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Architectural Iron Realty Corp

Not tax-deductible

New York, NYMutual-benefit / member-servingCommunity DevelopmentEIN 13-4192352Revenue $290K in FY2024

On file with the IRS501 W 42nd St, 10036-6205 · New York, NYTax-exempt since Mar 2002

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Hold title to real estate

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
0 of 5
filings with a surplus
Average deficit $275K a year · 99% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$12.5M
183% of total assets
Concern: liabilities are 183% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$290K
-6% vs prior year
Spent
$677K
Net assets
−$5.7M
By yearFY2020–FY2024
Revenue
$290K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$272K
FY2022$260K
FY2023$309K
FY2024$290K
Expenses
$677K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$450K
FY2021$486K
FY2022$555K
FY2023$603K
FY2024$677K
Net assets
−$5.7M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4.5M
FY2021−$4.7M
FY2022−$5.0M
FY2023−$5.3M
FY2024−$5.7M

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 2002.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Joseph Nolan
President
$0Pt VII · Sec A
Randall Ment
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Architectural Iron 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

Architectural Iron Realty Corp is a member-serving organization based in New York, NY.

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1 program · in their own filed words · FY2024
01

Architectural iron realty corp was formed in 2002 to hold title to real estate for local 580 educational fund.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$290K
Ln 12
Fees for servicesLn 2g$290K
Money outPt IX
$677K
Ln 25
Owns and owesPt X
−$5.7M
net assets · Ln 32
Total assetsLn 16$6.8M
LiabilitiesLn 26$12.5M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$290K
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$0
Land, buildings, equipmentLn 10c$6.8M
Total assetsLn 16$6.8M
LiabilitiesLn 26$12.5M
Net assetsLn 32−$5.7M
OperationsPt I, VI
EmployeesI 51
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
LineStart FY24End FY24
Cash and savingsLn 1–2$82K$0
Land, buildings, equipmentLn 10c$6.6M$6.8M
Total assetsLn 16$6.7M$6.8M
LiabilitiesLn 26$12.0M$12.5M
Net assetsLn 32−$5.3M−$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$66K
Pension plan contributionsLn 8$44K
Other employee benefitsLn 9$7K
Payroll taxesLn 10$6K
Legal feesLn 11b$24K
Other fees for servicesLn 11g$16K
Office expensesLn 13$120
OccupancyLn 16$200K
Depreciation, depletion and amortizationLn 22$313K
InsuranceLn 23$547
Total functional expensesLn 25$677K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $290K$677K−$386K−$5.7M 990 PDF
FY2023 $309K$603K−$294K−$5.3M 990 PDF
FY2022 $260K$555K−$296K−$5.0M 990 PDF
FY2021 $272K$486K−$215K−$4.7M 990 PDF
FY2020 $265K$450K−$185K−$4.5M 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 $290,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $309,047$290,184
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $309,047$290,184
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 $124,240$122,426
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $478,974$554,258
I-18 Total expensesPrior year $603,214$676,684
I-19 Revenue less expensesPrior year −$294,167−$386,500
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $290,184 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,184$290,184
VIII-12 Total revenueRelated to mission $290,184 · Unrelated business $0 · Excluded from tax $0$290,184
Part IX · Statement of functional expenses $676,684 across 10 lines filed
IX-7 Other salaries and wages$65,953
IX-8 Pension plan contributions$43,891
IX-9 Other employee benefits$6,671
IX-10 Payroll taxes$5,911
IX-11b Legal fees$24,000
IX-11g Other fees for services$15,693
IX-13 Office expenses$120
IX-16 Occupancy$200,479
IX-22 Depreciation, depletion and amortization$313,419
IX-23 Insurance$547
IX-25 Total functional expenses$676,684
Part X · Balance sheet $6,831,078 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $81,696$0
X-9 Prepaid expenses and deferred chargesStart of year $2,388$1,753
X-10c Land, buildings and equipment, netStart of year $6,566,820$6,829,325
X-16 Total assetsStart of year $6,650,904$6,831,078
X-17 Accounts payable and accrued expensesStart of year $32,293$16,916
X-25 Other liabilitiesStart of year $11,923,988$12,506,039
X-26 Total liabilitiesStart of year $11,956,281$12,522,955
X-27 Net assets without donor restrictionsStart of year −$5,305,377−$5,691,877
X-32 Total net assets or fund balancesStart of year −$5,305,377−$5,691,877
X-33 Total liabilities and net assetsStart of year $6,650,904$6,831,078
Part XI · Reconciliation of net assets −$5,691,877 net assets at year end
XI-1 Total revenue$290,184
XI-2 Total expenses$676,684
XI-3 Revenue less expenses−$386,500
XI-4 Net assets at start of year−$5,305,377
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,691,877

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

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