Unite Here Local 355 EIN 59-1484859 Form 990 (PDF) Claim this org

Unite Here Local 355

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Advocates for fair wages, better conditions, and job security for hospitality workers. For fiscal year 2024 it reported $2.9M in revenue, $2.9M in expenses, and $1.0M in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Miami, FL
Filings
5 on file (2020–2024)
Revenue
$2.9MFY2024
Expenses
$2.9M
Net assets
$1.0M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-1484859 Mutual-benefit / member-serving Miami, FL
Form 990 (PDF)
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Figures match the IRS filing checked 8/31/26 · see original: IRS
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Size
$1–10M
What they do
Advocates for fair wages, better conditions, and job security for hospitality workers.
Leadership
Nadine Prezeau · Executive Bo · $13K
Money in and out
$2.9M revenue, $2.9M expenses
Bottom line
-2% surplus margin
Reported financial activity · FY2024
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.9M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
-2%
revenue over expenses, this year▲ +87% vs prior filing year
Program spending
100%
of expenses reach programs+0.1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.9M
FY2024▲ +25%
Expenses
$2.9M
FY2024▲ +14%
Total assets
$1.0M
FY2024▼ -4%
Total liabilities
$801
FY2024▲ +164%
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.9M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

To organize all workers for the economic, moral and social advancement of their condition and status

$2.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnite Here Local 355
EINHdr · item D59-1484859
Principal addressHdr · item CMiami, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Bo
$13,200Pt VII · Sec A
$7,216Pt VII · Sec A
Executive Bo
$6,160Pt VII · Sec A
$5,632Pt VII · Sec A
Executive Bo
$4,752Pt VII · Sec A
$704Pt VII · Sec A
$352Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Hector Canales$38,632
Sonia M Toledo$6,160$19,564$13,854
Nadine Prezeau$13,200
Denia Fernandez$12,859
Evans Philias$10,400
Joseph Louis$8,742
Harry East$1,368$8,071
Antoinette Clensier$7,216

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$2.4M · 86%
Contributions & grants$377K · 13%
Investment income$24K · 1%
Program service revenue86%$2.4M
Contributions & grants13%$377K
Investment income1%$24K
Other revenue$5K
Total revenueLn 12$2.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$2.9M
Total functional expensesLn 25$2.9M

Balance Sheet

Part X · end of year
CashLn 1$997K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$801
Total net assetsLn 32$1.0M
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $997K · Operating expenses/yr $2.9M
4.1 months
Where the money goes
Program services
Program services $2.9M · Total expenses $2.9M
100%
Management & General
Management & general $0 · Total expenses $2.9M
0%
Fundraising
Fundraising $0 · Total expenses $2.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $167K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $377K · Total revenue $2.9M
13%
Government reliance
Government grants — · Total revenue $2.9M
Earned-income share
Program service revenue $2.4M · Total revenue $2.9M
86%
Investment reliance
Investment income $24K · Total revenue $2.9M
+0.9%
Program self-sufficiency
Program service revenue $2.4M · Total expenses $2.9M
84%
Growth & trend
Revenue growth (YoY)
This year $2.9M · Prior year $2.3M
+25%
Revenue CAGR
FY2020 $2.7M · FY2024 $2.9M
+1%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.9M · Expenses $2.9M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $1.0M · Total assets $1.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nadine Prezeau · Reported title EXECUTIVE BO · Highest reported compensation $13K · Total expenses $2.9M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $763K · Total expenses $2.9M
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 25%
Legal fee ratio 1%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$137K
Grants paid · 4 grants · $65K · 2022–2024
Unite Here PoliticalFY2024$12,154
Unite Here PoliticalFY2023$9,983
Wells FargoFY2022$36,000
Unitemized GrantFY2022$7,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.9M revenue · viewing · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$2.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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