2024-11-12T13:23:11-06:00 2023-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2023-01-01 923384096 LOCAL 560 IBT 303 MOLNAR REALTY CORPORATION LOCA 2018640051 303 MOLNAR DRIVE ELMWOOD PARK NJ 07407 JOSEPH DIPALMA PRESIDENT 2018640051 2024-11-12 1 1 RAYMOND HARGADON CPA P01780635 9082727000 2023 2024-10-15 13:58:12Z JOSEPH DIPALMA 303 MOLNAR DRIVE ELMWOOD PARK NJ 07407 36059 0 X N/A X 2023 NJ TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL NO. 560 7 0 0 0 0 0 0 0 0 0 0 0 0 36059 0 36059 0 0 0 0 0 0 0 0 0 0 96519 0 96519 0 -60460 0 2158456 0 2218916 0 -60460 TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL NO. 560. 0 0 TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL NO. 560. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 X LOUIS RODRIGUEZ 2018640051 303 MOLNAR DRIVE ELMWOOD PARK NJ 07407 JOSEPH DILEO RECORDING SECRETARY 0.50 X 0 113306 88639 LOUIS RODRIGUEZ SECRETARY-TREASURER 5.00 X 0 117496 80503 JOSEPH DIPALMA PRESIDENT 2.00 X 0 121974 85514 NICHOLAS JAYME TRUSTEE 0.50 X 0 113077 79458 HAROLD WELSH JR VICE PRESIDENT 0.50 X 0 46519 47187 JOHN TIEDMANN TRUSTEE 0.50 X 0 17785 5401 ALFELIX PEREZ TRUSTEE 0.50 X 0 111158 56476 0 641315 443178 0 0 1 0 0 OTHER INCOME 900099 36059 36059 36059 36059 36059 0 0 3048 1375 561 70637 10966 9932 96519 0 5336 2164086 10966 0 2153120 0 2158456 0 1950000 0 268916 0 2218916 X 0 -60460 0 -60460 0 2158456 -60460 0 X 0 1 X 0 0 1209000 1209000 955086 10966 944120 2153120 SECURITY DEPOSIT 1346 DUE TO TEAMSTERS LOCAL UNION NO. 560 267570 268916 X 36059 0 36059 0 36059 96519 0 96519 0 96519 PART X, LINE 2: THE LOCAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. THE SUBSIDIARY, LOCAL 560 BUILDING CORP, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. THE LOCAL 560/478 MERGER, LLC IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE LOCAL, SUBSIDIARY, AND LLC HAVE FILED INTERNAL REVENUE SERVICE (IRS) FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AS REQUIRED. CURRENTLY, THE 2020 TO 2023 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE IRS. HOWEVER, THE LOCAL, SUBSIDIARY, AND LLC ARE NOT CURRENTLY UNDER AUDIT NOR HAS LOCAL, SUBSIDIARY, AND LLC BEEN CONTACTED BY ANY OF THE TAXING AUTHORITIES. 0 0 0 JOSEPH DIPALMA PRESIDENT 0 121265 0 0 0 709 0 55387 0 30127 0 207488 0 0 JOSEPH DILEO RECORDING SECRETARY 0 112980 0 0 0 326 0 64840 0 23799 0 201945 0 0 LOUIS RODRIGUEZ SECRETARY-TREASURER 0 117132 0 0 0 364 0 50140 0 30363 0 197999 0 0 NICHOLAS JAYME TRUSTEE 0 112979 0 0 0 98 0 49095 0 30363 0 192535 0 0 ALFELIX PEREZ TRUSTEE 0 111066 0 0 0 92 0 28623 0 27853 0 167634 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE OFFICERS OF THE LOCAL 560 BUILDING CORPORATION ARE ALSO OFFICERS OF TEAMSTERS LOCAL UNION NO. 560. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS THAT SERVE LOCAL 560 BUILDING CORPORATION ARE THE ELECTED OFFICERS OF TEAMSTERS LOCAL UNION NO. 560. THE OFFICERS OF LOCAL 560 ARE ELECTED BY THE MEMBERS IN GOOD STANDING OF TEAMSTERS LOCAL UNION NO. 560. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY EACH OF THE MEMBERS OF THE EXECUTIVE BOARD. THE EXECUTIVE BOARD IS THE GOVERNING BODY OF THE ORGANIZATION AND CONSISTS OF ALL OF THE VOTING MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED REPORTS, RECORDS, AND DOCUMENTS ARE MADE AVAILABLE AT THE CORPORATION'S OFFICES UPON REQUEST. PART VI, SECTION B, LINES 15(A) & 15(B) NONE OF THE OFFICERS OF THE CORPORATION ARE COMPENSATED. THE CORPORATION DOES NOT HAVE A CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICAL, OR KEY EMPLOYEES. TEAMSTERS LOCAL UNION NO 560 707 SUMMIT AVENUE UNION CITY NJ 07087 221337490 LABOR UNION NJ 501(C)(5) N/A 0 LOCAL 560 BUILDING CORPORATION 707 SUMMIT AVENUE UNION CITY NJ 07087 223272489 BUILDING CORP NJ 501(C)(2) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 TEAMSTERS LOCAL UNION NO 560 N 0 N/A TEAMSTERS LOCAL UNION NO 560 R 267570 CASH