50 Broadway Realty Corp

50 Broadway Realty Corp is a nonprofit organization established for the purpose of acquiring and managing real property situated at 50 Broadway, New York, New York, on behalf of the United Federation of Teachers, Local 2. The corporation incurs gross expenses related to holding the title for this exempt organization. Their mission is centered around the acquisition and operation of the property, serving as a subsidiary entity for the United Federation of Teachers. They currently employ a team of ten individuals.

50 Broadway Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 50 Broadway Realty Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $791,769

For more financial information, click here

50 Broadway Realty Corp was established for the primary purpose of acquiring and managing real property on behalf of a specific exempt organization, the United Federation of Teachers, Local 2. The corporation's mission revolves around facilitating the acquisition and operation of real estate assets for the benefit of this organization. The gross expenses incurred by the corporation in holding title to the property are geared towards furthering the objectives of the exempt organization. This real estate management allows the organization to focus on its core activities without being burdened by the day-to-day responsibilities of property ownership. The collaboration between the corporation and the exempt organization aims to create an efficient and effective use of resources for the betterment of the organization as a whole.

Michael Mulgrew is the President of 50 Broadway Realty Corp.

50 Broadway Realty Corp's revenue in 2022 was $16,189,353.

The average compensation at 50 Broadway Realty Corp during 2022 was $79,177. There are 10 employees at 50 Broadway Realty Corp.

Here are 8 key members and their salaries:

The 50 Broadway Realty Corp’s most recent form 990 was submitted in 2022 and can be accessed here