Firefighter Realty Corp FY2020 filing

Not tax-deductible

New York, NYMutual-benefit / member-servingEIN 13-3616308

Hold title to real property.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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 $769K a year · 50% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
27 mo
of spending, in cash
Looks good: 26.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$59K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$801K
Net assets
$8.8M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
Expenses
$801K
FY2020
Expenses by fiscal year
FY2020$801K
FY2021$785K
FY2022$696K
FY2023$797K
FY2024$799K
Net assets
$8.8M
FY2020
Net assets by fiscal year
FY2020$8.8M
FY2021$9.3M
FY2022$9.9M
FY2023$10.8M
FY2024$11.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1992.

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Firefighter 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns and operates real estate for a firefighters' association.

Provided by the organization

This section is blank until Firefighter Realty Corp claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

The corporation owns and operates real property on behalf of its parent organization, the compensation accrual fund of the uniformed firefighters association.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$78K
Money outPt IX
$801K
Ln 25
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$8.9M
LiabilitiesLn 26$59K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$78K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1−$16K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$200
Total assetsLn 16$8.9M
LiabilitiesLn 26$59K
Net assetsLn 32$8.8M
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.8M
InvestmentsLn 11–13$3.8M$4.0M
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$8.2M$8.9M
LiabilitiesLn 26$59K$59K
Net assetsLn 32$8.1M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$80K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$32K
Payroll taxesLn 10$6K
Management feesLn 11a$25K
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$22K
OccupancyLn 16$481K
Depreciation, depletion and amortizationLn 22$143K
Total functional expensesLn 25$801K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$799K$974K$11.9M 990 PDF
FY2023 $1.6M$797K$803K$10.8M 990 PDF
FY2022 $1.5M$696K$806K$9.9M 990 PDF
FY2021 $1.4M$785K$630K$9.3M 990 PDF
FY2020 Viewing $1.4M$801K$633K$8.8M 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 (4 parts)
Part VIII · Statement of revenue $1,434,175 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,356,523$1,356,523
VIII-3 Investment incomeExcluded from tax $77,652$77,652
VIII-12 Total revenueRelated to mission $1,356,523 · Unrelated business $0 · Excluded from tax $77,652$1,434,175
Part IX · Statement of functional expenses $801,034 across 9 lines filed
IX-7 Other salaries and wages$79,650
IX-8 Pension plan contributions$10,072
IX-9 Other employee benefits$31,639
IX-10 Payroll taxes$6,094
IX-11a Management fees$25,000
IX-11c Accounting fees$3,000
IX-11g Other fees for services$21,905
IX-16 Occupancy$481,044
IX-22 Depreciation, depletion and amortization$142,630
IX-25 Total functional expenses$801,034
Part X · Balance sheet $8,894,276 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year −$5,528−$16,199
X-2 Savings and temporary cash investmentsStart of year $1,102,386$1,790,592
X-4 Accounts receivableStart of year $886,871$934,083
X-9 Prepaid expenses and deferred chargesStart of year $229,345$219,444
X-10c Land, buildings and equipment, netStart of year $2,123,805$2,002,708
X-11 Publicly traded securitiesStart of year $3,835,541$3,963,448
X-15 Other assetsStart of year $200$200
X-16 Total assetsStart of year $8,172,620$8,894,276
X-17 Accounts payable and accrued expensesStart of year $8,185$8,000
X-25 Other liabilitiesStart of year $50,633$50,633
X-26 Total liabilitiesStart of year $58,818$58,633
X-27 Net assets without donor restrictionsStart of year $8,113,802$8,835,643
X-32 Total net assets or fund balancesStart of year $8,113,802$8,835,643
X-33 Total liabilities and net assetsStart of year $8,172,620$8,894,276
Part XI · Reconciliation of net assets $8,835,643 net assets at year end
XI-1 Total revenue$1,434,175
XI-2 Total expenses$801,034
XI-3 Revenue less expenses$633,141
XI-4 Net assets at start of year$8,113,802
XI-5 Net unrealized gains (losses) on investments$67,168
XI-9 Other changes in net assets$21,532
XI-10 Net assets at end of year$8,835,643

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

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