Local Union 420 Building Corporation

Organization Overview

Local Union 420 Building Corporation is located in Waterbury, CT. The organization was established in 1999. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Union 420 Building Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2021, Local Union 420 Building Corporation generated $42.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $30.5k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HOLD TITLE TO REAL AND PERSONAL PROPERTY OF WHICH WILL BE OCCUPIED AND USED BY THE EXEMPT INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 420, THE EXEMPT ORGANIZATION FOR WHICH IT HOLDS TITLE FOR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLD TITLE TO REAL AND PERSONAL PROPERTY OF WHICH WILL BE OCCUPIED AND USED BY THE EXEMPT INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 420, THE EXEMPT ORGANIZATION FOR WHICH IT HOLDS TITLE FOR. 100% OF THE TIME WILL BE DEVOTED TO THIS ACTIVITY.


HOLD TITLE TO REAL AND PERSONAL PROPERTY OF WHICH WILL BE OCCUPIED AND USED BY THE EXEMPT INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 420, THE EXEMPT ORGANIZATION FOR WHICH IT HOLDS TITLE FOR. 100% OF THE TIME WILL BE DEVOTED TO THIS ACTIVITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$42,756
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,756

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