Local 78 Realty Corp FY2022 filing

Not tax-deductible

Woodside, NYMutual-benefit / member-servingCommunity Development EIN 30-0055324Revenue $268K in FY2022

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

FY2022 · 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
147 mo
of spending, in cash
Looks good: 147.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$268K
-4% vs prior year
Spent
$268K
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$268K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$273K
FY2021$279K
FY2022$268K
FY2023$353K
FY2024$295K
FY2025$223K
Expenses
$268K
FY2022▼ -4%
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
FY20220%
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 FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Business Manager
$0Pt VII · Sec A
President/Business Agent
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
Rec Secretary/Business Agent
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
Deputy Sgt-At-Arms/Auditor
$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 →

On this list? Claim this org

Something off? Claim to add context

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

Tap to ask. Local 78 Realty Corp sees how many people are interested.

Your first name shows with your question. Local 78 Realty Corp answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

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

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$268K
Ln 12
Fees for servicesLn 2g$268K
Money outPt IX
$268K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$268K
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$3.3M
Cash and savings togetherLn 1–2$3.3M
Land, buildings, equipmentLn 10c$365K
Other assetsLn 15$301K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.9M
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 FY22End FY22
Cash and savingsLn 1–2$3K$3.3M
Land, buildings, equipmentLn 10c$0$365K
Total assetsLn 16$1.0M$4.0M
LiabilitiesLn 26$0$2.9M
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$268K
Total functional expensesLn 25$268K

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 Viewing $268K$268K$0$1.0M 990 PDF
FY2021 $279K$279K$0$1.0M 990 PDF
FY2020 $273K$273K$0$1.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $267,518 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $279,269$267,518
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $279,269$267,518
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 $279,269$267,518
I-18 Total expensesPrior year $279,269$267,518
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 0 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
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 $267,518 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $267,518$267,518
VIII-12 Total revenueRelated to mission $267,518 · Unrelated business $0 · Excluded from tax $0$267,518
Part IX · Statement of functional expenses $267,518 across 1 line filed
IX-16 Occupancy$267,518
IX-25 Total functional expenses$267,518
Part X · Balance sheet $3,952,051 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $2,896$3,285,777
X-10c Land, buildings and equipment, netStart of year $0$365,000
X-15 Other assetsStart of year $1,027,242$301,274
X-16 Total assetsStart of year $1,030,138$3,952,051
X-25 Other liabilitiesStart of year $0$2,921,913
X-26 Total liabilitiesStart of year $0$2,921,913
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$3,952,051
Part XI · Reconciliation of net assets $1,030,138 net assets at year end
XI-1 Total revenue$267,518
XI-2 Total expenses$267,518
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) FY2022 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.

Your org? Add context

Made it to the end? Claim this org

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.