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Nonprofit · EIN 99-1326475

LOCAL 5 PROPERTIES INC

Tax-exempt · HONOLULU, HI 96826

Financials

$522K$355K2024
Revenue Expenses · by fiscal year end
Financials of LOCAL 5 PROPERTIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$522,142$354,898$167,244$3,675,702$3,508,458$167,244
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$522,142
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$83,853
Depreciation
$9,549

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$3,675,702
Total liabilities, end of year
$3,508,458
Net assets, end of year
$167,244
Land, buildings and equipment
$3,570,450
Net assets without donor restrictions
$167,244
Gross receipts
$522,142
Employees
0
Volunteers
0
Year formed
2024
State of legal domicile
HI

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
CADE WATANABECHAIR
Officer
1$0$111,982$28,166
GEMMA G WEINSTEINSECRETARY
Officer
1$0$90,832$27,435
ERIC W GILLTREASURER
Officer
1$0$85,310$27,244

Address and contacts

Address (IRS master file)
1516 S KING ST, HONOLULU, HI 96826-1912
Principal officer (990 for 2024)
CADE WATANABE, 1516 S KING STREET, HONOLULU, HI 96826
Signed the 990
CADE WATANABE, CHAIR
Phone
(877) 829-5500
Return prepared by
NOVAK FRANCELLA LLC

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY.

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, 2024Check at the IRS

IRS record

EIN
99-1326475
Tax-exempt status
501(c)(2): Title-holding corporation
Donations deductible
No
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J11)
Assets (IRS master file)
$3,675,702
Income (IRS master file)
$522,142

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$522,142$354,898$3,675,702XML

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 99-1326475).

Questions about LOCAL 5 PROPERTIES INC

What is the EIN of LOCAL 5 PROPERTIES INC?
The employer identification number (EIN) of LOCAL 5 PROPERTIES INC is 99-1326475.
Is LOCAL 5 PROPERTIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2024.
Are donations to LOCAL 5 PROPERTIES INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOCAL 5 PROPERTIES 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 5 PROPERTIES 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 5 PROPERTIES 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 5 PROPERTIES INC?
The 990 for the year ended December 31, 2024 names CADE WATANABE.
Who are the officers and directors of LOCAL 5 PROPERTIES INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does LOCAL 5 PROPERTIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $522,142, expenses of $354,898 and total assets of $3,675,702 at year end.

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