Nonprofit · EIN 85-1851414
LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC
Tax-exempt · ELMWOOD PARK, NJ 07407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,066,592 | $836,343 | $230,249 | $34,385,460 | $2,896 | $34,382,564 |
| December 31, 2023 | 990 | $717,346 | $968,371 | -$251,025 | $31,912,095 | $50,965 | $31,861,130 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,066,592
- Net gain from sales of assets
- $283,246
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $703,630
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,320
- Program services (functional)
- $703,630
- Management and general (functional)
- $132,713
Balance sheet and other
- Total assets, start of year
- $31,912,095
- Total assets, end of year
- $34,385,460
- Total liabilities, end of year
- $2,896
- Net assets, end of year
- $34,382,564
- Publicly traded securities
- $33,481,362
- Gross receipts
- $19,782,201
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- NJ
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALFELIX PEREZ | DIRECTOR Trustee or director | 1 | $0 | $118,827 | $105,234 |
| JOSEPH DIPALMA | DIRECTOR Trustee or director | 1 | $0 | $128,427 | $87,903 |
| JOSEPH DILEO | DIRECTOR Trustee or director | 1 | $0 | $119,757 | $92,075 |
| LOUIS RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $123,368 | $83,188 |
| JOHN TIEDEMANN | DIRECTOR Trustee or director | 1 | $0 | $118,784 | $85,732 |
| NICHOLAS JAYME | DIRECTOR Trustee or director | 1 | $0 | $118,864 | $82,204 |
| VINCENT LATERZA | DIRECTOR Trustee or director | 1 | $0 | $371 | $93 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH DIPALMA | SECRETARY DIRECTOR Trustee or director | 1 | $0 | $121,974 | $85,514 |
| JOSEPH DILEO | DIRECTOR Trustee or director | 1 | $0 | $113,306 | $88,639 |
| LOUIS RODRIGUEZ | TREASURER DIRECTOR Trustee or director | 1 | $0 | $117,496 | $80,503 |
| NICHOLAS JAYME | DIRECTOR Trustee or director | 1 | $0 | $113,077 | $79,458 |
| ALFELIX PEREZ | DIRECTOR Trustee or director | 1 | $0 | $111,158 | $56,476 |
| HAROLD WELSH | PRESIDENT DIRECTOR Trustee or director | 1 | $0 | $46,519 | $47,187 |
| JOHN TIEDEMANN | DIRECTOR Trustee or director | 1 | $0 | $17,785 | $5,401 |
Address and contacts
- Address (IRS master file)
- 303 MOLNAR DRIVE, ELMWOOD PARK, NJ 07407-3213
- Mailing address (990-N for 2020)
- 669 River Drive Suite 125, Elmwood Park NJ 07407
- Principal officer (990 for 2024)
- JOSEPH DIPALMA, 707 SUMMIT AVENUE, UNION CITY, NJ 07087
- Principal officer (990-N for 2020)
- Anthony Valdner, 669 River Drive Suite 125, Elmwood Park NJ 07407
- Signed the 990
- JOSEPH DIPALMA, DIRECTOR
- Phone
- (201) 867-3553
- Return prepared by
- MSPC CPAS & ADVISORS PC
Mission
PROVIDE HOUSING ASSISTANCE TO ELDERLY PERSONS WITH FINANCIAL NEED.
Program accomplishments
- PROVIDE FUNDING TO ELDERLY PERSONS WITH FINANCIAL NEED TO ENABLE THEM TO LIVE WITH DIGNITY AND INDEPENDENCE BY ASSISTING THEM WITH HOUSING RELATED EXPENSES.Expenses $703,630
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
- 85-1851414
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $34,385,460
- Income (IRS master file)
- $19,782,201
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,066,592 | $836,343 | $34,385,460 | XML |
| 990 | December 2023 | $717,346 | $968,371 | $31,912,095 | XML |
| 990 | December 2022 | $28,528,612 | $42,190 | $29,589,862 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Anthony Valdner | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-1851414).
Questions about LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC
- What is the EIN of LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC?
- The employer identification number (EIN) of LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC is 85-1851414.
- Is LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2022.
- Are donations to LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND 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 LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND 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 LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND 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 LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC?
- The 990 for the year ended December 31, 2024 names JOSEPH DIPALMA.
- Who are the officers and directors of LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does LOCAL 560 IBT RETIREES HOUSING ASSISTANCE FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,066,592, expenses of $836,343 and total assets of $34,385,460 at year end.
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