Royal Charter Properties - East Inc

Organization Overview

Royal Charter Properties - East Inc is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Charter Properties - East Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Royal Charter Properties - East Inc generated $60.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $59.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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

TO ACQUIRE AND HOLD DIRECT AND INDIRECT INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PROFESSIONAL EMPLOYEES OF NEWYORK-PRESBYTERIAN HOSPITAL'S REAL ESTATE DEPARTMENT ARE DEDICATED TO PROVIDING THE HOSPITAL'S STAFF, VISITORS, AND GUESTS THE HIGHEST QUALITY OF CUSTOMER SERVICE IN ITS HOUSING, PARKING AND GUEST FACILITY ACCOMMODATIONS. UNDER THE UMBRELLA OF ROYAL CHARTER PROPERTIES THE STAFF STRIVES TO ENHANCE THE VALUE OF THE REAL ESTATE ASSETS AND INVESTMENTS THAT CONTRIBUTE TO THE HOSPITAL'S FISCAL WELL BEING.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Schindler Elevator
Elevator Services
$1,090,330
Laz Parking
Parking Services
$1,854,389
American Residential Contractors Ltd
Construction Service
$900,654
Cushman & Wakefield
Management Services
$9,067,539
Cla Commercial Cleaning Llc
Janitorial Service
$774,775
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$60,613,229
Investment income $18,686
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 $60,926,484

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