GEORGE MEANY BOULEVARD REAL ESTATE COMPANY INC

EIN: 300834285 Mutual Benefit

LONG ISLAND CITY, NY

Total Revenue
$12,629
Total Expenses
$253,039
Total Assets
$1,297,699
Net Assets
$1,078,735
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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
2014
Legal Domicile
NY
Principal Officer
PAUL O'CONNOR
Phone
7187387500
Tax Period
2024-01-01 to 2024-12-31

GEORGE MEANY BOULEVARD REAL ESTATE COMPANY INC, founded in 2014, is a micro nonprofit in the Mutual Benefit sector that reported $13K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 1904% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS THE PURCHASE AND HOLDING OF TITLE TO REAL PROPERTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $12,629
TOTAL REVENUE $12,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $253,039
TOTAL EXPENSES $253,039

Year-over-Year Comparison

2024 2023 Change
Revenue $12,629 $205,001 -0.9%
Expenses $253,039 $199,782 +0.3%
Net Income $-240,410 $5,219 -47.1%
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

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Governance

Voting Members
2
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
2
$732,416
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL O'CONNOR PRESIDENT 1.00
Officer
$0 $141,223 $385,279
FRED DELLIGATTI SECRETARY/TREASURER 1.00
Officer
$0 $132,725 $347,137
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 $12,629 $253,039 $1,297,699 $-240,410
2023 $205,001 $199,782 $1,535,822 $5,219
2022 $9,001 $163,722 $1,542,422 $-154,721
2021 $179,748 $127,328 $1,688,727 $52,420
2020 $296,705 $125,932 $1,707,934 $170,773
2019 $289,296 $121,015 $1,532,842 $168,281
2018 $284,746 $123,206 $1,362,520 $161,540
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