50 BROADWAY REALTY CORP (EIN 020555262) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MICHAEL MULGREW

Phone

2127777500

Tax Period

2023-08-01 to 2024-07-31

50 BROADWAY REALTY CORP, founded in 2002, is a mid-sized nonprofit in the Unknown sector that reported $16.3M in total revenue in fiscal year 2023.

Mission

WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AND OPERATING REAL PROPERTY LOCATED AT 50 BROADWAY, NEW YORK, NEW YORK ON BEHALF OF THE UNITED FEDERATION OF TEACHERS, LOCAL 2.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,635,189

Investment Income $684,701

Other Revenue $0

TOTAL REVENUE $16,319,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $776,473

Fundraising Expenses $0

Other Expenses $15,409,161

TOTAL EXPENSES $16,185,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,319,890	$16,262,421	+0.0%
Expenses	$16,185,634	$15,583,635	+0.0%
Net Income	$134,256	$678,786	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,008,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MULGREW	PRESIDENT	1.00	Officer	$0	$71,721	$414,720
DEBRA PENNY	TREASURER - FORMER	1.00	Officer	$0	$28,048	$171,995
LEROY BARR	SECRETARY	1.00	Officer	$0	$63,526	$301,241
VICTORIA LEE	TREASURER	1.00	Officer	$0	$23,826	$120,994
KEVIN RIDDER	BLDG MAINTENANCE	35.00	Highest	$226,275	$71,316	$297,591
CHARLES HOHMANN	BLDG MAINTENANCE	35.00	Highest	$203,621	$68,890	$272,511
JOSEPH BOSCO	BLDG MAINTENENCE	35.00	Highest	$127,232	$57,291	$184,523
MAURICE O'LEARY	BLDG MAINTENANCE	35.00	Highest	$151,345	$60,435	$211,780
FRANK FINAMORE	BLDG MAINTENANCE	35.00	Highest	$148,043	$61,366	$209,409

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$16,319,890	$16,185,634	$97,467,796	$134,256
2023	$16,262,421	$15,583,635	$100,547,151	$678,786
2022	$16,189,353	$15,328,501	$103,829,676	$860,852
2021	$16,489,338	$16,729,376	$106,628,317	$-240,038
2020	$16,521,901	$15,259,100	$108,488,491	$1,262,801
2019	$17,710,202	$16,364,455	$111,976,503	$1,345,747
2018	$13,866,889	$15,685,829	$110,852,904	$-1,818,940

50 BROADWAY REALTY CORP