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Nonprofiteer
← LOCAL 25 PERMANENT BUILDING CORP

Form 990 for tax year 2022

Filed by LOCAL 25 PERMANENT BUILDING CORP.

Totals

Total revenue
$387,092
Total expenses
$160,162
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$387,000
Investment income
$92
Other revenue
$0
Total assets, end of year
$4,675,644
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,675,644
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $387,000 · related or exempt $387,000

  • 3 · Investment income

    total $92 · related or exempt $92

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $6,675

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $153,487

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,720 · end of year $25,046

  • 2 · Savings and temporary cash investments

    beginning of year $1,228,456 · end of year $715,547

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $5,929,962

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

    $1,994,911

  • 10c · Land, buildings and equipment, net

    beginning of year $4,087,095 · end of year $3,935,051

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,347,271 · end of year $4,675,644

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED TO HOLD TITLE TO PROPERTY, WHETHER REAL, PERSONAL OR MIXED, TO COLLECT INCOME THEREFROM, AND TO TURN OVER THE ENTIRE AMOUNT THEREOF,LESS EXPENSES, TO A RELATED LABOR ORGANIZATION.

  • THE CORPORATION PROVIDED OFFICE SPACE FOR USE BY A RELATED LABOR ORGANIZATION.

As filed on the 2022 return.

Listed in Part VII

  • JOHN A BOARDMAN

    PRESIDENT

    Total calculated
    $169,057
    From this org
    $0
    From related orgs
    $144,816
    Other
    $24,241
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    not reported + $144,816 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $17,380 related
    Nontaxable benefits
    not reported + $6,861 related
    Filer's total
    not reported + $169,057 related

  • LINDA MARTIN

    Vice President

    Total calculated
    $155,482
    From this org
    $0
    From related orgs
    $122,215
    Other
    $33,267
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $122,215 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $24,579 related
    Nontaxable benefits
    not reported + $8,688 related
    Filer's total
    not reported + $155,482 related

  • PAUL SCHWALB

    EXECUTIVE DIREC

    Total calculated
    $154,077
    From this org
    $0
    From related orgs
    $108,653
    Other
    $45,424
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $108,653 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $5,836 related
    Nontaxable benefits
    not reported + $39,588 related
    Filer's total
    not reported + $154,077 related

  • STEPHANIE JONES

    Secretary

    Total calculated
    $146,090
    From this org
    $0
    From related orgs
    $100,140
    Other
    $45,950
    Hours/week
    1 + 40 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
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349315231

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