2024-10-11T12:17:37-05:00 2023-12-31 131577780 SCHULTHEIS & PANETTIERI LLP 450 WIRELESS BLVD HAUPPAUGE NY 11788 990 2023-01-01 133120148 501-507 WEST 42ND STREET REALTY CORP 501- 2126955206 501 WEST 42ND STREET NEW YORK NY 10036 JOSEPH NOLAN UNION TRUSTEE 2126955206 2024-10-11 1 1 CAROL WESTFALL P00539069 6312734778 2023 2024-10-15 13:58:12Z 501 WEST 42ND STREET NEW YORK NY 10036 491263 0 X N/A X 1982 NY 501-507 WEST 42ND STREET REALTY CORP WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND FOR COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THERE OF, LESS EXPENSES TO LOCAL 580 PENSION FUND. 4 4 0 0 0 0 0 0 494719 491235 25 28 7276 0 502020 491263 0 0 0 0 54090 0 0 0 0 381093 514517 435183 514517 66837 -23254 1762675 1753722 6538 20839 1756137 1732883 501-507 WEST 42ND STREET REALTY CORP WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND FOR COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THERE OF, LESS EXPENSES TO LOCAL 580 PENSION FUND. 0 0 501-507 WEST 42ND STREET REALTY CORP WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND FOR COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THERE OF, LESS EXPENSES TO LOCAL 580 PENSION FUND. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X BRENDAN TORMEY 2126955206 501 WEST 42ND STREET NEW YORK NY 10036 PETER MYERS PRESIDENT - THRU 10/23 2.00 45.00 X 0 0 0 JOSEPH MAFFEI TREASURER - THRU 5/23 2.00 X 0 0 0 RANDALL MENT VICE PRESIDENT 2.00 X 0 0 0 RANDALL RIFELLI SECRETARY 2.00 X 0 0 0 JOSEPH NOLAN PRESIDENT - EFF 10/23 2.00 45.00 X 0 0 0 STEVEN DONOFRIO TREASURER - EFF 5/23 2.00 X 0 0 0 BRENDAN TORMEY FUND ADMINISTRATOR 2.00 39.00 X 0 180112 124306 0 180112 124306 0 0 1 0 0 RENTAL INCOME 532000 491235 491235 491235 28 28 491263 491235 0 28 550 8600 33181 3443 311708 125332 31703 514517 234751 351204 93381 38406 2415 63582 67013 33878 4044966 2778314 1365115 1266652 1762675 1753722 3289 20476 3249 363 6538 20839 X 1756137 1732883 1756137 1732883 1762675 1753722 -23254 0 X X 0 1 X 1 0 320000 320000 3494807 2669495 825312 10230 10205 25 219929 98614 121315 1266652 DUE TO RELATED ORGANIZATIONS 363 363 X 0 0 0 BRENDAN TORMEY FUND ADMINISTRATOR 0 180112 0 0 0 0 0 80171 0 44135 0 304418 0 0 FORM 990, PART VI, SECTION A, LINE 7A 501-507 WEST 42ND STREET REALTY CORP IS A WHOLLY OWNED SUBSIDIARY OF THE LOCAL 580 PENSION FUND. IT WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND FOR COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THERE OF, LESS EXPENSES TO LOCAL 580 PENSION FUND. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS OF 501-507 WEST 42ND STREET REALTY CORP ELECT THE OFFICERS OF THE 501-507 WEST 42ND STREET REALTY CORP. FORM 990, PART VI, SECTION A, LINE 8B NO OTHER COMMITTEE ACTS ON BEHALF OF 501-507 WEST 42ND STREET REALTY CORP. FORM 990, PART VI, SECTION B, LINE 11B 501-507 WEST 42ND STREET REALTY CORP'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTANT WHO THEN FORWARDS THE COMPLETED RETURN TO LOCAL 580 JOINT FUNDS DIRECTOR FOR REVIEW. THE DIRECTOR THEN PRESENTS THE FORM 990 TO THE GOVERNING BODY OF THE LOCAL 580 PENSION FUND FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C 501-507 WEST 42ND STREET REALTY CORP MONITORS ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 501-507 WEST 42ND STREET REALTY CORP MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE GOVERNING BODY OF 501-507 WEST 42ND STREET REALTY CORP IS RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT THAT PERFORMS THE AUDIT. LOCAL 580 VACATION FUND 501 WEST 42ND STREET NEW YORK NY 10036 132874176 BENEFIT FUND NY 501(C)(9) N/A N/A 0 LOCAL 580 PENSION FUND 501 WEST 42ND STREET NEW YORK NY 10036 136178514 BENEFIT FUND NY 401(A)/501(A) N/A N/A 0 LOCAL 580 ANNUITY FUND 501 WEST 42ND STREET NEW YORK NY 10036 136178512 BENEFIT FUND NY 401(A)/501(A) N/A N/A 0 LOCAL 580 EDUCATIONAL FUND 501 WEST 42ND STREET NEW YORK NY 10036 237040036 TRAINING FUND NY 501(C)(3) N/A N/A 0 LOCAL 580 COLLEGE SCHOLARSHIP FUND 501 WEST 42ND STREET NEW YORK NY 10036 450536496 BENEFIT FUND NY 501(C)(5) N/A N/A 0 ARCHITECTURAL IRON REALTY CORP 501 WEST 42ND STREET NEW YORK NY 10036 134192352 TITLE HOLDING CORP. NY 501(C)(2) N/A N/A 0 LOCAL 580 INSURANCE FUND 501 WEST 42ND STREET NEW YORK NY 10036 136178513 WELFARE BENEFIT FUND NY 501(C)(9) N/A N/A 0 LOCAL 580 LABOR MANAGEMENT PROMOTION FUND 501 WEST 42ND STREET NEW YORK NY 10036 364636298 LABOR MANAGEMENT NY 501(C)(5) N/A N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 LOCAL 580 INSURANCE FUND J 82385 LEASE PAYMENT LOCAL 580 PENSION FUND J 86185 LEASE PAYMENT LOCAL 580 ANNUITY FUND J 70440 LEASE PAYMENT FORM 990, PART VII, SECTION A CERTAIN TRUSTEES ON FORM 990, PART VII, SECTION A, DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION, BUT DO RECEIVE COMPENSATION FROM IRONWORKERS LOCAL 580 ("THE UNION") IN THEIR CAPACITY AS EMPLOYEES/OFFICERS OF THE UNION.