52 Broadway Realty Corp
- Assets
- $50.9m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2003
- Data as of
- 07/2021
- EIN
- 02-0555237
Organization Overview
52 Broadway Realty Corp is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 52 Broadway 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 07/2021, 52 Broadway Realty Corp generated $15.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $24.8m during the year ending 07/2021. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WAS ORGANIZED FOR THE PURPOSE OF ENTERING INTO A LONG-TERM NET LEASE OF LAND AND BUILDING LOCATED AT 52 BROADWAY, NEW YORK, NY ON BEHALF OF UNITED FEDERATION OF TEACHERS, LOCAL 2.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROSS EXPENSES INCURRED BY THE CORPORATION FOR THE PURPOSE OF ENTERING INTO A LONG-TERM NET LEASE OF LAND AND BUILDING FOR AN EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mulgrew President | Officer | 1 | $0 |
Debra Penny Treasurer | Officer | 1 | $0 |
Leroy Barr Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aggressive Energy Llc Energy Services | 7/30/21 | $260,809 |
Harvard Protection Services Llc Security Service | 7/30/21 | $625,678 |
Pbm Llc Building Services | 7/30/21 | $1,934,661 |
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 | $13,328,823 |
| Investment income | $8,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $15,066,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $157,477 |
| Fees for services: Legal | $19,974 |
| Fees for services: Accounting | $22,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,747 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,263,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,088,468 |
| Insurance | $254,569 |
| All other expenses | $200,754 |
| Total functional expenses | $24,762,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,350 |
| Savings and temporary cash investments | $117,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,258,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,615,465 |
| Net Land, buildings, and equipment | $16,636,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,678,602 |
| Total assets | $50,887,165 |
| Accounts payable and accrued expenses | $1,629,843 |
| Grants payable | $0 |
| Deferred revenue | $448,318 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,752,952 |
| Total liabilities | $66,831,113 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$15,943,949 |
| Total liabilities and net assets/fund balances | $50,887,165 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 52 Broadway Realty Corp has recieved totaling $9,176.
| Awarding Organization | Amount |
|---|---|
Council For Economic Education New York, NY PURPOSE: EDUCATION - NEW YORK AREA PROFESSIONAL DEVELOPMENT | $9,176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |