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Nonprofit · EIN 13-3023175

451-453 PARK AVENUE SOUTH CORP

Tax-exempt · NEW YORK, NY 10016

Financials

−$30K$02023$190K$02024
Revenue Expenses · by fiscal year end
Financials of 451-453 PARK AVENUE SOUTH CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$189,712$0$189,712$29,907,919$16,343,751$13,564,168
December 31, 2023990-$29,749$0-$29,749$29,603,484$16,229,028$13,374,456
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$13,331
Net rental income
$176,381
Other revenue
$176,381

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$29,603,484
Total assets, end of year
$29,907,919
Total liabilities, end of year
$16,343,751
Net assets, end of year
$13,564,168
Land, buildings and equipment
$29,100,000
Gross receipts
$1,773,779
Employees
0
Volunteers
0
Year formed
1975
State of legal domicile
NY

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 / weekCompensation
MATTHEW CHARTRANDVICE PRESIDENT
Trustee or director, Officer
1$0
DANIEL DOYLEPRESIDENT
Trustee or director, Officer
1$0
JAKE BIDOSKYVICE PRESIDENT
Trustee or director, Officer
1$0
ROBERT SAMELAVICE PRESIDENT
Trustee or director, Officer
1$0
BRIAN J SABBAGHVP, SEC. TREASURER
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MATTHEW CHARTRANDPRESIDENT
Officer
1$0
DANIEL DOYLEVICE PRESIDENT
Officer
1$0
JOHN BIDOSKY IIIVICE PRESIDENT
Officer
1$0
ROBERT SAMELAVICE PRESIDENT
Officer
1$0
BRIAN J SABBAGHVICE PRESIDENT
Officer
1$0

Address and contacts

Address (IRS master file)
451 453 PARK AVENUE SOUTH, NEW YORK, NY 10016-7390
Principal officer (990 for 2024)
BRIAN J SABBAGH, 451-453 PARK AVE SOUTH, NEW YORK, NY 10016
Signed the 990
MATTHEW CHARTRAND, VICE PRESIDENT
Phone
(212) 684-1586
Return prepared by
SCHULTHEIS & PANETTIERI LLP

Mission

THE 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 IRON WORKERS LOCALS 40, 361 & 417 PENSION FUND.

990 for the year ended December 31, 2024

Program accomplishments

  • THE 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 IRON WORKERS LOCALS 40, 361 & 417 PENSION FUND.

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, 2024990 on file

IRS record

EIN
13-3023175
Tax-exempt status
501(c)(2): Title-holding corporation
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$29,907,919
Income (IRS master file)
$1,773,779

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$189,712$0$29,907,919XML
990December 2023-$29,749$0$29,603,484XML
990December 2022-$877,703$0$13,375,170IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

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 13-3023175).

Questions about 451-453 PARK AVENUE SOUTH CORP

What is the EIN of 451-453 PARK AVENUE SOUTH CORP?
The employer identification number (EIN) of 451-453 PARK AVENUE SOUTH CORP is 13-3023175.
Is 451-453 PARK AVENUE SOUTH CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1980.
Are donations to 451-453 PARK AVENUE SOUTH CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 451-453 PARK AVENUE SOUTH CORP 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 451-453 PARK AVENUE SOUTH CORP 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 451-453 PARK AVENUE SOUTH CORP 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 451-453 PARK AVENUE SOUTH CORP?
The 990 for the year ended December 31, 2024 names BRIAN J SABBAGH.
Who are the officers and directors of 451-453 PARK AVENUE SOUTH CORP?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does 451-453 PARK AVENUE SOUTH CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $189,712, expenses of $0 and total assets of $29,907,919 at year end.

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