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Electrical Workers Property Co

Not tax-deductible

Detroit, MIMutual-benefit / member-serving EIN 38-6087804Revenue $554K in FY2024Latest return filed Sep 23, 2025

On file with the IRSDetroit, MITax-exempt since Oct 1940

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The Property company maintains, operates and holds real estate for ibew local 58

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-6087804) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $17K a year · 3% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
4.0 mo
of spending, in cash
4.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
None of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$554K
-3% vs prior year
Spent
$614K
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$554K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$542K
FY2021$543K
FY2022$550K
FY2023$569K
FY2024$554K
Expenses
$614K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$568K
FY2021$538K
FY2022$561K
FY2023$560K
FY2024$614K
Net assets
$1.5M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.6M
FY2023$1.6M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

28 people listed on the 990.

Part VII, Section A · reportable compensation
Christopher Reschke
Executive Board
$0Pt VII · Sec A
Scott Glaza
Examing Board
$0Pt VII · Sec A
Jeanette Caldwell
Executive Board
$0Pt VII · Sec A
Jeff Long
Executive Board
$0Pt VII · Sec A
Kevin Mack
Executive Board
$0Pt VII · Sec A
Kevin Mackey
Executive Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Angela Panicucci
Examing Board
$0Pt VII · Sec A
See Electrical Workers Property Co executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and maintains real estate for IBEW Local 58.

Questions for Electrical Workers Property Co

Tap to ask. Electrical Workers Property Co sees how many people are interested.

Your first name shows with your question. Electrical Workers Property Co answers here, for everyone.

1 program · in their own filed words · FY2024
01

The property company maintains, operates and holds real estate for ibew local 58.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-6087804) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$554K
Ln 12
Fees for servicesLn 2g$552K
Investment incomeLn 3$2K
Money outPt IX
$614K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$204K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$552K
Investment incomeLn 3$2K
Total revenueLn 12$554K
Assets in detailPt X, end of year
CashLn 1$204K
Cash and savings togetherLn 1–2$204K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$206K$204K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.6M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$44K
Depreciation, depletion and amortizationLn 22$110K
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$421K
All other expensesLn 24e$19K
Total functional expensesLn 25$614K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 23, 2025 $554K$614K−$60K$1.5M 990 PDF
FY2023Filed with the IRS Aug 9, 2024 $569K$560K$9K$1.6M 990 PDF
FY2022Filed with the IRS May 30, 2023 $550K$561K−$11K$1.6M 990 PDF
FY2021Filed with the IRS May 26, 2022 $543K$538K$5K$1.6M 990 PDF
FY2020Filed with the IRS May 7, 2021 $542K$568K−$26K$1.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $553,925 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $565,710$551,635
I-10 Investment incomePrior year $3,375$2,290
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $569,085$553,925
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $559,802$613,745
I-18 Total expensesPrior year $559,802$613,745
I-19 Revenue less expensesPrior year $9,283−$59,820
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $553,925 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $551,635$551,635
VIII-3 Investment incomeExcluded from tax $2,290$2,290
VIII-12 Total revenueRelated to mission $551,635 · Unrelated business $0 · Excluded from tax $2,290$553,925
Part IX · Statement of functional expenses $613,745 across 5 lines filed
IX-16 Occupancy$43,925
IX-22 Depreciation, depletion and amortization$110,126
IX-23 Insurance$19,166
IX-24 Other expenses (24a–d)$421,143
IX-24e All other expenses$19,385
IX-25 Total functional expenses$613,745
Part X · Balance sheet $1,517,609 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $206,346$204,245
X-10c Land, buildings and equipment, netStart of year $1,371,083$1,313,364
X-16 Total assetsStart of year $1,577,429$1,517,609
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,577,429$1,517,609
X-32 Total net assets or fund balancesStart of year $1,577,429$1,517,609
X-33 Total liabilities and net assetsStart of year $1,577,429$1,517,609
Part XI · Reconciliation of net assets $1,517,609 net assets at year end
XI-1 Total revenue$553,925
XI-2 Total expenses$613,745
XI-3 Revenue less expenses−$59,820
XI-4 Net assets at start of year$1,577,429
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,517,609

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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