Overview
What is The Building Corporation Of Seiu Local 503 Opeu?
The Building Corporation of SEIU Local 503 OPEU is a nonprofit entity, headquartered unspecified, that primarily serves as a property title holder and rental income collector. Melissa Unger oversees its operations. The corporation's primary mission is to manage these properties and generate income through rent. After deducting expenses, the corporation then passes on the entirety of the remaining income to SEIU Local 503 Oregon Public Employees Union. This financial support aids the Union's operations and initiatives.
Is The Building Corporation Of Seiu Local 503 Opeu legitimate?
The Building Corporation Of Seiu Local 503 Opeu is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Building Corporation Of Seiu Local 503 Opeu 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
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Other Salaries and Wages: $0
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What is the mission statement of The Building Corporation Of Seiu Local 503 Opeu?
The Building Corporation of SEIU Local 503 OPEU's primary role is to manage property, collect rental income, and subsequently distribute the net income, after deducting expenses, to SEIU Local 503 Oregon Public Employees Union. In essence, its mission is to serve as a financial intermediary, channeling income generated from property investments back to the union. This corporation plays a crucial role in supporting the operations of SEIU Local 503 Oregon Public Employees Union by providing it with a steady income stream. While not explicitly stated, it can be inferred that the corporation's activities are aimed at maximizing returns for the union while ensuring the responsible management of the property portfolio.
What is the revenue of The Building Corporation Of Seiu Local 503 Opeu?
The Building Corporation Of Seiu Local 503 Opeu's revenue in 2023 was $147,982.
Who are the executives of The Building Corporation Of Seiu Local 503 Opeu and what are their salaries?
Here are 75 key members and their salaries:
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Where can I find the form 990 for The Building Corporation Of Seiu Local 503 Opeu?
The Building Corporation Of Seiu Local 503 Opeu's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Building Corporation Of Seiu Local 503 Opeu
The Building Corporation of SEIU Local 503 OPEU is committed to a specific mission. This mission involves holding title to property and collecting rental income. The primary objective is to then transfer the entire income, after deducting expenses, to SEIU Local 503 Oregon Public Employees Union. This corporation plays a vital role in financially supporting SEIU Local 503 by managing real estate assets and distributing the earned income. The corporation is run by Melissa Unger, who oversees its operations and ensures the smooth execution of its mission.
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Impact
October, 2024
The Building Corporation of SEIU Local 503 OPEU plays a crucial role in supporting the financial stability of the SEIU Local 503 Oregon Public Employees Union by managing property assets and generating rental income. By holding title to various properties, the corporation effectively maintains a stream of revenue that is directed to the union, enhancing its ability to serve the needs of its members and advocate for workers' rights.
This strategic management of property not only provides essential funding for union activities but also contributes to community improvement by utilizing space for beneficial purposes. Under the leadership of Melissa Unger, the corporation ensures that operational expenses are minimized, allowing for maximum turnover of resources to the union. This impact reflects a commitment to enhancing the well-being of public employees in Oregon, enabling them to secure better working conditions and advocate for their interests.
This information is meant to be a general summary of The Building Corporation Of Seiu Local 503 Opeu. 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: $56,915
- Gross Receipts: $147,982
Assets and Liabilities:
- Total Assets: $15,222,978
- Total Liabilities: $15,462,376
- Net Assets: -$239,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$56,915
Organization Details
Founding Year
2020
Principal Officer
Melissa Unger
NTEE Category
Code: S47 - Community improvement
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