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Nonprofiteer
← LOCAL 108 REALTY CORP

Form 990 for tax year 2023

Filed by LOCAL 108 REALTY CORP.

Totals

Total revenue
$55,175
Total expenses
$69,327
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$55,175
Investment income
$0
Other revenue
$0
Total assets, end of year
$565,989
Total liabilities, end of year
$802,450
Net assets or fund balances, end of year
-$236,461
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 $55,175 · related or exempt $55,175

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $602

  • 16 · Occupancy

    total $44,090

  • 22 · Depreciation, depletion and amortization

    total $24,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,681 · end of year $15,164

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

    $1,087,324

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

    $536,499

  • 10c · Land, buildings and equipment, net

    beginning of year $575,460 · end of year $550,825

  • 25 · Other liabilities

    beginning of year $802,450 · end of year $802,450

  • 27 · Net assets without donor restrictions

    beginning of year -$222,309 · end of year -$236,461

Mission and programs · 2023

Mission

LOCAL 108 REALTY CORPORATION IS A TITLE HOLDING COMPANY UNDER INTERNAL REVENUE CODE SECTION 501(C)(2) THAT COLLECTS RENTAL INCOME AND REMITS THE ENTIRE AMOUNT, LESS EXPENSES, TO LOCAL 108 (RWSDU).

Activities or mission (Part I)

LOCAL 108 REALTY CORPORATION IS A TITLE HOLDING COMPANY UNDER INTERNAL CODE SECTION 501(C)(2) THAT COLLECTS RENTAL INCOME AND REMITS THE ENTIRE AMOUNT, LESS EXPENSES, TO LOCAL 108 (RWSDU).

  • LOCAL 108 REALTY CORPORATION IS A TITLE HOLDING COMPANY UNDER INTERNAL REVENUE CODE SECTION 501(C)(2) THAT COLLECTS RENTAL INCOME AND REMITS THE ENTIRE AMOUNT, LESS EXPENSES, TO LOCAL 108 (RWSDU).

As filed on the 2023 return.

Listed in Part VII

  • Charles N Hall Jr

    TRUSTEE

    Total calculated
    $223,550
    From this org
    $0
    From related orgs
    $199,461
    Other
    $24,089
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $199,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,089
    Filer's total
    $24,089 + $199,461 related

  • Charles N Hall Sr

    TRUSTEE

    Total calculated
    $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.

  • RETAIL WHOLESALE & DEPARTMENT STORE 108

    501(C)(5) · LABOR ORGANIZATION THAT PROTECTS THE WORKERS' INTERESTS · NJ

  • LOCAL 108 HEALTH EXPENSE BENEFITS PLAN

    501(C)(9) · HEALTH BENEFITS FUNDS · NJ

  • LOCAL 108 RETIREMENT PLAN

    501(A) · PROVIDE RETIREMENT BENEFITS TO FORMER EMPLOYEES OF LOCAL 108 · NJ

Provenance

Return type
form_990
Tax year
2023
Filed
10 June 2025
IRS schema version
2023v6.0
Source object
202501619349301800

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