Royal Charter Properties - East Inc
95% goes to programs Thin reserves Growing revenue
Royal Charter Properties - East Inc is a 501(c)(3) organization based in New York, New York, registered in 1983, with $83,100,199 in FY2024 revenue. CharityIndex grades it C+, and it directs about 95% of spending to programs.
525 East 68th Street Box 156, New York, NY, 10065 EIN 13-3158496 Since 1983
Revenue (FY2024)
$83.1M
▲ 3.4% vs prior year
Health median: $840K
Expenses (FY2024)
$82.1M
Net assets
-$5.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Royal Charter Properties - East Inc: 95% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Royal Charter Properties - East Inc: 0 mo reserves · +1% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Royal Charter Properties - East Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Royal Charter Properties - East Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To acquire and hold direct and indirect interest in real estate and to collect income to be applied exclusively to charitable, educational and scientific purposes.
Contact & location
- Address
- 525 East 68th Street Box 156, New York, NY, 10065
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $75.3M (FY2016) to $83.1M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $205.6MNet assets -$5.3M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$200.2M
Total liabilities
$205.6M
Net assets
-$5.3M
Salaries & benefits
$1.6M
2% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $83,100,199▲3.4% | $82,067,769▲3.4% | -$5,329,787▲20.4% | $200,242,631▼0.1% | 990 |
| 2023 | $80,394,082▲18.9% | $79,361,901▲19.2% | -$6,697,987▼22.9% | $200,354,678▼3.3% | 990 |
| 2022 | $67,619,567▲11.0% | $66,588,162▲11.2% | -$5,450,180▲36.1% | $207,156,242▼2.6% | 990 |
| 2021 | $60,926,484▼12.3% | $59,894,147▼12.5% | -$8,524,936▲14.9% | $212,621,601▼3.4% | 990 |
| 2020 | $69,468,303▼3.7% | $68,436,360▼3.7% | -$10,017,054▲14.5% | $220,165,351▲0.2% | 990 |
| 2019 | $72,114,612▲0.4% | $71,081,546▲0.4% | -$11,717,525▲1.8% | $219,648,305▼1.9% | 990 |
| 2018 | $71,848,030▼3.5% | $70,816,151▼1.9% | -$11,937,533▲2.7% | $223,823,737▼2.5% | 990 |
| 2017 | $74,492,390▼1.1% | $72,163,857▼2.8% | -$12,265,017▲3.5% | $229,553,922▼0.7% | 990 |
| 2016 | $75,298,066 | $74,266,830 | -$12,710,485 | $231,206,101 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bruce A Beal Jr | Board of Directors | 0.1 | — |
| Harrison T Lefrak | Board of Directors | 0.1 | — |
| Herbert Pardes | Board of Directors (thru 5/2024) | 0.1 | — |
| Jeffrey A Harris | Vice Chairman | 0.3 | — |
| John V Campano | Ass't Corp Secretary | 0.5 | — |
| Joseph A Ienuso | President | 9 | — |
| Kenrick T Ou | Vp Real Estate | 29.7 | — |
| Leonard A Wilf | Board of Directors | 0.1 | — |
| Marie Kupfer | Guest Facilities Manager | 35 | — |
| Mary Beth Claus | Gsvp, Clo & General Counsel | 0.5 | — |
| Mary Braunsdorf | Ass't Corp Secretary | 0.5 | — |
| Melissa E Welch | Corporate Secretary | 0.5 | — |
| Michael P Breslin | Gsvp, Cfo & Treasurer | 3 | — |
| Peter S Kalikow | Chairman Emeritus | 0.1 | — |
| Philip Milstein | Board of Directors | 0.1 | — |
| Raymond J Mcguire | Board of Directors | 0.1 | — |
| Richard Einwechter | Vp and Ass't Treasurer | 0.5 | — |
| Rob J Speyer | Chairman | 0.3 | — |
| Steven J Corwin | Board of Directors | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cushman & Wakefield | Property Management Services | $10,447,084 |
| American Residential Contractors Ltd | Construction Services | $3,289,314 |
| Laz Parking | Parking Services | $2,210,116 |
| V Cloud Painting and Contracting Corp | General Construction Services | $2,000,864 |
| Matrix Mechanical Corp | General Construction Services | $1,724,913 |
Grants made · $35.8M in FY2024
1 grant totaling $35.8M in FY2024. All grants made by Royal Charter Properties - East Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The New York and Presbyterian Hospital | Support | $35,754,000 |
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Compare Royal Charter Properties - East Inc
Frequently asked questions
- Is Royal Charter Properties - East Inc a legitimate nonprofit?
- Yes. Royal Charter Properties - East Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3158496, based in New York, New York. Donations are tax-deductible.
- What is Royal Charter Properties - East Inc's EIN?
- Royal Charter Properties - East Inc's Employer Identification Number (EIN) is 13-3158496.
- How much revenue does Royal Charter Properties - East Inc report?
- Royal Charter Properties - East Inc reported $83,100,199 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Royal Charter Properties - East Inc's spending goes to programs?
- Royal Charter Properties - East Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Royal Charter Properties - East Inc have?
- CharityIndex grades Royal Charter Properties - East Inc C+, based on program efficiency and fundraising cost.
- How much does Royal Charter Properties - East Inc's highest-paid employee make?
- The highest reported compensation on Royal Charter Properties - East Inc's latest Form 990 is $0, paid to Bruce A Beal Jr (Board of Directors).
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Data for Royal Charter Properties - East Inc (EIN 13-3158496) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.