International Longshoremens 1588 Corp
Nonprofit profile at a glance
- EIN
- 900140634
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Bayonne, NJ, USA
- Phone
- 2014373452
- Rating confidence
- Limited
Reported finances
- Revenue
- $33,770
- Expenses
- $28,495
- Assets
- $426,606
- Liabilities
- $481,458
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- VIRGIL MALDONADO (PRESIDENT)
- PAUL PAUDANO (WAREHOUSE VICE PRESIDENT)
- VITO RECCHIA (DEEP SEA VICE PRESIDENT)
Highest reported compensation
- VIRGIL MALDONADO (PRESIDENT): $405,188 total reported compensation
- BRENDA EAGLE (OFFICE MANAGER): $231,873 total reported compensation
- MARK SANTORO (SECRETARY TREASURER): $135,145 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lease of land and building to international longshoremen 1588 ila and affiliated entities
What it reported doing in 2024
Rental of land and building to affiliated exempt organization.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 39
- Sustainability: 55
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 44.4%; rating input score 44; 20th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.6%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 14.97; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 1.13; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 206%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.5% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: -1.1% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 9 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $405K · 10 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 44/100.
- Moderate — Accountability: Governance controls: 6 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.