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Nonprofit · EIN 11-2815074

32 32 48TH AVENUE REALTY CORPORATION

Tax-exempt · LONG IS CITY, NY 11101

Financials

−$493K$02023−$567K$02024
Revenue Expenses · by fiscal year end
Financials of 32 32 48TH AVENUE REALTY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-$566,866$0-$566,866$27,184,742$33,600$27,151,142
December 31, 2023990-$492,859$0-$492,859$27,751,608$33,600$27,718,008
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$35,545
Net rental income
-$602,411
Other revenue
-$602,411

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$27,751,608
Total assets, end of year
$27,184,742
Total liabilities, end of year
$33,600
Net assets, end of year
$27,151,142
Land, buildings and equipment
$25,571,955
Net assets without donor restrictions
$27,151,142
Gross receipts
$1,254,839
Employees
0
Year formed
1986

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBERT BARTELSBUSINESS MAN
Officer
1$0$310,170$155,726
PATRICK DALYSECRETARY-TR
Officer
1$0$260,952$148,343
BRIAN KEARNEYPRESIDENT
Officer
1$0$260,952$148,343
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
PATRICK DALYSECRETARY-TR
Officer
1$0$258,071$147,183
BRIAN KEARNEYPRESIDENT
Officer
1$0$129,533$127,902
ROBERT BARTELSBUSINESS MAN
Officer
1$0$153,990$77,595
JAMES SHEERANPRESIDENT
Former
1$0$143,484$75,499

Address and contacts

Address (IRS master file)
2708 40TH AVE, LONG IS CITY, NY 11101-3725
Principal officer (990 for 2024)
ROBERT BARTELS, 27-08 40TH AVENUE, LONG ISLAND CITY, NY 11101
Signed the 990
PATRICK DALY, SECRETARY-TREASURER
Phone
(718) 392-3420
Return prepared by
DAVID GROTE CPA PC

Mission

ORGANIZATION IS A TITLE HOLDING COMPANY FOR REAL ESTATE OWNED BY A LABOR ORGANIZATION. THE PURPOSE IS TO MAINTAIN AND OPERATE THE UNIONS OFFICES AND MEETING HALL.

990 for the year ended December 31, 2024

Program accomplishments

  • TITLE HOLDING COMPANY MAINTAINS AND OPERATES UNIONS OFFICES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-2815074
Tax-exempt status
501(c)(2): Title-holding corporation
Donations deductible
No
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$27,184,742
Income (IRS master file)
$1,254,839

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024-$566,866$0$27,184,742XML
990December 2023-$492,859$0$27,751,608XML
990December 2022$817,467$871,333$28,244,467IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 11-2815074).

Questions about 32 32 48TH AVENUE REALTY CORPORATION

What is the EIN of 32 32 48TH AVENUE REALTY CORPORATION?
The employer identification number (EIN) of 32 32 48TH AVENUE REALTY CORPORATION is 11-2815074.
Is 32 32 48TH AVENUE REALTY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1988.
Are donations to 32 32 48TH AVENUE REALTY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 32 32 48TH AVENUE REALTY CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 32 32 48TH AVENUE REALTY CORPORATION 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 32 32 48TH AVENUE REALTY CORPORATION 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 32 32 48TH AVENUE REALTY CORPORATION?
The 990 for the year ended December 31, 2024 names ROBERT BARTELS.
Who are the officers and directors of 32 32 48TH AVENUE REALTY CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does 32 32 48TH AVENUE REALTY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of -$566,866, expenses of $0 and total assets of $27,184,742 at year end.

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