52 Broadway Realty Corp
52 Broadway Realty Corp consistently operates at a significant deficit, with liabilities exceeding assets in recent years.
EIN: 20555237 · New York, NY · NTEE: Z99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $24.9M |
| Net Assets | $-18,506,206 |
| Transparency Score | 20/100 |
Is 52 Broadway Realty Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 52 Broadway Realty Corp
52 Broadway Realty Corp (EIN: 20555237) is a nonprofit organization based in New York, NY, classified under NTEE code Z99. The organization reported total revenue of $12.1M and total assets of $136.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 52 Broadway Realty Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
52 Broadway Realty Corp is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.6M |
| Total Expenses | $24.9M |
| Surplus / Deficit | $-11,295,680 |
| Total Assets | $136.3M |
| Total Liabilities | $154.8M |
| Net Assets | $-18,506,206 |
| Operating Margin | -83.1% |
| Debt-to-Asset Ratio | 113.6% |
| Months of Reserves | 65.7 months |
Financial Health Grade: C
In 2023, 52 Broadway Realty Corp reported a deficit of $11.3M with expenses exceeding revenue, holds 65.7 months of operating reserves (strong position), has a debt-to-asset ratio of 113.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 52 Broadway Realty Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | +5.5% | +181.9% |
| 2022 | -2.7% | -4.7% | -5.0% |
| 2021 | -0.8% | +0.6% | -3.7% |
| 2020 | +16.6% | +3.3% | -4.0% |
| 2019 | +12.3% | -3.6% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 52 Broadway Realty Corp with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, 52 Broadway Realty Corp allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either that no officers receive compensation or that it is reported in a different section not provided, which is a positive sign for transparency regarding direct officer salaries.
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 52 Broadway Realty Corp's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $11M deficit in 2023)
- NTEE code Z99 (Unknown) prevents mission assessment
- Liabilities consistently exceed assets in recent periods (e.g., $154.7M liabilities vs. $136.2M assets in 2023)
- Dramatic, unexplained increase in both assets and liabilities in the latest filing period
Strengths
The following positive indicators were identified for 52 Broadway Realty Corp:
- Consistent reporting of 0% officer compensation, indicating transparency in this area
Frequently Asked Questions about 52 Broadway Realty Corp
Is 52 Broadway Realty Corp a legitimate charity?
52 Broadway Realty Corp (EIN: 20555237) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 20/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.1M. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does 52 Broadway Realty Corp spend its money?
52 Broadway Realty Corp reported $12.1M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 52 Broadway Realty Corp tax-deductible?
52 Broadway Realty Corp is registered as a tax-exempt nonprofit (EIN: 20555237). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does 52 Broadway Realty Corp compare to similar nonprofits?
With a transparency score of 20/100 (Poor), 52 Broadway Realty Corp is below average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 52 Broadway Realty Corp located?
52 Broadway Realty Corp is headquartered in New York, New York and files with the IRS under EIN 20555237. It is classified under NTEE code Z99.
How many years of IRS 990 filings does 52 Broadway Realty Corp have?
52 Broadway Realty Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.1M in total revenue.
What is the actual mission of 52 Broadway Realty Corp, given its NTEE code Z99?
The NTEE code Z99 indicates 'Unknown' or 'Not Applicable', making it impossible to determine the organization's specific mission from the provided data. This lack of clarity significantly hinders an assessment of its charitable purpose and impact.
Why does 52 Broadway Realty Corp consistently incur significant operating deficits?
The organization consistently reports expenses far exceeding revenue (e.g., $24.8M expenses vs. $13.5M revenue in 2023). This suggests a reliance on other funding sources, a specific financial model not fully detailed in these figures, or a persistent financial challenge that needs to be addressed.
What caused the dramatic increase in assets and liabilities between 2022 and 2023?
Assets increased from $48.3M to $136.2M and liabilities from $65.4M to $154.7M in the latest period. This significant shift warrants investigation into potential large-scale investments, property acquisitions, or debt restructuring that dramatically altered the balance sheet.
How does 52 Broadway Realty Corp cover its consistent operating deficits?
With expenses consistently higher than revenue, the organization must be covering these deficits through other means, such as drawing down reserves, taking on debt, or receiving significant non-revenue contributions not detailed in the provided revenue figures. The increasing liabilities suggest debt may be a factor.
Filing History
IRS 990 filing history for 52 Broadway Realty Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 52 Broadway Realty Corp's revenue has grown by 24.8%, moving from $10.9M to $13.6M. Total assets increased by 255.6% over the same period, from $38.3M to $136.3M. Total functional expenses rose by 19.9%, from $20.8M to $24.9M. In its most recent filing year (2023), 52 Broadway Realty Corp reported a deficit of $11.3M, with expenses exceeding revenue. The organization holds $154.8M in liabilities against $136.3M in assets (debt-to-asset ratio: 113.6%), resulting in net assets of $-18,506,206.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.6M | $24.9M | $136.3M | $154.8M | — | View 990 |
| 2022 | $14.7M | $23.6M | $48.4M | $65.5M | — | View 990 |
| 2021 | $15.1M | $24.8M | $50.9M | $66.8M | — | View 990 |
| 2020 | $15.2M | $24.6M | $52.8M | $67.7M | — | — |
| 2019 | $13.0M | $23.8M | $55.1M | $68.8M | — | View 990 |
| 2018 | $11.6M | $24.7M | $55.9M | $68.6M | — | View 990 |
| 2017 | $13.0M | $23.0M | $55.9M | $67.5M | — | View 990 |
| 2016 | $13.2M | $22.9M | $38.6M | $49.2M | — | View 990 |
| 2015 | $12.4M | $22.6M | $39.1M | $48.7M | — | View 990 |
| 2014 | $12.7M | $22.9M | $39.6M | $48.3M | — | View 990 |
| 2013 | $11.9M | $22.1M | $39.1M | $46.8M | — | View 990 |
| 2012 | $14.4M | $22.1M | $38.5M | $45.3M | — | View 990 |
| 2011 | $10.9M | $20.8M | $38.3M | $44.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.6M, expenses of $24.9M, and assets of $136.3M (revenue -7.2% year-over-year).
- 2022: Revenue of $14.7M, expenses of $23.6M, and assets of $48.4M (revenue -2.7% year-over-year).
- 2021: Revenue of $15.1M, expenses of $24.8M, and assets of $50.9M (revenue -0.8% year-over-year).
- 2020: Revenue of $15.2M, expenses of $24.6M, and assets of $52.8M (revenue +16.6% year-over-year).
- 2019: Revenue of $13.0M, expenses of $23.8M, and assets of $55.1M (revenue +12.3% year-over-year).
- 2018: Revenue of $11.6M, expenses of $24.7M, and assets of $55.9M (revenue -10.8% year-over-year).
- 2017: Revenue of $13.0M, expenses of $23.0M, and assets of $55.9M (revenue -1.8% year-over-year).
- 2016: Revenue of $13.2M, expenses of $22.9M, and assets of $38.6M (revenue +6.7% year-over-year).
- 2015: Revenue of $12.4M, expenses of $22.6M, and assets of $39.1M (revenue -2.6% year-over-year).
- 2014: Revenue of $12.7M, expenses of $22.9M, and assets of $39.6M (revenue +7.0% year-over-year).
- 2013: Revenue of $11.9M, expenses of $22.1M, and assets of $39.1M (revenue -17.3% year-over-year).
- 2012: Revenue of $14.4M, expenses of $22.1M, and assets of $38.5M (revenue +32.2% year-over-year).
- 2011: Revenue of $10.9M, expenses of $20.8M, and assets of $38.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 52 Broadway Realty Corp:
Data Sources and Methodology
This transparency report for 52 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.