MURRAY HILL PLACE INC

EIN: 133542148 501(c)(3) Religion

NEW YORK, NY

Total Revenue
$2,798,460
Total Expenses
$4,839,880
Total Assets
$41,875,197
Net Assets
$41,875,197
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
Anthony M McCarthy
Phone
6467422700
Tax Period
2023-01-01 to 2023-12-31

MURRAY HILL PLACE INC, founded in 1989, is a community nonprofit in the Religion sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 73% operating deficit.

Mission

Murray Hill Place, Inc. supports the apostolic work of the Prelature of the Holy Cross and Opus Dei, a worldwide institution of the Catholic Church which helps men and women serve God in and through their daily work, family life and social relations. The organization provides chapels and other facilities for Roman Catholic religious worship; the residence and national office of the Regional Vicar of Opus Dei for the United States and his advisory councils; a Center of Studies for the instruction of university students and young professionals; and conference facilities used for spiritual retreats, conferences, classes, workshops, and other similar activities which extend to the general public.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,923,250
Program Service Revenue $865,496
Investment Income $4,281
Other Revenue $5,433
TOTAL REVENUE $2,798,460

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,196,316
Fundraising Expenses $0
Program Expenses $4,746,022
Other Expenses $3,643,564
TOTAL EXPENSES $4,839,880

Year-over-Year Comparison

2023 2022 Change
Revenue $2,798,460 $5,178,062 -0.5%
Expenses $4,839,880 $4,448,842 +0.1%
Net Income $-2,041,420 $729,220 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
6
Employees
63
Volunteers
10

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
6
$131,520
Total Directors
10
$131,520
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David R Oakley President 10
Officer Director
$6,560 $27,600 $34,160
Anthony M McCarthy Secretary & Executive Director 40
Officer Director
$6,560 $27,600 $34,160
Veronica L Armijo Vice President 10
Officer Director
$10,000 $21,600 $31,600
Ashley Petros Vice President 10
Officer Director
$10,000 $21,600 $31,600
Luis Cabral Vice President 0.25
Officer Director
$0 $0 $0
Michael J Almonte Board Director 0.25
Director
$0 $0 $0
Thomas Hughes Board Director 0.25
Director
$0 $0 $0
John E Joyce Board Director 0.25
Director
$0 $0 $0
Carl A Ruggiero Board Director 0.25
Director
$0 $0 $0
Dolores Tiangco Board Director 0.25
Director
$0 $0 $0
Arthur Kim C Rivera Treasurer 25
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 No data No data No data No data
2023 $2,798,460 $4,839,880 $41,875,197 $-2,041,420
2022 $5,178,062 $4,448,842 $43,944,593 $729,220
2021 $5,022,335 $4,623,511 $43,211,368 $398,824
2020 $3,329,647 $3,765,581 $43,362,580 $-435,934
2019 $3,176,517 $4,237,157 $43,425,017 $-1,060,640
2018 $3,074,968 $4,046,065 $44,378,644 $-971,097
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