BIT HOLDINGS EIGHTY INC

EIN: 844459562 Mutual Benefit

BALTIMORE, MD

Total Revenue
$-46
Total Expenses
N/A
Total Assets
$217
Net Assets
$217
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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
2020
Legal Domicile
MD
Principal Officer
CYNTHIA HELMS
Phone
4102375727
Tax Period
2022-01-01 to 2022-12-31

BIT HOLDINGS EIGHTY INC, founded in 2020, is a micro nonprofit in the Mutual Benefit sector that reported $46 in total revenue in fiscal year 2022.

Mission

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 QUALIFIED SHAREHOLDERS.

Program Service Accomplishments

Program 1

BIT HOLDINGS EIGHTY, INC. WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE ACQUIRING REAL PROPERTY, HOLDING TITLE THERETO, COLLECTING THE INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT LESS...

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BIT HOLDINGS EIGHTY, INC. WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE 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 2022, BIT HOLDINGS EIGHTY HELD AN INDIRECT INTEREST IN NON-RESIDENTIAL REAL PROPERTY WHICH WAS SOLD DURING 2021 AND DISTRIBUTED $100 OF EARNINGS FROM THE INVESTMENT OF SUCH PROPERTY TO THE AFL-CIO BUILDING INVESTMENT TRUST.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $-46
TOTAL REVENUE $-46

Expense Breakdown

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

Year-over-Year Comparison

2022 2021 Change
Revenue $-46 $-27,705 -1.0%
Expenses N/A N/A N/A
Net Income N/A $-27,705 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
7
Independent Members
7
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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RINSE A BRINK PRES/ASST SECRETARY/ASST TREASURER 0.20
Officer Director
$0 $0 $0
AUSTIN CATES VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
CLAYTON FLANAGAN VP/ASSISTANT SECRETARY 0.20
Officer Director
$0 $0 $0
CYNTHIA HELMS VP/SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
KENNETH MARTY JR VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
WILLIAM K MIHM VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
ROBERT COULMAN VP/ASSISTANT SECRETARY 0.10
Officer Director
$0 $0 $0
N/A TRUSTEE 0.10
$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
2022 $-46 No data $217 No data
2021 $-27,705 No data $346 No data
2020 $471 $13 $53,885 $458
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