Ardeon Realty Corp
- Assets
- $7.3m
- Revenue
- $3.2m
- Investments
- $1.4m
- Employees
- 14
- Location
- New York, NY
- Founding
- 06/1958
- Data as of
- 12/2019
- EIN
- 13-1822756
Organization Overview
Ardeon Realty Corp is located in New York, NY. The organization was established in 1958. 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. As of 12/2019, Ardeon Realty Corp employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE,OWN,LEASE,AND OPERATE REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURCHASE, OWN, LEASE AND OPERATE REAL PROPERTY FOR THE BENEFICIAL INTEREST OF 1199 SEIU UNITED HEALTHCARE WORKERS EAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armstrong Yvonne Sr. Executive Vice President | OfficerTrustee | 2.5 | $0 |
Gresham George President | OfficerTrustee | 2.5 | $0 |
Castaneda Maria Secretary Treasurer | OfficerTrustee | 2.5 | $0 |
Lucy Chen CFO | Officer | 2.5 | $0 |
Teresa Tripodi Director Of Finance | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Med-tek Contracting General Contractor | 12/30/18 | $695,059 |
Bench Mark Builders General Contractor | 12/30/18 | $363,102 |
New York Plumbing Heating Cooling Corp Plumbing And Heating Services | 12/30/18 | $671,518 |
Henrick-lane Service Corp Hvac Construction Services | 12/30/18 | $309,439 |
Paul Weiss Rifkind Wharton & Garrison Legal | 12/30/18 | $278,872 |
View All Vendors
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 | $3,082,724 |
| Investment income | $20,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,226,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $22,622 |
| Compensation of current officers, directors, key employees. | $22,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,024,797 |
| Pension plan accruals and contributions | $108,078 |
| Other employee benefits | $244,126 |
| Payroll taxes | $57,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,213 |
| Fees for services: Accounting | $6,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,601 |
| Advertising and promotion | $0 |
| Office expenses | $209,259 |
| Information technology | $16,143 |
| Royalties | $0 |
| Occupancy | $1,693,482 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319,333 |
| Insurance | $105,915 |
| All other expenses | $0 |
| Total functional expenses | $3,845,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,849 |
| Savings and temporary cash investments | $1,405,918 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,714 |
| 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 | $456,030 |
| Net Land, buildings, and equipment | $3,698,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,405,950 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,183 |
| Total assets | $7,285,181 |
| Accounts payable and accrued expenses | $202,368 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,967,420 |
| Total liabilities | $9,169,788 |
| Net assets without donor restrictions | -$1,884,607 |
| 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 | $7,285,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Florida Property Holding Corp Harrisburg, PA | $277,286,380 | $20,498,975 |
Tgm Realty Corp 20 New York, NY | $426,571,511 | $21,537,949 |
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
1015 15th Street Inc Princeton, NJ | $133,947,850 | $8,160,532 |
121 W Chestnut Associates Inc Boston, MA | $87,927,359 | $7,153,735 |
Cil Realty Inc Hartford, CT | $187,229,466 | $8,595,532 |
Greater Boston Real Estate Board Boston, MA | $8,655,666 | $5,531,696 |
Mpt Facility Newark, NJ | $27,628,033 | $2,518,217 |
330 North Brand Inc Hartford, CT | $100,545,644 | $7,613,918 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $18,878,092 | $6,860,468 |
Massachusetts Association Of Realtors Inc Waltham, MA | $12,325,659 | $4,967,439 |
Ardeon Realty Corp New York, NY | $7,285,181 | $3,226,327 |