2025-11-17T13:08:59-06:00 2024-12-31 222951202 MSPC CPAS & ADVISORS PC 340 NORTH AVENUE EAST CRANFORD NJ 070162496 990 2024-01-01 900140634 INTERNATIONAL LONGSHOREMENS 1588 CORP INTE 2014373452 550 KENNEDY BLVD BAYONNE NJ 070022620 VIRGIL MALDONADO PRESIDENT 2014373452 2025-11-17 1 1 JON S GAGLIARDI CPA P00528721 9082727000 2024 2025-03-06 01:10:19Z VIRGIL MALDONADO 550 KENNEDY BLVD BAYONNE NJ 070022620 57400 0 X N/A X 1973 NJ LEASE OF LAND AND BUILDING TO INTERNATIONAL LONGSHOREMEN 1588 ILA AND AFFILIATED ENTITIES 9 4 0 0 5570 0 0 0 28200 28200 0 0 7611 5570 35811 33770 0 0 0 0 0 0 0 0 0 23471 28495 23471 28495 12340 5275 421332 426606 481458 481458 -60126 -54852 LEASE OF LAND AND BUILDING TO INTERNATIONAL LONGSHOREMEN 1588 ILA AND AFFILIATED ENTITIES 0 0 RENTAL OF LAND AND BUILDING TO AFFILIATED EXEMPT ORGANIZATION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 4 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X INTL LONGSHOREMENS 1588 ILA 2014373452 550 KENNEDY BLVD BAYONNE NJ 070022620 MICHAEL ACETI TRUSTEE 0.50 0.50 X 0 8106 0 ROGER PEREZ TRUSTEE/BUSINESS AGENT 0.50 0.50 X 0 12876 0 DAVID MALDONADO TRUSTEE 0.50 0.50 X 0 21267 0 VIRGIL MALDONADO PRESIDENT 1.00 39.00 X 0 405188 0 MARK SANTORO SECRETARY TREASURER 1.00 39.00 X 0 135145 0 PAUL PAUDANO WAREHOUSE VICE PRESIDENT 0.50 0.50 X 0 19892 0 VITO RECCHIA DEEP SEA VICE PRESIDENT 0.50 0.50 X 0 7440 0 DONNELL LINTON BUSINESS AGENT 0.50 1.50 X 0 6753 0 NEIL PACILIO RECORDING SECRETARY 1.00 39.00 X 0 86561 0 BRENDA EAGLE OFFICE MANAGER 1.00 39.00 X 0 173170 58703 0 876398 58703 0 0 1 0 0 RENTAL INCOME FROM AFF 531110 28200 28200 28200 29200 23630 5570 5570 5570 33770 28200 5570 0 3550 350 14373 10222 28495 118336 143653 783198 500245 302996 282953 421332 426606 481458 481458 481458 481458 X -60126 -54852 -60126 -54852 421332 426606 5275 0 X X 0 1 X 1 0 88000 88000 684225 489272 194953 10973 10973 0 282953 ADVANCES FROM AFFILIATED EXEMPT ORG 480358 SECURITY DEPOSIT 1100 481458 X 57400 0 57400 -23630 -23630 33770 52125 23630 23630 28495 0 28495 PART X, LINE 2: THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LOCAL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE LOCAL UNION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR YEARS ENDED DECEMBER 31, 2024 AND 2023. ILA 1588 CORP OBTAINED TAX-EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501 (C)(2) OF THE INTERNAL REVENUE CODE AND FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE INCLUDED IN RENTAL INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE INCLUDED IN RENTAL INCOME X 0 0 0 VIRGIL MALDONADO PRESIDENT 0 405188 0 0 0 0 0 0 0 0 0 405188 0 0 BRENDA EAGLE OFFICE MANAGER 0 172270 0 0 0 900 0 36571 0 22132 0 231873 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN ACCOUNTING PROFESSIONAL, REVIEWED AND SIGNED BY THE PRINCIPAL OFFICER OF THE LOCAL UNION, AND FILED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 1 THE MODIFIED CASH BASIS OF ACCOUNTING HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XXI, LINE 2C THE TRUSTEES AND OFFICERS ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT AUDITORS. INTL LONGSHOREMENS 1588 ILA 550 KENNEDY BLVD BAYONE NJ 07002 221010703 ORDINARY UNION ACTIVITIES SERVING MEMBERSHIP NJ 501(C)5 SAME 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 ILA LOCAL 1588 J 28200 RENT