Augustus & James Corporation
- Assets
- $15.2m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 13-3392851
Organization Overview
Augustus & James Corporation is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augustus & James Corporation 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 12/2023, Augustus & James Corporation generated $15.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $11.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT FOR ST LUKE'S-ROOSEVELT HOSPITAL CENTER AND ITS AFFILIATES THROUGH THE OWNERSHIP OF REAL ESTATE THAT SERVES THE TAX EXEMPT PURPOSES OF THE HOSPITAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MODERATE INCOME EMPLOYEES OF ST. LUKE'S ROOSEVELT HOSPITAL CENTER HOUSING TO ENSURE THAT THESE EMPLOYEES ARE IN CLOSE PROXIMITY OF THE HOSPITAL TO SUPPORT ITS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/chairman | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee/treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Trustee | Trustee | 0.5 | $0 |
Name Not Listed Secretary | Officer | 0.5 | $0 |
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Standard Parking Corp Park & Garage Mgmt | 12/30/23 | $1,138,030 |
Two Amsterdam Condominium Building & Management Services | 12/30/23 | $216,372 |
Olympic Torch Contracting Co Security Services | 12/30/23 | $432,790 |
Mg Security Services Llc Security Services | 12/30/23 | $164,310 |
Specialty Construction System Inc Structural Contr Svc | 12/30/23 | $161,419 |
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 | $13,651,003 |
| Investment income | $91,921 |
| 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 | $14,956,375 |
| 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 | $1,358,500 |
| Pension plan accruals and contributions | $326,040 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $304,018 |
| Fees for services: Legal | $3,648 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,516,066 |
| Advertising and promotion | $0 |
| Office expenses | $17,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,210,149 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,888,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $788,449 |
| Insurance | $14,624 |
| All other expenses | $0 |
| Total functional expenses | $11,448,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,616,398 |
| Savings and temporary cash investments | $91,921 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $889,316 |
| 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 | $212,238 |
| Net Land, buildings, and equipment | $4,932,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,497,095 |
| Total assets | $15,239,513 |
| Accounts payable and accrued expenses | $237,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $93,853,545 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $208,179 |
| Total liabilities | $94,298,891 |
| Net assets without donor restrictions | -$79,059,378 |
| 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 | $15,239,513 |