Form 990 for tax year 2023
Filed by NORTHEAST COMMUNITY INNOVATION CORP.
Totals
- Total revenue
- $2,810,797
- Total expenses
- $1,319,143
- Contributions and grants received
- $0
- Grants paid
- $51,412
- Program service revenue
- $2,531,163
- Investment income
- $62,457
- Other revenue
- $217,177
- Total assets, end of year
- $21,952,666
- Total liabilities, end of year
- $11,937,659
- Net assets or fund balances, end of year
- $10,015,007
- Program services expenses (Part IX)
- $1,319,143
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,319,143
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
BARRY SCHWIMMER
PRESIDENT, TREASURER, DIRE
- Total calculated
- $0
- Hours/week
- 5
-
IVY EISENBERG
SECRETARY, DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JOSH FEDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 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
-
TO SUPPORT YOUNG ENTREPRENEURS PROGRAM
-
TO SUPPORT THE GROWTH OF THE BUSINESS DEPARTMENT
-
OUTREACH, PROGRAMMING, & DEVELOPMENT
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.
-
INVESTING · TX · income $298,731 · assets $402,351
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
PETROS NEW MARKETS HOLDINGS LLC
INVESTING · TX · income -$86,196 · assets -$2,911,275
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS NEW MARKETS HOLDINGS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS NEW MARKETS HOLDINGS LLC
-
INVESTING · TX · income $1,246,585 · assets -$8,440,393
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
PETROS CONNECTICUT MANAGER LLC
INVESTING · TX · income $0 · assets $0
Directly controlled by ATEX PETROS HOLDINGS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by ATEX PETROS HOLDINGS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by ATEX PETROS HOLDINGS LLC
-
PETROS COMMUNITY INVESTMENTS LLC
INVESTING · TX · income $72,189 · assets -$1,819,689
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
PETROS MISSISSIPPI MANAGER LLC
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS COMMUNITY INVESTMENTS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS COMMUNITY INVESTMENTS LLC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PETROS-PACESETTER NEBRAKA FUND II LLC
RELATED · INVESTING · TX · 99% owned · share of income $312,272 · share of assets $176,765
Directly controlled by PETROS NEBRASKA MANAGER 2 LLC
-
PETROS-PACESETTER NEBRASKA INVESTOR II LLC
RELATED · INVESTING · TX · 99.01% owned · share of assets $7,864,544
Directly controlled by PETROS-PACESETTER NEBRAKA FUND II LLC
-
PETROS-PACESETTER NEBRASKA INVESTMENT FUND 2 LLC
RELATED · INVESTING · TX · 1% owned · share of income -$9 · share of assets $596,199
Directly controlled by PETROS-PACESETTER NEBRASKA INVESTOR II LLC
-
PETROS-PACESETTER NEVADA INVESTOR I LLC
RELATED · INVESTING · TX · 99.01% owned · share of assets $840
Directly controlled by PETROS-PACESETTER NEVADA FUND I LLC
-
PETROS-PACESETTER NEVADA INVESTMENT FUND 1 LLC
RELATED · INVESTING · TX · 1% owned · share of income -$1 · share of assets $1,978
Directly controlled by PETROS-PACESETTER NEVADA INVESTOR I LLC
-
PETROS-PACESETTER KENTUCKY INVESTOR II LLC
RELATED · INVESTING · TX · 99.01% owned
Directly controlled by PETROS-PACESETTER KENTUCY FUND II LLC
-
PETROS-PACESETTER KENTUCKY INVESTMENT FUND 2 LLC
RELATED · INVESTING · TX · 99.01% owned · share of income -$95,095
Directly controlled by PETROS-PACESETTER KENTUCKY INVESTOR II LLC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500589349300710
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