Gsny Properties Inc
- Assets
- $34.4m
- Revenue
- -$323.5k
- Investments
- $160.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 27-2522212
Organization Overview
Gsny Properties Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gsny Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF BENEFITTING CHILDREN BY SUPPORTING AND BENEFITTING THE GATEWAY SCHOOL OF NEW YORK (GSNY), A NEW YORK EDUCATION CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION'S SOLE ACTIVITY IS TO PROVIDE FACILITIES FOR GSNY, AN EXEMPT NEW YORK EDUCATION CORPORATION, AND AS SUCH ALL REVENUES ARE DERIVED FROM THE RENTAL OF THE FACILITIES TO THE GSNY AND ALL EXPENSES ARE DIRECTLY RELATED TO THOSE RENTAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi J Schwartz Chair | OfficerTrustee | 1 | $0 |
Kieran Claffey Treasurer | OfficerTrustee | 1 | $0 |
Benson Kutrieb Secretary | OfficerTrustee | 1 | $0 |
Laurie Gruhn Start 7120 Head Of School | Officer | 1 | $0 |
Maureen Ryan Cfoo | Officer | 1 | $0 |
Polly S Brandmeyer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
211 W 61st St Condominium Inc Construction | 6/29/15 | $290,817 |
G&m Equipment Leasing Llc Construction | 6/29/15 | $210,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $68,230 |
| 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 | $68,230 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$391,747 |
| 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 | -$323,517 |
| 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 | $188 |
| Fees for services: Accounting | $19,052 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,206 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,453,810 |
| Net Land, buildings, and equipment | $28,536,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $160 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,416 |
| Total assets | $34,407,527 |
| Accounts payable and accrued expenses | $16,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,972,352 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $440,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,428,952 |
| Net assets without donor restrictions | $19,978,575 |
| 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 | $34,407,527 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gsny Properties Inc has recieved totaling $410,620.
| Awarding Organization | Amount |
|---|---|
Friends Of The Gateway School Inc New York, NY PURPOSE: FOR CAPITAL PROJECTS INVOICES AND OPERATIONS | $205,310 |
Friends Of The Gateway School Inc New York, NY PURPOSE: FOR CAPITAL PROJECTS INVOICES AND OPERATIONS | $205,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Research Collections And Preservation Consortium Inc Princeton, NJ | $56,454,726 | $4,069,858 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |