Seafarers Maryland Building Corporation

Organization Overview

Seafarers Maryland Building Corporation is located in Camp Springs, MD. The organization was established in 1983. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. As of 12/2023, Seafarers Maryland Building Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seafarers Maryland 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 12/2023, Seafarers Maryland Building Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD AND OPERATE PROPERTY FOR THE SEAFARERS PENSION PLAN, A TAX EXEMPT PARENT ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LESSOR: HELD TITLE TO PROPERTY, COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE SEAFARERS PENSION PLAN, THE TAX EXEMPT PARENT ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Anthony Naccarato
President
$0
Thomas Orzechowski
Secretary/treasurer
$0
Margaret Bowen
Vice President
$0
David Heindel
Secretary/treasurer (past)
$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$2,449,369
Investment income $14,062
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 $2,463,431

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