Nonprofit · EIN 87-3343478
HOLLYWOOD ARTS BUILDING QALICB
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $46,015 | -$46,015 | $39,415,873 | $39,530,104 | -$114,231 |
| December 31, 2023 | 990 | $0 | $35,714 | -$35,714 | $24,192,921 | $24,261,137 | -$68,216 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $46,015
Balance sheet and other
- Total assets, start of year
- $24,192,921
- Total assets, end of year
- $39,415,873
- Total liabilities, end of year
- $39,530,104
- Net assets, end of year
- -$114,231
- Land, buildings and equipment
- $14,597,332
- Net assets without donor restrictions
- -$114,231
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- CA
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 |
|---|---|---|---|---|---|
| JOSEPH BENINCASA | PRESIDENT Trustee or director, Officer | 1 | $0 | $912,091 | $91,971 |
| BARBARA DAVIS | SECRETARY Trustee or director, Officer | 1 | $0 | $510,351 | $112,457 |
| CONNIE YOO | TREASURER Trustee or director, Officer | 1 | $0 | $346,022 | $100,418 |
| MARK HOSTETTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COURTNEY DEBEIKES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH BENINCASA | PRESIDENT Trustee or director, Officer | 1 | $0 | $697,808 | $125,894 |
| BARBARA DAVIS | SECRETARY Trustee or director, Officer | 1 | $0 | $393,563 | $106,198 |
| CONNIE YOO | TREASURER Trustee or director, Officer | 1 | $0 | $320,491 | $96,525 |
| MARK HOSTETTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COURTNEY DEBEIKES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 729 SEVENTH AVENUE 10TH FLOOR, NEW YORK, NY 10019-6895
- In care of
- % CONNIE YOO
- Principal officer (990 for 2024)
- JOSEPH BENINCASA, 729 SEVENTH AVENUE 10TH FLOOR, NEW YORK, NY 10019
- Signed the 990
- CONNIE YOO, TREASURER
- Phone
- (212) 221-7300
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
THE HOLLYWOOD ARTS BUILDING QALICB ("QALICB") WAS ESTABLISHED TO HELP FACILITATE A NEW MARKETS TAX CREDIT TRANSACTION FOR THE HOLLYWOOD ARTS COLLECTIVE. (SEE SCHEDULE O)THE NEW MARKETS TAX CREDIT PROGRAM INCENTIVIZES COMMUNITY DEVELOPMENT AND ECONOMIC GROWTH THROUGH THE USE OF TAX CREDITS THAT ATTRACT PRIVATE INVESTMENT TO DISTRESSED COMMUNITIES.
Program accomplishments
- THE HOLLYWOOD ARTS BUILDING QALICB ("QALICB") DID NOT UNDERTAKE ANY ACTIVE PROGRAMMATIC ACTIVITIES IN CALENDAR YEAR 2024. THE QALICB WAS CREATED FOR THE EXPRESS PURPOSE OF FACILITATING A NEW MARKETS TAX CREDIT AND LIKELY WILL ONLY INCUR EXPENDITURES RELATED TO THE FACILITATION OF FINANCING FOR THE HOLLYWOOD ARTS COLLECTIVE BUILDING.0
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 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
- 87-3343478
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $39,415,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $46,015 | $39,415,873 | XML |
| 990 | December 2023 | $0 | $35,714 | $24,192,921 | XML |
| 990 | December 2022 | $0 | $32,502 | $23,525,498 | 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 87-3343478).
Questions about HOLLYWOOD ARTS BUILDING QALICB
- What is the EIN of HOLLYWOOD ARTS BUILDING QALICB?
- The employer identification number (EIN) of HOLLYWOOD ARTS BUILDING QALICB is 87-3343478.
- Is HOLLYWOOD ARTS BUILDING QALICB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to HOLLYWOOD ARTS BUILDING QALICB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does HOLLYWOOD ARTS BUILDING QALICB file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HOLLYWOOD ARTS BUILDING QALICB 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 HOLLYWOOD ARTS BUILDING QALICB 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 HOLLYWOOD ARTS BUILDING QALICB?
- The 990 for the year ended December 31, 2024 names JOSEPH BENINCASA.
- Who are the officers and directors of HOLLYWOOD ARTS BUILDING QALICB?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does HOLLYWOOD ARTS BUILDING QALICB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $46,015 and total assets of $39,415,873 at year end.
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