Ardeon Realty Corp
- Assets
- $11.1m
- Revenue
- $4.8m
- Investments
- $2.3m
- Employees
- 10
- Location
- New York, NY
- Founding
- 06/1958
- Data as of
- 12/2021
- EIN
- 13-1822756
Organization Overview
Ardeon Realty Corp is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ardeon Realty Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ardeon Realty Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE, OWN, LEASE AND OPERATE REAL PROPERTY FOR THE BENEFICIAL INTEREST OF 1199SEIU UNITED HEALTHCARE WORKERS EAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURCHASE, OWN, LEASE AND OPERATE REAL PROPERTY FOR THE BENEFICIAL INTEREST OF 1199SEIU UNITED HEALTHCARE WORKERS EAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Gresham President | OfficerTrustee | 2.5 | $0 |
Yvonne Armstrong Sr.executive VP | OfficerTrustee | 2.5 | $0 |
Maria Castaneda Secretary/treas | OfficerTrustee | 2.5 | $0 |
Lucy Chen CFO | Officer | 2.5 | $0 |
Teresa Tripodi Dir. Of Finance | 2.5 | $0 | |
Simone Gallo Assist Controller | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Med-tek Contracting General Contractor | 12/30/18 | $695,059 |
New York Plumbing Heating Cooling Corp Plumbing And Heating Services | 12/30/18 | $671,518 |
Paul Weiss Rifkind Wharton & Garrison Legal | 12/30/18 | $278,872 |
Bench Mark Builders General Contractor | 12/30/18 | $363,102 |
Henrick-lane Service Corp Hvac Construction Services | 12/30/18 | $309,439 |
View All Vendors
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 | $4,753,585 |
| Investment income | $0 |
| 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 | $4,754,306 |
| 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. | $24,250 |
| Compensation of current officers, directors, key employees. | $24,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $730,257 |
| Pension plan accruals and contributions | $78,022 |
| Other employee benefits | $217,944 |
| Payroll taxes | $52,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,441 |
| Fees for services: Accounting | $5,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,977 |
| Advertising and promotion | $0 |
| Office expenses | $35,787 |
| Information technology | $252 |
| Royalties | $0 |
| Occupancy | $493,054 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $334,185 |
| All other expenses | $0 |
| Total functional expenses | $2,033,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,686 |
| 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 | $254 |
| Net Land, buildings, and equipment | $2,261,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,266,404 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,003,127 |
| Total assets | $11,136,626 |
| Accounts payable and accrued expenses | $50,885 |
| Grants payable | $0 |
| Deferred revenue | $395,944 |
| 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 | $0 |
| Total liabilities | $446,829 |
| Net assets without donor restrictions | $10,689,797 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,136,626 |
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156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |