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Maurice 53 INC FY2024 filing

Not tax-deductible

Maspeth, NYMutual-benefit / member-servingSince 2020Community Development EIN 85-3049489Revenue $264K in FY2024

On file with the IRS6104 Maurice Ave, 11378-1228 · Maspeth, NYTax-exempt since Apr 2023

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Owning and operating the property known and designated as Maurice 53, INC., maspeth, NY. To provide the physical space and resources to negotiate labor agreements, resolve grievances, hold arbitrations, meeting and industry-wide meetings with various employers.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $30K a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$264K
+29% vs prior year
Spent
$263K
Net assets
$3.0M
By yearFY2021–FY2025
Revenue
$264K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2021$192K
FY2022$198K
FY2023$204K
FY2024$264K
FY2025$303K
Expenses
$263K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$261K
FY2022$276K
FY2023$237K
FY2024$263K
FY2025$274K
Net assets
$3.0M
FY2024▲ ×18
Tap a bar for its year
Net assets by fiscal year
FY2021−$74K
FY2022−$151K
FY2023−$184K
FY2024$3.0M
FY2025$3.1M

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 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 Apr 2023.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Marin Papic
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Israel Medak
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
John Catalano
President
$0Pt VII · Sec A
See Maurice 53 INC 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

Provides space and resources for labor negotiations, grievance resolution, and industry meetings.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Owning and operating the property known and designated as maurice 53, inc., maspeth,ny.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$264K
Ln 12
Fees for servicesLn 2g$260K
Other incomeLn 4–11$4K
Money outPt IX
$263K
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$3.0M
LiabilitiesLn 26$52K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$260K
Other incomeLn 4–11$4K
Total revenueLn 12$264K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Land, buildings, equipmentLn 10c$2.9M
Total assetsLn 16$3.0M
LiabilitiesLn 26$52K
Net assetsLn 32$3.0M
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 FY24End FY24
Cash and savingsLn 1–2$5K$12K
Land, buildings, equipmentLn 10c$2.8M$2.9M
Total assetsLn 16$2.9M$3.0M
LiabilitiesLn 26$3.1M$52K
Net assetsLn 32−$184K$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$979
Other salaries and wagesLn 7$20K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$5K
Payroll taxesLn 10$1K
Legal feesLn 11b$2K
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$20K
Office expensesLn 13$1K
Information technologyLn 14$2K
OccupancyLn 16$187K
TravelLn 17$299
Conferences, conventions and meetingsLn 19$290
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$10K
Total functional expensesLn 25$263K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $303K$274K$29K$3.1M 990 PDF
FY2024 Viewing $264K$263K$1K$3.0M 990 PDF
FY2023 $204K$237K−$33K−$184K 990 PDF
FY2022 $198K$276K−$78K−$151K 990 PDF
FY2021 $192K$261K−$69K−$74K 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 FY2024 990 (6 parts)
Part I · Summary $263,981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$260,085
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $204,043$3,896
I-12 Total revenuePrior year $204,043$263,981
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$35,638
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $236,965$227,055
I-18 Total expensesPrior year $236,965$262,693
I-19 Revenue less expensesPrior year −$32,922$1,288
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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 $263,981 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $260,085$260,085
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,896$3,896
VIII-12 Total revenueRelated to mission $263,981 · Unrelated business $0 · Excluded from tax $0$263,981
Part IX · Statement of functional expenses $262,693 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$979
IX-7 Other salaries and wages$19,615
IX-8 Pension plan contributions$8,882
IX-9 Other employee benefits$4,780
IX-10 Payroll taxes$1,382
IX-11b Legal fees$2,210
IX-11c Accounting fees$2,658
IX-11g Other fees for services$20,400
IX-13 Office expenses$1,212
IX-14 Information technology$1,631
IX-16 Occupancy$186,692
IX-17 Travel$299
IX-19 Conferences, conventions and meetings$290
IX-22 Depreciation, depletion and amortization$1,300
IX-23 Insurance$10,363
IX-25 Total functional expenses$262,693
Part X · Balance sheet $3,011,411 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $4,704$12,377
X-4 Accounts receivableStart of year $34,702$32,394
X-9 Prepaid expenses and deferred chargesStart of year $58,389$63,390
X-10c Land, buildings and equipment, netStart of year $2,779,106$2,903,250
X-16 Total assetsStart of year $2,876,901$3,011,411
X-25 Other liabilitiesStart of year $3,058,084$51,872
X-26 Total liabilitiesStart of year $3,061,125$51,872
X-27 Net assets without donor restrictionsStart of year −$184,224$2,959,539
X-32 Total net assets or fund balancesStart of year −$184,224$2,959,539
X-33 Total liabilities and net assetsStart of year $2,876,901$3,011,411
Part XI · Reconciliation of net assets $2,959,539 net assets at year end
XI-1 Total revenue$263,981
XI-2 Total expenses$262,693
XI-3 Revenue less expenses$1,288
XI-4 Net assets at start of year−$184,224
XI-5 Net unrealized gains (losses) on investments−$170,000
XI-8 Prior period adjustments$3,312,475
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,959,539

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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