Nonprofit · EIN 13-2583841
PARSTEM REALTY COMPANY INC
Tax-exempt · NEWARK, DE 19713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,303,750 | $0 | $2,303,750 | $4,642,000 | $0 | $4,642,000 |
| December 31, 2023 | 990 (amended) | $2,303,750 | $0 | $2,303,750 | $4,642,000 | $0 | $4,642,000 |
| December 31, 2022 | 990 (amended) | $2,303,750 | $0 | $2,303,750 | $4,642,000 | $0 | $4,642,000 |
| December 31, 2021 | 990 (amended) | $2,303,750 | $0 | $2,303,750 | $4,642,000 | $0 | $4,642,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $2,303,750
- Other revenue
- $2,303,750
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
Balance sheet and other
- Total assets, start of year
- $4,642,000
- Total assets, end of year
- $4,642,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,642,000
- Gross receipts
- $2,303,750
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1967
- State of legal domicile
- DE
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 |
|---|---|---|---|
| NARESH GABANI | PRESIDENT Trustee or director, Officer | 0 | $0 |
| TINA LIN | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| JUSTIN WONG | TREASURER Trustee or director, Officer | 0 | $0 |
| DARRELL GRAF | DIRECTORS Trustee or director | 0 | $0 |
| LUBOMIR JAKUBEK | DIRECTORS Trustee or director | 0 | $0 |
| JAY DEWALTOFF | VICE PRESIDENT UNTIL 08/2024 Trustee or director, Officer | 0 | $0 |
| DANIEL T SANG | PRESIDENT UNTIL 08/2024 Trustee or director, Officer | 0 | $0 |
| MIHIR M PATEL | VICE PRESIDENT AND SECRETARY Officer | 0 | $0 |
| GREGORY THORNTON | ASSISTANT SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel T Sang | President Trustee or director, Officer | 0 | $0 |
| Jay Dewaltoff | Vice President Trustee or director, Officer | 0 | $0 |
| Justin Wong | Treasurer Trustee or director, Officer | 0 | $0 |
| Naresh Gabani | Director Trustee or director | 0 | $0 |
| Darrell Graf | Director Trustee or director | 0 | $0 |
| Mihir Patel | Vice President and Secretary Officer | 0 | $0 |
| Gregory Thornton | Assistant Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel T Sang | President Trustee or director, Officer | 0 | $0 |
| Jay Dewaltoff | Vice President Trustee or director, Officer | 0 | $0 |
| Justin Wong | Treasurer Trustee or director, Officer | 0 | $0 |
| Naresh Gabani | Director Trustee or director | 0 | $0 |
| Darrell Graf | Director Trustee or director | 0 | $0 |
| Mihir Patel | Vice President and Secretary Officer | 0 | $0 |
| Gregory Thornton | Assistant Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel T Sang | President Trustee or director, Officer | 0 | $0 |
| Jay Dewaltoff | Vice President Trustee or director, Officer | 0 | $0 |
| Justin Wong | Treasurer Trustee or director, Officer | 0 | $0 |
| Naresh Gabani | Director Trustee or director | 0 | $0 |
| Darrell Graf | Director Trustee or director | 0 | $0 |
| Mihir Patel | Vice President and Secretary Officer | 0 | $0 |
| Ryan Pellegrino | Assistant Secretary Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 STANTON CHRISTIANA RD NCC 1-3, NEWARK, DE 19713-2105
- In care of
- % JP MORGAN CHASE BANK NA
- Principal officer (990 for 2024)
- MIHIR M PATEL, 500 STANTON CHRISTIANA RD NCC 1-3, NEWARK, DE 19713
- Signed the 990
- MATTHEW CINCOTTA, EXECUTIVE DIRECTOR
- Phone
- (302) 634-1114
- Return prepared by
- PwC US Tax LLP
Mission
THE CORPORATION HOLDS TITLE TO PROPERTY AND THE PROCEEDS THERE FORM ARE ASSIGNED BY THE CORPORATION TO ITS STOCKHOLDERS/ MEMBERS IN CONSIDERATION OF THEIR FURNISHING THE FUNDS FOR THE PURCHASE OF THE PROPERTY. THE STOCKHOLDERS ARE PENSION TRUSTS DESCRIBED IN AND EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 401 AND 501 OF THE INTERNAL REVENUE CODE OF 1954.
Program accomplishments
- SEE SCHEDULE O
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 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
- 13-2583841
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,642,000
- Income (IRS master file)
- $2,303,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,303,750 | $0 | $4,642,000 | XML |
| 990 | December 2023 | $2,303,750 | $0 | $4,642,000 | XML |
| 990 | December 2022 | $2,303,750 | $0 | $4,642,000 | XML |
| 990 | December 2021 | $2,303,750 | $0 | $4,642,000 | XML |
| 990 | December 2020 | – | – | – | 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 13-2583841).
Questions about PARSTEM REALTY COMPANY INC
- What is the EIN of PARSTEM REALTY COMPANY INC?
- The employer identification number (EIN) of PARSTEM REALTY COMPANY INC is 13-2583841.
- Is PARSTEM REALTY COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1967.
- Are donations to PARSTEM REALTY COMPANY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PARSTEM REALTY COMPANY INC 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 PARSTEM REALTY COMPANY 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 PARSTEM REALTY COMPANY 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 PARSTEM REALTY COMPANY INC?
- The 990 for the year ended December 31, 2024 names MIHIR M PATEL.
- Who are the officers and directors of PARSTEM REALTY COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PARSTEM REALTY COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,303,750, expenses of $0 and total assets of $4,642,000 at year end.
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