Salamander Realty Corp EIN 46-3193847 Form 990 (PDF) Claim this org

Salamander Realty Corp

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Acquires and holds title to real estate for the Union. For fiscal year 2025 it reported $753K in revenue, $664K in expenses, and $-238K in net assets.Pt I

Type
Mutual-benefit / member-serving · Community Development
Location
Long Is City, NY
Filings
6 on file (2020–2025)
Revenue
$753KFY2025
Expenses
$664K
Net assets
$-238K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-3193847 Mutual-benefit / member-serving Long Is City, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Acquires and holds title to real estate for the Union.
Leadership
John B Jovic · Secretary Treasurer/Bus Mg
Money in and out
$753K revenue, $664K expenses
Bottom line
+12% surplus margin
Reported financial activity · FY2025
Total revenue
$753K
Pt VIII · Ln 12
Total expenses
$664K
Pt IX · Ln 25
Net assets
$-238K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90K
Surplus margin
+12%
revenue over expenses, this year▲ +145% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$753K
FY2025▲ +34%
Expenses
$664K
FY2025▼ -7%
Total assets
$12.5M
FY2025▼ -3%
Total liabilities
$12.7M
FY2025▼ -3%
Total revenue
$753K
Pt VIII · Ln 12
Total expenses
$664K
Pt IX · Ln 25
Net assets
$-238K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$90K
Total assetsPt X · Ln 16$12.5M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

Established as a nominee of the union to hold title to real estate.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSalamander Realty Corp
EINHdr · item D46-3193847
Principal addressHdr · item CLong Is City, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(2) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary Treasurer/Bus Mg
$0Pt VII · Sec A
President - Thru 7/25
$0Pt VII · Sec A
President - Eff 7/25
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$553K · 73%
Contributions & grants$200K · 27%
Program service revenue73%$553K
Contributions & grants27%$200K
Investment income$25
Total revenueLn 12$753K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$12.5M
Total liabilitiesLn 26$12.7M
Total net assetsLn 32$-238K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses/yr $664K
0.6 months
Where the money goes
Program services
Program services — · Total expenses $664K
Management & General
Management & general — · Total expenses $664K
Fundraising
Fundraising — · Total expenses $664K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $200K · Total revenue $753K
27%
Government reliance
Government grants — · Total revenue $753K
Earned-income share
Program service revenue $553K · Total revenue $753K
73%
Investment reliance
Investment income $25 · Total revenue $753K
<0.01%
Program self-sufficiency
Program service revenue $553K · Total expenses $664K
83%
Growth & trend
Revenue growth (YoY)
This year $753K · Prior year $564K
+34%
Revenue CAGR
FY2020 $386K · FY2025 $753K
+14%
Net-asset trend (YoY)
End of year $-238K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $753K · Expenses $664K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $12.5M
Net-asset ratio
Net assets $-238K · Total assets $12.5M
-2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John B Jovic · Reported title SECRETARY TREASURER/BUS MG · Highest reported compensation $0 · Total expenses $664K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $664K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth 34%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$753K revenue · viewing · ⤓ 990 PDF
FY2024$564K revenue · ⤓ 990 PDF
FY2023$438K revenue · ⤓ 990 PDF
FY2022$336K revenue · ⤓ 990 PDF
FY2021$336K revenue · ⤓ 990 PDF
FY2020$386K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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