Civic Intelligence

Calcolo Realty Company Inc

EIN 13-6065171 • 501(c)2 • Newark, DE

Profile

The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.

500 Stanton Christiana RD NCC2-2Newark, DE 19713
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Operations

Revenue

$5,898

No earlier filing loaded for comparison.

Expenses

$5,898

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$0Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0K$4.0K$2.0K$0Revenue 2020: $5,898Expenses 2020: $5,898Net Income 2020: $02020

Highlighted filing

2020

Revenue$5,898
Expenses$5,898
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0$0$0$5,898$5,898$0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 17, 2022
Return Version
2020v4.0
Gross Receipts
$5,898
Mission and Program Overview

Mission

The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.

The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$709,125$0▼ $709,125
Pd in Cap Srpls Land Bldg Eqp Fund$709,125$0▼ $709,125
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$709,125$0▼ $709,125
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$709,125$0▼ $709,125
Total Liabilities and Net Assets / Fund Balance$709,125$0▼ $709,125
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel T SangPresident
Jay DewaltoffVice President
Mihir PatelVice President and Secretary
Darrell GrafDirector
Naresh GabaniDirector
Ryan PellegrinoAssistant Secretary
Justin WongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,898
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$5,898$0$5,898
Total Functional Expenses$0$5,898$0$5,898
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The Corporation has one shareholder, Commingled Pension Trust Fund (Mortgage Private Placement) of JPMorgan Chase Bank, N.A. (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.

Form 990, Part VI, Section A, Line 7A

The sole shareholder holds annual meetings to elect and/or remove a new board of directors. The board of directors hold annual meeting to elect and/or remove officers.

Form 990, Part VI, Section A, Line 7B

The business of the corporation shall be managed by its board of directors with all actions approved by the sole shareholder.

Form 990, Part VI, Section A, Line 8A

The annual meetings of the sole shareholder and the board of directors are documented by unanimous written consents.

Form 990, Part VI, Section A, Line 8B

To date, there are no committees or delegation of authority within the governing body.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the signer who is also an Officer/Director of the organization.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Calcolo Realty Company Inc
EIN
13-6065171
Phone
3026341114
Address
500 Stanton Christiana RD NCC2-2, Newark, DE 19713

Signing Officer

Name
Mihir Patel
Title
Vice President and Secretary
Phone
3026343948
Signed
2022-02-17

Organization Details

Formed
1960
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.

Form 990, Part III, Line 1

The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.

Form 990, Part XI, Line 5

The change in net assets or fund balances is a result of principal being paid on the property to which the Corporation holds title.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Corporation has one shareholder, Commingled Pension Trust Fund (Mortgage Private Placement) of JPMorgan Chase Bank, N.A. (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The sole shareholder holds annual meetings to elect and/or remove a new board of directors. The board of directors hold annual meeting to elect and/or remove officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The business of the corporation shall be managed by its board of directors with all actions approved by the sole shareholder.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The annual meetings of the sole shareholder and the board of directors are documented by unanimous written consents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6To date, there are no committees or delegation of authority within the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 990 is reviewed by the signer who is also an Officer/Director of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The change in net assets or fund balances is a result of principal being paid on the property to which the Corporation holds title.
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ReasonableCauseExplanation/ExplanationTxt0The Taxpayer hereby requests that the IRS not assess penalties in connection with the late filing of its Form 990 Federal Income Tax Return. The Taxpayer believes that the failure to timely file the return was due to reasonable cause (within the meaning of Sec. 6652(c)(4)) and not due to willful neglect (Treas. Regs. Sec. 301.6652-1(f)). The Taxpayer is a tax-exempt Section 501(c)(2) organization that in turn wholly owned by an entity that is treated as tax-exempt under Section 401. Prior to the current return, the taxpayer has always timely filed its tax return on time. The taxpayer was not aware of the recent legislative change that required electronic filings of form 990. Accordingly, the taxpayer completed and delivered by courier a paper Form 990 [FedEx Tracking number 8134 7874 3642]. The Taxpayer subsequently was informed during December 2021 via a letter from the IRS that the paper return was not accepted given the new electronic filing requirement and that accordingly the paper return was to be deemed 'not filed'. Upon receipt of the letter from the IRS the Taxpayer undertook to understand its obligation to file electronically and to identify a service provider capable of transmitting the filings electronically. We note that the Taxpayer did not owe any income or excise tax in connection with the filing and there were no overdue, outstanding, or late payments. Given the Taxpayer's history of timely compliance, the Taxpayer's good-faith effort to file on time demonstrated by the paper filing made prior to the due date, this being the Taxpayer's first return subject to electronic filing requirements and the taxpayer's efforts to quickly remedy the delinquency, the Taxpayer hereby respectfully requests that the IRS find reasonable cause for the late filing and that, accordingly, no penalties are assessed.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mihir Patel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President and Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum03026343948
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALCOLO REALTY COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0CALC
ReturnHeader/Filer/EIN0136065171
ReturnHeader/Filer/PhoneNum03026341114
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 Stanton Christiana RD NCC2-2
ReturnHeader/Filer/USAddress/CityNm0Newark
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019713
ReturnHeader/ReturnTs02022-02-17T17:48:24-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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