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Electrical Workers Local 501 Realty Corp

Not tax-deductible

White Plains, NYMutual-benefit / member-serving EIN 13-2518753Revenue $326K in FY2024

On file with the IRS200 Bloomingdale Road, 10605-1514 · White Plains, NYTax-exempt since Mar 1976

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To hold title to real property.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $47K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
-4% vs prior year
Spent
$297K
Net assets
$970K
By yearFY2020–FY2024
Revenue
$326K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$332K
FY2021$297K
FY2022$323K
FY2023$340K
FY2024$326K
Expenses
$297K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$254K
FY2021$270K
FY2022$283K
FY2023$278K
FY2024$297K
Net assets
$970K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$933K
FY2021$840K
FY2022$879K
FY2023$941K
FY2024$970K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1976.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Christopher Erikson
Business Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
Joseph Proscia JR
Financial Secretary
$0Pt VII · Sec A
Louis Alvarez
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Loreto
Recording Secretary
$0Pt VII · Sec A
Tanya Ferguson
Executive Board
$0Pt VII · Sec A
Robert Foxx
Executive Board
$0Pt VII · Sec A
See Electrical Workers Local 501 Realty Corp executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns and manages real estate properties.

Questions for Electrical Workers Local 501 Realty Corp

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The corporation owns and operates real property on behalf of its parent organization, local union no. 3, ibew.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$326K
Ln 12
Fees for servicesLn 2g$326K
Money outPt IX
$297K
Ln 25
Owns and owesPt X
$970K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$979K
LiabilitiesLn 26$9K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$326K
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$305K
Cash and savings togetherLn 1–2$305K
Land, buildings, equipmentLn 10c$662K
Total assetsLn 16$979K
LiabilitiesLn 26$9K
Net assetsLn 32$970K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$260K$305K
Land, buildings, equipmentLn 10c$675K$662K
Total assetsLn 16$949K$979K
LiabilitiesLn 26$7K$9K
Net assetsLn 32$941K$970K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$735
OccupancyLn 16$284K
Depreciation, depletion and amortizationLn 22$12K
Total functional expensesLn 25$297K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $326K$297K$28K$970K 990 PDF
FY2023 $340K$278K$62K$941K 990 PDF
FY2022 $323K$283K$40K$879K 990 PDF
FY2021 $297K$270K$27K$840K 990 PDF
FY2020 $332K$254K$78K$933K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $325,711 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $338,877$325,711
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $676$0
I-12 Total revenuePrior year $339,553$325,711
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $277,689$297,330
I-18 Total expensesPrior year $277,689$297,330
I-19 Revenue less expensesPrior year $61,864$28,381
Part VI · Governance 0 of 11 board members independent, 5 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $325,711 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $325,711$325,711
VIII-12 Total revenueRelated to mission $325,711 · Unrelated business $0 · Excluded from tax $0$325,711
Part IX · Statement of functional expenses $297,330 across 3 lines filed
IX-13 Office expenses$735
IX-16 Occupancy$284,158
IX-22 Depreciation, depletion and amortization$12,437
IX-25 Total functional expenses$297,330
Part X · Balance sheet $979,021 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $259,889$304,513
X-4 Accounts receivableStart of year $8,863$6,375
X-9 Prepaid expenses and deferred chargesStart of year $5,240$5,866
X-10c Land, buildings and equipment, netStart of year $674,704$662,267
X-16 Total assetsStart of year $948,696$979,021
X-17 Accounts payable and accrued expensesStart of year $531$893
X-25 Other liabilitiesStart of year $6,812$8,394
X-26 Total liabilitiesStart of year $7,343$9,287
X-27 Net assets without donor restrictionsStart of year $941,353$969,734
X-32 Total net assets or fund balancesStart of year $941,353$969,734
X-33 Total liabilities and net assetsStart of year $948,696$979,021
Part XI · Reconciliation of net assets $969,734 net assets at year end
XI-1 Total revenue$325,711
XI-2 Total expenses$297,330
XI-3 Revenue less expenses$28,381
XI-4 Net assets at start of year$941,353
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$969,734

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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