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CFRG NEWCO INC
AUBURN, NY · EIN 842831967 · Form 990 · FY2024 · NTEE B90 · Education · Micro (<$100K)
revenue
$-313K
expenses
$27K
net assets
$382K
employees
0
volunteers
5
program ratio
100%
mission · from form 990

TO HOLD TITLE AND COLLECT INCOME FROM REAL PROPERTY FOR THE BENEFIT OF THE FOUNDATION AND THE COLLEGE.

profile · synthesized from sources

CFRG NEWCO INC is a New York-based nonprofit established to hold title to real property and generate income from it for the benefit of a foundation and a college. The organization operates exclusively in the education sector, as classified by its NTEE code. Its primary activity, as stated in its IRS Form 990, is managing real estate assets to support affiliated educational institutions.

named programs · 1 · from sources

What they call their work

Real Property Management
Holds title to real estate assets and collects income from them, directing proceeds to support the foundation and a college as specified in its mission.
activities · 1 group

What they do

  • Nonprofit Real Estate Holding 1 activity
    • Manages real property to generate income for the foundation and college
      Holds title to real property and collects income from it to support the foundation and the college.
financials · form 990 · fy2024
revenue
Total revenue$-313K
Contributions & grants$0—
Program service revenue$157K—
Investment income$-469K—
Other revenue$0
expenses
Total expenses$27K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.11M
Cash$0
Investments$0
Liabilities$1.72M
Net assets$382K
Liquid reserves0.0 mo
2 years on record · 2023–2024 · YoY revenue -295.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
GUY THOMAS COSENTINO EXECUTIVE DIRECTOR 5 $116K
board members · 5
  • ALIZA QUERNS — VICE PRESIDENT
  • DAVID VERDI — TREASURER
  • HONORARY TIMOTHY RICE — SECRETARY
  • JOHN LATANYSHYN — BOARD MEMBER
  • KEVIN LAMONTAGNE — PRESIDENT
relationships · 2

Who they work with

  • THE COLLEGE Partner — Receives benefits from real property title holding and income collection activities.
  • THE FOUNDATION Partner — Receives benefits from real property title holding and income collection activities.