Form 990 for tax year 2024
Filed by POINT COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $3,367,041
- Total expenses
- $2,310,650
- Contributions and grants received
- $3,171,748
- Grants paid
- $0
- Program service revenue
- $50,430
- Investment income
- $45,090
- Other revenue
- $99,773
- Total assets, end of year
- $2,729,089
- Total liabilities, end of year
- $223,126
- Net assets or fund balances, end of year
- $2,505,963
- Program services expenses (Part IX)
- $1,924,206
- Management and general expenses
- $285,238
- Fundraising expenses
- $101,206
- Program service expenses (Part III)
- $1,924,206
Program services were 83.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$398,794
-
1f · All other contributions, gifts and grants
$2,772,954
-
2a · Program service revenue: Program Services
total $50,430 · related or exempt $50,430
-
3 · Investment income
total $45,090 · excluded $45,090
-
6a · Gross rents
real property $99,773
-
6c · Rental income or loss
real property $99,773
-
6d · Net rental income or loss
total $99,773 · related or exempt $99,773
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,661 · program services $74,129 · management and general $9,266 · fundraising $9,266
-
7 · Other salaries and wages
total $1,092,817 · program services $901,307 · management and general $114,015 · fundraising $77,495
-
9 · Other employee benefits
total $99,658 · program services $82,000 · management and general $10,364 · fundraising $7,294
-
10 · Payroll taxes
total $97,709 · program services $80,397 · management and general $10,161 · fundraising $7,151
-
11c · Fees: accounting
total $36,000 · management and general $36,000
-
11g · Fees: other
total $80,601 · program services $43,583 · management and general $37,018
-
13 · Office expenses
total $65,378 · program services $62,109 · management and general $3,269
-
16 · Occupancy
total $273,273 · program services $232,282 · management and general $40,991
-
17 · Travel
total $9,388 · program services $9,388
-
22 · Depreciation, depletion and amortization
total $32,507 · program services $27,631 · management and general $4,876
-
23 · Insurance
total $58,076 · program services $49,365 · management and general $8,711
-
24a · Other expenses: Program activities
total $286,019 · program services $286,019
-
24b · Other expenses: Subgrant
total $14,000 · program services $14,000
-
24c · Other expenses: Telephone online service
total $41,510 · program services $35,283 · management and general $6,227
-
24d · Other expenses: Equipment rental & maint
total $21,056 · program services $17,898 · management and general $3,158
-
24e · All other expenses
total $9,997 · program services $8,815 · management and general $1,182
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $214,990 · end of year $542,184
-
2 · Savings and temporary cash investments
beginning of year $1,003,411 · end of year $1,889,798
-
3 · Pledges and grants receivable
beginning of year $158,774 · end of year $74,468
-
4 · Accounts receivable
beginning of year $43,400 · end of year $29,734
-
10a · Land, buildings and equipment: cost or other basis
$1,329,412
-
10b · Land, buildings and equipment: accumulated depreciation
$1,136,507
-
10c · Land, buildings and equipment, net
beginning of year $225,412 · end of year $192,905
-
17 · Accounts payable and accrued expenses
beginning of year $50,607 · end of year $77,318
-
24 · Unsecured notes and loans payable
beginning of year $136,808 · end of year $136,808
-
25 · Other liabilities
beginning of year $9,000 · end of year $9,000
-
27 · Net assets without donor restrictions
beginning of year $1,221,047 · end of year $1,765,546
-
28 · Net assets with donor restrictions
beginning of year $228,525 · end of year $740,417
Mission and programs · 2024
Mission
The Organization is a community-based non-profit organization dedicated to youth development and the cultural and economic revitalization of the Hunts Point section of the Bronx, NY, through combining talents of area residents, organization and the art community.
-
Youth and After School - The Organization provides youth leadership development programs through various activities, such as after school activities, summer camps, etc. to strengthen both academic performance and character building for youths in the community.
Expenses $1,196,762
-
Arts and Others - The Organization employs media arts and entrepreneurship and energizing at-risk youths and other neighborhood residents to empower themselves with the skills necessary to remake their community and bring new energy, vibrancy, and economic growth to the community.
Expenses $727,444
As filed on the 2024 return.
Listed in Part VII
-
Maria Torres
President
- Total calculated
- $115,510
- From this org
- $92,661
- From related orgs
- $0
- Other
- $22,849
- Hours/week
- 35
-
Michael Glazebrook
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Qiana Mickie
Secretary VP
- Total calculated
- $0
- Hours/week
- 0.5
-
Leighton Wynter
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah Lee
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen Vanterpool
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Svati Lelyveld
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jodi Schnieder
Board member
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513109349302716
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