Firefighter Realty Corp FY2023 filing

Not tax-deductible

New York, NYMutual-benefit / member-servingEIN 13-3616308Revenue $1.6M in FY2023

On file with the IRSufalocal94.org204 East 23rd Street, 10010-4628 · New York, NYTax-exempt since Aug 1992

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Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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
59 mo
of spending, in cash
Looks good: 58.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$63K
0.6% 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
$1.6M
+7% vs prior year
Spent
$797K
Net assets
$10.8M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
Expenses
$797K
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$801K
FY2021$785K
FY2022$696K
FY2023$797K
FY2024$799K
Net assets
$10.8M
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.8M
FY2021$9.3M
FY2022$9.9M
FY2023$10.8M
FY2024$11.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

14 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

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Provided by the organization

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1 program · in their own filed words · FY2023
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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$127K
Money outPt IX
$797K
Ln 25
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$10.8M
LiabilitiesLn 26$63K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$127K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1−$161K
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$3.9M
InvestmentsLn 11–13$3.9M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$200
Total assetsLn 16$10.8M
LiabilitiesLn 26$63K
Net assetsLn 32$10.8M
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 FY23End FY23
Cash and savingsLn 1–2$3.4M$3.9M
InvestmentsLn 11–13$3.5M$3.9M
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$9.9M$10.8M
LiabilitiesLn 26$63K$63K
Net assetsLn 32$9.9M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$85K
Pension plan contributionsLn 8$12K
Other employee benefitsLn 9$32K
Payroll taxesLn 10$6K
Management feesLn 11a$25K
Accounting feesLn 11c$3K
Other fees for servicesLn 11g$16K
OccupancyLn 16$573K
Depreciation, depletion and amortizationLn 22$44K
Total functional expensesLn 25$797K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$799K$974K$11.9M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $1,599,976 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,447,284$1,472,845
I-10 Investment incomePrior year $54,848$127,131
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,502,132$1,599,976
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 $126,509$135,680
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $569,959$660,978
I-18 Total expensesPrior year $696,468$796,658
I-19 Revenue less expensesPrior year $805,664$803,318
Part VI · Governance 0 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
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 $1,599,976 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,472,845$1,472,845
VIII-3 Investment incomeExcluded from tax $127,131$127,131
VIII-12 Total revenueRelated to mission $1,472,845 · Unrelated business $0 · Excluded from tax $127,131$1,599,976
Part IX · Statement of functional expenses $796,658 across 9 lines filed
IX-7 Other salaries and wages$84,834
IX-8 Pension plan contributions$12,041
IX-9 Other employee benefits$32,315
IX-10 Payroll taxes$6,490
IX-11a Management fees$25,000
IX-11c Accounting fees$3,000
IX-11g Other fees for services$16,405
IX-16 Occupancy$572,644
IX-22 Depreciation, depletion and amortization$43,929
IX-25 Total functional expenses$796,658
Part X · Balance sheet $10,825,897 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year −$143,835−$161,270
X-2 Savings and temporary cash investmentsStart of year $3,520,713$4,067,501
X-4 Accounts receivableStart of year $962,556$964,610
X-9 Prepaid expenses and deferred chargesStart of year $205,935$210,358
X-10c Land, buildings and equipment, netStart of year $1,860,776$1,816,847
X-11 Publicly traded securitiesStart of year $3,519,744$3,927,651
X-15 Other assetsStart of year $200$200
X-16 Total assetsStart of year $9,926,089$10,825,897
X-17 Accounts payable and accrued expensesStart of year $10,000$10,101
X-25 Other liabilitiesStart of year $53,133$53,133
X-26 Total liabilitiesStart of year $63,133$63,234
X-27 Net assets without donor restrictionsStart of year $9,862,956$10,762,663
X-32 Total net assets or fund balancesStart of year $9,862,956$10,762,663
X-33 Total liabilities and net assetsStart of year $9,926,089$10,825,897
Part XI · Reconciliation of net assets $10,762,663 net assets at year end
XI-1 Total revenue$1,599,976
XI-2 Total expenses$796,658
XI-3 Revenue less expenses$803,318
XI-4 Net assets at start of year$9,862,956
XI-5 Net unrealized gains (losses) on investments$96,389
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,762,663

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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