50 Broadway Realty Corp

Organization Overview

50 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. As of 07/2021, 50 Broadway Realty Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 50 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, 50 Broadway Realty Corp generated $16.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $16.7m during the year ending 07/2021. While expenses have increased by 4.3% 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.

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 ACQUIRING AND OPERATING REAL PROPERTY LOCATED AT 50 BROADWAY, NEW YORK, NEW YORK ON BEHALF OF THE UNITED FEDERATION OF TEACHERS, LOCAL 2.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GROSS EXPENSES INCURRED BY CORPORATIN HOLDING TITLE TO PROPERTY FOR AN EXEMPT ORGANIZATION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
La Guardia Mechanical Group
Mechanical Services
$179,441
Aggressive Enery Llc
Energy Service
$180,117
Harvard Protection Services Llc
Security Service
$354,736
Pbm Llc
Building Maintenance
$1,641,960
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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$16,417,511
Investment income $26,068
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $45,759
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,489,338

Peer Organizations

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