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Filing year 2024

RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55

Newark, New Jersey·EIN 26-4075216·501(c)(5)
Total revenue
$793k
Total assets
$2.1M
Total expenses
$705k
Reported officers
12
Mission

TO IMPROVE WORKING CONDITIONS AND LIVING STANDARDS OF MEMBERS THROUGH COLLECTIVE BARGAINING, EDUCATION, TRAINING AND EMPLOYEE BENEFITS AND TO ESTABLISH NECESSARY PROCEDURES FOR THE AMICABLE ADJUSTMENT OF ALL DISPUTES WHICH MAY ARISE BETWEEN EMPLOYERS AND EMPLOYEES.

Executive compensation

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Bus Mgr/sec Tre
Officer (Unspecified)
$85k
$92k
Board Member/organizer
Officer (Unspecified)
$66k
$72k
Board Member - Eff 08/24
Board Member
25th percentile to median
$9k
$10k
President
Below 10th percentile
$9k
$9k
Recording Sec
Officer (Unspecified)
$9k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 34%
from 2023

From $64k in 2023 to $85k in 2024.

$64k
2023
$85k
2024
In today's dollarsEst.
Up 29% in real terms$72k to $92k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 83% from 2023 to 2024, while revenue rose 36%.

$53k in 2023 to $9k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55 reported revenue and expenses across 2 filing years.

RevenueExpenses
$582k
$344k
2023
$793k
$705k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55

What does the Board Member of RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55 earn?

In 2024, the Board Member of RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55 received $9,000 in total compensation. This pay is below the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55 compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55 falls between the 25th percentile and the median.

What are RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55's revenue and expenses?

In 2024, RESIDENTIAL CONSTRUCTION & GENERAL SERVICE WORKERS LOCAL UNION 55 reported $793k in total revenue and $705k in total expenses on its IRS Form 990.

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