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Nonprofiteer
← 260 PARK AVE REALTY CORP

Form 990 for tax year 2023

Filed by 260 PARK AVE REALTY CORP.

Totals

Total revenue
$17
Total expenses
$40,732
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$17
Other revenue
$0
Total assets, end of year
$41,241,211
Total liabilities, end of year
$6,801
Net assets or fund balances, end of year
$41,234,410
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $17 · excluded $17

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,800

  • 16 · Occupancy

    total $17,780

  • 22 · Depreciation, depletion and amortization

    total $525

  • 24a · Other expenses: ALLOCATED SALARIES

    total $15,480

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $131

  • 24c · Other expenses: CLEANING

    total $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,383 · end of year $7,859

  • 2 · Savings and temporary cash investments

    beginning of year $1,285 · end of year $1,302

  • 10a · Land, buildings and equipment: cost or other basis

    $284,772

  • 10b · Land, buildings and equipment: accumulated depreciation

    $269,192

  • 10c · Land, buildings and equipment, net

    beginning of year $16,105 · end of year $15,580

  • 15 · Other assets

    beginning of year $41,222,760 · end of year $41,216,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,598 · end of year $6,801

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,500,000 · end of year $1,500,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $39,734,935 · end of year $39,734,410

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ACQUIRING AND OPERATING REAL PROPERTY ON BEHALF OF THE UNITED FEDERATION OF TEACHERS.

Activities or mission (Part I)

TO ACQUIRE AND OPERATE REAL PROPERTY LOCATED AT 260 PARK AVENUE, NEW YORK, NY, ON BEHALF OF THE UNITED FEDERATION OF TEACHERS.

  • GROSS EXPENSES INCURRED BY CORPORATION HOLDING TITLE TO PROPERTY FOR AN EXEMPT ORGANIZATION.

As filed on the 2023 return.

Listed in Part VII

  • MICHAEL MULGREW

    PRESIDENT

    Total calculated
    $414,720
    From this org
    $0
    From related orgs
    $342,999
    Other
    $71,721
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,973 related
    Bonus
    $0
    Other
    $0 + $6,026 related
    Deferred
    $0 + $48,568 related
    Nontaxable benefits
    $0 + $23,153 related
    Filer's total
    $0 + $414,720 related

  • DEBRA PENNY

    FORMER TREASURER

    Total calculated
    $171,995
    From this org
    $0
    From related orgs
    $143,947
    Other
    $28,048
    Hours/week
    1 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,947 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,048 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $171,995 related

  • LEROY BARR

    SECRETARY

    Total calculated
    $301,241
    From this org
    $0
    From related orgs
    $237,715
    Other
    $63,526
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,715 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,435 related
    Nontaxable benefits
    $0 + $30,091 related
    Filer's total
    $0 + $301,241 related

  • VICTORIA LEE

    TREASURER

    Total calculated
    $120,994
    From this org
    $0
    From related orgs
    $97,168
    Other
    $23,826
    Hours/week
    1 + 33 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UFT MEMORIALS INC

    C · PURCHASE PLOTS FROM CEMETARY ORGS AND MAKES SUCH PLOTS · NY

    Directly controlled by UNITED FEDERATION OF TEACHERS LOCAL 2 AFT

Provenance

Return type
form_990
Tax year
2023
Filed
5 June 2025
IRS schema version
2023v6.0
Source object
202501649349301370

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