LOCAL NO 1 REALTY CORP (EIN 133321278) - 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

1985

Legal Domicile

Principal Officer

MICHAEL RIEGGER

Phone

7187677004

Tax Period

2025-01-01 to 2025-12-31

LOCAL NO 1 REALTY CORP, founded in 1985, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. The organization ran a surplus of $465K, a strong 40% operating margin.

Mission

TO ACQUIRE AND HOLD TITLE TO REAL PROPERTY ON BEHALF OF LOCAL 1 ELEVATOR CONSTRUCTORS UNION OF NEW YORK CITY AND VICINITY, TO COLLECT THE INCOME FROM SUCH REAL PROPERTY, TO PAY THE EXPENSES OF OPERATING AND MAINTAINING SUCH REAL PROPERTY AND TO TURN OVER AMOUNTS AS PROPER TO LOCAL UNION NO. 1.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,125,129

Investment Income $28,259

Other Revenue $528

TOTAL REVENUE $1,153,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $688,803

TOTAL EXPENSES $688,803

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,153,916	$1,163,212	0.0%
Expenses	$688,803	$684,287	+0.0%
Net Income	$465,113	$478,925	0.0%

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

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

$1,264,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD LEGOTTE	PRESIDENT	1.00	Director	$0	$112,989	$459,086
MICHAEL RIEGGER	SECRETARY-TREASURER	1.00	Director	$0	$113,213	$408,175
DENIS KILDUFF	TRUSTEE	1.00	Director	$0	$113,213	$396,899

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
2025	$1,153,916	$688,803	$5,494,880	$465,113
2024	$1,163,212	$684,287	$5,254,767	$478,925
2023	$1,098,767	$654,426	$5,225,842	$444,341
2022	$985,695	$576,944	$5,031,501	$408,751
2021	$1,895,962	$499,592	$4,962,275	$1,396,370
2020	$838,476	$479,702	$3,570,307	$358,774
2019	$815,198	$476,659	$3,574,490	$338,539
2018	$810,104	$487,883	$3,624,238	$322,221

LOCAL NO 1 REALTY CORP