Overview
What is Royal Charter Properties Inc?
Royal Charter Properties Inc is a nonprofit organization whose primary goal is to manage and enhance the value of real estate assets and investments under its umbrella. Based in New York, NY (10065), the team behind this organization provides superior customer service in the Hospital's housing, parking, and guest facility accommodations. Their mission is to exclusively apply collected income to charitable, educational, and scientific purposes, contributing to the fiscal well-being of the hospital. The employees of NewYork-Presbyterian Hospital's Real Estate Department oversee the operations of Royal Charter Properties Inc, aiming to offer the highest quality of service to the hospital's staff, visitors, and guests.
Official website here: www.nyp.org/realestate
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Royal Charter Properties Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting high levels of accountability and financial health. The charity's score is based solely on a comprehensive assessment of its financial practices, which indicates a strong commitment to transparency and responsible financial management.
The organization boasts an 80% independent board, with all members contributing to robust oversight. Key indicators such as a 94.23% program expense ratio show that the vast majority of funds are allocated directly to programmatic efforts rather than administrative costs. Additionally, the charity has established policies for conflict of interest, whistleblowing, and document retention, further reinforcing its commitment to ethical governance.
While the data presents a positive view of the charity's operations, it's essential for potential donors to consider their own priorities and interests when evaluating the impact of their contributions. Overall, Royal Charter Properties Inc demonstrates strong financial integrity and effective governance practices, making it a reliable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Royal Charter Properties Inc legitimate?
Royal Charter Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royal Charter Properties 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: $533,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,464,979
For more financial information, click here
Official website here: www.nyp.org/realestate
What is the mission statement of Royal Charter Properties Inc?
Royal Charter Properties Inc is committed to acquiring and holding real estate interests, with the income generated applied solely to charitable, educational, and scientific purposes. The professionals in New York-Presbyterian Hospital's Real Estate Department, under the umbrella of Royal Charter Properties, strive for excellence in customer service for the hospital's staff, visitors, and guests in its housing, parking, and guest facility accommodations. Their primary goal is to enhance the value of the real estate assets and investments, contributing to the hospital's financial well-being.
Official website here: www.nyp.org/realestate
Who is the CEO of Royal Charter Properties Inc?
Unavailable
Official website here: www.nyp.org/realestate
What is the revenue of Royal Charter Properties Inc?
Royal Charter Properties Inc's revenue in 2022 was $45,685,024.
Official website here: www.nyp.org/realestate
Who are the executives of Royal Charter Properties Inc and what are their salaries?
Here are 25 key members and their salaries:
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- Related: $2,127,285
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- Related: $8,933,522
- Other: $4,958,678
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- Related: $558,080
- Other: $85,347
- Compensation: $0
- Related: $1,613,071
- Other: $63,659
- Compensation: $0
- Related: $2,236,322
- Other: $42,073
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- Related: $183,554
- Other: $25,763
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- Related: $181,801
- Other: $34,665
- Compensation: $0
- Related: $2,214,819
- Other: $78,240
- Compensation: $0
- Related: $739,004
- Other: $87,735
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- Related: $334,543
- Other: $36,138
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- Related: $244,086
- Other: $53,858
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- Related: $213,480
- Other: $61,866
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- Related: $226,487
- Other: $42,851
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- Related: $233,846
- Other: $58,181
- Compensation: $0
- Related: $191,210
- Other: $37,994
- Compensation: $0
- Related: $6,669,549
- Other: $169,275
- Compensation: $0
- Related: $1,505,722
- Other: $238,310
Official website here: www.nyp.org/realestate
Where can I find the form 990 for Royal Charter Properties Inc?
Royal Charter Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyp.org/realestate
Learn more at the official website: www.nyp.org/realestate
Mission Statement of Royal Charter Properties Inc
Royal Charter Properties Inc, a dedicated real estate organization, is committed to acquiring and holding interests in real estate with the primary objective of applying income exclusively to charitable, educational, and scientific purposes. The professional employees of NewYork-Presbyterian Hospital's Real Estate Department, under the umbrella of Royal Charter Properties, strive to provide the highest quality of customer service to the hospital's staff, visitors, and guests in its housing, parking, and guest facility accommodations. They aim to enhance the value of the real estate assets and investments, contributing significantly to the fiscal well-being of the hospital. The team's dedication extends beyond providing exceptional customer service; they are passionate about making a difference through real estate. By managing and maintaining the properties effectively, they ensure that the contributions made to charitable, educational, and scientific causes continue to thrive. With a focus on excellence and a strong sense of purpose, Royal Charter Properties Inc plays a vital role in supporting the mission of NewYork-Presbyterian Hospital.
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Impact
October, 2024
Royal Charter Properties Inc significantly impacts NewYork-Presbyterian Hospital by acquiring and managing real estate assets that are essential for the hospital's operations. The organization's focus on providing high-quality housing, parking, and guest facilities ensures that staff, visitors, and guests have comfortable accommodations, which is critical in a healthcare environment.
By enhancing the value of these real estate assets, Royal Charter Properties supports the hospital's fiscal health, allowing it to allocate more resources toward patient care and community services. This commitment not only improves the experience of those interacting with the hospital but also reinforces the institution's overall mission of delivering exceptional healthcare. Through its strategic management of real estate, Royal Charter Properties plays a crucial role in the hospital's operational success and its ability to serve the community effectively.
This information is meant to be a general summary of Royal Charter Properties 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 2022.
- Investment Income: $11,912
- Program Service Revenue: $45,143,308
- Gross Receipts: $45,685,024
Assets and Liabilities:
- Total Assets: $136,038,442
- Total Liabilities: $27,459,703
- Net Assets: $108,578,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$21,601,558
PARKING
Revenue
$23,541,750
Organization Details
Founding Year
1982
Phone
(212) 297-4255Main Address
525 EAST 68TH STREET BOX 156, NEW YORK, NY, 10065
Website
www.nyp.org/realestateNTEE Category
Code: E00 - Health
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