2026-08-05T15:15:39-05:00 2025-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2025-01-01 923384096 LOCAL 560 IBT 303 MOLNAR REALTY CORPORATION LOCA 2018640051 303 MOLNAR DRIVE ELMWOOD PARK NJ 07407 JOSEPH DIPALMA PRESIDENT 2018640051 2026-08-05 1 RAYMOND HARGADON CPA P01780635 9082727000 2025 2025-03-06 01:10:19Z JOSEPH DIPALMA 303 MOLNAR DRIVE ELMWOOD PARK NJ 07407 225374 0 X N/A X 2023 NJ TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL NO. 560 6 0 0 0 0 0 0 0 40061 225374 0 0 0 0 40061 225374 0 0 0 0 0 0 0 0 0 285551 185124 285551 185124 -245490 40250 2372282 2327559 2678232 2593259 -305950 -265700 TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL NO. 560. 0 0 TO HOLD TITLE TO AND OPERATE REAL PROPERTY FOR TEAMSTERS LOCAL NO. 560. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 X LOUIS RODRIGUEZ 2018640051 303 MOLNAR DRIVE ELMWOOD PARK NJ 07407 JOSEPH DIPALMA PRESIDENT 2.00 40.00 X 0 131160 97060 LOUIS RODRIGUEZ SECRETARY TREASURER 5.00 40.00 X 0 125622 93103 JOSEPH DILEO VICE PRESIDENT 0.50 40.00 X 0 119442 102690 NICHOLAS JAYME TRUSTEE 0.50 40.00 X 0 121524 91869 ALFELIX PEREZ RECORDING SECRETARY 0.50 40.00 X 0 122213 94979 JOHN TIEDMANN TRUSTEE 0.50 40.00 X 0 121428 94979 0 741389 574680 0 0 1 0 0 RENTAL INCOME 531120 225374 225374 225374 225374 225374 0 0 4950 390 115467 1462 31404 31271 MISCELLANEOUS EXPENSE 180 185124 43387 10622 2388202 71265 2328895 2316937 2372282 2327559 2678232 2593259 2678232 2593259 X -305950 -265700 -305950 -265700 2372282 2327559 40250 0 X 0 1 X 0 0 1209000 1209000 1179202 71265 1107937 2316937 LINE OF CREDIT 110000 SECURITY DEPOSIT 1346 DUE TO TEAMSTERS LOCAL UNION NO. 560 2481913 2593259 X PART X, LINE 2: THE LOCAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (5) OF THE INTERNAL REVENUE CODE. THE SUBSIDIARY, LOCAL 560 BUILDING CORP IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. THE LOCAL 560/478 MERGER, LLC HAS ONE MEMBER (LOCAL UNION NO. 560) AND AS SUCH IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES. ALL ITEMS OF INCOME, GAIN, LOSS, DEDUCTION AND CREDIT REALIZED BY THE LLC ARE REPORTED BY THE LOCAL AS IF IT REALIZED DIRECTLY ALL SUCH ITEMS. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE LOCAL AND THE SUBSIDIARY HAVE FILED INTERNAL REVENUE SERVICE (IRS) FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AS REQUIRED. CURRENTLY, THE 2022 TO 2025 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE IRS. HOWEVER, THE LOCAL AND THE SUBSIDIARY ARE NOT CURRENTLY UNDER AUDIT NOR HAVE THE LOCAL OR THE SUBSIDIARY BEEN CONTACTED BY ANY OF THE TAXING AUTHORITIES. 0 0 0 JOSEPH DIPALMA PRESIDENT 0 129468 0 0 0 1692 0 64769 0 32291 0 228220 0 0 JOSEPH DILEO VICE PRESIDENT 0 118098 0 0 0 1344 0 76123 0 26567 0 222132 0 0 LOUIS RODRIGUEZ SECRETARY TREASURER 0 124940 0 0 0 682 0 60812 0 32291 0 218725 0 0 ALFELIX PEREZ RECORDING SECRETARY 0 120418 0 0 0 1795 0 62688 0 32291 0 217192 0 0 JOHN TIEDMANN TRUSTEE 0 120418 0 0 0 1010 0 62688 0 32291 0 216407 0 0 NICHOLAS JAYME TRUSTEE 0 120418 0 0 0 1106 0 59578 0 32291 0 213393 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE OFFICERS OF LOCAL 560 IBT 303 MOLNAR REALTY CORPORATION ARE ALSO OFFICERS OF TEAMSTERS LOCAL UNION NO. 560. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS THAT SERVE LOCAL 560 IBT 303 MOLNAR REALTY CORPORATION ARE THE ELECTED OFFICERS OF TEAMSTERS LOCAL UNION NO. 560. THE OFFICERS OF LOCAL 560 ARE ELECTED BY THE MEMBERS IN GOOD STANDING OF TEAMSTERS LOCAL UNION NO. 560. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO ITS FILING, THE FORM 990 WAS REVIEWED BY EACH OF THE MEMBERS OF THE EXECUTIVE BOARD. THE EXECUTIVE BOARD IS THE GOVERNING BODY OF THE ORGANIZATION AND CONSISTS OF ALL OF THE VOTING MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED REPORTS, RECORDS, AND DOCUMENTS ARE MADE AVAILABLE AT THE CORPORATION'S OFFICES UPON REQUEST. PART VI, SECTION B, LINES 15(A) & 15(B) NONE OF THE OFFICERS OF THE CORPORATION ARE COMPENSATED. THE CORPORATION DOES NOT HAVE A CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICAL, OR KEY EMPLOYEES. TEAMSTERS LOCAL UNION NO 560 707 SUMMIT AVENUE UNION CITY NJ 07087 221337490 LABOR UNION NJ 501(C)(5) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 TEAMSTERS LOCAL UNION NO 560 N N/A TEAMSTERS LOCAL UNION NO 560 R 194973 CASH