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
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What is the mission statement of Bit Holdings Three Inc?
Bit Holdings Three Inc was established with the primary goal of acquiring real property, maintaining ownership, and generating income from these assets. The corporation collects rent from the properties and distributes the entire earnings, excluding expenses, to qualified shareholders. In 2022, Bit Holdings Three managed several properties, both directly and indirectly, and transferred approximately $341 million in earnings to the AFL-CIO Building Investment Trust. The mission of Bit Holdings Three Inc remains focused on the acquisition and management of real estate, with the purpose of generating income and redistributing it to its shareholders.
Who is the CEO of Bit Holdings Three Inc?
Cynthia Helms is the Pres/Asst Secretary/Asst Treasurer of Bit Holdings Three Inc.
What is the revenue of Bit Holdings Three Inc?
Bit Holdings Three Inc's revenue in 2022 was $40,242,400.
Who are the executives of Bit Holdings Three Inc and what are their salaries?
- Rinse A Brink (Pres/Asst Secretary/Asst Treasurer) [Trustee/Director]
- Austin Cates (Vp/Assistant Secretary) [Trustee/Director]
- Robert Coulman (Vp/Assistant Secretary) [Trustee/Director]
- Clayton Flanagan (Vp/Assistant Secretary) [Trustee/Director]
- Cynthia Helms (Vp/Secretary/Treasurer) [Trustee/Director]
- Kenneth Marty Jr (Vp/Assistant Secretary) [Trustee/Director]
- William K Mihm (Vp/Assistant Secretary) [Trustee/Director]
- Pnc Bank Na (Trustee)
Where can I find the form 990 for Bit Holdings Three Inc?
The Bit Holdings Three Inc’s most recent form 990 was submitted in 2022 and can be accessed here
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1994
Phone
(410) 237-5727
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.