← CARROLL GARDENS ASSOCIATION INCORPORATED

Form 990 for tax year 2022

Filed by CARROLL GARDENS ASSOCIATION INCORPORATED.

What the amendment changed

Compared with the return it replaced , filed 15 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $806,334 changed to $839,158
Total expenses: $684,258 changed to $696,347
Contributions and grants received: $565,911 changed to $550,196
Program service revenue: $228,593 changed to $277,132
Total assets, end of year: $1,179,035 changed to $1,230,065
Total liabilities, end of year: $269,419 changed to $299,714
Net assets or fund balances, end of year: $909,616 changed to $930,351
Program services expenses: $534,491 changed to $533,643
Management and general expenses: $149,767 changed to $162,704
Program service expenses (Part III): $534,491 changed to $533,643

Listed only on the earlier return

JULY YANG

Listed only on the later return

DEBORAH BUSCARELLO

Totals

Total revenue: $839,158
Total expenses: $696,347
Contributions and grants received: $550,196
Grants paid: $0
Program service revenue: $277,132
Investment income: $0
Other revenue: $11,830
Total assets, end of year: $1,230,065
Total liabilities, end of year: $299,714
Net assets or fund balances, end of year: $930,351
Program services expenses (Part IX): $533,643
Management and general expenses: $162,704
Fundraising expenses: $0
Program service expenses (Part III): $533,643

Program services were 76.6% 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

$14,001
1e · Government grants (contributions)

$253,345
1f · All other contributions, gifts and grants

$282,850
2a · Program service revenue: PROPERTY MANAGEMENT FEES

total $277,132 · related or exempt $277,132
11a · Other revenue: OTHERS

total $11,830 · related or exempt $11,830
11e · Other revenue, total

$11,830

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $112,167 · program services $89,734 · management and general $22,433
7 · Other salaries and wages

total $197,825 · program services $193,482 · management and general $4,343
9 · Other employee benefits

total $52,970 · program services $36,678 · management and general $16,292
11c · Fees: accounting

total $20,321 · program services $3,000 · management and general $17,321
11g · Fees: other

total $89,218 · program services $24,759 · management and general $64,459
13 · Office expenses

total $27,500 · program services $24,106 · management and general $3,394
17 · Travel

total $4,402 · program services $3,930 · management and general $472
19 · Conferences, conventions and meetings

total $125,410 · program services $110,274 · management and general $15,136
20 · Interest

total $4,359 · management and general $4,359
23 · Insurance

total $7,371 · program services $4,229 · management and general $3,142
24a · Other expenses: OPERATING LEASE

total $29,952 · program services $22,659 · management and general $7,293
24b · Other expenses: MISCELLANEOUS

total $18,529 · program services $16,045 · management and general $2,484
24c · Other expenses: MANAGEMENT FEE

total $2,393 · program services $2,393
24d · Other expenses: DONATIONS & CONTRIBUTIONS

total $2,303 · program services $1,119 · management and general $1,184
24e · All other expenses

total $1,627 · program services $1,235 · management and general $392

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $179,540 · end of year $30,445
3 · Pledges and grants receivable

beginning of year $80,167 · end of year $200,000
4 · Accounts receivable

beginning of year $5,845 · end of year $3,427
9 · Prepaid expenses and deferred charges

beginning of year $25 · end of year $517
15 · Other assets

beginning of year $758,165 · end of year $995,676
17 · Accounts payable and accrued expenses

beginning of year $26,758 · end of year $46,325
19 · Deferred revenue

beginning of year $59,444 · end of year $100,899
25 · Other liabilities

beginning of year $150,000 · end of year $152,490
27 · Net assets without donor restrictions

beginning of year $763,416 · end of year $930,351
28 · Net assets with donor restrictions

beginning of year $24,124

Mission and programs · 2022

Mission

OUR MISSION IS TO FOSTER A COMMUNITY WHERE RESIDENTS AND FAMILIES OF ALL INCOME LEVELS IN SOUTHWEST BROOKLYN'S NEIGHBORHOODS CAN LIVE, WORK, AND THRIVE. CARROLL GARDENS ASSOCIATION, INC. (CGA) FULFILLS THIS MISSION BY PRESERVING AND DEVELOPING AFFORDABLE HOUSING, ENFORCING QUALITY HOUSING MANAGEMENT PRACTICES, PROMOTING SMALL BUSINESS ECONOMIC DEVELOPMENT, AND PROVIDING AND LINKING RESIDENTS TO SOCIAL SERVICES AND RESOURCES TO IMPROVE THE QUALITY OF THEIR LIVES.

Activities or mission (Part I)

CARROLL GARDENS ASSOCIATION'S SERVICE AREA IS LOCATED IN SOUTHWEST BROOKLYN, INCLUDING THE NEIGHBORHOODS OF RED HOOK, THE COLUMBIA STREET WATERFRONT DISTRICT, CARROLL GARDENS, GOWANUS, AND SUNSET PARK. WHILE WE SERVE THE ENTIRE SOUTHWEST BROOKLYN AND PORTIONS OF BROOKLYN COMMUNITY BOARD 6 AND COMMUNITY BOARD 7, OUR CATCHMENT AREA FOR THE NEIGHBORHOOD PRESERVATION PROGRAM FOCUSES MAINLY ON THE NEIGHBORHOODS OF RED HOOK, THE COLUMBIA STREET WATERFRONT DISTRICT, AND CARROLL GARDENS. AS A COMMUNITY-BASED HOUSING DEVELOPER AND NEIGHBORHOOD PRESERVATION COMPANY (NPC), CARROLL GARDENS ASSOCIATION HAS COMPLETED OVER 500 AFFORDABLE HOUSING UNITS THE NEIGHBORHOODS OF RED HOOK, THE COLUMBIA STREET WATERFRONT DISTRICT, CARROLL GARDENS, AND GOWANUS. WE ARE ALSO WORKING TOWARDS A NEW COMMUNITY DEVELOPMENT FRAMEWORK ROOTED IN CREATING DEMOCRATIC WORKPLACES, BROADENING OWNERSHIP OF CAPITAL AND ASSET GENERATION, EQUITABLE AND INCLUSIVE GROWTH, AND ENVIRONMENTAL SUSTAINABILITY.

PERHAPS MORE THAN ANYTHING ELSE, EXPANDING THE EMPLOYMENT AND TRAINING OPPORTUNITIES AVAILABLE TO RESIDENTS OF THE COMMUNITY AND HELPING THEM INCREASE THEIR EARNING POWER, IS AT THE HEART OF OUR VISION FOR SOUTHWEST BROOKLYN. OUR EFFORTS TO REALIZE THIS VISION ARE ORGANIZED AROUND THE OBJECTIVE TO IMPROVE RESIDENTS' ACCESS TO EMPLOYMENT AND TRAINING OPPORTUNITIES THROUGHOUT THE METROPOLITAN REGION. CARROLL GARDENS ASSOCIATION PROVIDES FREE COMPUTER TRAINING TO DOZENS OF INDIVIDUALS ANNUALLY. THE COMPUTER TRAINING PROGRAM IS A SEVEN-WEEK COURSE THAT PROVIDES PARTICIPANTS WITH INSTRUCTION ON BASIC COMPUTER SKILLS, THE USE OF THE INTERNET, AND LESSONS ON MICROSOFT WORD, EXCEL, AND POWERPOINT. AFTER SUCCESSFUL COMPLETION OF THE TRAINING PROGRAM, PARTICIPANTS RECEIVE A CERTIFICATE OF COMPLETION THAT THEY COULD SHOW TO PROSPECTIVE EMPLOYERS. SESSIONS FOR THE COMPUTER TRAINING PROGRAM ARE HELD AT THE CGA TRAINING CENTER. THE CGA TRAINING CENTER INCLUDES SPACE FOR A COMPUTER LAB AND A CLASSROOM TYPE SETTING. IN ADDITION TO THE FREE COMPUTER TRAINING PROGRAM, A VARIETY OF EDUCATIONAL WORKSHOPS ARE HELD REGULARLY AT THE CGA TRAINING CENTER.

Expenses $254,627
CGA'S ENTREPRENEUR ASSISTANCE PROGRAM OFFERS RESOURCES TO SMALL BUSINESSES THROUGH WORKSHOPS AND ONE-ON-ONE COUNSELING WITH THOSE WHO WISH TO START A BUSINESS OR EXPAND AN EXISTING BUSINESS. THE PARTNERSHIP WILL ALSO MAKE GOVERNMENT RESOURCES TO ASSIST SMALL BUSINESSES AVAILABLE TO OUR COMMUNITY. IN PARTICULAR, CGA WORKS WITH THE NYC SMALL BUSINESS SERVICES (NYC SBS) TO OFFER 1-ON-1 COUNSELING TO AREA RESIDENTS, ENTREPRENEURS, AND SMALL BUSINESSES. CGA WAS SELECTED AS ONE OF SIX COMMUNITY BASED ORGANIZATIONS BY THE CENTER FOR FAMILY LIFE TO PARTICIPATE IN THE NEW YORK CITY WORKER COOPERATIVE DEVELOPMENT INITIATIVE. THE INITIATIVE, A MULTI YEAR INTENSIVE TRAINING, EQUIPS STAFF WITH THE NEEDED SKILLS AND RESOURCES FOR CGA TO LAUNCH A WORKER COOPERATIVE INCUBATION PROGRAM.

Expenses $279,016

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

Listed in Part VII

VILMA HERAMIA

EXECUTIVE DI

Total calculated

$112,167

From this org

$112,167

From related orgs

$0

Other

$0

Hours/week

35
EVA SIERRA GIAMBOI

CHAIRPERSON

Total calculated

$0

Hours/week

2
BENJAMIN LEVINE

VICE CHAIR

Total calculated

$0

Hours/week

2
CYNTHIA GONZALEZ

SECRETARY

Total calculated

$0

Hours/week

1
GEORGE FIALA

TREASURER

Total calculated

$0

Hours/week

1
DEBORAH BUSCARELLO

BOARD MEMBER

Total calculated

$0

Hours/week

1
GALE JOHNSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
JESSICA WILSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
LEROY BRANCH

BOARD MEMBER

Total calculated

$0

Hours/week

1
RALPH BUMBACA

BOARD MEMBER

Total calculated

$0

Hours/week

1
SULEKHA SHARAN FRANK

BOARD MEMBER

Total calculated

$0

Hours/week

1
VICTOR J PAPA

BOARD MEMBER

Total calculated

$0

Hours/week

1

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: 2022
Filed: 11 February 2025
IRS schema version: 2022v5.0
Source object: 202510509349300326

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