Plumbers Fifty-five Realty Corp
Nonprofit profile at a glance
- EIN
- 203819611
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn Heights, OH, USA
- Phone
- 2164590099
- Rating confidence
- Limited
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $283,172
- Expenses
- $303,889
- Assets
- $1,817,457
- Liabilities
- $395,121
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- MIKE REDLIN (PRESIDENT)
Highest reported compensation
- MIKE REDLIN (PRESIDENT): $7,117 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Real estate holding company for the journeymen plumbers union local #55 of the united association plumbers and pipefitters.
What it reported doing in 2024
Holder of commercial building used by exempt organization; 980 keynote circle
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 79
- Sustainability: 39
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.3%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 5.98; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 0.9% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $7K · 4 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.