501-507 WEST 42ND STREET REALTY CORP (EIN 133120148) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Phone

2126955206

Tax Period

2024-01-01 to 2024-12-31

501-507 WEST 42ND STREET REALTY CORP, founded in 1982, is a small nonprofit that reported $610K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $591K left a modest 3% surplus.

Mission

501-507 WEST 42ND STREET REALTY CORP WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND FOR COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THERE OF, LESS EXPENSES TO LOCAL 580 PENSION FUND.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $608,782

Investment Income $1,073

Other Revenue $0

TOTAL REVENUE $609,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,109

Fundraising Expenses $0

Other Expenses $495,747

TOTAL EXPENSES $590,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,855	$491,263	+0.2%
Expenses	$590,856	$514,517	+0.1%
Net Income	$18,999	$-23,254	-1.8%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

$310,179

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDAN TORMEY	FUND ADMINISTRATOR	2.00	Key Emp	$0	$127,842	$310,179
JOSEPH NOLAN	PRESIDENT	2.00	Officer	$0	$0	$0
RANDALL MENT	VICE PRESIDENT	2.00	Officer	$0	$0	$0
STEVEN DONOFRIO	TREASURER	2.00	Officer	$0	$0	$0
RANDALL RIFELLI	SECRETARY	2.00	Officer	$0	$0	$0

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	$609,855	$590,856	$1,815,881	$18,999
2023	$491,263	$514,517	$1,753,722	$-23,254
2022	$502,020	$435,183	$1,762,675	$66,837
2021	$587,743	$491,085	$1,880,159	$96,658
2020	$579,712	$435,734	$1,761,377	$143,978
2019	$566,512	$444,249	$1,863,056	$122,263
2018	$554,653	$431,470	$1,939,123	$123,183

501-507 WEST 42ND STREET REALTY CORP