LOCAL 500 BUILDING CORP

EIN: 141958493 Community Improvement

GAITHERSBURG, MD

Total Revenue
$113,998
Total Expenses
N/A
Total Assets
$2,074,718
Net Assets
$1,524,718
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
PIERANGELI MORRISON
Phone
3017407100
Tax Period
2023-10-01 to 2024-09-30

LOCAL 500 BUILDING CORP, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $114K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO OWN AND OPERATE THE HEADQUARTERS BUILDING FOR SEIU LOCAL 500.

Program Service Accomplishments

Program 1

COLLECT RENTS AND PAY EXPENSES RELATED TO MAINTAINING PROPERTY HELD ON BEHALF OF SEIU LOCAL 500,INC, AN EXEMPT ORGANIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $113,998
TOTAL REVENUE $113,998

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $113,998 $90,225 +0.3%
Expenses N/A N/A N/A
Net Income N/A $90,225 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$173,588
Total Directors
5
$173,588
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORIOLE SAAH SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
PIERANGELI MORRISON PRESIDENT 1.00
Officer Director
$0 $25,618 $173,588
CARLENE BUTT-PRUITT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HENRIETTA JENKINS DIRECTOR 1.00
Director
$0 $0 $0
FATIMA WHITMORE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $113,998 No data $2,074,718 No data
2023 $90,225 No data $2,144,054 No data
2022 $82,254 No data $2,237,162 No data
2021 $196,935 No data $2,338,241 No data
2020 $-80,825 No data $2,458,011 No data
2019 $-148,627 No data $2,538,836 No data
2018 $17,947 No data $2,620,038 No data
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