Local 560 Ibt Retirees Housing Assistance Fund Inc
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Union City, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 85-1851414
Organization Overview
Local 560 Ibt Retirees Housing Assistance Fund Inc is located in Union City, NJ. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 560 Ibt Retirees Housing Assistance Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING TO ELDERLY PERSONS WITH FIN'L NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO ELDERLY PERSONS WITH FINANCIAL NEED TO ENABLE THEM TO LIVE WITH DIGNITY AND INDEPENDENCE BY ASSISTING THEM WITH HOUSING RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Valdner Director/president | Trustee | 1 | $0 |
Joseph Dipalma Director/secretary | Trustee | 1 | $0 |
Louis Rodriguez Director/treasurer | Trustee | 1 | $0 |
Joseph Dileo Director | Trustee | 1 | $0 |
Harold Welsh Director | 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 | $2,127,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,127,546 |
| Total Program Service Revenue | $0 |
| Investment income | $697 |
| 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 | $2,128,243 |
| 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 | $200 |
| 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 | $200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $936,825 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,191,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,723 |
| Total assets | $2,131,442 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,131,442 |
| Total liabilities and net assets/fund balances | $2,131,442 |
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|---|---|---|
Webster Apartments Congers, NY | $14,551,827 | $6,588,397 |
Utility Emergency Services Fund Philadelphia, PA | $5,623,500 | $5,804,088 |
Rental Assistance Corporation Of Buffalo Buffalo, NY | $7,021,377 | $3,957,549 |
Westside Ministries Inc Buffalo, NY | $1,861,315 | $3,049,976 |
Niagara Falls Neighborhood Housing Services Inc Niagara Falls, NY | $3,221,959 | $1,818,977 |
Northfield Community Ldc Of Staten Island Inc Staten Island, NY | $972,612 | $2,043,555 |
Community Capital New York Inc Elmsford, NY | $13,076,152 | $2,371,640 |
Neighborhood Housing Services Of South Buffalo Inc Buffalo, NY | $968,626 | $1,343,881 |
Cdcli Housing Development Fund Corporation Centereach, NY | $15,223,458 | $1,844,244 |
Long Island Partnership Clt Housing Development Fund Company Inc Hauppauge, NY | $2,104,199 | $132,362 |
Allegheny Council To Improve Our Neighborhood Housing Incorporated East Pittsburgh, PA | $0 | $1,407,000 |
Neighborhood Housing Services Of Staten Island Inc Staten Island, NY | $519,555 | $353,240 |