28 Realty INC: FY2020 Nonprofit Profile & Form 990 (EIN 13-3477290)

Revenue by fiscal year
FY2020	$85K
FY2021	$87K
FY2022	$82K
FY2023	$77K
FY2024	$78K
FY2025	$71K

Expenses by fiscal year
FY2020	$183K
FY2021	$225K
FY2022	$220K
FY2023	$258K
FY2024	$283K
FY2025	$301K

Net assets by fiscal year
FY2020	−$1.6M
FY2021	−$1.7M
FY2022	−$1.8M
FY2023	−$2.0M
FY2024	−$2.2M
FY2025	−$2.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Eric Meslin

President

$0Pt VII · Sec A

Salvatore Starace

Secretary/Treasurer

$0Pt VII · Sec A

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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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires and holds title to real estate for the Union.

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1 program · in their own filed words · FY2020

01

Established as a nominee of the union to hold title to real estate.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$85K

Ln 12

Fees for servicesLn 2g$84K

Investment incomeLn 3$818

Money outPt IX

$183K

Ln 25

Owns and owesPt X

−$1.6M

net assets · Ln 32

Cash and savingsLn 1–2$1.1M

Total assetsLn 16$1.1M

LiabilitiesLn 26$2.7M

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$84K

Investment incomeLn 3$818

Total revenueLn 12$85K

Assets in detailPt X, end of year

CashLn 1$480K

SavingsLn 2$588K

Cash and savings togetherLn 1–2$1.1M

Land, buildings, equipmentLn 10c$48K

Total assetsLn 16$1.1M

LiabilitiesLn 26$2.7M

Net assetsLn 32−$1.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$1.1M	$1.1M
Land, buildings, equipmentLn 10c	$77K	$48K
Total assetsLn 16	$1.2M	$1.1M
LiabilitiesLn 26	$1K	$2.7M
Net assetsLn 32	$1.2M	−$1.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
OccupancyLn 16	$155K
Depreciation, depletion and amortizationLn 22	$28K
Total functional expensesLn 25	$183K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$71K	$301K	−$231K	−$2.5M	990 PDF
FY2024	$78K	$283K	−$205K	−$2.2M	990 PDF
FY2023	$77K	$258K	−$181K	−$2.0M	990 PDF
FY2022	$82K	$220K	−$138K	−$1.8M	990 PDF
FY2021	$87K	$225K	−$139K	−$1.7M	990 PDF
FY2020 Viewing	$85K	$183K	−$98K	−$1.6M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $84,885 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $12,600$84,067

I-10 Investment incomePrior year $2,096$818

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $14,696$84,885

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 $178,107$183,335

I-18 Total expensesPrior year $178,107$183,335

I-19 Revenue less expensesPrior year −$163,411−$98,450

Part VI · Governance 0 of 2 board members independent, 1 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members0

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $84,885 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,067$84,067

VIII-3 Investment incomeExcluded from tax $818$818

VIII-12 Total revenueRelated to mission $84,067 · Unrelated business $0 · Excluded from tax $818$84,885

Part IX · Statement of functional expenses $183,335 across 2 lines filed

IX-16 Occupancy$154,911

IX-22 Depreciation, depletion and amortization$28,424

IX-25 Total functional expenses$183,335

Part X · Balance sheet $1,116,899 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $588,607$480,254

X-2 Savings and temporary cash investmentsStart of year $512,096$588,375

X-10c Land, buildings and equipment, netStart of year $76,693$48,270

X-16 Total assetsStart of year $1,244,207$1,116,899

X-25 Other liabilitiesStart of year $1,050$2,686,704

X-26 Total liabilitiesStart of year $1,050$2,686,704

X-32 Total net assets or fund balancesStart of year $1,243,157−$1,569,805

X-33 Total liabilities and net assetsStart of year $1,244,207$1,116,899

Part XI · Reconciliation of net assets −$1,569,805 net assets at year end

XI-1 Total revenue$84,885

XI-2 Total expenses$183,335

XI-3 Revenue less expenses−$98,450

XI-4 Net assets at start of year$1,243,157

XI-9 Other changes in net assets−$2,714,512

XI-10 Net assets at end of year−$1,569,805

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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28 Realty INC FY2020 filing

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