2025-09-03T08:34:16-05:00 2024-06-30 200147427 Roy & Bentas CPAs PC 697A Union Street Manchester NH 03104 990 2023-07-01 020162153 MANCHESTER MASONIC COMMUNITY CENTER MANC 6036255813 1505 ELM STREET MANCHESTER NH 03101 THOMAS X TSIROMOKOS TREASURER 6036255813 2025-09-03 1 1 GEORGE BENTAS CPA MSTax CGMA P00028461 6036255715 2025-09-03 2023 2025-03-06 01:10:19Z X THOMAS X TSIROMOKOS 1505 ELM STREET MANCHESTER NH 03101 753445 0 X N-A X 1930 NH PROVIDE MEETING FACILITIES FOR VARIOUS MASONIC BODIES. 10 10 3 25 0 0 896721 202395 33740 42470 2395 3426 30000 474222 962856 722513 0 0 0 0 36544 52317 0 0 0 211127 546038 247671 598355 715185 124158 1893407 2035805 0 15005 1893407 2020800 TO PROVIDE MEETING FACILITIES FOR VARIOUS MASONIC BODIES. 0 0 187556 64970 TO PROVIDE MEETING FACILITIES FOR VARIOUS MASONIC BODIES. 187556 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 1 1 1 0 0 0 1 1 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NH X The Organization 6036255813 1505 ELM STREET MANCHESTER NH 03101 X GREGORY TIMBAS DIRECTOR AT LARGE 1.00 X X 0 0 0 WILLIAM C DUFOUR TREASURER 1.00 X X 0 0 0 ARTHUR W STAUFF PRESIDENT 2.00 X 0 0 0 DAVID COLLINS SECRETARY 1.00 X 0 0 0 DAVID R WALTERS DIRECTOR AT LARGE 1.00 X 0 0 0 THOMAS X TSIRIMOKOS TREASURER 1.00 X 0 0 0 NORMAND A TANGUAY DIRECTOR AT LARGE 1.00 X 0 0 0 ROBERT BRADLEY VICE PRESIDENT 1.00 X 0 0 0 DANIEL RHOTCHKISS DIRECTOR AT LARGE 1.00 X 0 0 0 KENNETH COPAERT SR DIRECTOR AT LARGE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 X 6281 196114 202395 RENTAL INCOME 531120 42470 42470 42470 1628 1628 30270 2460 30932 0 -662 2460 1798 1798 CELLTOWER PERPETUAL EA 531190 454000 454000 CELLTOWER RENTAL INCOM 531190 20222 20222 474222 722513 44098 0 476020 48485 48485 3832 3832 1710 1710 441 441 990 990 571 571 2396 2396 7 7 FEDERAL UBIT TAXES PAID 2882 2882 DISTRIBUTION TO J. CORE 400882 400882 UTILITY AND TELEPHONE E 57858 57858 REAL ESTATE TAXES PAID 41280 41280 37021 35111 1910 598355 187556 410799 0 37318 75067 1905797 0 1819278 1905797 36811 39941 0 15000 1893407 2035805 0 15005 0 15005 X 1893407 2020800 1893407 2020800 1893407 2035805 X 124158 2572 662 X 0 0 0 X 10000 23796 33740 202395 269931 131286 139253 156466 156367 42470 625842 131286 149253 180262 190107 244865 895773 0 0 0 895773 1674 1252 6736 2395 1628 13685 1674 1252 6736 2395 1628 13685 132960 150505 186998 192502 246493 909458 0.98500 0.98290 0.01500 0.01710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 21065 21065 1876281 1876281 8451 8451 1905797 DUE TO YORK RITE 5 DEFERRED REVENUE ON SALE OF ANTENNA EASEMENT 15000 15005 X Part X, Line 2: THE ORGANIZATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS FOR THIS FISCAL YEAR. Form 990, Part VI, Section B, line 11b THE FEDERAL FORM 990 IS REVIEWED AND SIGNED BY THE TREASURER. THE VOLUNTEER MEMBERS OF THE BOARD DO NOT UNDERSTAND THE COMPLEXITIES OF THIS FORM AND THEREFORE DIRECT THE TREASURER TO CONSULT WITH THE CPA/TAXPREPARER FOR ANY ISSUES. Form 990, Part VI, Section C, line 18 THE ORGANIZATION MAKES THE FINANCIAL RECORDS AND TAX RETURNS AVAILABLE UPON REQUEST. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES THE FINANCIAL RECORDS AND TAX RETURNS AVAILABLE UPON REQUEST. FORM 990, PAGE 9, PART VIII, LINES 11a and 11b. On the original return for the fiscal year ended June 30, 2024, the organization listed $474,222 on Form 990 Part VIII Line 11a column C as "Unrelated Business Revenue" with a Business Code of 531190. This amount was comprised of $20,222 in rental income from leasing the organization's real estate to a cellphone company for a cellphone tower placement, and one-time payment of $454,000 for a prepetual lease of a portion of the organization's real estate for a cellphone tower placement. Both of these payments were the result of rental income from leasing the organization's real estate. No personal property is being leased; only real estate. The organization has only one real estate property consisting on land and building located at 1505 Elm Street in Manchester NH. This property is NOT debt-financed property per IRC Section 514, nor is it encumbered in any manner. This property is NOT leased to any controlled organizations. Upon consultation and tax research, the organization believes this was incorrectly reported and taxed as Unrelated Business Taxable Income (UBTI) on both the Forms 990 and 990-T for the fiscal year ended June 30, 2024, and our belief is based on the Internal Revenue Code and Treasury Regulations that are explained in the two following paragraphs. The organization's belief that these amounts are NOT subject to UBTI are found in Internal Revenue Code (IRC) Section 512 and Treasury Regulation 1.512(b)-1(c)(2). Excerpts of both are herein attached. First, IRC Section 512(b)(3)(A)(i) states, "In the case of rents, Except as provided in subparagraph (B), There shall be excluded, All rents from real estate..." Subparagraph B relates to lease of personal property, and income derived from another person, which is NOT applicable to the organization's rental income of real estate directly from their tenants. Again, no personal property is being leased; only real estate rented to noncontrolled organizations. Second, Rents under Treasury Regulation 1.512(b)-1(c)(2)(i) states, "In general, for taxable years beginning after December 31, 1969, except as provided in subdivision (iii) of this paragraph, rents from property described in subdivision (ii) of this subparagraph, and the deductions directly connected therrewith, shall be excluded in computing unrelated business taxable income." In conclusion, the organization's belief is based upon both IRC Section 512(b)(3)(A)(i) and Treasury Regulation 1.512(b)-1(c)(2) which clearly indicate that the amounts the organization receives from the cellphone tower rental and easement are NOT taxable as UBTI and these amended tax returns Form 990 and 990-T for the fiscal year ended June 30, 2024 reflect that belief. Form 990, Part XI, line 9: REALIZED GAINS NOT RECORDED ON BOOKS 662.