New York University Real Estate Corp
New York University Real Estate Corp consistently operates at a deficit, with expenses exceeding revenue in all reported periods.
EIN: 134141728 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $4.8M |
| Transparency Score | 20/100 |
Is New York University Real Estate Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New York University Real Estate Corp
New York University Real Estate Corp (EIN: 134141728) is a nonprofit organization based in New York, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York University Real Estate Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York University Real Estate Corp is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 169.7%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-1,470,832 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -44.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2015, New York University Real Estate Corp reported a deficit of $1.5M with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2011–2015), New York University Real Estate Corp's revenue has grown at a compound annual growth rate (CAGR) of 169.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +4.2% | +7.3% | -100.0% |
| 2014 | +4.9% | +0.6% | -5.6% |
| 2013 | +2254.5% | +260.6% | -5.8% |
| 2012 | +105.7% | -1.8% | -4.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York University Real Estate 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, New York University Real Estate Corp allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation is reported across any of the five filings, suggesting that executive salaries are either covered by the parent organization, New York University, or that the entity is managed by uncompensated individuals.
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 New York University Real Estate Corp's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in all reported periods (e.g., $4,768,660 expenses vs. $3,297,828 revenue in 2015).
- Reporting $0 assets and liabilities in the latest filing (201508) for a 'real estate corp' is unusual and lacks clarity.
- Lack of detailed spending breakdown beyond top-line revenue and expenses, making program efficiency assessment difficult.
Strengths
The following positive indicators were identified for New York University Real Estate Corp:
- No reported officer compensation, which could indicate efficient use of funds if management is covered by the parent organization.
Frequently Asked Questions about New York University Real Estate Corp
Is New York University Real Estate Corp a legitimate charity?
New York University Real Estate Corp (EIN: 134141728) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 20/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does New York University Real Estate Corp spend its money?
New York University Real Estate Corp reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New York University Real Estate Corp tax-deductible?
New York University Real Estate Corp is registered as a tax-exempt nonprofit (EIN: 134141728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New York University Real Estate Corp located?
New York University Real Estate Corp is headquartered in New York, New York and files with the IRS under EIN 134141728.
How many years of IRS 990 filings does New York University Real Estate Corp have?
New York University Real Estate Corp has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why does New York University Real Estate Corp consistently report zero assets and liabilities in its most recent filing?
The consistent reporting of zero assets and liabilities in the 201508 filing, despite being a 'real estate corp,' suggests that its assets and liabilities might be consolidated under its parent organization, New York University, or that it functions as a pass-through entity without holding significant direct assets or liabilities on its own books.
Why are expenses consistently higher than revenue for this organization?
In all reported periods, expenses have exceeded revenue, indicating that the organization consistently operates at a deficit. For instance, in 2015, expenses were $4,768,660 while revenue was $3,297,828. This suggests it may be subsidized by its parent organization, New York University, to cover operational costs.
What are the specific programs or activities funded by New York University Real Estate Corp?
The provided data does not detail specific program spending. Given its name, it likely supports real estate-related activities for New York University, but without further breakdown, the exact nature of its 'programs' or operational expenses is unclear.
How does the organization cover its consistent operating deficits?
Given its consistent operating deficits (e.g., $4,768,660 in expenses vs. $3,297,828 in revenue in 2015), it is highly probable that New York University Real Estate Corp receives financial support or subsidies from its parent entity, New York University, to cover these shortfalls.
Filing History
IRS 990 filing history for New York University Real Estate Corp showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), New York University Real Estate Corp's revenue has grown by 5193%, moving from $62K to $3.3M. Total assets decreased by 100% over the same period, from $25.2M to $0. Total functional expenses rose by 282.5%, from $1.2M to $4.8M. In its most recent filing year (2015), New York University Real Estate Corp reported a deficit of $1.5M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3.3M | $4.8M | $0 | $0 | — | View 990 |
| 2014 | $3.2M | $4.4M | $21.4M | $0 | — | View 990 |
| 2013 | $3.0M | $4.4M | $22.7M | $0 | — | View 990 |
| 2012 | $128K | $1.2M | $24.1M | $0 | — | View 990 |
| 2011 | $62K | $1.2M | $25.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3.3M, expenses of $4.8M, and assets of $0 (revenue +4.2% year-over-year).
- 2014: Revenue of $3.2M, expenses of $4.4M, and assets of $21.4M (revenue +4.9% year-over-year).
- 2013: Revenue of $3.0M, expenses of $4.4M, and assets of $22.7M (revenue +2254.5% year-over-year).
- 2012: Revenue of $128K, expenses of $1.2M, and assets of $24.1M (revenue +105.7% year-over-year).
- 2011: Revenue of $62K, expenses of $1.2M, and assets of $25.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York University Real Estate Corp:
Data Sources and Methodology
This transparency report for New York University Real Estate 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.