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← MINNEAPOLIS MEAT CUTTERS & FOOD HANDLERS PROPERTIES INC

Form 990 for tax year 2023

Filed by MINNEAPOLIS MEAT CUTTERS & FOOD HANDLERS PROPERTIES INC.

Totals

Total revenue
$276,795
Total expenses
$292,740
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$208,633
Investment income
$0
Other revenue
$68,162
Total assets, end of year
$510,491
Total liabilities, end of year
$751
Net assets or fund balances, end of year
$509,740
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 $208,633 · related or exempt $208,633

  • 11a · Other revenue: TRANSFER FROM LOCAL

    total $61,510 · excluded $61,510

  • 11b · Other revenue: OTHER INCOME

    total $6,652 · excluded $6,652

  • 11e · Other revenue, total

    $68,162

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $93,552

  • 8 · Pension plan contributions

    total $11,664

  • 9 · Other employee benefits

    total $12,218

  • 10 · Payroll taxes

    total $7,284

  • 11b · Fees: legal

    total $9,353

  • 13 · Office expenses

    total $11,916

  • 16 · Occupancy

    total $91,304

  • 17 · Travel

    total $3,207

  • 22 · Depreciation, depletion and amortization

    total $26,360

  • 23 · Insurance

    total $25,882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,068 · end of year $27,170

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

    $1,611,165

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

    $1,127,844

  • 10c · Land, buildings and equipment, net

    beginning of year $509,681 · end of year $483,321

  • 25 · Other liabilities

    beginning of year $64 · end of year $751

  • 27 · Net assets without donor restrictions

    beginning of year $525,685 · end of year $509,740

Mission and programs · 2023

Mission

BUILDING CORPORATION

  • TO HOLD TITLE TO PROPERTY AND EQUIPMENT OCCUPIED AND USED BY UFCW LOCAL UNION NO. 663 (A RELATED ORGANIZATION) AND ITS MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • RENA WONG

    DIRECTOR

    Total calculated
    $185,292
    From this org
    $0
    From related orgs
    $160,507
    Other
    $24,785
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,260 related
    Bonus
    $0
    Other
    $0 + $3,247 related
    Deferred
    $0 + $10,665 related
    Nontaxable benefits
    $0 + $14,120 related
    Filer's total
    $0 + $185,292 related

  • MICHAEL LACOSTE

    DIRECTOR

    Total calculated
    $134,583
    From this org
    $0
    From related orgs
    $109,798
    Other
    $24,785
    Hours/week
    1 + 40 related

  • MICHAEL POTTER

    DIRECTOR - PAST

    Total calculated
    $161,658
    From this org
    $0
    From related orgs
    $154,984
    Other
    $6,674
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,139 related
    Bonus
    $0
    Other
    $0 + $13,845 related
    Deferred
    $0 + $3,000 related
    Nontaxable benefits
    $0 + $3,674 related
    Filer's total
    $0 + $161,658 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

  • 3 · Approval by the board or compensation committee

Answered no

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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT SHALL RECOMMEND THE COMPENSATION AND EXPENSES, OR EXPENSE POLICY, FOR ALL PERSONNEL EMPLOYED OR RETAINED BY THE BUILDING CORPORATION, SUBJECT TO THE APPROVAL OF THE EXECUTIVE BOARD OF THE RELATED LOCAL UNION.

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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413179349303066

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