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52 Broadway Realty Corp

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Category: Unknown / Unclassified (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$13.6M (2023)

Expenses
$24.9M (2023)

Total Assets
$136M (2023)

Total Liabilities
$155M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,595,227
Expenses
$24,890,907
Net Income
-$11,295,680
Net Assets
-$18,506,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,466,101
91.7%
Investment Income $231,649
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $897,477
6.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $136,293,468
Total Liabilities $154,799,674
Net Assets -$18,506,206
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $327,736 $60,406
Debra Penny (Treasurer) $0 $114,240 $28,560
Leroy Barr (Secretary) $0 $225,870 $55,324

Document Links

Fiscal Year Ending July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,655,057
Expenses
$23,595,280
Net Income
-$8,940,223
Net Assets
-$17,117,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,636,764
93.1%
Investment Income $1,812
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,016,481
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $48,356,430
Total Liabilities $65,474,108
Net Assets -$17,117,678
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $341,368 $58,691
Debra Penny (Treasurer) $0 $101,057 $23,309
Leroy Barr (Secretary) $0 $235,497 $51,855

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,066,010
Expenses
$24,762,550
Net Income
-$9,696,540
Net Assets
-$15,943,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,328,823
88.5%
Investment Income $8,812
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,728,375
11.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $50,887,165
Total Liabilities $66,831,113
Net Assets -$15,943,948
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $338,430 $65,466
Debra Penny (Treasurer) $0 $100,216 $26,857
Leroy Barr (Secretary) $0 $233,472 $54,554

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,194,509
Expenses
$24,626,054
Net Income
-$9,431,545
Net Assets
-$14,855,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,578,214
89.4%
Investment Income $17,857
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,598,438
10.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,835,697
Total Liabilities $67,691,177
Net Assets -$14,855,480
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $344,229 $45,218
Debra Penny (Treasurer) $0 $104,668 $16,898
Leroy Barr (Secretary) $0 $237,447 $43,804

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,030,101
Expenses
$23,846,683
Net Income
-$10,816,582
Net Assets
-$13,763,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,375,380
95.0%
Investment Income $17,821
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $636,900
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,053,147
Total Liabilities $68,816,934
Net Assets -$13,763,787
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $334,444 $43,245
Melvyn Aaronson (Former Treasurer) $0 $81,274 $15,922
Howard Schoor (Former Secretary) $0 $128,296 $24,523
Debra Penny (Treasurer) $0 $101,977 $16,503
Leroy Barr (Secretary) $0 $231,543 $39,959

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,598,932
Expenses
$24,737,346
Net Income
-$13,138,414
Net Assets
-$12,691,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,019,278
95.0%
Investment Income $17,829
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $561,825
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,892,287
Total Liabilities $68,583,666
Net Assets -$12,691,379
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $292,617 $47,361
Melvyn Aaronson (Treasurer) $0 $70,743 $17,618
Howard Schoor (Secretary) $0 $125,249 $27,555

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,006,002
Expenses
$22,960,116
Net Income
-$9,954,114
Net Assets
-$11,674,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,436,344
95.6%
Investment Income $7,833
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $561,825
4.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,862,104
Total Liabilities $67,536,686
Net Assets -$11,674,582
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $288,060 $46,677
Melvyn Aaronson (Treasurer) $0 $68,056 $17,243
Howard Schoor (Secretary) $0 $122,582 $26,968

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,240,939
Expenses
$22,875,025
Net Income
-$9,634,086
Net Assets
-$10,640,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,678,950
95.8%
Investment Income $164
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $561,825
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,556,178
Total Liabilities $49,196,336
Net Assets -$10,640,158
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $277,119 $45,472
Melvin Aaronson (Treasurer) $0 $66,190 $16,599
Emil Pietromonaco (Former Secretary) $0 $217,110 $45,201
Howard Schoor (Secretary) $0 $178,052 $39,171

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,405,464
Expenses
$22,607,845
Net Income
-$10,202,381
Net Assets
-$9,649,584
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,843,521
95.5%
Investment Income $118
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $561,825
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,057,775
Total Liabilities $48,707,359
Net Assets -$9,649,584
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $267,962 $43,656
Melvin Aaronson (Treasurer) $0 $63,664 $15,980
Emil Pietromonaco (Secretary) $0 $209,977 $40,999

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,732,542
Expenses
$22,867,092
Net Income
-$10,134,550
Net Assets
-$8,679,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,170,586
95.6%
Investment Income $131
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $561,825
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,613,651
Total Liabilities $48,293,471
Net Assets -$8,679,820
Compensation
Key Employees and Officers Compensation Related Other
Michael Mulgrew (President) $0 $252,942 $46,823
Melvin Aaronson (Treasurer) $0 $59,586 $16,947
Emil Pietromonaco (Secretary) $0 $185,000 $36,987

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,902,111
Expenses
$22,057,890
Net Income
-$10,155,779
Net Assets
-$7,715,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,341,169
95.3%
Investment Income $148
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $560,794
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,067,833
Total Liabilities $46,783,024
Net Assets -$7,715,191

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,396,063
Expenses
$22,059,301
Net Income
-$7,663,238
Net Assets
-$6,765,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,742,190
74.6%
Investment Income $318
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,653,555
25.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,498,709
Total Liabilities $45,264,558
Net Assets -$6,765,849

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,893,138
Expenses
$20,754,857
Net Income
-$9,861,719
Net Assets
-$5,898,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,991,156
> 100%
Investment Income $515
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$98,533
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,328,288
Total Liabilities $44,227,132
Net Assets -$5,898,844

Document Links

Fiscal Year Ending July
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending July
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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