Bit Holdings Three Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521876490 ✦ Baltimore, MD ✦ Designated as a 501(c)(25)

Overview

What is Bit Holdings Three Inc?

Bit Holdings Three Inc is a corporation established in Baltimore, Maryland, for the primary purpose of acquiring real property, holding title, and collecting income from the rentals. The corporation distributes the entire earnings, less expenses, to qualified shareholders. In 2022, Bit Holdings Three Inc owned several properties directly and indirectly and generated approximately $341 million in earnings from these properties.


Is Bit Holdings Three Inc legitimate?

Bit Holdings Three Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Bit Holdings Three Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Bit Holdings Three Inc?
Who is the CEO of Bit Holdings Three Inc?
What is the revenue of Bit Holdings Three Inc?
Who are the executives of Bit Holdings Three Inc and what are their salaries?
Where can I find the form 990 for Bit Holdings Three Inc?

Mission Statement of Bit Holdings Three Inc

Bit Holdings Three Inc is a corporation established with the primary objective of acquiring real property, retaining ownership, and earning income from the rental of these assets. The organization's mission is to accumulate real estate, maintain title, and distribute the net proceeds, excluding expenses, to a specific recipient – the AFL-CIO Building Investment Trust. Throughout 2022, Bit Holdings Three managed several properties, both directly and indirectly, and distributed approximately $341 million in earnings to the trust from the rental income generated.

Impact

This information is meant to be a general summary of Bit Holdings Three Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Bit Holdings Three Inc's impact lies in its focused mission of acquiring real property, ensuring its management, and distributing the rental income to qualified shareholders. By owning several properties and distributing a significant amount of earnings, approximately $341 million, to the AFL-CIO Building Investment Trust in 2022, Bit Holdings Three Inc plays a crucial role in supporting community improvement initiatives. Through its activities, the organization contributes to the overall development and well-being of communities by generating income that can be utilized for various community projects and services.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-14,406,220
  • Program Service Revenue: $0
  • Gross Receipts: $93,924,791

    • Assets and Liabilities:
  • Total Assets: $969,623,957
  • Total Liabilities: $178,290,667
  • Net Assets: $791,333,290
  • Organization Details

    Founding Year

    1994

    Principal Officer

    Cynthia Helms

    Main Address

    CO PNC BANK NA ONE E PRATT STREET, BALTIMORE, MD, 21202

    NTEE Category

    Code: S47 - Community improvement

    If you are a representative of Bit Holdings Three Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.