Form 990 for tax year 2023
Filed by NEHEMIAH ECONOMIC DEVELOPMENT INC.
Totals
- Total revenue
- $141,481
- Total expenses
- $86,927
- Contributions and grants received
- $0
- Grants paid
- $50,000
- Program service revenue
- $0
- Investment income
- $4,235
- Other revenue
- $137,246
- Total assets, end of year
- $522,531
- Total liabilities, end of year
- $12,234
- Net assets or fund balances, end of year
- $510,297
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $14,397
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
3 · Investment income
total $4,235
-
6a · Gross rents
real property $156,283
-
6b · Less rental expenses
real property $19,037
-
6c · Rental income or loss
real property $137,246
-
6d · Net rental income or loss
total $137,246
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $50,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $11,875
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,540
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $14,397 · management and general $14,397
-
23 · Insurance
total $8,115
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $300,854 · end of year $341,380
-
10a · Land, buildings and equipment: cost or other basis
$395,893
-
10b · Land, buildings and equipment: accumulated depreciation
$214,742
-
10c · Land, buildings and equipment, net
beginning of year $195,548 · end of year $181,151
-
17 · Accounts payable and accrued expenses
beginning of year $40,659 · end of year $12,234
-
27 · Net assets without donor restrictions
beginning of year $455,743 · end of year $510,297
Mission and programs · 2023
Mission
TUITION GTANTS TO STUDENTS FUNDS TO IMPROVE STRUCTURES IN DESIGNATED AREAS.
Activities or mission (Part I)
PROVIDED AFFORDABLE HOUSING IN DISADVANTAGE AREAS
-
TUITION GRANTS TO STUDENTS FUNDS TO IMPROVE STRUCTURES IN DESIGNATED AREAS.
Grants $50,000
As filed on the 2023 return.
Listed in Part VII
-
KOFI HORMEKU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
GLORIA OBIOUMA
TREASURER
- Total calculated
- $0
- Hours/week
- 20 + 20 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.
Grants on this return
-
$50,000
NYCHA-CUNY SCHOLARSHIP PROGRAM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202431769349300343
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.