from rent to the AFL-CIO Building Investment Trust.
Who is the CEO of Bit Holdings Eighty-One Inc?
Cynthia Helms is the Pres/Asst Secretary/Asst Treasurer of Bit Holdings Eighty-One Inc.
What is the revenue of Bit Holdings Eighty-One Inc?
Bit Holdings Eighty-One Inc's revenue in 2022 was -$46,032.
Who are the executives of Bit Holdings Eighty-One Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Bit Holdings Eighty-One Inc?
Bit Holdings Eighty-One Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bit Holdings Eighty-One Inc
Bit Holdings Eighty-One Inc, as an organization, was established with a specific objective. Its purpose was to purchase real estate properties, maintain ownership of these properties, collect income generated from these properties, and subsequently distribute the entire income, less expenses, to eligible shareholders. This corporation was created with a sole focus on this real estate-centric mission. In 2022, Bit Holdings Eighty-One Inc held an indirect interest in non-residential properties and distributed earnings from the rental of these properties to the AFL-CIO Building Investment Trust. This summary highlights the core mission and activities of Bit Holdings Eighty-One Inc, emphasizing its role in real estate acquisition, property management, and income distribution.
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Impact
October, 2024
Bit Holdings Eighty-One Inc plays a significant role in real estate investment and income distribution. By acquiring and holding title to non-residential real property, the organization facilitates the generation of rental income, which contributes positively to the financial ecosystem it engages with. In 2022, it successfully distributed $99,416 of earnings from its rental activities, reinforcing its commitment to ensuring that profits are remitted to qualified shareholders, specifically the AFL-CIO Building Investment Trust.
This financial flow not only supports the stakeholders involved but also enhances the overall strength of the building investment community it serves. Situated in Baltimore, MD, Bit Holdings Eighty-One Inc's focused strategy on real property investment helps in maintaining stability and providing essential returns, thereby playing a vital part in the local economic landscape.
This information is meant to be a general summary of Bit Holdings Eighty-One 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: $218,428
- Total Liabilities: $0
- Net Assets: $218,428
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Organization Details
Founding Year
2020
Phone
(410) 237-5727Principal Officer
Cynthia Helms
Main Address
ONE E PRATT ST 5TH FL EAST, BALTIMORE, MD, 21202
NTEE Category
Code: Y11 - Mutual benefit
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