Nonprofit · EIN 11-3359073
INDEPENDENCE 2ND OWNER CORP
Tax-exempt · ELMONT, NY 11003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $49,896 | $57,016 | -$7,120 | $750,637 | $867,030 | -$116,393 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $49,896
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $6,324
- Depreciation
- $15,960
- Program services (functional)
- $57,016
Balance sheet and other
- Total assets, start of year
- $701,259
- Total assets, end of year
- $750,637
- Total liabilities, end of year
- $867,030
- Net assets, end of year
- -$116,393
- Land, buildings and equipment
- $301,236
- Net assets without donor restrictions
- -$116,393
- Gross receipts
- $49,896
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GILBERT LOUIS | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $525,619 | $83,157 |
| LINA SARAY | CHIEF FINANCIAL AND HR OFFICER Officer | 1 | $0 | $196,264 | $78,492 |
| TODD PINKUS | CFO (THRU MAY 2025) Officer | 1 | $0 | $207,214 | $37,587 |
| EILEEN BECKER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SCOTT SPRINGER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL BUFANO | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2016 LINDEN BLVD, ELMONT, NY 11003-4033
- In care of
- % PAUL CHALLITA
- Principal officer (990 for 2024)
- GILBERT LOUIS, 2016 LINDEN BLVD, ELMONT, NY 11003
- Signed the 990
- GILBERT LOUIS, CHIEF EXECUTIVE OFFICER
- Phone
- (718) 805-6796
- Return prepared by
- BONADIO & CO LLP
Mission
THE ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME HOUSING TO MENTALLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS WHO ARE RESIDENT OF QUEENS AND SURROUNDING AREAS. SERVICES PROVIDED INCLUDE CLINICAL, CASE MANAGEMENT, AND FAMILY SUPPORT.
Program accomplishments
- RESIDENTIAL SERVICES ARE PROVIDED TO LOW INCOME MENTALLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS. CLINICAL SERVICES, CASE MANAGEMENT SERVICES, FAMILY SUPPORT SERVICES, AS WELL AS OTHER PROGRAM SERVICES ARE ADDITIONALLY PROVIDED FOR THE BENEFIT OF RESIDENTS. 7 INDIVIDUALS WERE SERVED.Expenses $57,016 · revenue $49,896
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3359073
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $750,637
- Income (IRS master file)
- $49,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $44,804 | $106,655 | $682,765 | IRS |
| 990 | June 2022 | $49,896 | $95,231 | $648,601 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about INDEPENDENCE 2ND OWNER CORP
- What is the EIN of INDEPENDENCE 2ND OWNER CORP?
- The employer identification number (EIN) of INDEPENDENCE 2ND OWNER CORP is 11-3359073.
- Is INDEPENDENCE 2ND OWNER CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to INDEPENDENCE 2ND OWNER CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE 2ND OWNER CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INDEPENDENCE 2ND OWNER CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENCE 2ND OWNER CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDEPENDENCE 2ND OWNER CORP?
- The 990 for the year ended June 30, 2025 names GILBERT LOUIS.
- Who are the officers and directors of INDEPENDENCE 2ND OWNER CORP?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENCE 2ND OWNER CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $49,896, expenses of $57,016 and total assets of $750,637 at year end.
Other nonprofits in ELMONT
- IRI INNOVATIVE RESOURCES FOR INDEPENDENCE INC EIN 13-3490223 · last filed 990 for 2025
- GATEWAY YOUTH OUTREACH INC EIN 11-2643632 · last filed 990 for 2025
- BELMONT CHILD CARE ASSOCIATION INC EIN 31-1646091 · last filed 990 for 2025
- KNERY WEALTH CHARITIES INC EIN 33-4406225 · last filed 990-EZ for 2025
- ELMONT CULTURAL CENTER EIN 82-4728116 · last filed 990-EZ for 2024
- INDEPENDENCE 1ST OWNER CORP EIN 11-3359068 · last filed 990 for 2025
- PROGRESSIVE ALLIANCE OF IGBO WOMEN EIN 46-1793447 · last filed 990-EZ for 2024
- ZION YOUTH & FAMILY COMMUNITY CENTER OF ELMONT INC EIN 80-0638108 · last filed 990-N for 2025