Nonprofit · EIN 85-3358007
MNC 1240 VALENCIA INC
Tax-exempt · SAN FRANCISCO, CA 94110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $386,855 | $669,070 | -$282,215 | $17,929,973 | $18,181,465 | -$251,492 |
| June 30, 2024 | 990 | $378,160 | $434,863 | -$56,703 | $12,522,659 | $12,491,936 | $30,723 |
| June 30, 2023 | 990 | $368,991 | $424,577 | -$55,586 | $11,313,027 | $11,225,601 | $87,426 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $363,344
- Investment income
- $23,511
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $307,867
- Program services (functional)
- $455,748
- Management and general (functional)
- $213,322
Balance sheet and other
- Total assets, start of year
- $12,522,659
- Total assets, end of year
- $17,929,973
- Total liabilities, end of year
- $18,181,465
- Net assets, end of year
- -$251,492
- Land, buildings and equipment
- $15,852,933
- Net assets without donor restrictions
- -$251,492
- Gross receipts
- $386,855
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEBASTIAN ALIOTO | Treasurer Trustee or director, Officer | 0 | $0 | $243,474 | $45,787 |
| JOSE A RODRIGUEZ | BOARD PRESIDENT Trustee or director, Officer | 0 | $0 | $128,988 | $5,463 |
| SANTIAGO RUIZ | Executive Dir. Officer | 0 | $0 | $52,000 | $0 |
| ERICH SCHULZ | Secretary Trustee or director, Officer | 0 | $0 | $0 | $0 |
| ADELA SIC HERNANDEZ | Director Trustee or director | 0 | $0 | $0 | $0 |
| KAREN SANTOS MAYEN | Director Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEBASTIAN ALIOTO | Treasurer Trustee or director, Officer | 0 | $0 | $231,137 | $42,723 |
| JOSE A RODRIGUEZ | BOARD PRESIDENT Trustee or director, Officer | 0 | $0 | $143,981 | $3,054 |
| SANTIAGO RUIZ | Executive Dir. Officer | 0 | $0 | $44,000 | $0 |
| ERICH SCHULZ | Secretary Trustee or director, Officer | 0 | $0 | $0 | $0 |
| ADELA SIC HERNANDEZ | Director Trustee or director | 0 | $0 | $0 | $0 |
| KAREN SANTOS MAYEN | Director Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEBASTIAN ALIOTO | Treasurer Trustee or director, Officer | 0 | $0 | $223,230 | $35,919 |
| JOSE A RODRIGUEZ | BOARD PRESIDENT Trustee or director, Officer | 0 | $0 | $132,839 | $5,634 |
| SANTIAGO RUIZ | Executive Dir. Officer | 0 | $0 | $48,000 | $0 |
| ERICH SCHULZ | Secretary Trustee or director, Officer | 0 | $0 | $0 | $0 |
| ADELA SIC HERNANDEZ | Director Trustee or director | 0 | $0 | $0 | $0 |
| KAREN SANTOS MAYEN | Director Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 362 CAPP ST, SAN FRANCISCO, CA 94110-1808
- In care of
- % JOSE A RODRIGUEZ
- Principal officer (990 for 2024)
- Beiling Gonzalez
- Signed the 990
- SEBASTIAN ALIOTO, Treasurer
- Phone
- (877) 829-5500
- Return prepared by
- HARSHWAL & COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-3358007 or by the name MNC 1240 VALENCIA INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The purpose of the Corporation is to hold the leasehold intererst in the property located at 1240 Valencia Street, SAn francisco, CA 94102 which is leased to MNC.
Program accomplishments
- MNC 1240 is considered a support organization to support the activities of MNC. MNC 1240 is operating the site in a manner enabling it to qualify as a Qualified Active Low Income Community Business (QALICB) that receives Qualified Low Income Community Investment (QLICI) loans under a New Market Tax Credit (NMTC).Expenses $455,748 · revenue $363,344
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3358007
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O99)
- Assets (IRS master file)
- $17,929,973
- Income (IRS master file)
- $386,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $386,855 | $669,070 | $17,929,973 | IRS |
| 990 | June 2024 | $378,160 | $434,863 | $12,522,659 | IRS |
| 990 | June 2023 | $368,991 | $424,577 | $11,313,027 | XML |
| 990 | June 2022 | $363,508 | $329,808 | $11,072,530 | IRS |
| 990 | June 2021 | $190,622 | $81,310 | $10,228,750 | 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 85-3358007).
Questions about MNC 1240 VALENCIA INC
- What is the EIN of MNC 1240 VALENCIA INC?
- The employer identification number (EIN) of MNC 1240 VALENCIA INC is 85-3358007.
- Is MNC 1240 VALENCIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MNC 1240 VALENCIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MNC 1240 VALENCIA INC 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 MNC 1240 VALENCIA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MNC 1240 VALENCIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MNC 1240 VALENCIA INC?
- The 990 for the year ended June 30, 2025 names Beiling Gonzalez.
- Who are the officers and directors of MNC 1240 VALENCIA INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MNC 1240 VALENCIA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $386,855, expenses of $669,070 and total assets of $17,929,973 at year end.
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