50 Broadway Realty Corp

Not tax-deductible

New York, NYMutual-benefit / member-servingSince 2002Unclassified EIN 02-0555262Revenue $13.4M in FY2025

On file with the IRS1290 Avenue of the Ameri, 10104-0000 · New York, NYTax-exempt since Aug 2003

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Was organized for the purpose of acquiring and operating real property located at 50 Broadway, new york, new york on behalf of the united federation of teachers, local 2.

$877K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $123K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$877K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78.2M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.4M
-18% vs prior year
Spent
$16.8M
Net assets
$15.9M
By yearFY2020–FY2025
Revenue
$13.4M
FY2025▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.5M
FY2021$16.5M
FY2022$16.2M
FY2023$16.3M
FY2024$16.3M
FY2025$13.4M
Expenses
$16.8M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.3M
FY2021$16.7M
FY2022$15.3M
FY2023$15.6M
FY2024$16.2M
FY2025$16.8M
Net assets
$15.9M
FY2025▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.6M
FY2021$17.3M
FY2022$18.1M
FY2023$18.8M
FY2024$19.0M
FY2025$15.9M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $877K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Bldg Maintenance
$226,256Pt VII · Sec A
Bldg Maintenance
$216,897Pt VII · Sec A
Bldg Maintenance
$152,165Pt VII · Sec A
Bldg Maintenance
$152,158Pt VII · Sec A
Bldg Maintenence
$129,512Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Ridder$226,256$226,275$219,923$235,866$229,524$213,308
Charles Hohmann$216,897$203,621$202,343$202,289$221,724$212,991
David Hickey——$193,085$167,228$169,157—
Frank Finamore$152,165$148,043$140,435$121,264$142,271$140,888
Maurice O'Leary$152,158$151,345$140,222$134,956$146,605$139,634
Joseph Bosco$129,512$127,232———$128,899

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See 50 Broadway Realty Corp executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires and operates real property for the United Federation of Teachers.

Questions for 50 Broadway Realty Corp

Tap to ask. 50 Broadway Realty Corp sees how many people are interested.

Your first name shows with your question. 50 Broadway Realty Corp answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2024
01

Gross expenses incurred by corporatin holding title to property for an exempt organization.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$13.4M
Ln 12
Fees for servicesLn 2g$12.7M
Investment incomeLn 3$655K
Money outPt IX
$16.8M
Ln 25
Owns and owesPt X
$15.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.3M
Total assetsLn 16$94.0M
LiabilitiesLn 26$78.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A5
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$12.7M
Investment incomeLn 3$655K
Gains on assetsLn 7$10K
Total revenueLn 12$13.4M
Assets in detailPt X, end of year
CashLn 1$463K
SavingsLn 2$6.8M
Cash and savings togetherLn 1–2$7.3M
InvestmentsLn 11–13$7.1M
Land, buildings, equipmentLn 10c$54.0M
Other assetsLn 15$23.6M
Total assetsLn 16$94.0M
LiabilitiesLn 26$78.2M
Net assetsLn 32$15.9M
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$6.4M$7.3M
InvestmentsLn 11–13$7.3M$7.1M
Land, buildings, equipmentLn 10c$56.7M$54.0M
Total assetsLn 16$97.5M$94.0M
LiabilitiesLn 26$78.5M$78.2M
Net assetsLn 32$19.0M$15.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$660K
Other employee benefitsLn 9$133K
Management feesLn 11a$248K
Legal feesLn 11b$47K
Accounting feesLn 11c$34K
Investment management feesLn 11f$27K
Other fees for servicesLn 11g$181K
OccupancyLn 16$4.1M
InterestLn 20$2.8M
Depreciation, depletion and amortizationLn 22$3.1M
InsuranceLn 23$288K
Other expenses (24a–d)Ln 24$4.7M
All other expensesLn 24e$520K
Total functional expensesLn 25$16.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $13.4M$16.8M−$3.4M$15.9M 990 PDF
FY2024 $16.3M$16.2M$134K$19.0M 990 PDF
FY2023 $16.3M$15.6M$679K$18.8M 990 PDF
FY2022 $16.2M$15.3M$861K$18.1M 990 PDF
FY2021 $16.5M$16.7M−$240K$17.3M 990 PDF
FY2020 $16.5M$15.3M$1.3M$17.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $13,364,093 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $15,635,189$12,709,347
I-10 Investment incomePrior year $684,701$654,746
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $16,319,890$13,364,093
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $776,473$793,184
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,409,161$16,007,945
I-18 Total expensesPrior year $16,185,634$16,801,129
I-19 Revenue less expensesPrior year $134,256−$3,437,036
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $13,364,093 across 4 lines filed
Lines not itemized here account for $284,706 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,424,641$12,424,641
VIII-3 Investment incomeExcluded from tax $644,871$644,871
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,875$9,875
VIII-12 Total revenueRelated to mission $12,709,347 · Unrelated business $0 · Excluded from tax $654,746$13,364,093
Part IX · Statement of functional expenses $16,801,129 across 13 lines filed
IX-7 Other salaries and wages$660,011
IX-9 Other employee benefits$133,173
IX-11a Management fees$248,139
IX-11b Legal fees$47,399
IX-11c Accounting fees$33,501
IX-11f Investment management fees$26,734
IX-11g Other fees for services$181,062
IX-16 Occupancy$4,055,510
IX-20 Interest$2,805,925
IX-22 Depreciation, depletion and amortization$3,120,591
IX-23 Insurance$287,726
IX-24 Other expenses (24a–d)$4,681,057
IX-24e All other expenses$520,301
IX-25 Total functional expenses$16,801,129
Part X · Balance sheet $94,044,886 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $616,692$462,645
X-2 Savings and temporary cash investmentsStart of year $5,808,143$6,810,134
X-4 Accounts receivableStart of year $380,598$874,190
X-9 Prepaid expenses and deferred chargesStart of year $1,185,107$1,190,347
X-10c Land, buildings and equipment, netStart of year $56,697,119$54,024,679
X-11 Publicly traded securitiesStart of year $7,348,180$7,089,291
X-15 Other assetsStart of year $25,431,957$23,593,600
X-16 Total assetsStart of year $97,467,796$94,044,886
X-17 Accounts payable and accrued expensesStart of year $878,620$1,934,726
X-19 Deferred revenueStart of year $192,891$338,635
X-25 Other liabilitiesStart of year $15,960,919$14,254,102
X-26 Total liabilitiesStart of year $78,492,036$78,189,717
X-32 Total net assets or fund balancesStart of year $18,975,760$15,855,169
X-33 Total liabilities and net assetsStart of year $97,467,796$94,044,886
Part XI · Reconciliation of net assets $15,855,169 net assets at year end
XI-1 Total revenue$13,364,093
XI-2 Total expenses$16,801,129
XI-3 Revenue less expenses−$3,437,036
XI-4 Net assets at start of year$18,975,760
XI-5 Net unrealized gains (losses) on investments$14,230
XI-9 Other changes in net assets$302,215
XI-10 Net assets at end of year$15,855,169

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.