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Local 79 Realty Corp

New York, NYMutual-benefit / member-servingSince 2017 EIN 82-2946166Revenue $764K in FY2025Latest return filed Jul 6, 2026

On file with the IRSNew York, NYTax-exempt since Jun 2018

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

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2946166) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $318K a year · 51% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
0.7 mo
of spending, in cash
0.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20.5M
114% of total assets
Liabilities are 114% of assets.
Pt X · Ln 26
Independent board members
0
of 2 voting members
None of 2 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$764K
+3% vs prior year
Spent
$988K
Net assets
−$2.5M
By yearFY2020–FY2025
Revenue
$764K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$101K
FY2021$720K
FY2022$720K
FY2023$720K
FY2024$742K
FY2025$764K
Expenses
$988K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$929K
FY2021$911K
FY2022$958K
FY2023$947K
FY2024$940K
FY2025$988K
Net assets
−$2.5M
FY2025▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.5M
FY2021−$1.7M
FY2022−$1.9M
FY2023−$2.1M
FY2024−$2.3M
FY2025−$2.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Anthony J Vita
Director/Secretary/Treasur
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael J Prohaska
Director/President - Thru 07/25
$0Pt VII · Sec A
See Local 79 Realty Corp executive salaries →

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 79 Realty Corp

Tap to ask. Local 79 Realty Corp sees how many people are interested.

Your first name shows with your question. Local 79 Realty Corp answers here, for everyone.

1 program · in their own filed words · FY2025
01

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

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2946166) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$764K
Ln 12
Fees for servicesLn 2g$764K
Investment incomeLn 3$6
Money outPt IX
$988K
Ln 25
Owns and owesPt X
−$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$18.0M
LiabilitiesLn 26$20.5M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$764K
Investment incomeLn 3$6
Total revenueLn 12$764K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$59K
Prepaid expenses and deferred chargesLn 9$98K
Land, buildings, equipmentLn 10c$17.8M
Total assetsLn 16$18.0M
LiabilitiesLn 26$20.5M
Net assetsLn 32−$2.5M
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 FY25End FY25
Cash and savingsLn 1–2$38K$59K
Land, buildings, equipmentLn 10c$18.3M$17.8M
Total assetsLn 16$18.4M$18.0M
LiabilitiesLn 26$20.7M$20.5M
Net assetsLn 32−$2.3M−$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$7K
Office expensesLn 13$323
OccupancyLn 16$473K
Depreciation, depletion and amortizationLn 22$508K
Total functional expensesLn 25$988K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 6, 2026 $764K$988K−$224K−$2.5M 990 PDF
FY2024Filed with the IRS Apr 23, 2025 $742K$940K−$198K−$2.3M 990 PDF
FY2023Filed with the IRS Jul 1, 2024 $720K$947K−$227K−$2.1M 990 PDF
FY2022Filed with the IRS May 11, 2023 $720K$958K−$238K−$1.9M 990 PDF
FY2021Filed with the IRS May 25, 2022 $720K$911K−$191K−$1.7M 990 PDF
FY2020Filed with the IRS Jul 9, 2021 $101K$929K−$829K−$1.5M 990 PDF

Schedules filed Part IV

D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $763,854 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $741,600$763,848
I-10 Investment incomePrior year $6$6
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $741,606$763,854
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 $939,705$988,047
I-18 Total expensesPrior year $939,705$988,047
I-19 Revenue less expensesPrior year −$198,099−$224,193
Part VI · Governance 0 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
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 $763,854 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $763,848$763,848
VIII-3 Investment incomeExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $763,848 · Unrelated business $0 · Excluded from tax $6$763,854
Part IX · Statement of functional expenses $988,047 across 4 lines filed
IX-11c Accounting fees$6,900
IX-13 Office expenses$323
IX-16 Occupancy$472,694
IX-22 Depreciation, depletion and amortization$508,130
IX-25 Total functional expenses$988,047
Part X · Balance sheet $17,967,516 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $8,599$28,974
X-2 Savings and temporary cash investmentsStart of year $29,744$29,750
X-9 Prepaid expenses and deferred chargesStart of year $50,068$98,062
X-10c Land, buildings and equipment, netStart of year $18,318,861$17,810,730
X-16 Total assetsStart of year $18,407,272$17,967,516
X-17 Accounts payable and accrued expensesStart of year $58,617$6,902
X-25 Other liabilitiesStart of year $20,662,285$20,498,437
X-26 Total liabilitiesStart of year $20,720,902$20,505,339
X-27 Net assets without donor restrictionsStart of year −$2,313,630−$2,537,823
X-32 Total net assets or fund balancesStart of year −$2,313,630−$2,537,823
X-33 Total liabilities and net assetsStart of year $18,407,272$17,967,516
Part XI · Reconciliation of net assets −$2,537,823 net assets at year end
XI-1 Total revenue$763,854
XI-2 Total expenses$988,047
XI-3 Revenue less expenses−$224,193
XI-4 Net assets at start of year−$2,313,630
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,537,823

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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