3232 48TH AVENUE REALTY CORP (EIN 112815074) - 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

1986

Principal Officer

PATRICK DALY

Phone

7183923420

Tax Period

2023-01-01 to 2023-12-31

3232 48TH AVENUE REALTY CORP, founded in 1986, is a micro nonprofit that reported $493K in total revenue in fiscal year 2023. Revenue fell 160% from the prior year — a significant decline worth monitoring.

Mission

ORGANIZATION IS A TITLE HOLDING COMPANY FOR REAL ESTATE OWNED BY A LABOR ORGANIZATION. THE PURPOSE IS TO MAINTAIN AND OPERATE THE UNIONS OFFICES AND MEETING HALL.

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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 $0

Investment Income $1,824

Other Revenue $-494,683

TOTAL REVENUE $-492,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-492,859	$817,467	-1.6%
Expenses	N/A	$871,333	-1.0%
Net Income	N/A	$-53,866	N/A

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

Employees

N/A

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

$894,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SHEERAN	PRESIDENT	1.00		$0	$75,499	$218,983
PATRICK DALY	SECRETARY-TR	1.00	Officer	$0	$147,183	$405,254
ROBERT BARTELS	BUSINESS MAN	1.00	Officer	$0	$77,595	$231,585
BRIAN KEARNEY	PRESIDENT	1.00	Officer	$0	$127,902	$257,435

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	No data	No data	No data	No data
2023	$-492,859	No data	$27,751,608	No data
2022	$817,467	$871,333	$28,244,467	$-53,866
2021	$344,513	$876,342	$28,298,333	$-531,829
2020	$571,452	$864,198	$28,830,162	$-292,746
2019	$-1,024,952	$16,250	$29,122,908	$-1,041,202
2018	$-312,817	$15,000	$28,864,110	$-327,817

3232 48TH AVENUE REALTY CORP