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Nonprofiteer
← LABORERS 563 BUILDING CORPORATION

Form 990 for tax year 2025

Filed by LABORERS 563 BUILDING CORPORATION.

Totals

Total revenue
$74,439
Total expenses
$812,002
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$102,429
Investment income
$368
Other revenue
-$28,358
Total assets, end of year
$13,417,662
Total liabilities, end of year
$2,901,998
Net assets or fund balances, end of year
$10,515,664
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: REGULAR DUES

    total $102,429 · related or exempt $102,429

  • 3 · Investment income

    total $368 · excluded $368

  • 6a · Gross rents

    real property $9,600

  • 6b · Less rental expenses

    real property $61,541

  • 6c · Rental income or loss

    real property -$51,941

  • 6d · Net rental income or loss

    total -$51,941 · excluded -$51,941

  • 11a · Other revenue: 12TH AVE PARKING LOT

    total $23,583 · unrelated business $23,583

  • 11e · Other revenue, total

    $23,583

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,057

  • 16 · Occupancy

    total $347,716

  • 20 · Interest

    total $176,922

  • 22 · Depreciation, depletion and amortization

    total $279,531

  • 24a · Other expenses: MISCELLANEOUS

    total $776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $957,206 · end of year $297,453

  • 7 · Other notes and loans receivable

    beginning of year $784 · end of year $1,297

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

    $14,134,485

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

    $1,015,573

  • 10c · Land, buildings and equipment, net

    beginning of year $13,253,040 · end of year $13,118,912

  • 23 · Secured mortgages and notes payable

    beginning of year $2,957,803 · end of year $2,901,998

  • 27 · Net assets without donor restrictions

    beginning of year $11,253,227 · end of year $10,515,664

Mission and programs · 2025

Mission

THE BUILDING CORPORATION OWNS THE BUILDING WHICH IS THE HEADQUARTERS FOR LOCAL UNION 563, WHOSE PURPOSE IS TO SUPPORT WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

  • TO OWN AND OPERATE THE BUILDING FOR LOCAL 563 - A UNION WHOSE PURPOSE IS TO SUPPORT WORKERS FOR THE ECONOMIC, MORAL AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.

As filed on the 2025 return.

Listed in Part VII

  • Joe Fowler

    BUSINESS MAN

    Total calculated
    $278,410
    From this org
    $0
    From related orgs
    $217,756
    Other
    $60,654
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $217,756 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $40,653 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $278,410 related

  • Daniel Brady

    FIN SEC/ TRE

    Total calculated
    $256,565
    From this org
    $0
    From related orgs
    $199,490
    Other
    $57,075
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $199,490 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $37,074 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $256,565 related

  • Keith Petersen

    ASST BUSINES

    Total calculated
    $221,633
    From this org
    $0
    From related orgs
    $169,416
    Other
    $52,217
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $169,416 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $32,216 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $221,633 related

  • Nicholas Slavicek

    DIRECTOR OF

    Total calculated
    $214,734
    From this org
    $0
    From related orgs
    $163,687
    Other
    $51,047
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $163,687 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $31,046 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $214,734 related

  • Steven Johnson

    METRO DISPAT

    Total calculated
    $206,326
    From this org
    $0
    From related orgs
    $156,474
    Other
    $49,852
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $156,474 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,851 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $206,326 related

  • Stacey Karels

    MANKATO BUS

    Total calculated
    $206,113
    From this org
    $0
    From related orgs
    $156,266
    Other
    $49,847
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $156,266 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,846 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $206,113 related

  • Lawrence Engstrom

    BUSINESS AGE

    Total calculated
    $205,108
    From this org
    $0
    From related orgs
    $155,427
    Other
    $49,681
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $155,427 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,680 related
    Nontaxable benefits
    not reported + $20,001 related
    Filer's total
    not reported + $205,108 related

  • Mark Asher

    PRESIDENT

    Total calculated
    $8,025
    From this org
    $0
    From related orgs
    $8,025
    Other
    $0
    Hours/week
    1 + 3 related

  • Todd Mutch

    FMR RECORDIN

    Total calculated
    $6,119
    From this org
    $0
    From related orgs
    $6,119
    Other
    $0
    Hours/week
    1 + 2 related

  • Gwen Cook

    BOARD MEMBER

    Total calculated
    $6,006
    From this org
    $0
    From related orgs
    $6,006
    Other
    $0
    Hours/week
    1 + 2 related

  • Octavio Chung

    RECORDING SE

    Total calculated
    $5,450
    From this org
    $0
    From related orgs
    $5,450
    Other
    $0
    Hours/week
    1 + 2 related

  • Dean Mills

    VICE PRESIDE

    Total calculated
    $5,350
    From this org
    $0
    From related orgs
    $5,350
    Other
    $0
    Hours/week
    1 + 2 related

  • Kris Klein

    SERGEANT-AT-

    Total calculated
    $2,400
    From this org
    $0
    From related orgs
    $2,400
    Other
    $0
    Hours/week
    1 + 1 related

  • John Kappedahl-O'Brien

    AUDITOR

    Total calculated
    $1,976
    From this org
    $0
    From related orgs
    $1,976
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Carly Wordelman

    BOARD MEMBER

    Total calculated
    $1,225
    From this org
    $0
    From related orgs
    $1,225
    Other
    $0
    Hours/week
    1 + 2 related

  • Carolyn Wood

    AUDITOR

    Total calculated
    $800
    From this org
    $0
    From related orgs
    $800
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Seamus McDevitt

    AUDITOR

    Total calculated
    $267
    From this org
    $0
    From related orgs
    $267
    Other
    $0
    Hours/week
    0.5 + 0.5 related

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
2025
Filed
17 September 2026
IRS schema version
2025v4.0
Source object
202602619349301125

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