← EVERGREEN INC-YOUR NORTH BROOKLYN BUSINESS EXCHANGE

Form 990 for tax year 2022

Filed by EVERGREEN INC-YOUR NORTH BROOKLYN BUSINESS EXCHANGE.

Totals

Total revenue: $1,794,685
Total expenses: $1,285,460
Contributions and grants received: $1,354,346
Grants paid: $0
Program service revenue: $394,098
Investment income: $0
Other revenue: $46,241
Total assets, end of year: $12,307,218
Total liabilities, end of year: $1,789,401
Net assets or fund balances, end of year: $10,517,817
Program services expenses (Part IX): $1,053,855
Management and general expenses: $204,404
Fundraising expenses: $27,201
Program service expenses (Part III): $1,053,855

Program services were 82.0% 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.

1b · Membership dues

$28,400
1c · Fundraising events

$109,875
1e · Government grants (contributions)

$1,015,871
1f · All other contributions, gifts and grants

$200,200
2a · Program service revenue: RENTAL INCOME

total $350,098 · related or exempt $350,098
2b · Program service revenue: FEE FOR SERVICE INCOME

total $44,000 · related or exempt $44,000
8a · Fundraising events: gross income

$42,635
8a · Fundraising events: contributions included on line 1c

$109,875
8b · Fundraising events: direct expenses

$42,635
8c · Net income from fundraising events

total $0
11a · Other revenue: OTHER INCOME

total $46,241 · excluded $46,241
11e · Other revenue, total

$46,241

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $128,511 · program services $108,250 · management and general $20,261
7 · Other salaries and wages

total $319,609 · program services $264,665 · management and general $54,944
8 · Pension plan contributions

total $16,902 · program services $14,063 · management and general $2,839
9 · Other employee benefits

total $60,902 · program services $50,606 · management and general $10,296
10 · Payroll taxes

total $33,842 · program services $28,158 · management and general $5,684
11c · Fees: accounting

total $88,389 · program services $44,338 · management and general $44,051
11g · Fees: other

total $24,077 · program services $21,767 · management and general $2,310
13 · Office expenses

total $22,523 · program services $18,741 · management and general $3,782
14 · Information technology

total $7,580 · program services $6,307 · management and general $1,273
16 · Occupancy

total $98,697 · program services $93,718 · management and general $4,979
17 · Travel

total $9,375 · management and general $9,375
20 · Interest

total $53,063 · program services $53,063
22 · Depreciation, depletion and amortization

total $273,896 · program services $273,896
23 · Insurance

total $86,536 · program services $72,001 · management and general $14,535
24a · Other expenses: EVENT EXPENSES

total $27,201 · fundraising $27,201
24b · Other expenses: OTHER EPENSES

total $19,487 · program services $2,694 · management and general $16,793
24c · Other expenses: REPAIRS AND MAINTENANCE

total $7,155 · program services $1,588 · management and general $5,567
24d · Other expenses: DUES AND SUBSCRIPTIONS

total $5,852 · management and general $5,852
24e · All other expenses

total $1,863 · management and general $1,863

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $73,879 · end of year $51,925
2 · Savings and temporary cash investments

beginning of year $85,302 · end of year $85,286
3 · Pledges and grants receivable

beginning of year $137,142 · end of year $63,367
4 · Accounts receivable

beginning of year $17,050 · end of year $13,211
9 · Prepaid expenses and deferred charges

beginning of year $34,226 · end of year $41,682
10a · Land, buildings and equipment: cost or other basis

$14,392,771
10b · Land, buildings and equipment: accumulated depreciation

$2,341,024
10c · Land, buildings and equipment, net

beginning of year $12,143,659 · end of year $12,051,747
17 · Accounts payable and accrued expenses

beginning of year $503,287 · end of year $189,191
19 · Deferred revenue

beginning of year $2,900 · end of year $6,374
21 · Escrow or custodial account liability

beginning of year $35,944 · end of year $47,556
23 · Secured mortgages and notes payable

beginning of year $1,940,535 · end of year $1,546,280
27 · Net assets without donor restrictions

beginning of year $3,588,592 · end of year $3,542,950
28 · Net assets with donor restrictions

beginning of year $6,420,000 · end of year $6,974,867

Mission and programs · 2022

Mission

EVERGREEN INC. IS A MEMBERSHIP ORGANIZATION THAT PROMOTES THE DEVELOPMENT RETENTION OF PRODUCTION, MANUFACTURING AND INDUSTRIAL SERVICE BUSINESSES THUS IMPROVING NEIGHBORHOODS IN NORTH BROOKLYN AND SURROUNDING COMMUNITIES BY CONNECTING (CONTINUE ON SCHEDULE O) BUSINESSES WITH RESOURCES AND OPPORTUNITIES TO MAXIMIZE THEIR COMPETITIVE ADVANTAGE IN THE MARKETPLACE.

Activities or mission (Part I)

INDUSTRIAL AND NEIGHBORHOOD DEVELOPMENT AND REVITALIZATION

IN 2022 EVERGREEN'S MOST RECENT DEVELOPMENT AT 500 STAGG STREET, A 10,000 SQUARE FOOT INDUSTRIAL WAREHOUSE BUILDING IN EAST WILLIAMSBURG BECAME FULLY TENANTED. IN 2022, EVERGREEN RENTED MANUFACTURING AND INDUSTRIAL RENTAL REAL ESTATE TO SIX SMALL BUSINESSES AT A SUBSIDIZED RATE TO PRESERVE MANUFACTURING AND INDUSTRY IN NORTH BROOKLYN.

Expenses $608,631 · Revenue $350,098
IN 2022 EVERGREEN STAFF SERVED 185 INDIVIDUAL BUSINESSES. BUSINESS CLIENTS LOOKED TO EVERGREEN FOR A WIDE VARIETY OF SERVICES; THE MOST FREQUENTLY REQUESTED SERVICES WERE BUSINESS PLANNING AND ASSISTANCE ACCESSING FINANCING AND INCENTIVES. EVERGREEN WAS ABLE TO HELP SIX LOCAL FIRMS APPLY FOR 23 DIFFERENT INCENTIVES. TWENTY-NINE FIRMS SENT 32 ATTENDEES TO OUR INFORMATIONAL WORKSHOPS AND MULTI-WEEK SEMINARS. ONE HUNDRED FORTY-TWO FIRMS RECEIVED ONE-ON-ONE ASSISTANCE FROM EVERGREEN STAFF ON OVER 198 ISSUES. EVERGREEN HELPED 47 BUSINESSES QUALIFY FOR 47 LOANS AND GRANTS FOR A TOTAL OF $525,000 IN FINANCING, PREDOMINANTLY FOR ONGOING PANDEMIC RECOVERY AND WORKING CAPITAL. SINCE 2007, OUR STAFF HAS HELPED LOCAL BUSINESSES OBTAIN $62,122,523 IN FINANCING. IN 2022 EVERGREEN HELPED 23 (CONTINUE ON SCHEDULE O) BROOKLYN BUSINESSES WITH 24 REAL ESTATE INQUIRIES.

Expenses $445,224 · Revenue $44,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Tod GreenfieldTOD GREENFIELD

CHAIRMAN

Total calculated

$0

Hours/week

1
Joe Robles JrJOE ROBLES JR

PRESIDENT

Total calculated

$0

Hours/week

1
Armando C ChapelliquenARMANDO C CHAPELLIQUEN

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Ernie WongERNIE WONG

SECRETARY

Total calculated

$0

Hours/week

1
Wesley WatsonWESLEY WATSON

TREASURER

Total calculated

$0

Hours/week

1
Gina ArgentoGINA ARGENTO

MEMBER

Total calculated

$0

Hours/week

1
Jen DurbinJEN DURBIN

MEMBER

Total calculated

$0

Hours/week

1
Taylor ErkkinenTAYLOR ERKKINEN

MEMBER

Total calculated

$0

Hours/week

1
Stephanie GitlinSTEPHANIE GITLIN

MEMBER (FORMER)

Total calculated

$0

Hours/week

1
Grady LairdGRADY LAIRD

MEMBER

Total calculated

$0

Hours/week

1
Lucky LeeLUCKY LEE

MEMBER

Total calculated

$0

Hours/week

1
Jose LeonJOSE LEON

MEMBER

Total calculated

$0

Hours/week

1
Dean MorelliDEAN MORELLI

MEMBER

Total calculated

$0

Hours/week

1
Zachary WeinerZACHARY WEINER

MEMBER (FORMER)

Total calculated

$0

Hours/week

1
Winston WhiteWINSTON WHITE

MEMBER (FORMER)

Total calculated

$0

Hours/week

1
Sandy WienerSANDY WIENER

MEMBER

Total calculated

$0

Hours/week

1
Daniel SklaarDANIEL SKLAAR

MEMBER

Total calculated

$0

Hours/week

1
Leah ArchibaldLEAH ARCHIBALD

EXECUTIVE DIR.

Total calculated

$140,970

From this org

$134,560

From related orgs

$0

Other

$6,410

Hours/week

35

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

NORTH BROOKLYN INDUSTRIAL CENTER LLC

INDUSTRIAL SPACE RENTAL · NY · income $321,603 · assets $5,065,602

Directly controlled by EVERGREEN INC
500 STAGG STREET LLC

INDUSTRIAL SPACE RENTAL · NY · income $856,570 · assets $7,030,680

Directly controlled by EVERGREEN INC

Provenance

Return type: form_990
Tax year: 2022
Filed: 2 November 2023
IRS schema version: 2022v5.0
Source object: 202313069349301311

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