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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations 501-507 West 42ND Street Realty Corp.

501-507 West 42ND Street Realty Corp.

Fiscal year ending 2024. Filed on October 31, 2025.

501 West 42nd Street
New York, New York 10036

501-507 West 42ND Street Realty Corp. (EIN: 13-3120148) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, 501-507 West 42ND Street Realty Corp., a 501(c)(2) title-holding organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $310,179. The highest compensated employee at 501-507 West 42ND Street Realty Corp. is Brendan Tormey with fiscal year 2024 compensation of $310,179.

Revenue, expenses, and employee compensation

Revenue

$609,855

Expenses

$590,856

Employee compensation

$95,109
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brendan Tormey
Fund Administrator
$310,179
$0 $182,337 $127,842
Randall Ment
Vice President
$0
Steven Donofrio
Treasurer
$0
Randall Rifelli
Secretary
$0
Joseph Nolan
President
$0

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Mission Statement

501-507 WEST 42ND STREET REALTY CORP WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND FOR COLLECTING INCOME THERE FROM, AND TURNING OVER THE ENTIRE AMOUNT THERE OF, LESS EXPENSES TO LOCAL 580 PENSION FUND.

Revisions to this organization profile

October 31, 2025:
2024 501-507 West 42ND Street Realty Corp. 990 filed
October 11, 2024:
2023 501-507 West 42ND Street Realty Corp. 990 filed
November 3, 2023:
2022 501-507 West 42ND Street Realty Corp. 990 filed

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