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Nonprofiteer
← POINT COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by POINT COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,947,743
Total expenses
$1,996,634
Contributions and grants received
$1,837,065
Grants paid
$0
Program service revenue
$11,100
Investment income
$4,987
Other revenue
$94,591
Total assets, end of year
$1,645,987
Total liabilities, end of year
$196,415
Net assets or fund balances, end of year
$1,449,572
Program services expenses (Part IX)
$1,606,974
Management and general expenses
$293,469
Fundraising expenses
$96,191
Program service expenses (Part III)
$1,606,974

Program services were 80.5% 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)

    $301,334

  • 1f · All other contributions, gifts and grants

    $1,535,731

  • 2a · Program service revenue: Program Services

    total $11,100 · related or exempt $11,100

  • 3 · Investment income

    total $4,987 · excluded $4,987

  • 6a · Gross rents

    real property $94,591

  • 6c · Rental income or loss

    real property $94,591

  • 6d · Net rental income or loss

    total $94,591 · related or exempt $94,591

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $94,244 · program services $75,395 · management and general $8,797 · fundraising $10,052

  • 7 · Other salaries and wages

    total $992,158 · program services $766,009 · management and general $151,293 · fundraising $74,856

  • 9 · Other employee benefits

    total $50,869 · program services $39,397 · management and general $7,496 · fundraising $3,976

  • 10 · Payroll taxes

    total $93,498 · program services $72,413 · management and general $13,778 · fundraising $7,307

  • 11b · Fees: legal

    total $350 · management and general $350

  • 11c · Fees: accounting

    total $27,900 · management and general $27,900

  • 11g · Fees: other

    total $88,857 · program services $57,515 · management and general $31,342

  • 13 · Office expenses

    total $96,647 · program services $91,815 · management and general $4,832

  • 16 · Occupancy

    total $169,445 · program services $144,028 · management and general $25,417

  • 17 · Travel

    total $7,047 · program services $7,047

  • 22 · Depreciation, depletion and amortization

    total $34,734 · program services $29,524 · management and general $5,210

  • 23 · Insurance

    total $50,806 · program services $43,185 · management and general $7,621

  • 24a · Other expenses: Program activities

    total $234,812 · program services $234,812

  • 24b · Other expenses: Dues fees and charges

    total $7,207 · program services $6,126 · management and general $1,081

  • 24c · Other expenses: Telephoneonline service

    total $28,088 · program services $23,875 · management and general $4,213

  • 24d · Other expenses: Equipment rental & mainten

    total $18,627 · program services $15,833 · management and general $2,794

  • 24e · All other expenses

    total $1,345 · management and general $1,345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,083,817 · end of year $214,990

  • 2 · Savings and temporary cash investments

    end of year $1,003,411

  • 3 · Pledges and grants receivable

    beginning of year $94,480 · end of year $158,774

  • 4 · Accounts receivable

    beginning of year $144,000 · end of year $43,400

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

    $1,329,412

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

    $1,104,000

  • 10c · Land, buildings and equipment, net

    beginning of year $252,711 · end of year $225,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,737 · end of year $50,607

  • 24 · Unsecured notes and loans payable

    beginning of year $16,808 · 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 $1,087,978 · end of year $1,221,047

  • 28 · Net assets with donor restrictions

    beginning of year $410,485 · end of year $228,525

Mission and programs · 2023

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 $986,582

  • 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 $620,392

As filed on the 2023 return.

Listed in Part VII

  • Maria Torres

    PresidentCOO

    Total calculated
    $128,863
    From this org
    $106,814
    From related orgs
    $0
    Other
    $22,049
    Hours/week
    35

  • Danny Peralta

    Executive Managing Director

    Total calculated
    $6,276
    From this org
    $6,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • 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

  • Sarah Lee

    Board member

    Total calculated
    $0
    Hours/week
    0.5

  • 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

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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202413189349307226

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