Nonprofit · EIN 93-4185302
LAUNCHOUT REALTY INC
Tax-exempt · WEST HAVEN, CT 06516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $78,237 | $138,570 | -$60,333 | $2,516,366 | $2,576,699 | -$60,333 |
| December 31, 2024 | 990-EZ | $10,000 | $1,750 | $8,250 | $8,250 | – | $8,250 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $78,237
- Other revenue
- $78,237
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $46,919
- Travel
- $27
- Depreciation
- $32,081
- Program services (functional)
- $138,570
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $2,516,366
- Total liabilities, end of year
- $2,576,699
- Net assets, end of year
- -$60,333
- Land, buildings and equipment
- $2,516,153
- Net assets without donor restrictions
- -$60,333
- Gross receipts
- $78,237
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- CT
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Oluwasina | President Trustee or director, Key employee | 40 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jon Oluwashina | President | 25 | $0 |
| Taiwo Pitan | Director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 389 CAMPBELL AVENUE, WEST HAVEN, CT 06516-5006
- Principal officer (990 for 2025)
- John Oluwashina, 389 Campbell Avenue, West Haven, CT 06516
- Signed the 990
- John Oluwashina, President
- Phone
- (443) 832-9367
- Return prepared by
- TAIWO O PITAN CPA
Mission
To provide low-cost rental property to minorities and minority businesses
Program accomplishments
- Provided low-cost rental units for minority businessesExpenses $138,570 · revenue $78,237
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 93-4185302
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,516,366
- Income (IRS master file)
- $78,237
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $78,237 | $138,570 | $2,516,366 | XML |
| 990-EZ | December 2024 | $10,000 | $1,750 | $8,250 | XML |
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 93-4185302).
Questions about LAUNCHOUT REALTY INC
- What is the EIN of LAUNCHOUT REALTY INC?
- The employer identification number (EIN) of LAUNCHOUT REALTY INC is 93-4185302.
- Is LAUNCHOUT REALTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to LAUNCHOUT REALTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUNCHOUT REALTY 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 LAUNCHOUT REALTY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAUNCHOUT REALTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAUNCHOUT REALTY INC?
- The 990 for the year ended December 31, 2025 names John Oluwashina.
- Who are the officers and directors of LAUNCHOUT REALTY INC?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does LAUNCHOUT REALTY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $78,237, expenses of $138,570 and total assets of $2,516,366 at year end.
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