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260 PARK AVENUE REALTY CORP
NEW YORK, NY · EIN 132573734 · Form 990 · FY2022 · Micro (<$100K)
revenue
$11
expenses
$32K
net assets
$41.2M
employees
0
mission · from form 990

TO ACQUIRE AND OPERATE REAL PROPERTY LOCATED AT 260 PARK AVENUE, NEW YORK, NY, ON BEHALF OF THE UNITED FEDERATION OF TEACHERS.

profile · synthesized from sources

260 Park Avenue Realty Corp is a New York-based real estate entity established to acquire and operate property at 260 Park Avenue, New York, NY, on behalf of the United Federation of Teachers. The organization's primary function is property management and ownership in support of its affiliated union. No additional programs or services beyond real property operations are indicated.

named programs · 1 · from sources

What they call their work

Real Property Management
Acquisition, ownership, and operation of real property located at 260 Park Avenue, New York, NY, on behalf of the United Federation of Teachers
activities · 1 group

What they do

  • Nonprofit Real Estate Holding 1 activity
    • Acquires and operates real property at 260 Park Avenue, New York, NY
      Manages and maintains real estate located at 260 Park Avenue, New York, NY, on behalf of the United Federation of Teachers. This includes ownership and operational oversight of the property.
financials · form 990 · fy2022
revenue
Total revenue$11
Contributions & grants$00%
Program service revenue$00%
Investment income$11100%
Other revenue$0
expenses
Total expenses$32K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$41.24M
Cash$4K
Investments$0
Liabilities$8K
Net assets$41.23M
Liquid reserves1.4 mo
4 years on record · 2019–2022 · YoY revenue +1000.0%
leadership · form 990 part vii · fy2022

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
MICHAEL MULGREW PRESIDENT 1 $388K
LEROY BARR SECRETARY 1 $281K
DEBRA PENNY TREASURER 1 $143K
relationships · 1

Who they work with

  • United Federation of Teachers Partner — Manages real property on behalf of the United Federation of Teachers.
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.

  • Property Management for Affiliate Organization
    methodology: property_management_for_affiliate_organization
    By managing real property on behalf of the United Federation of Teachers, 260 Park Avenue Realty Corp supports the operational stability and institutional capacity of the affiliate, enabling it to focus on its core mission.