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← LABORERS DISTRICT COUNCIL OF MN & ND REAL ESTATE HOLDINGS CORPORATIO

Form 990 for tax year 2023

Filed by LABORERS DISTRICT COUNCIL OF MN & ND REAL ESTATE HOLDINGS CORPORATIO.

Totals

Total revenue
$39,002
Total expenses
$104,380
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$39,000
Investment income
$2
Other revenue
$0
Total assets, end of year
$1,302,822
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,302,822
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: RENT

    total $39,000 · related or exempt $39,000

  • 3 · Investment income

    total $2 · excluded $2

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $1,012

  • 16 · Occupancy

    total $51,905

  • 22 · Depreciation, depletion and amortization

    total $51,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $11,085

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

    $2,132,527

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

    $840,790

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,291,737

  • 27 · Net assets without donor restrictions

    end of year $1,302,822

Mission and programs · 2023

Mission

BUILDING CORPORATION

  • TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM, AND TURN OVER THE ENTIRE AMOUNT THEREOF LESS EXPENSES TO ITS MEMBERS ALL OF WHICH ARE TAX-EXEMPT ORGANIZATIONS AND ALL OF WHICH ARE RELATED TO EACH OTHER BY AFFILIATION WITH LABORERS DISTRICT COUNCIL OF MINNESOTA AND NORTH DAKOTA.

As filed on the 2023 return.

Listed in Part VII

  • JOEL SMITH

    PRESIDENT/BUSINESS MANAGER

    Total calculated
    $304,579
    From this org
    $0
    From related orgs
    $193,178
    Other
    $111,401
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,178 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $92,208 related
    Nontaxable benefits
    $0 + $19,193 related
    Filer's total
    $0 + $304,579 related

  • DAN OLSON

    SECRETARY-TREASURER

    Total calculated
    $6,255
    From this org
    $0
    From related orgs
    $4,880
    Other
    $1,375
    Hours/week
    1 + 2 related

  • JOE FOWLER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAN BRADY

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHELDON STEELE

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PATRICK O'CONNELL

    AUDITOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STACEY KARELS

    AUDITOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DEREK PEDERSON

    AUDITOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHAWN BRAFORD

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LORNE LUNDEEN

    SERGEANT AT ARMS

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • AJ LANGE

    EXECUTIVE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423139349303042

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