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Nonprofiteer
← 28 REALTY INC

Form 990 for tax year 2025

Filed by 28 REALTY INC.

Totals

Total revenue
$70,881
Total expenses
$301,416
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$68,304
Investment income
$2,577
Other revenue
$0
Total assets, end of year
$381,220
Total liabilities, end of year
$2,844,605
Net assets or fund balances, end of year
-$2,463,385
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: BUILDING ASSESSMENTS

    total $55,704 · related or exempt $55,704

  • 2b · Program service revenue: RENTAL INCOME

    total $12,600 · related or exempt $12,600

  • 3 · Investment income

    total $2,577 · excluded $2,577

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $279,945

  • 22 · Depreciation, depletion and amortization

    total $21,471

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,989 · end of year $104,639

  • 2 · Savings and temporary cash investments

    beginning of year $324,222 · end of year $76,800

  • 10a · Land, buildings and equipment: cost or other basis

    $1,601,532

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,405,517

  • 10c · Land, buildings and equipment, net

    beginning of year $181,944 · end of year $196,015

  • 15 · Other assets

    beginning of year $4,600 · end of year $3,766

  • 25 · Other liabilities

    beginning of year $2,844,605 · end of year $2,844,605

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$2,232,850 · end of year -$2,463,385

Mission and programs · 2025

Mission

HOLDS TITLE TO REAL ESTATE.

  • HOLDS TITLE TO REAL ESTATE.

As filed on the 2025 return.

Listed in Part VII

  • Eric Meslin

    PRESIDENT

    Total calculated
    $439,327
    From this org
    $0
    From related orgs
    $243,062
    Other
    $196,265
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,211 related
    Bonus
    $0
    Other
    $0 + $47,851 related
    Deferred
    $0 + $143,009 related
    Nontaxable benefits
    $0 + $53,256 related
    Filer's total
    $0 + $439,327 related

  • Salvatore Starace

    SECRETARY/TREASURER

    Total calculated
    $372,784
    From this org
    $0
    From related orgs
    $202,831
    Other
    $169,953
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,676 related
    Bonus
    $0
    Other
    $0 + $40,155 related
    Deferred
    $0 + $119,272 related
    Nontaxable benefits
    $0 + $50,681 related
    Filer's total
    $0 + $372,784 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
23 March 2026
IRS schema version
2025v4.0
Source object
202610829349301006

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