Local 560 Ibt Retirees Housing Assistance Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 851851414 ✦ Union city, NJ ✦ Designated as a 501(c)(4)

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Overview

What is Local 560 Ibt Retirees Housing Assistance Fund Inc?

Local 560 IBT Retirees Housing Assistance Fund Inc is a charitable organization based in Union City, New Jersey, with the address 707 Summit Avenue. Their mission is to provide essential funding to elderly individuals with financial needs, enabling them to maintain their dignity and independence by assisting with housing-related expenses. This nonprofit organization's activities focus on supporting the elderly population in managing their housing costs.

Is Local 560 Ibt Retirees Housing Assistance Fund Inc legitimate?

Local 560 Ibt Retirees Housing Assistance Fund Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Local 560 Ibt Retirees Housing Assistance Fund 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Local 560 Ibt Retirees Housing Assistance Fund Inc?

The Local 560 Ibt Retirees Housing Assistance Fund Inc focuses on providing assistance to elderly individuals with financial needs. Their mission is to enable these elderly persons to live with dignity and independence by offering funding for housing-related expenses. Through this initiative, they aim to make a significant difference in the lives of those who require financial assistance to cover their housing costs. By providing this essential support, the organization helps ensure that elderly individuals do not have to face housing insecurities and can continue to live comfortably in their own homes.

Who is the CEO of Local 560 Ibt Retirees Housing Assistance Fund Inc?

Joseph Dipalma is the Secretary Director of Local 560 Ibt Retirees Housing Assistance Fund Inc.

What is the revenue of Local 560 Ibt Retirees Housing Assistance Fund Inc?

Local 560 Ibt Retirees Housing Assistance Fund Inc's revenue in 2022 was $28,528,612.

Who are the executives of Local 560 Ibt Retirees Housing Assistance Fund Inc and what are their salaries?


Here are 7 key members and their salaries:


Joseph Dipalma (Secretary Director)
  • Compensation: $0
  • Related: $116,696
  • Other: $83,711
Louis Rodriguez (Treasurer Director)
  • Compensation: $0
  • Related: $113,304
  • Other: $77,987
Joseph Dileo (Director)
  • Compensation: $0
  • Related: $109,512
  • Other: $86,518
Harold Welsh (President Director)
  • Compensation: $0
  • Related: $109,545
  • Other: $94,696
Nicholas Jayme (Director)
  • Compensation: $0
  • Related: $108,958
  • Other: $77,346
Alfelix Perez (Director)
  • Compensation: $0
  • Related: $3,520
  • Other: $0
John Tiedemann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Local 560 Ibt Retirees Housing Assistance Fund Inc?

Local 560 Ibt Retirees Housing Assistance Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Local 560 Ibt Retirees Housing Assistance Fund Inc

Local 560 Ibt Retirees Housing Assistance Fund Inc is a nonprofit organization that focuses on providing housing assistance to elderly persons with financial needs. In simple terms, the mission of this fund is to help elderly individuals live with dignity and independence by assisting them with housing-related expenses.

The organization's primary goal is to provide funding to elderly persons who struggle financially. By doing so, it enables them to cover essential housing expenses and maintain a stable living environment. The Local 560 Ibt Retirees Housing Assistance Fund Inc believes that every elderly person deserves to live in safety and comfort, regardless of their financial situation.

The assistance provided by the organization goes beyond just financial aid. It is designed to enable elderly individuals to live independently and with dignity. The housing-related expenses that the fund covers can include rent, mortgage payments, utilities, and other essential maintenance costs. These expenses can be a significant burden for elderly persons living on a fixed income, and the assistance provided by the Local 560 Ibt Retirees Housing Assistance Fund Inc can make a significant difference in their lives.

In conclusion, Local 560 Ibt Retirees Housing Assistance Fund Inc is a compassionate organization that provides essential assistance to elderly persons with financial needs. Its mission is to help these individuals maintain their independence and dignity by assisting them with housing-related expenses. Through its funding, the organization enables elderly persons to live in safe and comfortable environments, bringing peace of mind and a sense of security to their lives.

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Impact




October, 2024

Local 560 IBT Retirees Housing Assistance Fund Inc positively impacts the lives of elderly individuals facing financial challenges by providing crucial funding for housing-related expenses. This assistance allows elderly persons to maintain their dignity and independence in their living environments. By addressing financial needs, the organization enables seniors to navigate housing costs, contributing to their overall well-being and quality of life in Union City, NJ. The focus on housing assistance is essential in ensuring that vulnerable members of the community are not compromised by economic hardships, thereby fostering a sense of stability and security among retirees.




This information is meant to be a general summary of Local 560 Ibt Retirees Housing Assistance Fund 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.

Revenue
$28,528,612 (2022)
Expenses
$42,190 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $72,371
  • Gross Receipts: $42,516,379

Assets and Liabilities:

  • Total Assets: $29,589,862
  • Total Liabilities: $0
  • Net Assets: $29,589,862

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Organization Details

Founding Year

2020

Principal Officer

Joseph Dipalma

Main Address

707 SUMMIT AVENUE, UNION CITY, NJ, 07087

NTEE Category

Code: L82 - Housing

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