50 Broadway Realty Corp

50 Broadway Realty Corp consistently manages substantial real estate assets with zero reported officer compensation.

EIN: 20555262 · New York, NY · NTEE: Z99 · Updated: 2026-03-28

$19.3MRevenue

$97.5MAssets

85/100Mission Score (Excellent)

Z99

About 50 Broadway Realty Corp

50 Broadway Realty Corp (EIN: 20555262) is a nonprofit organization based in New York, NY, classified under NTEE code Z99. The organization reported total revenue of $19.3M and total assets of $97.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 50 Broadway Realty Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

50 Broadway Realty Corp appears to be a supporting organization, as indicated by its NTEE code Z99 and its financial structure. Its primary function seems to be holding and managing real estate assets, with consistent revenue streams largely covering expenses over the past decade. The organization consistently reports zero officer compensation, which is a notable aspect of its financial management and transparency. While its assets have fluctuated, they remain substantial, indicating a stable financial base. The organization's consistent filing of IRS Form 990s demonstrates a commitment to transparency regarding its financial operations.

Given its nature as a realty corporation, the traditional metrics of program spending efficiency for direct charitable services may not directly apply. Instead, its efficiency would be measured by its ability to maintain and manage its assets effectively to support its parent or supported organization. The consistent positive net income in most years, such as $678,786 in 2023 and $860,852 in 2022, suggests sound financial management in generating revenue exceeding operational costs. The organization's liabilities are significant, but appear to be managed in relation to its substantial asset base.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates 50 Broadway Realty Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, 50 Broadway Realty Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its executives or board members are not compensated directly through the organization's funds. This suggests a volunteer-led or externally compensated leadership structure, which is a strong positive for financial efficiency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of 50 Broadway Realty Corp's IRS 990 filings:

NTEE code Z99 provides limited insight into specific charitable activities without further investigation.

Strengths

The following positive indicators were identified for 50 Broadway Realty Corp:

Consistent positive net income in most years (e.g., $678,786 in 2023, $860,852 in 2022), indicating financial stability.
Zero reported officer compensation across all filings, suggesting high efficiency in leadership costs.
Substantial and stable asset base (e.g., $100,547,151 in 2023), providing a strong financial foundation.
Consistent filing of IRS Form 990s, demonstrating transparency.

Frequently Asked Questions about 50 Broadway Realty Corp

What is the specific mission or purpose of 50 Broadway Realty Corp, given its NTEE code Z99?

The NTEE code Z99 indicates 'Other' or 'Unknown' category, often used for supporting organizations. To understand its specific mission, one would need to examine its articles of incorporation or the 990's Schedule R (Related Organizations) to identify the organization it supports.

How does 50 Broadway Realty Corp's asset management contribute to its overall charitable purpose?

As a realty corporation, its asset management likely involves maintaining and potentially leasing property. The revenue generated from these activities (e.g., $16,262,421 in 2023) would then be used to support a related exempt organization, making its real estate operations integral to its charitable function.

Why does the organization consistently report zero officer compensation?

Zero officer compensation could mean that the officers are volunteers, or they are compensated by a related organization that 50 Broadway Realty Corp supports, rather than directly by this entity. This is a positive indicator for financial efficiency.

Filing History

IRS 990 filing history for 50 Broadway Realty Corp showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), 50 Broadway Realty Corp's revenue has grown by 40.8%, moving from $11.6M to $16.3M. Total assets increased by 24.7% over the same period, from $80.6M to $100.5M. Total functional expenses rose by 41.7%, from $11.0M to $15.6M. In its most recent filing year (2023), 50 Broadway Realty Corp reported a surplus of $679K, with revenue exceeding expenses. The organization holds $81.8M in liabilities against $100.5M in assets (debt-to-asset ratio: 81.3%), resulting in net assets of $18.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$16.3M	$15.6M	$100.5M	$81.8M	—	View 990
2022	$16.2M	$15.3M	$103.8M	$85.8M	—	View 990
2021	$16.5M	$16.7M	$106.6M	$89.3M	—	—
2020	$16.5M	$15.3M	$108.5M	$90.9M	—	—
2019	$17.7M	$16.4M	$112.0M	$95.7M	—	View 990
2018	$13.9M	$15.7M	$110.9M	$96.0M	—	View 990
2017	$13.7M	$13.8M	$113.5M	$97.0M	—	—
2016	$14.1M	$13.0M	$77.8M	$61.2M	—	View 990
2015	$13.8M	$13.3M	$78.8M	$63.2M	—	View 990
2014	$13.6M	$13.0M	$80.2M	$65.0M	—	View 990
2013	$12.6M	$11.5M	$79.7M	$65.1M	—	View 990
2012	$11.9M	$14.0M	$78.3M	$64.8M	—	View 990
2011	$11.6M	$11.0M	$80.6M	$64.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $16.3M, expenses of $15.6M, and assets of $100.5M (revenue +0.5% year-over-year).
2022: Revenue of $16.2M, expenses of $15.3M, and assets of $103.8M (revenue -1.8% year-over-year).
2021: Revenue of $16.5M, expenses of $16.7M, and assets of $106.6M (revenue -0.2% year-over-year).
2020: Revenue of $16.5M, expenses of $15.3M, and assets of $108.5M (revenue -6.7% year-over-year).
2019: Revenue of $17.7M, expenses of $16.4M, and assets of $112.0M (revenue +27.7% year-over-year).
2018: Revenue of $13.9M, expenses of $15.7M, and assets of $110.9M (revenue +1.3% year-over-year).
2017: Revenue of $13.7M, expenses of $13.8M, and assets of $113.5M (revenue -2.6% year-over-year).
2016: Revenue of $14.1M, expenses of $13.0M, and assets of $77.8M (revenue +2.2% year-over-year).
2015: Revenue of $13.8M, expenses of $13.3M, and assets of $78.8M (revenue +1.1% year-over-year).
2014: Revenue of $13.6M, expenses of $13.0M, and assets of $80.2M (revenue +8.3% year-over-year).
2013: Revenue of $12.6M, expenses of $11.5M, and assets of $79.7M (revenue +6.0% year-over-year).
2012: Revenue of $11.9M, expenses of $14.0M, and assets of $78.3M (revenue +2.6% year-over-year).
2011: Revenue of $11.6M, expenses of $11.0M, and assets of $80.6M.

Data Sources and Methodology

This transparency report for 50 Broadway Realty Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.