Overview
What is 260 Park Avenue Realty Corp?
260 Park Avenue Realty Corp is a corporation that serves as an intermediary, incurring expenses to manage a property on behalf of an exempt organization, specifically the United Federation of Teachers. Their primary function is to acquire and operate a real estate property located at 260 Park Avenue, New York, NY. The corporation's mission aligns with supporting the United Federation of Teachers by managing their property interests effectively.
Is 260 Park Avenue Realty Corp legitimate?
260 Park Avenue Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 260 Park Avenue 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 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 260 Park Avenue Realty Corp?
The mission of 260 Park Avenue Realty Corp, as outlined, is centered around acquiring and managing real property on behalf of the United Federation of Teachers. This corporation's purpose is to incur expenses related to the operation of this property for the benefit of an exempt organization. It serves as a facilitator, ensuring the smooth operation of the property for the associated organization. The corporation's role includes managing the property's expenses, ultimately contributing to the operations of the United Federation of Teachers.
Who is the CEO of 260 Park Avenue Realty Corp?
Michael Mulgrew is the President of 260 Park Avenue Realty Corp.
What is the revenue of 260 Park Avenue Realty Corp?
260 Park Avenue Realty Corp's revenue in 2022 was $1.
Who are the executives of 260 Park Avenue Realty Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $341,368
- Other: $58,691
- Compensation: $0
- Related: $101,057
- Other: $23,309
- Compensation: $0
- Related: $235,497
- Other: $51,855
Where can I find the form 990 for 260 Park Avenue Realty Corp?
260 Park Avenue Realty Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 260 Park Avenue Realty Corp
260 Park Avenue Realty Corp, as a nonprofit organization, was established with a primary mission. This mission involves acquiring and operating real property on behalf of the United Federation of Teachers. The corporation's purpose is to manage this property effectively, serving as a reliable steward for the exempt organization it represents. The organization's activities are primarily focused on incurring gross expenses related to the property's maintenance and operation. In essence, 260 Park Avenue Realty Corp plays a crucial role in ensuring the United Federation of Teachers has a well-maintained and functional real estate asset at its disposal.
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Impact
October, 2024
260 Park Avenue Realty Corp plays a crucial role in supporting the United Federation of Teachers by managing and operating a key property located at 260 Park Avenue in New York City. This organization ensures that the facilities are maintained and run efficiently, creating a stable environment that benefits the educators and supports the broader educational community.
Through its efforts, it contributes to community improvement by providing essential resources and spaces for union activities, professional development, and gatherings that foster collaboration among teachers. Ultimately, its management of this real estate asset helps to strengthen the educational framework and advocacy efforts for teachers in New York, underpinning their rights and enhancing their professional lives.
This information is meant to be a general summary of 260 Park Avenue Realty 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $41,243,207
- Total Liabilities: $7,878
- Net Assets: $41,235,329
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Organization Details
Founding Year
1966
Phone
(212) 777-7500Principal Officer
Michael Mulgrew
Main Address
52 BROADWAY, NEW YORK, NY, 10004
NTEE Category
Code: S47 - Community improvement
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