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NEW WATER STREET CORP

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Public IRS 990 nonprofit record

NEW WATER STREET CORP

EIN 51-0292269 · Real Estate Associations (S47)

What they do

THE ORGANIZATION OWNS and LEASES AN OFFICE BUILDING. THE NET PROFITS ARE DISTRIBUTED for THE BENEFIT of A QUALIFIED PENSION FUND for EMPLOYEES of STATE of ALABAMA.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$56.58spent for every $100 of revenueRevenue covered expenses this year.
$6.41in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $472,759 for DANIEL PALINO (EXECUTIVE VICE-PRESIDENT,). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$221,489,213
Expenses$125,322,374
Annual surplus $96,166,839 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$221,489,213
Expenses$125,322,374
Assets$803,713,863
Income$221,489,213
Accounting fees$293,303
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DANIEL PALINOEXECUTIVE VICE-PRESIDENT, · 40 hrs/week $472,759Base $432,151 · Other $40,608
TIMOTHY SALVEMINICHIEF FINANCIAL OFFICER · 40 hrs/week $402,511Base $352,960 · Other $49,551
WILLIAM PAOLINIVICE PRESIDENT OF CONSTRUC · 40 hrs/week $264,614Base $229,950 · Other $34,664
SCOTT BRIDGWOODVICE-PRESIDENT OF OPERATIO · 40 hrs/week $248,855Base $237,868 · Other $10,987
ERIC GATCHALIANSR PROJECT MANAGER II · 40 hrs/week $241,631Base $207,678 · Other $33,953
RICHARD NEALCONTROLLER · 40 hrs/week $227,084Base $206,373 · Other $20,711
FRANK GRADYSR PROJECT MANAGER I · 40 hrs/week $225,477Base $203,503 · Other $21,974
DENNIS GOMEZCHIEF ENGINEER · 40 hrs/week $214,415
SEAN EVANSCONTROLLER · 40 hrs/week $195,439

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

DANIEL PALINOEXECUTIVE VICE-PRESIDENT,

TIMOTHY SALVEMINICHIEF FINANCIAL OFFICER

WILLIAM PAOLINIVICE PRESIDENT OF CONSTRUC

SCOTT BRIDGWOODVICE-PRESIDENT OF OPERATIO

ERIC GATCHALIANSR PROJECT MANAGER II

RICHARD NEALCONTROLLER

FRANK GRADYSR PROJECT MANAGER I

DENNIS GOMEZCHIEF ENGINEER

SEAN EVANSCONTROLLER

BRUCE W HODGES SRDIRECTOR

DR DAVID BRONNERPRESIDENT & CHAIRMAN

GEORGE PHILIPDIRECTOR

R MARC GREENDIRECTOR

THOMAS MILNEDIRECTOR

About this charity

Recognized since
January 1995
Location
55 WATER STREET - CONCOURSE LV, NEW YORK, NY 10041-0004
County
New York
In care of
% NEWW
Primary officer
TIM SALVEMINI, CHIEF FINANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
CRI ADVISORS LLC
NTEE classification
Real Estate Associations (S47)
IRS tax category
Real Estate Associations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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