Compensation 990

50 Broadway Realty Corp.

Fiscal year ending 2024. Filed on June 13, 2025.

52 Broadway
New York, New York 10004

50 Broadway Realty Corp. (EIN: 02-0555262) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, 50 Broadway Realty Corp., a 501(c)(2) title-holding organization, reported compensation for 9 out of 10 total employees. Among the employees shown here, the average compensation is $242,752. The highest compensated employee at 50 Broadway Realty Corp. is Michael Mulgrew with fiscal year 2024 compensation of $414,720.

Revenue, expenses, and employee compensation

Revenue

$16,319,890

Expenses

$16,185,634

Employee compensation

$776,473
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋6.8%vs 2023
Michael Mulgrew
President
$414,720
$0 from org$342,999 from related$71,721 other
＋7.1%vs 2023
Leroy Barr
Secretary
$301,241
$0 from org$237,715 from related$63,526 other
＋3.5%vs 2023
Kevin Ridder
BLDG Maintenance
$297,591
$226,275 from orgNo related comp$71,316 other
＋0.6%vs 2023
Charles Hohmann
BLDG Maintenance
$272,511
$203,621 from orgNo related comp$68,890 other
＋9.2%vs 2023
Maurice O'Leary
BLDG Maintenance
$211,780
$151,345 from orgNo related comp$60,435 other
＋6.7%vs 2023
Frank Finamore
BLDG Maintenance
$209,409
$148,043 from orgNo related comp$61,366 other
＋3.2%vs 2020
Joseph Bosco
BLDG Maintenence
$184,523
$127,232 from orgNo related comp$57,291 other
＋20.4%vs 2023
Debra Penny
Former Treasurer
$171,995
$0 from org$143,947 from related$28,048 other
New in 2024
Victoria Lee
Treasurer
$120,994
$0 from org$97,168 from related$23,826 other

Mission Statement

WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AND OPERATING REAL PROPERTY LOCATED AT 50 BROADWAY, NEW YORK, NEW YORK ON BEHALF OF THE UNITED FEDERATION OF TEACHERS, LOCAL 2.

Revisions to this organization profile

June 13, 2025:
2024 50 Broadway Realty Corp. 990 filed
June 13, 2024:
2023 50 Broadway Realty Corp. 990 filed
June 12, 2023:
2022 50 Broadway Realty Corp. 990 filed

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