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← THE NATIONAL ASSOCIATION OF LETTER CARRIERS BUILDING CORPORATION

Form 990 for tax year 2024

Filed by THE NATIONAL ASSOCIATION OF LETTER CARRIERS BUILDING CORPORATION.

Totals

Total revenue
$6,520,279
Total expenses
$2,627,612
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,413,990
Investment income
$0
Other revenue
$106,289
Total assets, end of year
$30,137,244
Total liabilities, end of year
$55,649
Net assets or fund balances, end of year
$30,081,595
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 $6,413,990 · related or exempt $6,413,990

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $253,744

  • 6b · Less rental expenses

    real property $147,955

  • 6c · Rental income or loss

    real property $105,789 · personal property $0

  • 6d · Net rental income or loss

    total $105,789 · excluded $105,789

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $500 · related or exempt $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $17,033

  • 11c · Fees: accounting

    total $93,768

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $8,753

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $26,879

  • 14 · Information technology

    total $24,469

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,481,116

  • 17 · Travel

    total $2,236

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $869,401

  • 23 · Insurance

    total $93,988

  • 24a · Other expenses: TAXES - OTHER

    total $9,969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $355,510 · end of year $1,201,767

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $211,983 · end of year $494,120

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,151,781 · end of year $722,486

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

    $36,578,218

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

    $12,429,292

  • 10c · Land, buildings and equipment, net

    beginning of year $24,440,282 · end of year $24,148,926

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $119,946 · end of year $3,569,945

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,029 · end of year $44,403

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,746 · end of year $11,246

  • 27 · Net assets without donor restrictions

    beginning of year $26,255,727 · end of year $30,081,595

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE ORGANIZATION IS A TITLE HOLDING CORPORATION FOR THE NATIONAL ASSOCIATION OF LETTER CARRIERS AND IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER I.R.C. SEC. 501(C)(2).

  • HOLDS TITLE TO NONRESIDENTIAL AND RESIDENTIAL REAL PROPERTY WHICH IS PARTIALLY OCCUPIED BY NATIONAL ASSOCIATION OF LETTER CARRIERS, A RELATED TAX-EXEMPT ORGANIZATION, AND LEASES REMAINING OFFICE SPACE TO A TAX-EXEMPT AFFILIATE OF NALC AND UNRELATED TENANTS. THE ORGANIZATION HOLDS OTHER PROPERTY THAT IS OCCUPIED FOR USE BY NATIONAL ASSOCIATION OF LETTER CARRIERS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Rhine

    DIRECTOR/SECRETARY-TREASURER

    Total calculated
    $367,974
    From this org
    $0
    From related orgs
    $223,821
    Other
    $144,153
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,586 related
    Bonus
    $0
    Other
    $0 + $20,235 related
    Deferred
    $0 + $130,926 related
    Nontaxable benefits
    $0 + $13,227 related
    Filer's total
    $0 + $367,974 related

  • Paul E Barner

    PRESIDENT

    Total calculated
    $353,742
    From this org
    $0
    From related orgs
    $231,468
    Other
    $122,274
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,409 related
    Bonus
    $0
    Other
    $0 + $20,059 related
    Deferred
    $0 + $120,474 related
    Nontaxable benefits
    $0 + $1,800 related
    Filer's total
    $0 + $353,742 related

  • Brian Renfroe

    Director

    Total calculated
    $350,821
    From this org
    $0
    From related orgs
    $273,476
    Other
    $77,345
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,938 related
    Bonus
    $0
    Other
    $0 + $26,538 related
    Deferred
    $0 + $60,918 related
    Nontaxable benefits
    $0 + $16,427 related
    Filer's total
    $0 + $350,821 related

  • Timothy McKay

    VICE PRESIDENT

    Total calculated
    $164,847
    From this org
    $0
    From related orgs
    $119,783
    Other
    $45,064
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,162 related
    Bonus
    $0
    Other
    $0 + $621 related
    Deferred
    $0 + $12,748 related
    Nontaxable benefits
    $0 + $32,316 related
    Filer's total
    $0 + $164,847 related

  • Lawrence Brown Jr

    DIRECTOR

    Total calculated
    $52,786
    From this org
    $0
    From related orgs
    $43,605
    Other
    $9,181
    Hours/week
    1 + 7 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

The filer's explanations (Part III)

PART II, COLUMN C - DEFERRED COMPENSATION:
$287,084 INCLUDED AS DEFERRED COMPENSATION WHICH REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF A QUALIFIED DEFINED BENEFIT PLAN, AS CALCULATED BY THE PLAN ACTUARY. THIS DOES NOT REPRESENT ACTUAL CASH OUTLAYS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LOUDOUN PROPERTIES HB LLC

    REAL ESTATE · VA · income $1,462,912 · assets $9,686,879

    Directly controlled by NALC BLD CRP

  • DC CAPITOL HILL PROPERTIES LLC

    REAL ESTATE · DC · income $144,000 · assets $2,432,210

    Directly controlled by NALC BLD CRP

  • MARIETTA COBB PROPERTIES LLC

    REAL ESTATE · GA · income $1,469,541 · assets $5,002,022

    Directly controlled by NALC BLD CRP

  • LORAIN PROPERTIES LLC

    REAL ESTATE · OH · income $107,976 · assets $458,005

    Directly controlled by NALC BLD CRP

  • ONTARIO SB PROPERTIES LLC

    REAL ESTATE · CA · income $312,148 · assets $3,356,030

    Directly controlled by NALC BLD CRP

  • DENTON COUNTY PROPERTIES LLC

    REAL ESTATE · TX · income $193,320 · assets $3,161,589

    Directly controlled by NALC BLD CRP

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.2
Source object
202640409349301544

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