Local 1500 Building Inc
- Assets
- $11.2m
- Revenue
- $789.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Westbury, NY
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 11-2569806
Organization Overview
Local 1500 Building Inc is located in Westbury, NY. The organization was established in 1969. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 1500 Building Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE TO PROPERTY OCCUPIED BY RELATED TAX EXEMPT ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTITY HOLDS TITLE TO PROPERTY THAT HOUSES THE OFFICES OF UFCW LOCAL 1500, A 501(C)5 EXEMPT ORGANIZATION (13-5342295) AND VARIOUS RELATED TAX EXEMPT ENTITIES UNDER 501(C)9, 501(A), 501(C)5, AND 501(C)3.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Newell Union President | Officer | 1 | $0 |
Aly Waddy Secretary-Treasurer | Officer | 1 | $0 |
Joseph Waddy Union Evp | Officer | 1 | $0 |
Paul Santarpia Vice President/field Direc | Officer | 0 | $0 |
Julius Scorzelli Vice President | 0 | $0 | |
Lynn Shiels Vice President | 0 | $0 |
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 | $787,600 |
| Investment income | $946 |
| 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 | $789,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,865 |
| Information technology | $6,491 |
| Royalties | $0 |
| Occupancy | $75,779 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,021 |
| Insurance | $16,342 |
| All other expenses | $0 |
| Total functional expenses | $864,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,444 |
| Net Land, buildings, and equipment | $11,026,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,160,599 |
| Accounts payable and accrued expenses | $21,002 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,696 |
| Total liabilities | $172,698 |
| Net assets without donor restrictions | $10,987,901 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,160,599 |