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Nonprofiteer
← LOCAL 166 BUILDING CORPORATION

Form 990 for tax year 2024

Filed by LOCAL 166 BUILDING CORPORATION.

Totals

Total revenue
$1,134,769
Total expenses
$538,233
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,115,148
Investment income
$15,722
Other revenue
$3,899
Total assets, end of year
$5,520,944
Total liabilities, end of year
$1,404,229
Net assets or fund balances, end of year
$4,116,715
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: BUILDING ASSESSMENTS

    total $709,805 · related or exempt $709,805

  • 2b · Program service revenue: RENTAL INCOME

    total $279,073 · related or exempt $279,073

  • 2c · Program service revenue: REIMBURSEMENT OF BUILD

    total $126,270 · related or exempt $126,270

  • 3 · Investment income

    total $15,722 · excluded $15,722

  • 11a · Other revenue: OTHER INCOME

    total $3,899 · excluded $3,899

  • 11e · Other revenue, total

    $3,899

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $833

  • 11c · Fees: accounting

    total $11,175

  • 11g · Fees: other

    total $438

  • 13 · Office expenses

    total $734

  • 16 · Occupancy

    total $258,974

  • 22 · Depreciation, depletion and amortization

    total $254,456

  • 23 · Insurance

    total $10,779

  • 24a · Other expenses: BANK FEES

    total $605

  • 24b · Other expenses: MISCELLANEOUS

    total $239

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $546,046 · end of year $50,000

  • 2 · Savings and temporary cash investments

    end of year $829,039

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

    $7,114,376

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

    $2,472,471

  • 10c · Land, buildings and equipment, net

    beginning of year $4,563,839 · end of year $4,641,905

  • 23 · Secured mortgages and notes payable

    beginning of year $1,589,706 · end of year $1,404,229

  • 27 · Net assets without donor restrictions

    beginning of year $3,520,179 · end of year $4,116,715

Mission and programs · 2024

Mission

TO PROVIDE AND MAINTAIN THE PROPERTY AND BUILDING FOR THE BENEFIT OF THE PLUMBERS AND STEAMFITTERS LOCAL #166 AND THE JOINT APPRENTICE TRAINING COMMITTEE. THE CORPORATION PROVIDES AN OFFICE, MEETING, TRAINING FACILITY AND CLINIC FOR THE MEMBERS OF THE PLUMBERS AND STEAMFITTERS LOCAL #166.

Activities or mission (Part I)

BUILDING CORPORATION

  • ESTABLISHED TO HOLD TITLE TO AND MAINTAIN PROPERTY FOR THE BENEFIT OF THE PLUMBERS AND STEAMFITTERS LOCAL #166 MEMBERS.

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

Listed in Part VII

  • Kent Prosser

    PRESIDENT

    Total calculated
    $193,025
    From this org
    $0
    From related orgs
    $115,319
    Other
    $77,706
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $112,603 related
    Bonus
    $0
    Other
    $0 + $2,716 related
    Deferred
    $0 + $48,009 related
    Nontaxable benefits
    $0 + $29,697 related
    Filer's total
    $0 + $193,025 related

  • Travis Coburn

    DIRECTOR

    Total calculated
    $2,246
    From this org
    $0
    From related orgs
    $1,500
    Other
    $746
    Hours/week
    1 + 2 related

  • Brian Moreno

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kurt Prosser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jess Wagner

    DIRECTOR

    Total calculated
    $2,662
    From this org
    $0
    From related orgs
    $1,748
    Other
    $914
    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
2024
Filed
31 March 2025
IRS schema version
2024v5.1
Source object
202520909349300692

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