60 Oak Realty Corp

Organization Overview

60 Oak Realty Corp is located in Babylon, NY. The organization was established in 2019. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 60 Oak Realty Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2023, 60 Oak Realty Corp generated -$2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.4%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

A TITLE HOLDING CORPORATION ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY FOR THE USE OF OTHER EXEMPT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLD TITLE TO REAL PROPERTY FOR THE BENEFIT OF OTHER TAX EXEMPT ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
James Carone
Vice President
$0
Kevin Berthelsen-Leon
Secy-Treasurer
$0
Michael Sullivan
President
$0
Brian Aarne
Recording Secretary
$0
James Sokolowski
Vice General Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$2,857
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$2,857

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