Overview
What is Royal Charter Properties East Inc?
Royal Charter Properties East Inc is a nonprofit organization based in New York, specifically at 525 East 68th Street, Box 156. The team behind this organization is part of NewYork-Presbyterian Hospital's Real Estate Department, committed to delivering superior customer service to the hospital's staff, visitors, and guests in their housing, parking, and guest facility accommodations. Under the Royal Charter Properties umbrella, they aim to enhance the value of the real estate assets and investments contributing to the hospital's financial well-being. Their primary mission is to acquire and hold direct and indirect interests in real estate, with the income applied exclusively to charitable, educational, and scientific purposes.
Official website here: www.nyp.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Royal Charter Properties East Inc has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 81% primarily based on its Accountability & Finance metrics. This score indicates a solid commitment to financial health and transparency, which is a crucial factor for potential donors and stakeholders. The organization demonstrates strong governance practices, as evidenced by the presence of a fully independent board and robust oversight mechanisms.
Strengths of Royal Charter Properties East Inc include a high program expense ratio of 97.34%, suggesting that the vast majority of its expenditures directly support its mission. Additionally, the nonprofit has a comprehensive set of policies in place, including conflict of interest and whistleblower policies, which contribute to its accountability and ethical standards. The organization also maintains transparency through the availability of its financial statements and board meeting minutes.
While the organization showcases strong financial management and governance, stakeholders should always consider the context of the ratings and seek to understand the organization's mission and impact in the community. Overall, Royal Charter Properties East Inc appears to be a reliable nonprofit that prioritizes accountability and effective use of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Royal Charter Properties East Inc legitimate?
Royal Charter Properties East Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royal Charter Properties East Inc 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: $627,951
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,704
For more financial information, click here
Official website here: www.nyp.org
What is the mission statement of Royal Charter Properties East Inc?
Royal Charter Properties East Inc is committed to acquiring and holding real estate interests, with the income generated being used exclusively for charitable, educational, and scientific purposes. The professionals in New York-Presbyterian Hospital's Real Estate Department, under the umbrella of Royal Charter Properties, strive to provide top-notch customer service in the hospital's housing, parking, and guest facility accommodations. Their dedication extends to enhancing the value of the real estate assets and investments, contributing to the hospital's overall financial well-being.
Official website here: www.nyp.org
What is the revenue of Royal Charter Properties East Inc?
Royal Charter Properties East Inc's revenue in 2023 was $80,394,082.
Official website here: www.nyp.org
Who are the executives of Royal Charter Properties East Inc and what are their salaries?
Here are 20 key members and their salaries:
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- Related: $2,123,368
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- Related: $9,277,693
- Other: $5,273,091
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- Related: $576,214
- Other: $92,917
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- Related: $1,858,069
- Other: $68,997
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- Related: $2,362,515
- Other: $44,965
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- Related: $167,219
- Other: $26,131
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- Related: $192,422
- Other: $38,594
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- Related: $2,619,350
- Other: $85,653
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- Related: $790,940
- Other: $79,270
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- Related: $411,513
- Other: $40,544
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- Related: $160,862
- Other: $44,064
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- Related: $7,457,628
- Other: $224,853
Official website here: www.nyp.org
Where can I find the form 990 for Royal Charter Properties East Inc?
Royal Charter Properties East Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nyp.org
Learn more at the official website: www.nyp.org
Mission Statement of Royal Charter Properties East Inc
Royal Charter Properties East Inc, a dedicated real estate organization, is committed to acquiring and holding both direct and indirect interests in real estate. This New York-based company channels all income derived from its real estate ventures towards charitable, educational, and scientific purposes.
The professional employees of New York-Presbyterian Hospital's Real Estate Department, the driving force behind Royal Charter Properties East Inc, strive for excellence in providing top-notch customer service for the hospital's staff, visitors, and guests. Their responsibilities encompass housing, parking, and guest facility accommodations. Under the Royal Charter Properties umbrella, these dedicated individuals aim to enhance the value of the real estate assets and investments that significantly contribute to the fiscal well-being of the hospital.
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Impact
October, 2024
Royal Charter Properties East Inc significantly impacts the community by managing and enhancing real estate assets that support NewYork-Presbyterian Hospital’s operations. By acquiring and holding interests in real estate, the organization ensures that the hospital can provide optimal housing, parking, and guest facilities for staff, visitors, and guests.
The professional team within the real estate department is committed to delivering high-quality customer service, which directly contributes to the overall experience of those who interact with the hospital. This focus on service not only enhances the hospital's reputation but also plays a vital role in the fiscal well-being of the institution. As a result, Royal Charter Properties East Inc aids in solidifying the hospital's financial stability, thereby allowing it to dedicate more resources to its core mission of providing exceptional health care. Overall, the organization’s efforts help create a supportive environment that is crucial to the hospital's success and the well-being of those it serves.
This information is meant to be a general summary of Royal Charter Properties East Inc. 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 2023.
- Investment Income: $2,607,582
- Program Service Revenue: $77,332,329
- Gross Receipts: $80,394,082
Assets and Liabilities:
- Total Assets: $207,156,242
- Total Liabilities: $212,606,422
- Net Assets: -$5,450,180
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$72,887,865
PARKING INCOME
Revenue
$4,444,464
Organization Details
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