Local 78 Realty Corp FY2020 filing

Not tax-deductible

Woodside, NYMutual-benefit / member-servingCommunity DevelopmentEIN 30-0055324Revenue $273K in FY2020

On file with the IRS5818 37th Ave, 11377-2405 · Woodside, NYTax-exempt since Jul 2003

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The purpose of the building Corp is to act as nominee for the union by holding the title to the real estate.

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$273K
Spent
$273K
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$273K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$273K
FY2021$279K
FY2022$268K
FY2023$353K
FY2024$295K
FY2025$223K
Expenses
$273K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$273K
FY2021$279K
FY2022$268K
FY2023$353K
FY2024$295K
FY2025$223K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$1.0M
FY2023$1.0M
FY2024$1.0M
FY2025$1.0M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2003.

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

Who runs it and what they're paid

27 people listed on the 990.

Part VII, Section A · reportable compensation
Supervisor
$0Pt VII · Sec A
Deputy Supervisor
$0Pt VII · Sec A
Deputy Supervisor
$0Pt VII · Sec A
Deputy Supervisor
$0Pt VII · Sec A
President/Bus Agent
$0Pt VII · Sec A
Vice President/Bus Agent
$0Pt VII · Sec A
Sec Treasurer
$0Pt VII · Sec A
Rec Secretary/Bus Agent
$0Pt VII · Sec A

Pawel Gruchacz’s $218K as Business Manager is at the 98th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Local 78 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

Holds title to real estate as nominee for the union.

Questions for Local 78 Realty Corp

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The purpose of the building corp is to act as nominee for the union by holding the title to the real estate.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$273K
Ln 12
Fees for servicesLn 2g$273K
Money outPt IX
$273K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$273K
Total revenueLn 12$273K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
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
LineStart FY20End FY20
Cash and savingsLn 1–2$10K$2K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$125
OccupancyLn 16$273K
Total functional expensesLn 25$273K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $223K$223K$0$1.0M 990 PDF
FY2024 $295K$295K$0$1.0M 990 PDF
FY2023 $353K$353K$0$1.0M 990 PDF
FY2022 $268K$268K$0$1.0M 990 PDF
FY2021 $279K$279K$0$1.0M 990 PDF
FY2020 Viewing $273K$273K$0$1.0M 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 $273,172 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $252,147$273,172
I-10 Investment incomePrior year $7,980$0
I-11 Other revenuePrior year $4,973$0
I-12 Total revenuePrior year $265,100$273,172
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 $265,100$273,172
I-18 Total expensesPrior year $265,100$273,172
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 0 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
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 $273,172 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $273,172$273,172
VIII-12 Total revenueRelated to mission $273,172 · Unrelated business $0 · Excluded from tax $0$273,172
Part IX · Statement of functional expenses $273,172 across 2 lines filed
IX-13 Office expenses$125
IX-16 Occupancy$273,047
IX-25 Total functional expenses$273,172
Part X · Balance sheet $1,030,138 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,336$2,165
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $1,019,802$1,027,973
X-16 Total assetsStart of year $1,030,138$1,030,138
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,030,138$1,030,138
X-32 Total net assets or fund balancesStart of year $1,030,138$1,030,138
X-33 Total liabilities and net assetsStart of year $1,030,138$1,030,138
Part XI · Reconciliation of net assets $1,030,138 net assets at year end
XI-1 Total revenue$273,172
XI-2 Total expenses$273,172
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$1,030,138
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,030,138

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

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