Nonprofit · EIN 13-4010424
TGM REALTY CORP 20
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $26,806,446 | $8,304,915 | $18,501,531 | $594,806,183 | $285,837,503 | $308,968,680 |
| December 31, 2023 | 990 | $27,340,918 | $8,255,475 | $19,085,443 | $571,704,376 | $282,938,897 | $288,765,479 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $114,205
- Royalties
- $1,972
- Net rental income
- $26,690,269
- Other revenue
- $26,692,241
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $43,643
- Accounting fees
- $225,245
Balance sheet and other
- Total assets, start of year
- $571,704,376
- Total assets, end of year
- $594,806,183
- Total liabilities, end of year
- $285,837,503
- Net assets, end of year
- $308,968,680
- Land, buildings and equipment
- $583,000,000
- Gross receipts
- $53,525,177
- Employees
- 0
- Year formed
- 1998
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN GOCHBERG | PRESIDENT & CEO, SOLE DIRECTOR Officer | 10 | $324,730 |
| MICHAEL G FRAZZETTA | Chief Financial Officer Officer | 10 | $320,996 |
| ZACHARY GOLDMAN | VICE PRESIDENT Officer | 10 | $315,711 |
| OZGUR TORAMAN | VICE PRESIDENT Officer | 10 | $214,766 |
| STEVEN MACY | Senior Vice President Officer | 10 | $147,116 |
| GALE MARAMBA | Corporate Scecretary Officer | 10 | $32,931 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN GOCHBERG | PRESIDENT & CEO, SOLE DIRECTOR Officer | 10 | $306,926 |
| MICHAEL G FRAZZETTA | Chief Financial Officer Officer | 10 | $303,299 |
| ZACHARY GOLDMAN | VICE PRESIDENT Officer | 10 | $298,241 |
| OZGUR TORAMAN | VICE PRESIDENT Officer | 10 | $195,002 |
| STEVEN MACY | Senior Vice President Officer | 10 | $192,173 |
| GALE MARAMBA | Corporate Scecretary Officer | 10 | $29,745 |
Address and contacts
- Address (IRS master file)
- 650 FIFTH AVENUE 28TH FLOOR, NEW YORK, NY 10019-6108
- In care of
- % TGM ASSOCIATES LP
- Principal officer (990 for 2024)
- OZ TORAMAN, 650 FIFTH AVENUE 28TH FLOOR, NEW YORK, NY 10019
- Signed the 990
- OZ TORAMAN, VP & Asst. Treasurer
- Phone
- (212) 830-9300
- Return prepared by
- KPMG LLP
Mission
OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM ("OPERS") WILL ACHIEVE ITS VISION BY ACTING IN THE BEST INTEREST OF ITS PARTICIPANTS, MAINTAINING THE FINANCIAL SECURITY OF THE TRUST FUND, AND PROVIDING EXCEPTIONAL SERVICE TO OUR MEMBERS, BENEFIT RECIPIENTS, AND EMPLOYERS.TGM REALTY CORP. #20 (THE "COMPANY") WAS FORMED TO PURCHASE, OPERATE, AND SELL MULTI-FAMILY RESIDENTIAL REAL ESTATE THROUGH ITS WHOLLY OWNED QUALIFIED SUBSIDIARIES. THE COMPANY IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO OPERS, AN ORGANIZATION WHICH IS EXEMPT FROM INCOME TAX. THE COMPANY IS WHOLLY OWNED BY OPERS.
Program accomplishments
- NOT APPLICABLE - SEE ATTACHMENT 1
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-4010424
- Tax-exempt status
- 501(c)(25): Title-holding corporation for multiple parents
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $594,806,183
- Income (IRS master file)
- $53,525,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $26,806,446 | $8,304,915 | $594,806,183 | XML |
| 990 | December 2023 | $27,340,918 | $8,255,475 | $571,704,376 | XML |
| 990 | December 2022 | $25,598,556 | $8,171,091 | $547,460,307 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4010424).
Questions about TGM REALTY CORP 20
- What is the EIN of TGM REALTY CORP 20?
- The employer identification number (EIN) of TGM REALTY CORP 20 is 13-4010424.
- Is TGM REALTY CORP 20 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(25) since 1998.
- Are donations to TGM REALTY CORP 20 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TGM REALTY CORP 20 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TGM REALTY CORP 20 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TGM REALTY CORP 20 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TGM REALTY CORP 20?
- The 990 for the year ended December 31, 2024 names OZ TORAMAN.
- Who are the officers and directors of TGM REALTY CORP 20?
- The 990 for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $324,730 (JOHN GOCHBERG, PRESIDENT & CEO, SOLE DIRECTOR).
- How much revenue does TGM REALTY CORP 20 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $26,806,446, expenses of $8,304,915 and total assets of $594,806,183 at year end.
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