1205 Building Corp FY2023 filing

Not tax-deductible

Farmingdale, NYMutual-benefit / member-serving EIN 11-1964088Revenue $203K in FY2023

On file with the IRS246 Conklin Street, 11735-2657 · Farmingdale, NYTax-exempt since Jul 1969

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To hold and maintain real property for local 1205 I.b.of t., a tax exempt entity who is the sole shareholder

Mission: Form 990 Part I, line 1

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $88K a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
34 mo
of spending, in cash
Looks good: 34.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+10% vs prior year
Spent
$106K
Net assets
$831K
By yearFY2020–FY2025
Revenue
$203K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$204K
FY2021$192K
FY2022$185K
FY2023$203K
FY2024$194K
FY2025$203K
Expenses
$106K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$102K
FY2021$104K
FY2022$102K
FY2023$106K
FY2024$123K
FY2025$115K
Net assets
$831K
FY2023▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.4M
FY2023$831K
FY2024$710K
FY2025$753K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See 1205 Building Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns and manages property for a local union.

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1 program · in their own filed words · FY2023
01

To hold and maintain real property for local 1205 I.B.OF t., a tax exempt entity who is the sole shareholder

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$203K
Ln 12
Fees for servicesLn 2g$196K
Investment incomeLn 3$8K
Money outPt IX
$106K
Ln 25
Owns and owesPt X
$831K
net assets · Ln 32
Cash and savingsLn 1–2$301K
Total assetsLn 16$833K
LiabilitiesLn 26$2K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$196K
Investment incomeLn 3$8K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$181K
Cash and savings togetherLn 1–2$301K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$531K
Total assetsLn 16$833K
LiabilitiesLn 26$2K
Net assetsLn 32$831K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$756K$301K
InvestmentsLn 11–13$98K$0
Land, buildings, equipmentLn 10c$538K$531K
Total assetsLn 16$1.4M$833K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$1.4M$831K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
OccupancyLn 16$17K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$64K
Total functional expensesLn 25$106K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $203K$115K$88K$753K 990 PDF
FY2024 $194K$123K$71K$710K 990 PDF
FY2023 Viewing $203K$106K$97K$831K 990 PDF
FY2022 $185K$102K$82K$1.4M 990 PDF
FY2021 $192K$104K$89K$1.3M 990 PDF
FY2020 $204K$102K$102K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $203,340 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $182,145$195,615
I-10 Investment incomePrior year $2,502$7,725
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $184,647$203,340
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $102,369$106,320
I-18 Total expensesPrior year $102,369$106,320
I-19 Revenue less expensesPrior year $82,278$97,020
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $203,340 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $195,615$195,615
VIII-3 Investment incomeExcluded from tax $7,725$7,725
VIII-12 Total revenueRelated to mission $195,615 · Unrelated business $0 · Excluded from tax $7,725$203,340
Part IX · Statement of functional expenses $106,320 across 5 lines filed
IX-11c Accounting fees$3,200
IX-16 Occupancy$17,498
IX-22 Depreciation, depletion and amortization$8,952
IX-23 Insurance$13,003
IX-24 Other expenses (24a–d)$63,667
IX-25 Total functional expenses$106,320
Part X · Balance sheet $832,585 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $358,970$120,692
X-2 Savings and temporary cash investmentsStart of year $396,602$180,622
X-10c Land, buildings and equipment, netStart of year $537,886$531,271
X-11 Publicly traded securitiesStart of year $98,205$0
X-16 Total assetsStart of year $1,391,663$832,585
X-25 Other liabilitiesStart of year $1,726$1,726
X-26 Total liabilitiesStart of year $1,726$1,726
X-27 Net assets without donor restrictionsStart of year $1,389,937$830,859
X-32 Total net assets or fund balancesStart of year $1,389,937$830,859
X-33 Total liabilities and net assetsStart of year $1,391,663$832,585
Part XI · Reconciliation of net assets $830,859 net assets at year end
XI-1 Total revenue$203,340
XI-2 Total expenses$106,320
XI-3 Revenue less expenses$97,020
XI-4 Net assets at start of year$1,389,937
XI-9 Other changes in net assets−$656,098
XI-10 Net assets at end of year$830,859

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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