2024-04-12T04:47:55-05:00 2023-05-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-06-01 541683946 NAPS PROPERTY INC NAPS 7038369660 1727 KING STREET SUITE 400 ALEXANDRIA VA 22314 JAMES WARDEN SECRETARY/TREASURER 7038369660 2024-04-11 1 JAMES WARDEN 999009999 0 DANIEL O'SHEA P00957510 3016529100 2024-04-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z IVAN BUTTS 1727 KING STREET SUITE 400 ALEXANDRIA VA 22314 869005 0 X N/A X 1993 DE SEE SCHEDULE O 4 0 0 0 0 0 480000 599306 203524 269699 -303333 0 0 0 380191 869005 0 0 0 0 0 0 0 0 0 1077971 926285 1077971 926285 -697780 -57280 2227342 2167280 80777 77995 2146565 2089285 TO HOLD TITLE AND COLLECT RENTAL INCOME, PAY EXPENSES, AND DISTRIBUTE NET INCOME TO THE NATIONAL ASSOCIATION OF POSTAL SUPERVISORS. 0 0 NAPS PROPERTY, INC. LEASED COMMERCIAL OFFICE SPACE LOCATED AT 1727 AND 1729 KING STREET IN ALEXANDRIA, VIRGINIA TO TENANTS. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 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 7 0 1 0 0 0 0 0 0 0 0 0 X 4 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 X JAMES WARDEN 7038369660 1727 KING ST 400 ALEXANDRIA VA 22314 IVAN BUTTS PRESIDENT 1.00 57.00 X X 0 190838 10846 CHARLES A MULIDORE EXEC. VICE PRESIDENT 1.00 57.00 X X 0 177466 3805 JAMES WARDEN SECRETARY/TREASURER 5.00 53.00 X X 0 168698 9058 BRIAN J WAGNER IMMEDIATE PAST PRESIDENT 1.00 57.00 X X 0 98974 0 0 635976 23709 0 0 1 0 STOLADI PROPERTY GROUP 1636 CONNECTICUT AVENUE NW SUITE WASHINGTON DC 20009 PROPERTY MANAGEMENT 224208 1 599306 599306 RENTAL INCOME 531120 240282 240282 PARKING AND OTHER INCO 900099 29417 29417 269699 869005 269699 0 0 219379 2584 5350 5188 49702 10390 165118 128004 22137 ASSOCIATION DUES 224698 REPAIR AND MAINTENANCE 93735 926285 126048 133635 3267 -6024 43435 63937 5465822 3490090 2054592 1975732 2227342 2167280 55895 51947 9489 4101 15393 21947 80777 77995 X 2146565 2089285 2146565 2089285 2227342 2167280 -57280 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5465822 3490090 1975732 1975732 X 2441725 2172026 2172026 269699 599306 599306 869005 5638018 5638018 5638018 0 926285 926285 926285 PART IV, LINE 2B: TENANT SECURITY DEPOSITS ARE HELD BY THE ORGANIZATION. PART X, LINE 2: NPI BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, THEY DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. NPI RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN GENERAL AND ADMINISTRATIVE EXPENSES IN LOSS FROM BUILDING OPERATIONS ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS. THERE IS NO PROVISION IN THESE CONSOLIDATED FINANCIAL STATEMENTS FOR PENALTIES AND INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED MAY 31, 2023 AND 2022. TAX YEARS PRIOR TO 2019 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE TAX JURISDICTION OF THE COMMONWEALTH OF VIRGINIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME OF RELATED ORGS. ON CONSOLIDATED FIN. STATEMENTS 3,098,311. ORG. EXPENSES NETTED AGAINST REVENUE ON CONSOLIDATED FIN. STATEMENTS -926,285. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM RELATED ORG. THAT WAS ELIMINATED ON CONSOL FIN. STATEMENTS 599,306. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGS. ON THE CONSOLIDATED FIN. STATEMENTS 5,638,018. PART XII, LINE 4B - OTHER ADJUSTMENTS: ORG. EXPENSES NETTED AGAINST REVENUE ON CONSOLIDATED FIN. STATEMENTS 926,285. 0 0 0 IVAN BUTTS PRESIDENT 0 190838 0 0 0 0 0 0 0 10846 0 201684 0 0 CHARLES A MULIDORE EXEC. VICE PRESIDENT 0 177466 0 0 0 0 0 0 0 3805 0 181271 0 0 JAMES WARDEN SECRETARY/TREASURER 0 168698 0 0 0 0 0 0 0 9058 0 177756 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO HOLD TITLE AND COLLECT RENTAL INCOME, PAY EXPENSES, AND DISTRIBUTE NET INCOME TO THE NATIONAL ASSOCIATION OF POSTAL SUPERVISORS. FORM 990, PART VI, SECTION A, LINE 3 STOLADI PROPERTY GROUP IS A COMMERCIAL REAL ESTATE MANAGEMENT COMPANY WHICH PROVIDES PROFESSIONAL SERVICES FOR NAPS PROPERTY, INC., AS WELL AS OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 8B NO SUCH COMMITTEES EXIST. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS PROVIDED TO THE BOARD WHO REVIEWS THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 NAPS PROPERTY, INC. DOES NOT HAVE EMPLOYEES AND DOES NOT COMPENSATE ITS OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 NAPS PROPERTY, INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. NAT'L ASS'N OF POSTAL SUPERVISORS 1727 KING STREET SUITE 400 ALEXANDRIA VA 22314 530188062 PROFESSIONAL ASSOCIATION VA 501(C)(5) N/A N/A 0 SUPERVISORS POLITICAL ACTION COMMITTEE 1727 KING STREET SUITE 400 ALEXANDRIA VA 22314 521115597 POLITICAL ACTIVITY VA 527 N/A NAPS 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1