Excavators 731 Property Corp

Not tax-deductible

Astoria, NYMutual-benefit / member-servingEIN 13-6082313

Real estate holding corp for parent - 501(c)(5)

$139K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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 $778K a year · 33% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$139K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$130K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+3% vs prior year
Spent
$3.5M
To programs
0%
Net assets
$21.4M
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▲ +3%
Revenue by fiscal year
FY2020$2.0M
FY2021$2.1M
FY2022$2.6M
FY2023$2.5M
FY2024$2.6M
Expenses
$3.5M
FY2024▲ +12%
Expenses by fiscal year
FY2020$2.7M
FY2021$3.0M
FY2022$3.4M
FY2023$3.1M
FY2024$3.5M
Net assets
$21.4M
FY2024▼ -4%
Net assets by fiscal year
FY2020$24.3M
FY2021$23.8M
FY2022$22.9M
FY2023$22.4M
FY2024$21.4M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1982.

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

Who runs it and what they're paid

6 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation
Maintanence
$139,036Pt VII · Sec A
Former Presi
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec./Treas.
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lamine Dia$139,036$131,020$133,764$147,441$142,314
Joseph Novellina————$116,644
Aliou Diaw Niang——$113,403——
Giovanni Paliotta———$103,385$102,691

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Excavators 731 Property Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

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 property for parents to support their children's needs.

Provided by the organization

This section is blank until Excavators 731 Property Corp claims this page.

Know this organization? Claim it to add your story

2 program services, described in the organization's own filed words · FY2024.
01

Real estate holding corp.

Pt IX · col B
02

Real estate holding corp.

Pt IX · col B

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$58K
Money outPt IX
$3.5M
Ln 25
Owns and owesPt X
$21.4M
net assets · Ln 32
Total assetsLn 16$21.6M
LiabilitiesLn 26$130K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$58K
Gains on assetsLn 7$26K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
InvestmentsLn 11–13$922K
Land, buildings, equipmentLn 10c$20.4M
Other assetsLn 15$660
Total assetsLn 16$21.6M
LiabilitiesLn 26$130K
Net assetsLn 32$21.4M
OperationsPt I, VI
EmployeesI 56
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
InvestmentsLn 11–13$854K$922K
Land, buildings, equipmentLn 10c$21.1M$20.4M
Total assetsLn 16$22.5M$21.6M
LiabilitiesLn 26$121K$130K
Net assetsLn 32$22.4M$21.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$428K
Pension plan contributionsLn 8$190K
Other employee benefitsLn 9$505K
Payroll taxesLn 10$35K
Legal feesLn 11b$62K
Accounting feesLn 11c$47K
Other fees for servicesLn 11g$22K
Office expensesLn 13$17K
OccupancyLn 16$1.2M
Depreciation, depletion and amortizationLn 22$926K
Other expenses (24a–d)Ln 24$100K
All other expensesLn 24e$4K
Total functional expensesLn 25$3.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.6M$3.5M−$916K$21.4M 990 PDF
FY2023 $2.5M$3.1M−$602K$22.4M 990 PDF
FY2022 $2.6M$3.4M−$794K$22.9M 990 PDF
FY2021 $2.1M$3.0M−$863K$23.8M 990 PDF
FY2020 $2.0M$2.7M−$717K$24.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,573,001 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,514,660$2,514,660
VIII-3 Investment incomeExcluded from tax $31,959$31,959
VIII-7 Net gain or loss on sales of assetsRelated to mission $26,382$26,382
VIII-12 Total revenueRelated to mission $2,541,042 · Excluded from tax $31,959$2,573,001
Part IX · Statement of functional expenses $3,489,021 across 12 lines filed
IX-7 Other salaries and wages$428,401
IX-8 Pension plan contributions$189,634
IX-9 Other employee benefits$504,641
IX-10 Payroll taxes$35,242
IX-11b Legal fees$62,100
IX-11c Accounting fees$46,775
IX-11g Other fees for services$21,900
IX-13 Office expenses$17,236
IX-16 Occupancy$1,153,452
IX-22 Depreciation, depletion and amortization$926,061
IX-24 Other expenses (24a–d)$99,564
IX-24e All other expenses$4,015
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$3,489,021
Part X · Balance sheet $21,570,263 assets, 10 lines filed
X-9 Prepaid expenses and deferred chargesStart of year $297,015$265,312
X-10c Land, buildings and equipment, netStart of year $21,066,514$20,382,197
X-11 Publicly traded securitiesStart of year $854,271$922,094
X-15 Other assetsStart of year $559$660
X-16 Total assetsStart of year $22,475,708$21,570,263
X-25 Other liabilitiesStart of year $121,410$129,849
X-26 Total liabilitiesStart of year $121,410$129,849
X-27 Net assets without donor restrictionsStart of year $22,354,298$21,440,414
X-32 Total net assets or fund balancesStart of year $22,354,298$21,440,414
X-33 Total liabilities and net assetsStart of year $22,475,708$21,570,263
Part XI · Reconciliation of net assets $21,440,414 net assets at year end
XI-1 Total revenue$2,573,001
XI-2 Total expenses$3,489,021
XI-3 Revenue less expenses−$916,020
XI-4 Net assets at start of year$22,354,298
XI-5 Net unrealized gains (losses) on investments$2,136
XI-10 Net assets at end of year$21,440,414

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.