Stony Brook Foundation Realty Inc
- Assets
- $305.6k
- Revenue
- $105.1k
- Investments
- $126.6k
- Employees
- 0
- Location
- Stony Brook, NY
- Founding
- 10/1989
- Data as of
- 06/2021
- EIN
- 11-2622814
Organization Overview
Stony Brook Foundation Realty Inc is located in Stony Brook, NY. The organization was established in 1989. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. Stony Brook Foundation Realty Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Stony Brook Foundation Realty Inc generated $105.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $998.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD REAL ESTATE FOR THE BENEFIT OF THE STONY BROOK FOUNDATION.
Describe the Organization's Program Activity:
STONY BROOK FOUNDATION REALTY, INC.'S PRIMARY EXEMPT MISSION IS TO HOLD REAL PROPERTY FOR THE BENEFIT OF THE STONY BROOK FOUNDATION. REALTY DID NOT ENGAGE IN ANY PROGRAMMATIC ACTIVITIES IN 2020, ALTHOUGH IT CONTINUES TO HOLD ONE INVESTMENT ON BEHALF OF ITS SUPPORTED ORGANIZATION, STONY BROOK FOUNDATION, INC. REALTY SOLD A RESIDENTIAL PROPERTY NEAR THE STONY BROOK UNIVERSITY CAMPUS IN FY21; THE PROCEEDS WERE DONATED BACK TO THE FOUNDATION (AND THESE AMOUNTS ARE REFLECTED IN THE PROGRAMMATIC GRANT AMOUNTS REPORTED IN LINE 4A).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Cary F Staller ESQ Chairman/trustee | OfficerTrustee | 1 | $0 |
Mr Stuart Goldstein Secretary/trustee | OfficerTrustee | 0.1 | $0 |
Mr Richard Nasti ESQ Treasurer/trustee | OfficerTrustee | 0.1 | $0 |
Mr Barry Fox Trustee | Trustee | 0.1 | $0 |
Guy-Max Delphin Trustee | Trustee | 0.1 | $0 |
Maurie Mcinnis Trustee - Ex-Officio (as Of 07/2020) | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ew Howell Co Llc Construction Svs. | 6/29/17 | $2,557,637 |
Ultimate Power Inc Construction Svs. | 6/29/17 | $638,855 |
Eldor Contracting Corporation Construction Svs. | 6/29/17 | $613,374 |
Urs Corporation Construction Svs. | 6/29/17 | $445,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,184 |
| Net Gain/Loss on Asset Sales | $70,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $929,856 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,175 |
| Fees for services: Accounting | $8,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,693 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,874 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,564 |
| All other expenses | $1,800 |
| Total functional expenses | $998,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,497 |
| Savings and temporary cash investments | $121,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $126,575 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,635 |
| Accounts payable and accrued expenses | $205,192 |
| Grants payable | $0 |
| Deferred revenue | $214,983 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $420,175 |
| Net assets without donor restrictions | -$114,540 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $305,635 |
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|---|---|---|
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |