Realty Foundation Of New York
- Assets
- $1.2m
- Revenue
- $174.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1956
- Data as of
- 06/2022
- EIN
- 13-6016622
Organization Overview
Realty Foundation Of New York is located in New York, NY. The organization was established in 1956. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realty Foundation Of New York 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 06/2022, Realty Foundation Of New York generated $174.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $368.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Frank Executive Director | 35 | $159,712 | |
Larry Silverstein Chairman | 3 | $0 | |
Jerry Cohen Chairman | 3 | $0 | |
H Dale Hemmerdinger Chairman | 3 | $0 | |
Joseph Grotto Treasurer | 3 | $0 | |
Winston C Fisher Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,039 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,023 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,712 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,252 |
| Depreciation | $0 |
| Occupancy | $43,872 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,002 |
| Total operating and administrative expenses | $253,488 |
| Contributions, gifts, grants paid | $115,400 |
| Total expenses and disbursements | $368,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,286 |
| Savings and temporary cash investments | $26,384 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,592 |
| Total assets | $1,214,945 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,933 |
| Total liabilities | $18,933 |
Grants Awarded
Over the last fiscal year, Realty Foundation Of New York has awarded $115,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP GRANTS - SEE ATTACHED PURPOSE: N/A | $110,400 |
GRANTS TO THE NEEDY - SEE ATTACHED PURPOSE: N/A | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
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 |