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Nonprofiteer
← BNSIC TITLE HOLDING CORPORATION

Form 990 for tax year 2023

Filed by BNSIC TITLE HOLDING CORPORATION.

Totals

Total revenue
$0
Total expenses
$5,162
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
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.

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,824

  • 8 · Pension plan contributions

    total $318

  • 9 · Other employee benefits

    total $599

  • 10 · Payroll taxes

    total $140

  • 16 · Occupancy

    total $2,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,491 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,876 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $401 · end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $326,632 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$296,864 · end of year $0

Mission and programs · 2023

Mission

THE BNSIC TITLE HOLDING CORPORATION WAS ESTABLISHED TO HOLD PROPERTY DONATED TO ITS PARENT ORGANIZATION, THE BASILICA OF THE NATIONAL SHRINE OF THE IMMACULATE CONCEPTION UNTIL THE PROPERTY IS SOLD.

Activities or mission (Part I)

TO HOLD PROPERTY DONATED TO THE BASILICA OF THE NATIONAL SHRINE OF THE IMMACULATE CONCEPTION.

  • THIRTEEN RENTAL PROPERTIES WERE DONATED TO BNSIC TITLE HOLDING CORPORATION'S PARENT ORGANIZATION, THE BASILICA OF THE NATIONAL SHRINE OF THE IMMACULATE CONCEPTION, ON FEBRUARY 20, 2018. ALL OF THESE PROPERTIES ARE LOCATED WITHIN THE DISTRICT OF COLUMBIA WITH A TOTAL OF 34 TENANTS AS OF JUNE 30, 2018. THE TITLES OF THE 13 PROPERTIES WERE TRANSFERRRED TO BNSIC TITLE HOLDING CORPORATION FROM IT'S PARENT ORGANIZATION. THE POLICIES OF THE BASILICA OF THE NATIONAL SHRINE OF THE IMMACULATE CONCEPTION REQUIRE DONATED REAL ESTATE PROPERTIES TO BE SOLD AS SOON AS IT IS PRACTICAL TO DO SO. THE SOLE ACTIVITY OF THE BNSIC TITLE HOLDING CORPORATION IS TO HOLD THESE PROPERTIES UNTIL THEY ARE SOLD. AS OF JUNE 30, 2023, ALL OF THE PROPERTIES HAVE BEEN SOLD.

As filed on the 2023 return.

Listed in Part VII

  • Daniel P MacGregor

    SECRATARY/TREASURER

    Total calculated
    $244,154
    From this org
    $1,475
    From related orgs
    $197,664
    Other
    $45,015
    Hours/week
    4 + 41 related

    Schedule J breakdown matched by us

    Base
    $1,475 + $197,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $175 + $23,697 related
    Nontaxable benefits
    $158 + $20,985 related
    Filer's total
    $1,808 + $242,346 related
  • Rev Monsignor Walter R Rossi

    PRESIDENT

    Total calculated
    $125,114
    From this org
    $263
    From related orgs
    $78,772
    Other
    $46,079
    Hours/week
    2 + 48 related
  • Rev Monsignor Vito A Buonamo

    VICE PRESIDENT

    Total calculated
    $96,799
    From this org
    $45
    From related orgs
    $54,178
    Other
    $42,576
    Hours/week
    0.5 + 49.5 related
  • Father Ismael Ayala

    VICE PRESIDENT

    Total calculated
    $106,625
    From this org
    $41
    From related orgs
    $48,618
    Other
    $57,966
    Hours/week
    5 + 49.5 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202520369349301122

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