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WARC PROPERTIES INC
HAWTHORNE, NY · EIN 237356004 · Form 990 · FY2024 · NTEE S47Z · Community Improvement · Micro (<$100K)
revenue
$95K
expenses
$53K
net assets
$2.6M
employees
0
volunteers
4
program ratio
100%
mission · from form 990

WARC PROPERTIES, INC. IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO ACQUIRE AND MORTGAGE PROPERTY TO BE LEASED AT NO PROFIT TO AFFILIATES OF THE ORGANIZATION.

profile · synthesized from sources

WARC PROPERTIES INC is a New York-based nonprofit formed to acquire and mortgage property, which it then leases at no profit to affiliated organizations. Its mission centers on real estate management and support for affiliated entities within a community improvement framework. The organization operates primarily as a property-holding entity to benefit its affiliates.

named programs · 1 · from sources

What they call their work

Property Acquisition and Leasing
Acquires and mortgages real estate to lease at no profit to affiliated organizations, supporting their operational stability.
activities · 1 group

What they do

  • Nonprofit Real Estate Holding 1 activity
    • Acquires and mortgages property for lease to affiliated organizations
      Engages in acquiring and mortgaging real estate, which is then leased at no profit to affiliated organizations, supporting their operational needs through long-term property arrangements.
financials · form 990 · fy2024
revenue
Total revenue$95K
Contributions & grants$00%
Program service revenue$52K55%
Investment income$43K45%
Other revenue$0
expenses
Total expenses$53K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.59M
Cash$245K
Investments$1.40M
Liabilities$0
Net assets$2.59M
Liquid reserves372.0 mo
4 years on record · 2020–2024 · YoY revenue +16.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
TIBISAY GUZMAN EXECUTIVE DIRECTOR/CEO 1 $417K
board members · 4
  • ANNE MAJSAK — DIRECTOR
  • JOHN BARRETT — DIRECTOR
  • MARK GLUCKSMAN — TREASURER
  • ROBERT PICONE — DIRECTOR
relationships · 1

Who they work with

  • Affiliates of WARC PROPERTIES INC Partner — Leases property at no profit to affiliated organizations.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.