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Nonprofiteer
← HOUSING WORKS USED BOOK CAFE INC

Form 990 for tax year 2022

Filed by HOUSING WORKS USED BOOK CAFE INC.

Totals

Total revenue
$1,920,112
Total expenses
$1,965,923
Contributions and grants received
$1,624,668
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$295,444
Total assets, end of year
$5,772,851
Total liabilities, end of year
$8,347,126
Net assets or fund balances, end of year
-$2,574,275
Program services expenses (Part IX)
$1,933,741
Management and general expenses
$32,182
Fundraising expenses
$0
Program service expenses (Part III)
$1,933,741

Program services were 98.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,624,668

  • 1g · Noncash contributions included above

    $1,398,683

  • 6a · Gross rents

    real property $329,443

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $329,443

  • 6d · Net rental income or loss

    total $329,443 · unrelated business $13,193 · excluded $316,250

  • 10a · Gross sales of inventory

    $896,655

  • 10b · Cost of goods sold

    $957,384

  • 10c · Net income from sales of inventory

    total -$60,729 · related or exempt -$60,729

  • 11d · All other revenue

    total $26,730 · related or exempt $26,730

  • 11e · Other revenue, total

    $26,730

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $533,028 · program services $500,846 · management and general $32,182

  • 11b · Fees: legal

    total $2,027 · program services $2,027

  • 11c · Fees: accounting

    total $96 · program services $96

  • 11g · Fees: other

    total $230,206 · program services $230,206

  • 12 · Advertising and promotion

    total $22,093 · program services $22,093

  • 13 · Office expenses

    total $207,572 · program services $207,572

  • 14 · Information technology

    total $21,171 · program services $21,171

  • 16 · Occupancy

    total $730,132 · program services $730,132

  • 20 · Interest

    total $29,582 · program services $29,582

  • 22 · Depreciation, depletion and amortization

    total $31,470 · program services $31,470

  • 23 · Insurance

    total $18,726 · program services $18,726

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $123,180 · program services $123,180

  • 24b · Other expenses: STAFF EXPENSE

    total $3,546 · program services $3,546

  • 24c · Other expenses: CLIENT STIPEND

    total $547 · program services $547

  • 24e · All other expenses

    total $12,547 · program services $12,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,007 · end of year $134,462

  • 8 · Inventories for sale or use

    beginning of year $1,049,233 · end of year $1,559,035

  • 9 · Prepaid expenses and deferred charges

    end of year $61,034

  • 10a · Land, buildings and equipment: cost or other basis

    $211,822

  • 10b · Land, buildings and equipment: accumulated depreciation

    $120,635

  • 10c · Land, buildings and equipment, net

    beginning of year $68,185 · end of year $91,187

  • 14 · Intangible assets

    end of year $3,927,133

  • 15 · Other assets

    beginning of year $4,296,182 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $352,279 · end of year $170,313

  • 25 · Other liabilities

    beginning of year $7,765,792 · end of year $8,176,813

  • 27 · Net assets without donor restrictions

    beginning of year -$2,528,464 · end of year -$2,574,275

Mission and programs · 2022

Mission

HOUSING WORKS USED BOOK CAFE, INC. IS A USED BOOKSTORE, LITERARY HUB AND CONCERT VENUE LOCATED IN SOHO IN DOWNTOWN MANHATTAN THAT RAISES MONEY TO SUPPORT THE TAX-EXEMPT SOCIAL MISSION OF ITS PARENT, HOUSING WORKS, INC. THE BOOKSTORE ESTABLISHED ITSELF AS A NEW YORK DOWNTOWN INSTITUTION AND TOURIST DESTINATION.

Activities or mission (Part I)

TO OPERATE A USED BOOKSTORE, LITERARY HUB & CONCERT VENUE LOCATED IN DOWNTOWN MANHATTAN.

  • THE HOUSING WORKS USED BOOK CAFE, INC. SELLS DONATED USED BOOKS (IN STORE AND ONLINE) AND OPERATES A THRIVING CAFE. THE BOOKSTORE CAFE IS A HUB FOR NEW YORK'S DOWNTOWN LITERARY AND ARTS SCENE, HOSTING MORE THAN 100 READINGS, PANELS AND CONCERTS ANNUALLY. BJORK, JOHN MELLENCAMP AND JOHN MAYER ARE AMONG THE CELEBRATED MUSICIANS WHO HAVE PERFORMED THERE. THE USED BOOK CAFE IS ALSO A POPULAR EVENT SPACE AVAILABLE FOR WEDDINGS AND SPECIAL EVENTS. FOR THE YEAR ENDING JUNE 30, 2023, THE BOOKSTORE RECEIVED $1,398,683 IN DONATED MERCHANDISE WHICH IS REPORTED ON PART VIII, LINE 1(G) AND HAS NO GIFTS-IN-KIND EXPENSE IN ACCORDANCE WITH GAAP. THE BOOKSTORE IS STAFFED ALMOST ENTIRELY BY VOLUNTEERS. 100% OF THE BOOKSTORE'S PROFITS ARE REMITTED TO ITS PARENT ORGANIZATION, HOUSING WORKS, INC.

    Expenses $1,933,741

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

Listed in Part VII

  • ALAN LIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRANDON STOSUY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BROOKS HEADLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CALEDONIA KEARNS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHERYL PLAMBECK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GLORY EDIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HELEN ROSNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHY DANEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LIBBY FLORES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NICK MCCARVEL

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THOMAS KRETCHMAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • YVETTE HAMILTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHARLES KING

    PRESIDENT & CEO

    Total calculated
    $473,043
    From this org
    $0
    From related orgs
    $456,081
    Other
    $16,962
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,919 related
    Bonus
    $0 + $75,400 related
    Other
    $0 + $762 related
    Deferred
    $0 + $4,687 related
    Nontaxable benefits
    $0 + $12,275 related
    Filer's total
    $0 + $473,043 related

  • JOLANTA ILCZUK

    CHIEF FINANCIAL OFFICER

    Total calculated
    $278,658
    From this org
    $0
    From related orgs
    $273,242
    Other
    $5,416
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,125 related
    Bonus
    $0 + $35,553 related
    Other
    $0 + $564 related
    Deferred
    $0 + $4,796 related
    Nontaxable benefits
    $0 + $620 related
    Filer's total
    $0 + $278,658 related

  • MATTHEW BERNARDO

    CHIEF OPERATING OFFICER

    Total calculated
    $369,233
    From this org
    $0
    From related orgs
    $339,454
    Other
    $29,779
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,545 related
    Bonus
    $0 + $59,651 related
    Other
    $0 + $258 related
    Deferred
    $0 + $6,104 related
    Nontaxable benefits
    $0 + $23,675 related
    Filer's total
    $0 + $369,233 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FITZPATRICK ASSOCIATES LP

    HOUSING · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349300616

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