Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME

  total $4,465,444 · related or exempt $4,465,444

• 2b · Program service revenue: REIMBURSED ADMIN. EXPEN

  total $204,730 · related or exempt $204,730

• 3 · Investment income

  total $428,254 · related or exempt $428,254

• 6a · Gross rents

  real property $1,621,174

• 6b · Less rental expenses

  real property $1,542,907

• 6c · Rental income or loss

  real property $78,267

• 6d · Net rental income or loss

  total $78,267 · excluded $78,267

• 7a · Gross sales of assets other than inventory

  other assets $7,650

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $7,650

• 7d · Net gain or loss

  total $7,650 · related or exempt $7,650

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $351,881

• 8 · Pension plan contributions

  total $160,538

• 10 · Payroll taxes

  total $210,077

• 11a · Fees: management

  total $4,885

• 11c · Fees: accounting

  total $15,154

• 11f · Fees: investment management

  total $34,476

• 11g · Fees: other

  total $2,599

• 13 · Office expenses

  total $245

• 16 · Occupancy

  total $1,662,771

• 17 · Travel

  total $10,543

• 22 · Depreciation, depletion and amortization

  total $1,113,149

• 23 · Insurance

  total $7,223

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $1,473,942

• 24b · Other expenses: SECURITY SERVICES

  total $308,887

• 24c · Other expenses: MISCELLANEOUS

  total $4,080

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $142,475 · end of year $270,216

• 2 · Savings and temporary cash investments

  beginning of year $2,021,171 · end of year $1,524,173

• 4 · Accounts receivable

  beginning of year $131,630 · end of year $185,043

• 9 · Prepaid expenses and deferred charges

  beginning of year $294,926 · end of year $353,775

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

  $59,179,723

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

  $32,519,382

• 10c · Land, buildings and equipment, net

  beginning of year $27,468,933 · end of year $26,660,341

• 11 · Investments: publicly traded securities

  beginning of year $10,443,677 · end of year $11,528,319

• 15 · Other assets

  beginning of year $0 · end of year $2,019

• 17 · Accounts payable and accrued expenses

  beginning of year $329,339 · end of year $379,236

• 25 · Other liabilities

  beginning of year $345,291 · end of year $119,174

• 27 · Net assets without donor restrictions

  beginning of year $39,828,182 · end of year $40,025,476

The filer's explanations (Part III)

PART I, LINE 4A

JOLENE DIBRANGO ENDED HER TERM EFFECTIVE APRIL 29, 2023. IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENTS REACHED AND THE ORGANIZATION'S TRANSITION POLICY, SHE RECEIVED SALARY AND BENEFITS FOR A PERIOD OF TIME BEYOND THIS DATE, TO ENSURE AN ORDERLY TRANSITION AND TO SERVE THE NEEDS OF THE ORGANIZATION.

990 SCHEDULE J, PART II, J. PHILIPPE ABRAHAM

MR. ABRAHAM WAS UNDER A COMPENSATION ARRANGEMENT FOR 2024 WHERE AN ORGANIZATION RELATED TO THE FILING ORGANIZATION PAYS A PORTION OF HIS COMPENSATION AND THE UNRELATED ORGANIZATION (UNITED UNIVERSITY PROFESSIONS) PAYS THE REMAINDER. FOR 2024, THE AMOUNT PAID TO J. PHILIPPE ABRAHAM BY THE UNITED UNIVERSITY PROFFESIONS TOTALED $180,696. THE PAYMENT INCLUDES WAGES, RETIREMENT, AND NONTAXABLE BENEFITS.

Related corporations and trusts

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

• NYSUT MEMBER BENEFITS CORPORATION

  C · CORPORATION · NY