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Nonprofit · EIN 82-5474031

MRNY QALICB INC

Tax-exempt · BROOKLYN, NY 11237

Financials

$3.8M$33K2023$265K$33K2024
Revenue Expenses · by fiscal year end
Financials of MRNY QALICB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$264,994$32,617$232,377$42,017,769$42,879,249-$861,480
December 31, 2023990$3,804,614$32,617$3,771,997$35,762,804$30,820,103$4,942,701
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$264,947
Program service revenue
$0
Investment income
$47
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
Management and general (functional)
$32,617

Balance sheet and other

Total assets, start of year
$35,762,804
Total assets, end of year
$42,017,769
Total liabilities, end of year
$42,879,249
Net assets, end of year
-$861,480
Land, buildings and equipment
$41,933,310
Net assets without donor restrictions
-$861,480
Gross receipts
$264,994
Employees
0
Volunteers
3
Year formed
2018
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Jose L LopezCo-executive Director
Trustee or director, Officer
0.25$0$166,940$44,576
Theodoro OshiroCo-Executive Director
Trustee or director, Officer
0.25$0$165,000$44,673
Arlenis D MorelCo-Executive Director
Trustee or director, Officer
0.25$0$171,560$23,044
KARINA C BETANCOURTBOARD MEMBER
Trustee or director
0.25$0$0$0
AMY ELIZABETH CAROLLBOARD MEMBER
Trustee or director
0.25$0$0$0
PATRICIA SATTERSTROMBOARD MEMBER
Trustee or director
0.25$0$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Jose L LopezCo-executive Director
Trustee or director, Officer
0.25$0$161,742$41,825
Theodoro OshiroCo-Executive Director
Trustee or director, Officer
0.25$0$157,447$41,923
Arlenis D MorelCo-Executive Director
Trustee or director, Officer
0.25$0$165,360$22,392
KARINA C BETANCOURTBOARD MEMBER
Trustee or director
0.25$0$0$0
AMY ELIZABETH CAROLLBOARD MEMBER
Trustee or director
0.25$0$0$0
PATRICIA SATTERSTROMBOARD MEMBER
Trustee or director
0.25$0$0$0

Address and contacts

Address (IRS master file)
301 GROVE STREET, BROOKLYN, NY 11237-5664
In care of
% MATT DAPOLITO
Principal officer (990 for 2024)
Arlenis Morel, 301 Grove Street, Brooklyn, NY 11237
Signed the 990
Arlenis Morel, Co-Executive Dir.
Phone
(718) 418-7690
Return prepared by
WithumSmithBrown PC

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR MRNY. (SEE SCHEDULE O FOR DETAILS)

990 for the year ended December 31, 2024

Program accomplishments

  • CONSTRUCTION & DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER, THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED CENTER WITH MAKE THE ROAD NEW YORK AND MAKING RELATED DEBT SERVICE PAYMENTS.0

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
82-5474031
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III functionally integrated
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,017,769
Income (IRS master file)
$264,994

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$264,994$32,617$42,017,769IRS
990December 2023$3,804,614$32,617$35,762,804XML
990December 2022$350,955$32,617$29,692,888IRS
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 82-5474031).

Questions about MRNY QALICB INC

What is the EIN of MRNY QALICB INC?
The employer identification number (EIN) of MRNY QALICB INC is 82-5474031.
Is MRNY QALICB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to MRNY QALICB INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does MRNY QALICB 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 MRNY QALICB 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 MRNY QALICB 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 MRNY QALICB INC?
The 990 for the year ended December 31, 2024 names Arlenis Morel.
Who are the officers and directors of MRNY QALICB INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does MRNY QALICB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $264,994, expenses of $32,617 and total assets of $42,017,769 at year end.

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