Briarwood 138-50 Real Estate Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113627309 ✦ New rochelle, NY ✦ Designated as a 501(c)(2)

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Overview

What is Briarwood 138-50 Real Estate Corp?

Briarwood 138-50 Real Estate Corp is a nonprofit organization established to manage and hold title to the building located at 138-50 Queens Boulevard, Briarwood, New York. The primary objective of this corporation is to lease office space from this building to exempt organizations, providing them with a suitable workspace. This arrangement enables the leased organizations to focus on their respective missions and goals, contributing positively to the community.

Is Briarwood 138-50 Real Estate Corp legitimate?

Briarwood 138-50 Real Estate Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Briarwood 138-50 Real Estate 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 tax deductible.


Heare are some key statistics you may want to consider:

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

For more financial information, click here

What is the mission statement of Briarwood 138-50 Real Estate Corp?

This real estate corporation serves a unique purpose by holding the title to a building and leasing office space from it to tax-exempt organizations. The corporation's primary goal is to facilitate the provision of office space for these organizations, allowing them to carry out their respective missions effectively. By leasing space from this corporation, these organizations are able to focus on their charitable pursuits without the burden of property ownership. The real estate corporation's role in the community is essential, as it enables various exempt organizations to thrive and make a positive impact.

Who is the CEO of Briarwood 138-50 Real Estate Corp?

William Sweeney is the President of Briarwood 138-50 Real Estate Corp.

What is the revenue of Briarwood 138-50 Real Estate Corp?

Briarwood 138-50 Real Estate Corp's revenue in 2022 was $13,439,413.

Who are the executives of Briarwood 138-50 Real Estate Corp and what are their salaries?


Here are 5 key members and their salaries:


Lori Ames (President)
  • Compensation: $0
  • Related: $508,969
  • Other: $46,200
Jonathan S Ames (Vice President)
  • Compensation: $0
  • Related: $308,941
  • Other: $111,094
William Sweeney (Secretary-Treas)
  • Compensation: $0
  • Related: $322,477
  • Other: $70,294
Troy Anderson (Trustee)
  • Compensation: $0
  • Related: $308,312
  • Other: $106,702
Peter R Devito (Trustee)
  • Compensation: $0
  • Related: $294,535
  • Other: $106,332
Where can I find the form 990 for Briarwood 138-50 Real Estate Corp?

Briarwood 138-50 Real Estate Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Briarwood 138-50 Real Estate Corp

Briarwood 138-50 Real Estate Corp is a unique entity that serves as a landlord for exempt organizations. Its primary mission involves holding the title to a building, specifically located in New York, and offering office space for lease to these non-profit entities. By doing so, the corporation facilitates the important work carried out by various exempt organizations.

In essence, the Briarwood 138-50 Real Estate Corp plays a pivotal role in the community by providing office space for non-profit organizations that focus on a wide range of causes. These organizations rely on the corporation to offer them a stable and secure environment where they can carry out their missions effectively. The corporation's commitment to supporting non-profits is an essential aspect of its identity.

The Briarwood 138-50 Real Estate Corp's activities extend beyond merely leasing office space. By offering affordable and accessible office solutions, the corporation creates an environment where non-profit organizations can thrive and make a meaningful impact on their communities. The corporation's dedication to providing space for these organizations demonstrates its belief in the power of non-profits to bring positive change and foster growth.

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Impact




October, 2024

Briarwood 138-50 Real Estate Corp significantly impacts its community by facilitating access to essential office space for exempt organizations. By holding the title to the building located at 138-50 Queens Boulevard, Briarwood, New York, the corporation provides a vital resource that supports various nonprofit activities. This endeavor not only fosters local organizational growth and collaboration but also contributes to the improvement of the surrounding community by ensuring that these organizations have a stable and dedicated space to operate. As a result, the work of Briarwood 138-50 Real Estate Corp plays a crucial role in enhancing the capacity of exempt organizations to serve their missions effectively.




This information is meant to be a general summary of Briarwood 138-50 Real Estate Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$13,439,413 (2022)
Expenses
$98,699 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,107,920
  • Program Service Revenue: $278,850
  • Gross Receipts: $15,257,652

Assets and Liabilities:

  • Total Assets: $357,752
  • Total Liabilities: $0
  • Net Assets: $357,752

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT FROM AFFILIATES

Revenue

$278,850

Organization Details

Founding Year

2001

Principal Officer

William Sweeney

Main Address

145 HUGUENOT ST 420, NEW ROCHELLE, NY, 10801

NTEE Category

Code: S47 - Community improvement

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