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Nonprofiteer
← 2722 S KING DRIVE LLC

Form 990 for tax year 2024

Filed by 2722 S KING DRIVE LLC.

Totals

Total revenue
$325,000
Total expenses
$982,553
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$325,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$21,931,001
Total liabilities, end of year
$354,000
Net assets or fund balances, end of year
$21,577,001
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 $325,000 · related or exempt $325,000

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $437

  • 16 · Occupancy

    total $339,178

  • 22 · Depreciation, depletion and amortization

    total $642,938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,198 · end of year $90,583

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

    $26,019,512

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

    $4,179,094

  • 10c · Land, buildings and equipment, net

    beginning of year $22,483,356 · end of year $21,840,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $337,000 · end of year $354,000

  • 27 · Net assets without donor restrictions

    beginning of year $22,234,554 · end of year $21,577,001

Mission and programs · 2024

Mission

TO HOLD AND MANAGE REAL ESTATE.

  • HOLD AND MANAGE REAL ESTATE FOR THE PARENT, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 134.

As filed on the 2024 return.

Listed in Part VII

  • Donald Finn

    CHAIRMAN

    Total calculated
    $319,327
    From this org
    $0
    From related orgs
    $237,095
    Other
    $82,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,622 related
    Bonus
    $0
    Other
    $0 + $473 related
    Deferred
    $0 + $41,940 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $319,327 related

  • Kevin Connolly

    RECORDING SECRETARY

    Total calculated
    $243,155
    From this org
    $0
    From related orgs
    $164,527
    Other
    $78,628
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,228 related
    Bonus
    $0
    Other
    $0 + $299 related
    Deferred
    $0 + $53,312 related
    Nontaxable benefits
    $0 + $25,316 related
    Filer's total
    $0 + $243,155 related

  • John Dalton

    TREASURER

    Total calculated
    $227,971
    From this org
    $0
    From related orgs
    $151,789
    Other
    $76,182
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,637 related
    Bonus
    $0
    Other
    $0 + $152 related
    Deferred
    $0 + $38,987 related
    Nontaxable benefits
    $0 + $37,195 related
    Filer's total
    $0 + $227,971 related

  • Maurice King

    VICE PRESIDENT

    Total calculated
    $5,263
    From this org
    $0
    From related orgs
    $5,263
    Other
    $0
    Hours/week
    1 + 2 related

  • Timothy Fitzgibbons

    PRESIDENT

    Total calculated
    $285,532
    From this org
    $0
    From related orgs
    $203,300
    Other
    $82,232
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,149 related
    Bonus
    $0
    Other
    $0 + $1,151 related
    Deferred
    $0 + $41,940 related
    Nontaxable benefits
    $0 + $40,292 related
    Filer's total
    $0 + $285,532 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.

  • IBEW LOCAL UNION NO 134

    501(C)(5) · LABOR UNION · IL

  • IBEW LOCAL NO 134 POLITICAL ACTION COMMITTEE

    527 · TO PROVIDE SUPPORT TO CANDIDATES FOR STATE AND LOCAL POLITICAL OFFICE · IL

  • IBEW LOCAL NO 134 STATE AND MUNICIPAL PAC

    527 · TO PROVIDE SUPPORT TO CANDIDATES FOR STATE AND LOCAL POLITICAL OFFICE · IL

Provenance

Return type
form_990
Tax year
2024
Filed
3 April 2025
IRS schema version
2024v5.1
Source object
202520939349301212

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