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ROYAL CHARTER PROPERTIES-WESTCHESTER INC
NEW YORK, NY · EIN 133160354 · Form 990 · FY2024 · NTEE T70Z · Philanthropy & Grantmaking · Small ($100K-$1M)
revenue
$310K
expenses
$310K
net assets
$2.7M
employees
0
program ratio
95%
mission · from form 990

TO ACQUIRE AND HOLD DIRECT AND INDIRECT INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.

profile · synthesized from sources

Royal Charter Properties-Westchester Inc is a New York-based nonprofit real estate holding entity established to acquire and manage property interests. The income generated from these holdings is directed exclusively toward charitable, educational, and scientific purposes. The organization does not directly operate programs but functions as a grantmaking vehicle through real estate investment.

named programs · 1 · from sources

What they call their work

Real Estate Income Generation
Acquires and holds direct and indirect interests in real estate to generate income for distribution to charitable, educational, and scientific causes
activities · 1 group

What they do

  • Endowment and Gift Fund Management 1 activity
    • Acquiring and holding real estate to fund charitable purposes
      Acquires and holds real estate interests to generate income that supports charitable, educational, and scientific purposes. This activity serves as a funding mechanism for broader philanthropic goals.
financials · form 990 · fy2024
revenue
Total revenue$310K
Contributions & grants$84K27%
Program service revenue$226K73%
Investment income$00%
Other revenue$0
expenses
Total expenses$310K
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$2.73M
Cash$0
Investments$0
Liabilities$17K
Net assets$2.72M
Liquid reserves0.0 mo
3 years on record · 2020–2024 · YoY revenue +3.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 10
NameTitleHours/wkCompensation
STEVEN J CORWIN BOARD OF DIRECTORS 0 $26.27M
MICHAEL P BRESLIN GSVP, CFO & TREASURER 0 $3.27M
MARY BETH CLAUS GSVP, CLO & GENERAL COUNSEL 0 $2.53M
JOSEPH A IENUSO PRESIDENT 0 $1.95M
RICHARD EINWECHTER VP AND ASS'T TREASURER 0 $1.12M
HERBERT PARDES BOARD OF DIRECTORS (THRU 5/2024) 0 $725K
JOHN V CAMPANO ASS'T CORP SECRETARY 0 $685K
KENRICK T OU VP Real Estate 0 $544K
MELISSA E WELCH CORPORATE SECRETARY 0 $203K
MARY BRAUNSDORF ASS'T CORP SECRETARY 0 $20K
board members · 8
  • BRUCE A BEAL JR — BOARD OF DIRECTORS
  • HARRISON T LEFRAK — BOARD OF DIRECTORS
  • JEFFREY A HARRIS — VICE CHAIRMAN
  • LEONARD A WILF — BOARD OF DIRECTORS
  • PETER S KALIKOW — CHAIRMAN EMERITUS
  • PHILIP MILSTEIN — BOARD OF DIRECTORS
  • RAYMOND J MCGUIRE — BOARD OF DIRECTORS
  • ROB J SPEYER — CHAIRMAN
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.