Fuller Road Management Corporation
- Assets
- $555.7m
- Revenue
- -$8.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 14-1772760
Organization Overview
Fuller Road Management Corporation is located in Albany, NY. The organization was established in 1996. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FULLER ROAD MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY AND COLLECTING INCOME THERERFROM. ITS MISSION IS TO PURCHASE, ACQUIRE, OWN, HOLD, IMPROVE AND DEVELOP LANDS, BUILDINGS AND OTHER REAL PROPERTY IMPROVEMENTS THAT PROVIDE FACILITIES THAT PROMOTE RESEARCH, EDUCATION AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULLER ROAD MANAGEMENT CORPORATION PURCHASES, ACQUIRES, OWNS, HOLDS, IMPROVES AND DEVELOPS LAND, BUILDINGS AND OTHER REAL PROPERTY IMPROVEMENTS THAT PROVIDE FACILITIES THAT PROMOTE RESEARCH, EDUCATION AND ECONOMIC DEVELOPMENT. FULLER ROAD MANAGEMENT CORPORATION HOLDS THE TITLE TO SUCH PROPERTY AND COLLECTS INCOME FROM THE RENTAL OF THIS PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Grose Past Pres/chairman, Dir Thru 4/22/22 | Trustee | 10 | $179,656 |
Michael Abbott Director | Trustee | 0.5 | $0 |
Anita Brown Director, As Of 7/26/2021 | Trustee | 0.5 | $0 |
Christine Chung Director | Trustee | 0.5 | $0 |
Michael Frame Director, Thru 8/1/2021 | Trustee | 0.5 | $0 |
Heather Hage Director, As Of 7/26/2021 | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tricentennial Properties Llc Rent | 6/29/22 | $740,513 |
Hinman Straub Pc Legal | 6/29/22 | $185,563 |
Harris Beach Pllc Legal | 6/29/22 | $110,608 |
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 | $14,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,500 |
| Total Program Service Revenue | $0 |
| Investment income | $3,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$8,177,016 |
| 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 | -$8,158,710 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $6,615,819 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,500 |
| Total functional expenses | $6,630,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,213,651 |
| Savings and temporary cash investments | $15,703,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,664,213 |
| 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 | $2,976,031 |
| Net Land, buildings, and equipment | $496,979,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,198,467 |
| Total assets | $555,735,538 |
| Accounts payable and accrued expenses | $4,521,142 |
| Grants payable | $0 |
| Deferred revenue | $5,098,935 |
| 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 | $273,501,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,799,431 |
| Total liabilities | $299,920,617 |
| Net assets without donor restrictions | $255,710,332 |
| Net assets with donor restrictions | $104,589 |
| 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 | $555,735,538 |