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3948 AMBOY ROAD REALTY CORP
STATEN ISLAND, NY · EIN 461085989 · Form 990 · FY2024 · NTEE L02 · Housing & Shelter · Micro (<$100K)
revenue
$-89K
expenses
$168K
net assets
$1.1M
employees
0
program ratio
100%
mission · from form 990

THE SOLE PURPOSE OF THE ORGANIZATION IS TO HOLD TITLE TO PROPERTY, TO COLLECT RENT THEREFROM, AND TO TURN OVER THE ENTIRE AMOUNT LESS EXPENSES TO THE AMALGAMATED TRANSIT UNION

profile · synthesized from sources

3948 Amboy Road Realty Corp is a New York-based nonprofit entity established to hold title to real property and collect rental income. The organization's sole purpose is to manage this property and remit collected rent, minus expenses, to the Amalgamated Transit Union. It operates exclusively as a real estate holding corporation for the union.

named programs · 1 · from sources

What they call their work

Real Estate Holding and Rent Collection
Holds title to property at 3948 Amboy Road, collects rent, and transfers net income to the Amalgamated Transit Union
activities · 1 group

What they do

  • Nonprofit Real Estate Holding 1 activity
    • Manages rental property and transfers net income to Amalgamated Transit Union
      Holds title to property, collects rent, and transfers net rental income to the Amalgamated Transit Union.
financials · form 990 · fy2024
revenue
Total revenue$-89K
Contributions & grants$0—
Program service revenue$75K—
Investment income$156—
Other revenue$-165K
expenses
Total expenses$168K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.93M
Cash$16K
Investments$0
Liabilities$789K
Net assets$1.14M
Liquid reserves1.1 mo
4 years on record · 2020–2024
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
DANIEL CASSELLA PRESIDENT 10 $184K
THOMAS MASON FINANCIAL SECRETARY 10 $59K
board members · 1
  • THOMAS CARNEY — RECORDING SECRETARY
relationships · 1

Who they work with

  • Amalgamated Transit Union Partner — Receives net rental income from 3948 Amboy Road Realty Corp for its operations.
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.

  • Real Estate Income Transfer for Organizational Support
    methodology: real-estate-income-transfer
    By holding and managing real estate properties, the organization generates rental income which is transferred to support the operations of the Amalgamated Transit Union, because stable real estate revenue provides a sustainable financial foundation for union activities.