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← UNION BUILDING FUND

Form 990 for tax year 2022

Filed by UNION BUILDING FUND.

Totals

Total revenue
$439,140
Total expenses
$526,432
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$439,140
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,946,378
Total liabilities, end of year
$748,576
Net assets or fund balances, end of year
$3,197,802
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $439,140 · related or exempt $439,140

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $25,376

  • 11b · Fees: legal

    total $486

  • 11c · Fees: accounting

    total $2,000

  • 13 · Office expenses

    total $873

  • 16 · Occupancy

    total $56,023

  • 19 · Conferences, conventions and meetings

    total $4,066

  • 20 · Interest

    total $5,260

  • 22 · Depreciation, depletion and amortization

    total $141,882

  • 23 · Insurance

    total $8,246

  • 24a · Other expenses: BUILDING & EQUIPMENT MA

    total $146,235

  • 24b · Other expenses: REAL ESTATE TAXES

    total $120,428

  • 24c · Other expenses: TELEPHONE

    total $15,557

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $420,169 · end of year $395,907

  • 4 · Accounts receivable

    beginning of year $10,979 · end of year $36,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,599 · end of year $19,737

  • 10a · Land, buildings and equipment: cost or other basis

    $5,929,934

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,435,795

  • 10c · Land, buildings and equipment, net

    beginning of year $3,623,055 · end of year $3,494,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,660 · end of year $141,603

  • 19 · Deferred revenue

    end of year $9

  • 23 · Secured mortgages and notes payable

    beginning of year $168,447 · end of year $130,363

  • 25 · Other liabilities

    beginning of year $476,601 · end of year $476,601

  • 27 · Net assets without donor restrictions

    beginning of year $3,285,094 · end of year $3,197,802

Mission and programs · 2022

Mission

TITLE HOLDING CORPORATION

  • TO HOLD AND MANAGE REAL ESTATE FOR THE ILLINOIS FEDERATION OF TEACHERS AND THE WEST SUBURBAN TEACHERS UNION-LOCAL 571.

As filed on the 2022 return.

Listed in Part VII

  • David Richmond

    TREASURER

    Total calculated
    $316,841
    From this org
    $0
    From related orgs
    $238,473
    Other
    $78,368
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,073 related
    Bonus
    $0
    Other
    $0 + $13,400 related
    Deferred
    $0 + $51,767 related
    Nontaxable benefits
    $0 + $26,601 related
    Filer's total
    $0 + $316,841 related

  • Daniel Montgomery

    DIRECTOR

    Total calculated
    $310,364
    From this org
    $0
    From related orgs
    $233,246
    Other
    $77,118
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,346 related
    Bonus
    $0
    Other
    $0 + $13,900 related
    Deferred
    $0 + $50,450 related
    Nontaxable benefits
    $0 + $26,668 related
    Filer's total
    $0 + $310,364 related

  • Jacqueline Payne

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tony Johnston

    VICE PRESIDENT

    Total calculated
    $2,750
    From this org
    $0
    From related orgs
    $2,750
    Other
    $0
    Hours/week
    1

  • Kyle Stern

    SECRETARY

    Total calculated
    $1,100
    From this org
    $0
    From related orgs
    $1,100
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202332839349300713

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