Nonprofit · EIN 20-2204292
54TH STREET CORPORATION
Tax-exempt · GOLDSBORO, NC 27533
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $109,167 | $148,278 | -$39,111 | $989,551 | $9,585 | $979,966 |
| June 30, 2024 | 990 | $103,064 | $142,183 | -$39,119 | $1,033,410 | $14,333 | $1,019,077 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $108,638
- Investment income
- $1
- Other revenue
- $528
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $23,280
- Salaries, compensation and benefits (total)
- $25,200
- Professional fundraising fees
- $0
- Accounting fees
- $4,380
- Occupancy
- $24,807
- Depreciation
- $40,197
- Program services (functional)
- $112,765
- Management and general (functional)
- $35,513
Balance sheet and other
- Total assets, start of year
- $1,033,410
- Total assets, end of year
- $989,551
- Total liabilities, end of year
- $9,585
- Net assets, end of year
- $979,966
- Land, buildings and equipment
- $964,251
- Net assets without donor restrictions
- -$119,991
- Net assets with donor restrictions
- $1,099,957
- Gross receipts
- $109,167
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- DC
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 |
|---|---|---|---|
| STEPHEN BERNSTEIN | PRESIDENT/CH Trustee or director, Officer | 1 | $0 |
| SYLVESTER FIERS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KAY PEARSON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MICHAEL SPEAKES | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAVID WEIL | MANAGING AGE Institutional trustee | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BERNSTEIN | PRESIDENT/CH Trustee or director, Officer | 1 | $0 |
| SYLVESTER FIERS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KAY PEARSON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MICHAEL SPEAKES | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARY TERNES | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DAVID WEIL | MANAGING AGE Institutional trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2063, GOLDSBORO, NC 27533-2063
- In care of
- % EUGENE MARTIN
- Principal officer (990 for 2024)
- STEPHEN BERNSTEIN, 1301 BELMONT STREET NW, WASHINGTON, DC 20009
- Signed the 990
- DAVID WEIL, MANAGING AGENT
- Phone
- (919) 734-1111
- Return prepared by
- CHRISTEN SOUERS LLC
Mission
54TH STREET CORPORATION, INC., (HUD PROJECT NO. 000_HD058) WAS FORMED TO OWN AND OPERATE AN 8-UNIT APARTMENT COMPLEX LOCATED IN WASHINGTON, D.C. THE PROJECT WAS FINANCED AND CONSTRUCTED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED, AND IS ADMINISTERED AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THE PROGRAM THE PROJECT PROVIDES HOUSING TO LOW INCOME HANDICAPPED INDIVIDUALS, SUBJECT TO REGULATION BY HUD AS TO RENTAL CHARGES AND OPERATING METHODS. LOWER RENTAL CHARGES TO TENANTS ARE RECOVERED BY THE CORPORATION THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDED BY HUD.
Program accomplishments
- 54TH STREET CORPORATION, INC., (HUD PROJECT NO. 000_HD058) WAS FORMED TO OWN AND OPERATE AN 8-UNIT APARTMENT COMPLEX LOCATED IN WASHINGTON, D.C. THE PROJECT WAS FINANCED AND CONSTRUCTED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED, AND IS ADMINISTERED AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THE PROGRAM THE PROJECT PROVIDES HOUSING TO LOW INCOME HANDICAPPED INDIVIDUALS, SUBJECT TO REGULATION BY HUD AS TO RENTAL CHARGES AND OPERATING METHODS. LOWER RENTAL CHARGES TO TENANTS ARE RECOVERED BY THE CORPORATION THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDED BY HUD.Expenses $112,765 · revenue $108,638
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 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
- 20-2204292
- 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
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P73)
- Assets (IRS master file)
- $989,551
- Income (IRS master file)
- $109,167
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $109,167 | $148,278 | $989,551 | XML |
| 990 | June 2024 | $103,064 | $142,183 | $1,033,410 | XML |
| 990 | June 2023 | $98,775 | $122,713 | $1,073,971 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 20-2204292).
Questions about 54TH STREET CORPORATION
- What is the EIN of 54TH STREET CORPORATION?
- The employer identification number (EIN) of 54TH STREET CORPORATION is 20-2204292.
- Is 54TH STREET CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to 54TH STREET CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 54TH STREET 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 54TH STREET CORPORATION 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 54TH STREET CORPORATION 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 54TH STREET CORPORATION?
- The 990 for the year ended June 30, 2025 names STEPHEN BERNSTEIN.
- Who are the officers and directors of 54TH STREET CORPORATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does 54TH STREET CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $109,167, expenses of $148,278 and total assets of $989,551 at year end.
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