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Nonprofiteer
← TEAMSTERS LOCAL 705 BUILDING CORPORATION

Form 990 for tax year 2022

Filed by TEAMSTERS LOCAL 705 BUILDING CORPORATION.

Totals

Total revenue
$722,205
Total expenses
$734,326
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$262,901
Investment income
$0
Other revenue
$459,304
Total assets, end of year
$9,407,523
Total liabilities, end of year
$1,363,333
Net assets or fund balances, end of year
$8,044,190
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 $262,901 · related or exempt $262,901

  • 6a · Gross rents

    real property $1,264,945

  • 6b · Less rental expenses

    real property $806,528

  • 6c · Rental income or loss

    real property $458,417

  • 6d · Net rental income or loss

    total $458,417 · unrelated business $458,417

  • 11a · Other revenue: MISCELLANEOUS

    total $887 · related or exempt $887

  • 11e · Other revenue, total

    $887

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $104,094

  • 8 · Pension plan contributions

    total $45,048

  • 9 · Other employee benefits

    total $22,594

  • 10 · Payroll taxes

    total $8,549

  • 20 · Interest

    total $40,091

  • 22 · Depreciation, depletion and amortization

    total $294,217

  • 23 · Insurance

    total $9,274

  • 24a · Other expenses: TAX PAYMENTS

    total $4,608

  • 24b · Other expenses: REAL ESTATE TAXES

    total $372,989

  • 24c · Other expenses: REPAIRS & MAINTANENCE

    total $248,507

  • 24d · Other expenses: UTILITIES

    total $109,234

  • 24e · All other expenses

    total -$524,879

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,994 · end of year $161,930

  • 4 · Accounts receivable

    beginning of year $3,950 · end of year $7,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,459 · end of year $1,483

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

    $13,162,002

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

    $3,925,115

  • 10c · Land, buildings and equipment, net

    beginning of year $9,721,311 · end of year $9,236,887

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,241 · end of year $26,539

  • 19 · Deferred revenue

    beginning of year $51,662 · end of year $39,683

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,099,189 · end of year $222,334

  • 25 · Other liabilities

    beginning of year $947,311 · end of year $1,074,777

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $14,081,347 · end of year $14,381,347

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$6,325,036 · end of year -$6,337,157

Mission and programs · 2022

Mission

HOLD AND MANAGE REAL ESTATE, FOR THE PARENT, LOCAL 705 I.B. OF T.

Activities or mission (Part I)

TO HOLD AND MANAGE REAL ESTATE

  • OPERATE BUILDING FOR LOCAL 705 I.B. OF T.

As filed on the 2022 return.

Listed in Part VII

  • Kimberly Obney

    TRUSTEE

    Total calculated
    $226,325
    From this org
    $0
    From related orgs
    $137,100
    Other
    $89,225
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,236 related
    Bonus
    $0 + $3,864 related
    Other
    $0
    Deferred
    $0 + $65,911 related
    Nontaxable benefits
    $0 + $23,314 related
    Filer's total
    $0 + $226,325 related

  • Scott Rein

    TRUSTEE

    Total calculated
    $226,565
    From this org
    $0
    From related orgs
    $158,203
    Other
    $68,362
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,808 related
    Bonus
    $0 + $24,395 related
    Other
    $0
    Deferred
    $0 + $45,048 related
    Nontaxable benefits
    $0 + $23,314 related
    Filer's total
    $0 + $226,565 related

  • Joseph Bakes

    RECORDING SECRETARY

    Total calculated
    $274,320
    From this org
    $0
    From related orgs
    $181,525
    Other
    $92,795
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,305 related
    Bonus
    $0 + $5,220 related
    Other
    $0
    Deferred
    $0 + $69,486 related
    Nontaxable benefits
    $0 + $23,309 related
    Filer's total
    $0 + $274,320 related

  • Juan Campos

    SECRETARY-TREASURER

    Total calculated
    $279,585
    From this org
    $0
    From related orgs
    $184,411
    Other
    $95,174
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,453 related
    Bonus
    $0 + $5,958 related
    Other
    $0
    Deferred
    $0 + $71,860 related
    Nontaxable benefits
    $0 + $23,314 related
    Filer's total
    $0 + $279,585 related

  • Kenneth Emanuelson

    PRESIDENT

    Total calculated
    $284,590
    From this org
    $0
    From related orgs
    $189,416
    Other
    $95,174
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,076 related
    Bonus
    $0 + $5,340 related
    Other
    $0
    Deferred
    $0 + $71,860 related
    Nontaxable benefits
    $0 + $23,314 related
    Filer's total
    $0 + $284,590 related

  • Gregory Foster

    VICE-PRESIDENT

    Total calculated
    $272,942
    From this org
    $0
    From related orgs
    $180,272
    Other
    $92,670
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,992 related
    Bonus
    $0 + $5,280 related
    Other
    $0
    Deferred
    $0 + $69,376 related
    Nontaxable benefits
    $0 + $23,294 related
    Filer's total
    $0 + $272,942 related

  • Eddie Vallejo

    TRUSTEE

    Total calculated
    $222,848
    From this org
    $0
    From related orgs
    $154,486
    Other
    $68,362
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,866 related
    Bonus
    $0 + $13,620 related
    Other
    $0
    Deferred
    $0 + $45,048 related
    Nontaxable benefits
    $0 + $23,314 related
    Filer's total
    $0 + $222,848 related

  • Santos Marinez

    FORMER TRUSTEE

    Total calculated
    $299,351
    From this org
    $0
    From related orgs
    $188,899
    Other
    $110,452
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,379 related
    Bonus
    $0 + $22,520 related
    Other
    $0
    Deferred
    $0 + $87,348 related
    Nontaxable benefits
    $0 + $23,104 related
    Filer's total
    $0 + $299,351 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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202323069349301422

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