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280 NEW HACKENSACK ROAD FUND CORP
WAPPINGERS FALLS, NY · EIN 473348329 · Form 990 · FY2024 · NTEE S47 · Community Improvement · Micro (<$100K)
revenue
$55K
expenses
$46K
net assets
$204K
employees
0
program ratio
0%
mission · from form 990

TO ACQUIRE, HOLD AND OPERATE INVESTMENT IN REAL ESTATE FOR THE SOLE BENEFIT, AND AS A NOMINEE OF, THE WAPPINGERS CONGRESS OF TEACHERS.

profile · synthesized from sources

280 New Hackensack Road Fund Corp is a New York-based entity established to hold and manage real estate investments. It operates exclusively for the benefit of the Wappingers Congress of Teachers, serving as their nominee in property ownership and management activities. The organization does not directly deliver public services or programs but supports its affiliated teachers' group through real estate administration.

named programs · 1 · from sources

What they call their work

Real Estate Investment Management
Holds, acquires, and operates real estate investments as nominee for the Wappingers Congress of Teachers, providing asset management and property administration services.
activities · 1 group

What they do

  • Union Real Estate Holding Corporation 1 activity
    • Acquires, holds, and operates real estate investments as a nominee
      Acts as a nominee to acquire, hold, and operate real estate investments on behalf of the Wappingers Congress of Teachers, supporting their organizational infrastructure through property management.
financials · form 990 · fy2024
revenue
Total revenue$55K
Contributions & grants$00%
Program service revenue$54K99%
Investment income$110%
Other revenue$790
expenses
Total expenses$46K
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$304K
Cash$23K
Investments$0
Liabilities$101K
Net assets$204K
Liquid reserves6.1 mo
5 years on record · 2019–2024 · YoY revenue -29.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
PHILLIP GERTLER PRESIDENT 2 $19K
KIMBERLEE MAHUSKY TREASURER 1 $10K
JAMES NURRE VICE PRESIDE 1 $8K
relationships · 1

Who they work with

  • Wappingers Congress of Teachers Partner — Nominee beneficiary for real estate investment activities.
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.

  • Nominee Real Estate Ownership for Financial Benefit
    methodology: real_estate_nominee_structure
    By holding real estate investments in nominee arrangements, the organization generates financial benefits for the Wappingers Congress of Teachers, leveraging infrastructure assets to support affiliated groups.