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50 BROADWAY REALTY CORP

NEW YORK, NY · EIN 020555262 · Form 990 · FY2023 · NTEE Z99 · Unknown · Large ($10M-$50M)
revenue
$16.3M
expenses
$16.2M
net assets
$19.0M
employees
10
mission · from form 990

WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AND OPERATING REAL PROPERTY LOCATED AT 50 BROADWAY, NEW YORK, NEW YORK ON BEHALF OF THE UNITED FEDERATION OF TEACHERS, LOCAL 2.

profile · synthesized from sources

50 BROADWAY REALTY CORP is a New York-based nonprofit established to acquire and operate real property at 50 Broadway, New York, NY, on behalf of the United Federation of Teachers, Local 2. The organization functions primarily as a real estate holding entity supporting a labor union's physical infrastructure. There is no public programmatic activity beyond property management.

named programs · 1 · from sources

What they call their work

Real Property Management
Acquires, holds, and operates real property located at 50 Broadway, New York, NY, for the benefit of the United Federation of Teachers, Local 2
activities · 1 group

What they do

  • Union and Member Organization Facility Operations 1 activity
    • Acquires and operates real property at 50 Broadway, New York, NY
      Manages and maintains real estate at 50 Broadway, New York, New York, serving as a headquarters or operational base for the United Federation of Teachers, Local 2.
financials · form 990 · fy2023
revenue
Total revenue$16.32M
Contributions & grants$00%
Program service revenue$15.64M96%
Investment income$685K4%
Other revenue$0
expenses
Total expenses$16.19M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$776K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$97.47M
Cash$6.42M
Investments$7.35M
Liabilities$78.49M
Net assets$18.98M
Liquid reserves10.2 mo
5 years on record · 2019–2023 · YoY revenue +0.4%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 9
NameTitleHours/wkCompensation
MICHAEL MULGREW PRESIDENT 1 $415K
LEROY BARR SECRETARY 1 $301K
KEVIN RIDDER BLDG MAINTENANCE 35 $298K
CHARLES HOHMANN BLDG MAINTENANCE 35 $273K
MAURICE O'LEARY BLDG MAINTENANCE 35 $212K
FRANK FINAMORE BLDG MAINTENANCE 35 $209K
JOSEPH BOSCO BLDG MAINTENENCE 35 $185K
DEBRA PENNY TREASURER - FORMER 1 $172K
VICTORIA LEE TREASURER 1 $121K
relationships · 1

Who they work with

  • United Federation of Teachers, Local 2 Partner — Owns and operates real property at 50 Broadway on behalf of this organization.