Local 464a Welfare & Pension Building Inc
- Assets
- $1.5m
- Revenue
- -$20.6k
- Investments
- $605.2k
- Employees
- 6
- Location
- Little Falls, NJ
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 22-2144162
Organization Overview
Local 464a Welfare & Pension Building Inc is located in Little Falls, NJ. The organization was established in 1978. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Local 464a Welfare & Pension Building Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 464a Welfare & Pension Building Inc 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 12/2022, Local 464a Welfare & Pension Building Inc generated -$20.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.3%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLDS TITLE TO REAL PROPERTY AND RENTS THE BUILDINGS TO VARIOUS RELATED AND NON-RELATED TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL 464A WELFARE AND PENSION BUILDING INC. IS WHOLLY OWNED BY THE WELFARE AND PENSION FUNDS OF LOCAL 464A. THE BUILDINGS OWNED ARE OCCUPIED BY VARIOUS LOCAL 464A FUNDS AND NON-RELATED TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Niccollai Trustee | OfficerTrustee | 1 | $0 |
Richard Whalen Trustee | OfficerTrustee | 1 | $0 |
John Niccollai III Trustee | OfficerTrustee | 1 | $0 |
Rachel Caruso Trustee | Trustee | 1 | $0 |
Gene Del Rosario Trustee | Trustee | 1 | $0 |
Robert Spinella Trustee | Trustee | 1 | $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 | $0 |
| Investment income | $11,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$79,557 |
| Net Gain/Loss on Asset Sales | $47,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$20,574 |
| 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 | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,389 |
| 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 | $3,790 |
| Net Land, buildings, and equipment | $761,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $605,151 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,767 |
| Total assets | $1,527,772 |
| Accounts payable and accrued expenses | $54,241 |
| 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 | $2,800 |
| Total liabilities | $57,041 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,519,638 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,048,907 |
| Total liabilities and net assets/fund balances | $1,527,772 |