Nonprofit · EIN 11-2786116
1056 EQUITIES INC
Tax-exempt · OAKLAND GARDENS, NY 11364
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $138 | $210,811 | -$210,673 | $2,281,995 | $725,913 | $1,556,082 |
| December 31, 2023 | 990 | $3,029 | $210,411 | -$207,382 | $2,382,791 | $786,036 | $1,596,755 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $138
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $64,683
- Depreciation
- $92,112
Balance sheet and other
- Total assets, start of year
- $2,382,791
- Total assets, end of year
- $2,281,995
- Total liabilities, end of year
- $725,913
- Net assets, end of year
- $1,556,082
- Land, buildings and equipment
- $2,269,173
- Net assets without donor restrictions
- $1,556,082
- Gross receipts
- $138
- Employees
- 0
- Year formed
- 1969
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LUIS ALZATE | President Officer | 1 | $0 | $97,244 |
| BYRON BOLLING | Treasurer Officer | 1 | $0 | $37,443 |
| Francisco Ortiz | Vice President Officer | 1 | $0 | $31,521 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LUIS ALZATE | President Officer | 1 | $0 | $81,954 |
| BYRON BOLLING | Treasurer Officer | 1 | $0 | $22,248 |
| Francisco Ortiz | Vice President Officer | 1 | $0 | $19,114 |
Address and contacts
- Address (IRS master file)
- 211-12 UNION TURNPIKE, OAKLAND GARDENS, NY 11364-3261
- Principal officer (990 for 2024)
- LUIS ALZATE, 211-12 UNION TURNPIKE, OAKLAND GARDENS, NY 113643241
- Signed the 990
- BYRON BOLLING, Treasurer
- Phone
- (718) 949-6444
- Website
- www.local1056.org
- Return prepared by
- Gould Kobrick & Schlapp PC
Mission
TITLE HOLDING COMPANY.
Program accomplishments
- OWNED AND MANAGED LAND AND BUILDING FOR RELATED TAX EXEMPT ORGANIZATION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2786116
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $2,281,995
- Income (IRS master file)
- $138
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $138 | $210,811 | $2,281,995 | XML |
| 990 | December 2023 | $3,029 | $210,411 | $2,382,791 | XML |
| 990 | December 2022 | $142 | $230,962 | $2,492,568 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2786116).
Questions about 1056 EQUITIES INC
- What is the EIN of 1056 EQUITIES INC?
- The employer identification number (EIN) of 1056 EQUITIES INC is 11-2786116.
- Is 1056 EQUITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1986.
- Are donations to 1056 EQUITIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 1056 EQUITIES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of 1056 EQUITIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 1056 EQUITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 1056 EQUITIES INC?
- The 990 for the year ended December 31, 2024 names LUIS ALZATE.
- Who are the officers and directors of 1056 EQUITIES INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does 1056 EQUITIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $138, expenses of $210,811 and total assets of $2,281,995 at year end.
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