Bit Holdings Three Inc

Bit Holdings Three Inc Overview

Bit Holdings Three Inc is located in Baltimore, MD. The organization was established in 1994. 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.

For the year ending 12/2019, Bit Holdings Three Inc generated $84.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $8.8m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION WAS ORGANIZED TO ACQUIRE REAL PROPERTY, HOLD TITLE THERETO, COLLECT INCOME FROM SUCH PROPERTY, AND REMIT THE ENTIRE AMOUNT LESS EXPENSES TO QUALIFIED SHAREHOLDERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE THERETO, COLLECTING THE INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT LESS EXPENSES TO THE AFL-CIO BUILDING INVESTMENT TRUST. DURING 2019, BIT HOLDINGS THREE OWNED SEVERAL PROPERTIES, DIRECTLY AND INDIRECTLY, AND DISTRIBUTED APPROXIMATELY $218 MILLION OF EARNINGS FROM THE RENTAL OF SUCH PROPERTY TO THE AFL-CIO BUILDING INVESTMENT TRUST.


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Bit Holdings Three Inc Board, Officers & Key Employees

Name (title)Compensation
William K Mihm
Vp/assistant Secretary
$0
Rinse A Brink
Pres/asst Secretary/asst Treas
$0
Clayton Flanagan
Vp/assistant Secretary
$0
Cynthia Helms
Vp/secretary/treasurer
$0
Jill J Russell
Vp/assistant Secretary
$0
Name Not Listed
Trustee
$0

Bit Holdings Three Inc Vendors

Vendor Name (Service)Compensation
Hines Interest Lp
Building Maintenance
$1,357,739
Crimson Services
Property Management Fees
$581,773
Commercial Building Maintenance
Building Maintenance/repair Service
$372,800
D&l Precision
Interior Construction
$273,725
Jones Lang Lasalle
Leasing Commissions
$337,025
View All Vendors

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 $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $64,480,403
Net Gain/Loss on Asset Sales $20,171,343
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $84,651,746

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