Form 990 for tax year 2024
Filed by NEW YORK APARTMENT ASSOCIATION INC.
Totals
- Total revenue
- $11,623,195
- Total expenses
- $9,683,125
- Contributions and grants received
- $80,171
- Grants paid
- $35,500
- Program service revenue
- $7,322,180
- Investment income
- $4,050,548
- Other revenue
- $170,296
- Total assets, end of year
- $62,498,867
- Total liabilities, end of year
- $4,434,797
- Net assets or fund balances, end of year
- $58,064,070
- 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.
-
1f · All other contributions, gifts and grants
$80,171
-
2a · Program service revenue: MEMBERSHIP DUES
total $4,765,801 · related or exempt $4,765,801
-
2b · Program service revenue: SAFETY RELATED SVCS
total $888,344 · related or exempt $888,344
-
2c · Program service revenue: RENT REGISTRATION
total $674,985 · related or exempt $674,985
-
2d · Program service revenue: LEGAL FUND
total $657,135 · related or exempt $657,135
-
2e · Program service revenue: NETWORKING/SOCIAL EVENTS
total $220,764 · related or exempt $220,764
-
2f · All other program service revenue
total $115,151 · related or exempt $115,151
-
3 · Investment income
total $1,780,304 · excluded $1,780,304
-
7a · Gross sales of assets other than inventory
securities $23,942,949
-
7b · Less cost or other basis and sales expenses
securities $21,672,705
-
7c · Gain or loss
securities $2,270,244
-
7d · Net gain or loss
total $2,270,244 · excluded $2,270,244
-
11a · Other revenue: EQUITY IN SUBSIDIARIES
total $102,943 · excluded $102,943
-
11b · Other revenue: OTHER INCOME
total $65,507 · excluded $65,507
-
11c · Other revenue: EQUITY IN BROKERAGE
total $1,846 · excluded $1,846
-
11e · Other revenue, total
$170,296
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,500
-
5 · Compensation of officers, directors and key employees
total $1,834,112
-
7 · Other salaries and wages
total $2,256,084
-
8 · Pension plan contributions
total $80,204
-
9 · Other employee benefits
total $406,247
-
10 · Payroll taxes
total $234,365
-
11b · Fees: legal
total $6,212
-
11c · Fees: accounting
total $78,175
-
11d · Fees: lobbying
total $222,875
-
11f · Fees: investment management
total $299,689
-
11g · Fees: other
total $1,340,696
-
12 · Advertising and promotion
total $283,097
-
13 · Office expenses
total $696,741
-
14 · Information technology
total $495,793
-
16 · Occupancy
total $963,166
-
17 · Travel
total $85,870
-
19 · Conferences, conventions and meetings
total $13,188
-
22 · Depreciation, depletion and amortization
total $157,939
-
23 · Insurance
total $86,106
-
24a · Other expenses: DUES/PUBLICATIONS/CONT.
total $85,338
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $19,848
-
24c · Other expenses: EXCISE TAX
total $1,880
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $596,148 · end of year $871,949
-
2 · Savings and temporary cash investments
beginning of year $2,856,765 · end of year $2,429,475
-
4 · Accounts receivable
beginning of year $4,070 · end of year $27,106
-
9 · Prepaid expenses and deferred charges
beginning of year $243,965 · end of year $174,932
-
10a · Land, buildings and equipment: cost or other basis
$2,766,016
-
10b · Land, buildings and equipment: accumulated depreciation
$2,448,975
-
10c · Land, buildings and equipment, net
beginning of year $464,232 · end of year $317,041
-
11 · Investments: publicly traded securities
beginning of year $52,087,563 · end of year $55,774,869
-
12 · Investments: other securities
beginning of year $340,195 · end of year $407,297
-
15 · Other assets
beginning of year $3,277,405 · end of year $2,496,198
-
17 · Accounts payable and accrued expenses
beginning of year $511,422 · end of year $654,916
-
19 · Deferred revenue
beginning of year $696,905 · end of year $717,039
-
25 · Other liabilities
beginning of year $3,958,828 · end of year $3,062,842
-
27 · Net assets without donor restrictions
beginning of year $54,703,188 · end of year $57,187,268
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $876,802
Mission and programs · 2024
Mission
NYAA PROVIDES SERVICES TO LANDLORDS INCLUDING COMPUTERIZED RENT REGISTRATION OF RENT STABILIZED APARTMENTS WITH THE NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL IN COMPLIANCE WITH NYS & NYC LAWS & REGULATIONS.
Activities or mission (Part I)
ADVOCATES FOR THE PROPERTY RIGHTS OF ITS MEMBERS (RENT-REGULATED PROPERTY OWNERS IN NEW YORK CITY) THROUGH LEGISLATIVE AND LEGAL ACTION, KEEPS ITS MEMBERSHIP INFORMED ON CRITICAL ISSUES THROUGH ITS NEWSLETTER, SEMINARS, WEBSITE AND OTHER OUTREACH MECHANISMS AND PROVIDES OWNERS WITH SERVICES THEY NEED, EITHER DIRECTLY OR BY REFERRAL, TO MAINTAIN AND OPERATE THEIR PROPERTIES WITHIN LEGAL REQUIREMENTS.
-
MEMBERSHIP DUES- MEMBERSHIP INCOME IS BASED ON A FEE OF $10.00 PER APARTMENT/UNIT. DUES ARE USED FOR PROVIDING INFORMATION REGARDING RENT STABILIZED APARTMENTS VIA NEWSLETTER, EMAIL & OTHER PUBLICATIONS. THE ORGANIZATION IS ACTIVE IN REPRESENTING THE INTERESTS OF OWNERS BEFORE THE STATE AND LOCAL GOVERNMENTS. NYAA SUPPLIES DATA TO THE RENT GUIDELINES BOARD IN ITS DELIBERATIONS WITH REGARD TO RENT INCREASES FOR RENT STABILIZED APARTMENTS, AND HOLDS DISCUSSIONS AND MEETINGS WITH GOVERNMENT ON TECHNICAL CHANGES AND BUILDING REGULATIONS INVOLVED WITH MEMBERS' BUILDINGS.
-
SAFETY RELATED SERVICES-WINDOW GUARD/LEAD PAINT SERVICES: THESE SERVICES CONSISTS OF MAILINGS TO OVER 400,000 TENANTS SO THAT REAL ESTATE OWNERS AND MANAGEMENT AGENTS CAN DETERMINE IF WINDOW GUARDS NEED TO BE INSTALLED IN ACCORDANCE WITH NEW YORK CITY LAW. FIRE SAFETY SERVICE: ON AN ANNUAL BASIS, ALL OWNERS OF MULTIPLE DWELLINGS MUST COMPLY WITH THE NEW YORK CITY FIRE DEPARTMENT REGULATIONS, REQUIRING OWNERS TO PREPARE AND DISTRIBUTE A FIRE SAFETY PLAN CONTAINING FIRE SAFETY AND EVACUATION PROCEDURES.ADDITIONALLY, IT IS REQUIRED FOR OWNERS TO DISTRIBUTE AND POST A FIRE SAFETY NOTICE INFORMING RESIDENTS OF PROCEDURES TO BE FOLLOWED IN THE EVENT OF A FIRE IN THE BUILDING. NYAA FIRE SAFETY SERVICES PREPARES AND DISTRIBUTES ALL REQUIRED INFORMATION, INCLUDING:-DEVELOPMENT OF A CUSTOMIZED FIRE SAFETY PLAN FOR EACH BUILDING-MAILING FIRE SAFETY PLAN TO ALL TENANTS AND BUILDING EMPLOYEES -FURNISHING APPROPRIATE FIRE SAFETY NOTICES (LONG-LASTING SELF ADHESIVE VINYL) TO BE POSTED IN INDIVIDUAL APARTMENTS-PROVIDING PROOF OF MAILING AND MEETING FOUR YEAR RECORD REQUIREMENTS
-
LEGAL FUND- THE LEGAL FUND CONSISTS OF VOLUNTARY CONTRIBUTIONS RESTRICTED TO MATTERS RELATED TO REGULATIONS AND LAWS ENACTED ON FEDERAL, STATE AND LOCAL LEVELS, AND TO ASSIST MEMBERS IN INITIATING AND APPEALING LITIGATION CLAIMS. SUCH REVENUE IS RECOGNIZED AT THE TIME WHEN CONTRIBUTIONS ARE MADE.
-
RENT REGISTRATION- THIS SERVICE PROVIDES REGISTRATION OF RENT STABILIZED APARTMENTS AND RECORD/INFORMATION RETENTION AS REQUIRED BY NEW YORK STATE DIVISION OF HOUSING & COMMITTEE RENEWAL (DHCR).LEASE RENEWAL SERVICE- NYAA SENDS OUT FORMS TO LANDLORDS FOR THE RENEWAL OF THE TENANTS' LEASES, AS SCHEDULED, PRIOR TO THE LEASE EXPIRATIONS. THE LEASES PROVIDE FOR CHOICES OF ONE AND TWO YEAR RENEWALS AND THE APPROPRIATE INCREASES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aaron SirulnickAARON SIRULNICK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.1
-
Zachary KerrZACHARY KERR
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael LaubMICHAEL LAUB
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Lennard KatzLENNARD KATZ
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
Darin GoldsteinDARIN GOLDSTEIN
OFFICER
- Total calculated
- $0
- Hours/week
- 0.1
-
Christopher AthineosCHRISTOPHER ATHINEOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jessica BaranJESSICA BARAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Lewis BarbanelLEWIS BARBANEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Daniel BenedictDANIEL BENEDICT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michelle BengelsdorfMICHELLE BENGELSDORF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Paul BrensilberPAUL BRENSILBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Helen DanielsHELEN DANIELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David DiamondDAVID DIAMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Scott DonnerSCOTT DONNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alistair EconomakisALISTAIR ECONOMAKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mark EngelMARK ENGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Matthew EngelMATTHEW ENGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jeffrey FarkasJEFFREY FARKAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Barry FishmanBARRY FISHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nathan FishmanNATHAN FISHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mario GaztambideMARIO GAZTAMBIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jason GlickJASON GLICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alexander GoldsteinALEXANDER GOLDSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Brett GreenbergBRETT GREENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Anita GuptaANITA GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Andrew HoffmanANDREW HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
John IlibassiJOHN ILIBASSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Gary JacobGARY JACOB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Bruce KafenbaumBRUCE KAFENBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jeffrey KatzJEFFREY KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael KerrMICHAEL KERR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jeffrey ManocherianJEFFREY MANOCHERIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Roger MelzerROGER MELZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Howard MilsteinHOWARD MILSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mickey NapolitanoMICKEY NAPOLITANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Robert NelsonROBERT NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jonathan OhebshalomJONATHAN OHEBSHALOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Adam ParkoffADAM PARKOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David ParksDAVID PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Oscar PerezOSCAR PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nicholas PetrasNICHOLAS PETRAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jeffrey PikusJEFFREY PIKUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jordan PlattJORDAN PLATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael RothschildMICHAEL ROTHSCHILD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Richard RubelRICHARD RUBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Barry RudofskyBARRY RUDOFSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Rocio SanzROCIO SANZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Francine SchiffFRANCINE SCHIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
William SchurWILLIAM SCHUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Matthew SchmelzerMATTHEW SCHMELZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jimmy SilberJIMMY SILBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Stephen WallachSTEPHEN WALLACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alan WassermanALAN WASSERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ardon WienerARDON WIENER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Joanna WongJOANNA WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Joseph ZitoloJOSEPH ZITOLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Laurie ZuckerLAURIE ZUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Joseph StrasburgJOSEPH STRASBURG
PRESIDENT
- Total calculated
- $810,961
- From this org
- $707,550
- From related orgs
- $0
- Other
- $103,411
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $702,798
- Bonus
- $0
- Other
- $4,752
- Deferred
- $45,850
- Nontaxable benefits
- $57,561
- Filer's total
- $810,961
-
Frank RicciFRANK RICCI
EXECUTIVE VICE PRESIDENT
- Total calculated
- $397,819
- From this org
- $343,314
- From related orgs
- $0
- Other
- $54,505
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $290,814
- Bonus
- $52,500
- Other
- $0
- Deferred
- $13,589
- Nontaxable benefits
- $40,916
- Filer's total
- $397,819
-
Kenneth BurgosKENNETH BURGOS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $303,017
- From this org
- $254,509
- From related orgs
- $0
- Other
- $48,508
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $229,509
- Bonus
- $25,000
- Other
- $0
- Deferred
- $46,000
- Nontaxable benefits
- $2,508
- Filer's total
- $303,017
-
Olga SomerasOLGA SOMERAS
GENERAL COUNSEL
- Total calculated
- $322,315
- From this org
- $290,425
- From related orgs
- $0
- Other
- $31,890
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $277,925
- Bonus
- $12,500
- Other
- $0
- Deferred
- $9,913
- Nontaxable benefits
- $21,977
- Filer's total
- $322,315
-
Maria AguasMARIA AGUAS
CONTROLLER
- Total calculated
- $248,971
- From this org
- $214,930
- From related orgs
- $0
- Other
- $34,041
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $202,430
- Bonus
- $12,500
- Other
- $0
- Deferred
- $9,077
- Nontaxable benefits
- $24,964
- Filer's total
- $248,971
-
Melody LeonMELODY LEON
ASST. CONTROLLER
- Total calculated
- $213,454
- From this org
- $176,066
- From related orgs
- $0
- Other
- $37,388
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $173,566
- Bonus
- $2,500
- Other
- $0
- Deferred
- $9,080
- Nontaxable benefits
- $28,308
- Filer's total
- $213,454
-
Michael TobmanMICHAEL TOBMAN
MARKETING DIRECTOR
- Total calculated
- $216,485
- From this org
- $176,330
- From related orgs
- $0
- Other
- $40,155
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $176,330
- Bonus
- $0
- Other
- $0
- Deferred
- $5,534
- Nontaxable benefits
- $34,621
- Filer's total
- $216,485
-
Jason MartinJASON MARTIN
SVP-EXTERNAL AFFAIRS
- Total calculated
- $231,778
- From this org
- $214,090
- From related orgs
- $0
- Other
- $17,688
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $161,590
- Bonus
- $52,500
- Other
- $0
- Deferred
- $9,610
- Nontaxable benefits
- $8,078
- Filer's total
- $231,778
-
Kelly FarrellKELLY FARRELL
POLICY ANALYST
- Total calculated
- $165,516
- From this org
- $122,353
- From related orgs
- $0
- Other
- $43,163
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $113,853
- Bonus
- $8,500
- Other
- $0
- Deferred
- $5,874
- Nontaxable benefits
- $37,289
- Filer's total
- $165,516
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
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
-
BELKIN BURDEN WENIG & GOLDMAN LLP
$15,000
GENERAL SUPPORT
-
$8,500
GENERAL SUPPORT
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.
-
NYAA PAC
527 · POLITICAL ORG · NY · controlled entity
Directly controlled by NEW YORK APARTMENT ASSOCIATION
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.
-
REALTY SYSTEMS OF AMERICA INC
C · SUPPORT SERVICES · NY · 100% owned · share of income $56,521 · share of assets $10,098 · controlled entity
Directly controlled by NEW YORK APARTMENT ASSOCIATION
-
NYAA INSURANCE BROKERAGE INC
C · INSURANCE · NY · 100% owned · share of income $388,723 · share of assets $567,879 · controlled entity
Directly controlled by NEW YORK APARTMENT ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523229349300332
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.