Royal Charter Properties
Royal Charter Properties reported $57.4 million in revenue and $57.4 million in expenses for calendar year 2024. Of every $100 it spent, $81.19 went to program services, $18.81 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.7% of the total. The highest compensation it reported for one person was $26,271,976 (BOARD OF DIRECTORS). Revenue rose 10% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $57MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $57MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $26,271,976 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 45.79% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe professional employees of newyork-presbyterian hospital's real estate department are dedicated to providing the hospital's staff, visitors, and guests the highest quality of customer service in its housing, parking and guest facility accommodations. Under the umbrella of Royal Charter Properties the staff strives to enhance the value of the real estate assets and investments that contribute to the hospital's fiscal well being
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| BOARD OF DIRECTORS Director/trustee, 0.5 hrs/week | $0 | $23,299,889 | $2,972,087 | $26,271,976 |
| GSVP, CFO & TREASURER Officer, 3.0 hrs/week | $0 | $3,178,968 | $94,408 | $3,273,376 |
| GSVP, CLO & GENERAL COUNSEL Officer, 0.5 hrs/week | $0 | $2,479,210 | $50,412 | $2,529,622 |
| PRESIDENT Officer, 9.0 hrs/week | $0 | $1,878,488 | $73,256 | $1,951,744 |
| VP AND ASS'T TREASURER Officer, 0.5 hrs/week | $0 | $1,027,556 | $88,753 | $1,116,309 |
| BOARD OF DIRECTORS (THRU 5/2024) Director/trustee, 0.1 hrs/week | $0 | $725,010 | $0 | $725,010 |
| ASS'T CORP SECRETARY Officer, 0.5 hrs/week | $0 | $584,610 | $100,478 | $685,088 |
| VP Real Estate Key employee, 29.7 hrs/week | $0 | $500,581 | $43,730 | $544,311 |
0 people received more than $100,000 in reportable compensation from Royal Charter Properties (Part VII, line 2). Compensation of current officers, directors and key employees totaled $692K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SP PLUS CORPORATION Parking service | $13,337,203 |
| LAZ PARKING Parking management services | $3,616,428 |
| ROSE PROPERTY MANAGEMENT GROUP LLC Property management services | $2,105,836 |
| TRADITIONAL WATERPROOFING & RESTORATION INC Construction services | $1,970,043 |
Individuals listed as contractors are left out. 23 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Royal Charter Properties's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Royal Charter Properties, you can publish a response that is linked from this page.
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Of every $100 Royal Charter Properties spent in 2024, $81.19 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Royal Charter Properties's spending goes to programs?
In calendar year 2024, Royal Charter Properties reported that 81.2% of its $57.4 million in expenses went to program services, 18.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Royal Charter Properties pay its top executive?
The largest total compensation Royal Charter Properties reported for one person in calendar year 2024 was $26,271,976, for the role of BOARD OF DIRECTORS (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Royal Charter Properties get its money?
Of $57.4 million in revenue in calendar year 2024, 6.2% came from contributions and grants and 91.7% from program service revenue (Form 990, Part VIII).
Is Royal Charter Properties a registered charity?
The IRS lists EIN 13-3158502 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523159349301552 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403179349302830 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323139349301307 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243139349302304 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143439349301054 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043149349304194 · read the filing
All filings for EIN 13-3158502: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.