activities · 1 group
What they do
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Nonprofit Real Estate Holding 1 activity
- Acquires and holds real estate for charitable income generationAcquires and holds real estate interests to generate income that supports charitable, educational, and scientific purposes.
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financials · form 990 · fy2024
revenue
Total revenue$83.10M
Contributions & grants$00%
Program service revenue$79.93M96%
Investment income$2.69M3%
Other revenue$485K
expenses
Total expenses$82.07M
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$1.56M
Grants paid out$35.75M
Largest expense lineFacilities
balance sheet
Total assets$200.24M
Cash$58.89M
Investments$20.91M
Liabilities$205.57M
Net assets$-5.33M
Liquid reserves11.7 mo
3 years on record · 2020–2024 · YoY revenue +3.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 11
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| STEVEN J CORWIN | BOARD OF DIRECTORS | 1 | $26.27M |
| MICHAEL P BRESLIN | GSVP, CFO & TREASURER | 3 | $3.27M |
| MARY BETH CLAUS | GSVP, CLO & GENERAL COUNSEL | 1 | $2.53M |
| JOSEPH A IENUSO | PRESIDENT | 9 | $1.95M |
| RICHARD EINWECHTER | VP AND ASS'T TREASURER | 1 | $1.12M |
| HERBERT PARDES | BOARD OF DIRECTORS (THRU 5/2024) | 0 | $725K |
| JOHN V CAMPANO | ASS'T CORP SECRETARY | 1 | $685K |
| KENRICK T OU | VP Real Estate | 30 | $544K |
| MARIE KUPFER | GUEST FACILITIES MANAGER | 35 | $218K |
| MELISSA E WELCH | CORPORATE SECRETARY | 1 | $203K |
| MARY BRAUNSDORF | ASS'T CORP SECRETARY | 1 | $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.