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Nonprofiteer
← EAST NEW YORK CLT INC

Form 990 for tax year 2023

Filed by EAST NEW YORK CLT INC.

Totals

Total revenue
$1,283,341
Total expenses
$178,107
Contributions and grants received
$1,278,757
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$4,584
Total assets, end of year
$1,831,578
Total liabilities, end of year
$624,500
Net assets or fund balances, end of year
$1,207,078
Program services expenses (Part IX)
$149,571
Management and general expenses
$26,450
Fundraising expenses
$2,086
Program service expenses (Part III)
$149,571

Program services were 84.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,278,757

  • 1g · Noncash contributions included above

    $131,878

  • 11a · Other revenue: OTHER REVENUE

    total $4,584 · related or exempt $4,584

  • 11e · Other revenue, total

    $4,584

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $21,084 · program services $17,921 · management and general $3,163

  • 11g · Fees: other

    total $128,059 · program services $109,588 · management and general $18,096 · fundraising $375

  • 12 · Advertising and promotion

    total $5,060 · program services $5,028 · management and general $32

  • 17 · Travel

    total $3,028 · program services $2,999 · management and general $29

  • 24a · Other expenses: OFFICE SUPPLIES AND MATER

    total $9,505 · program services $7,512 · management and general $1,948 · fundraising $45

  • 24b · Other expenses: COMPUTER AND SOFTWARE

    total $7,232 · program services $5,410 · management and general $1,822

  • 24c · Other expenses: FOOD

    total $2,850 · program services $754 · management and general $982 · fundraising $1,114

  • 24d · Other expenses: OTHER GENERAL EXPENSE

    total $1,289 · program services $359 · management and general $378 · fundraising $552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $101,844 · end of year $1,585,654

  • 3 · Pledges and grants receivable

    end of year $59,953

  • 4 · Accounts receivable

    end of year $74,000

  • 9 · Prepaid expenses and deferred charges

    end of year $11,000

  • 15 · Other assets

    end of year $100,971

  • 17 · Accounts payable and accrued expenses

    end of year $13,500

  • 24 · Unsecured notes and loans payable

    end of year $530,060

  • 25 · Other liabilities

    end of year $80,940

  • 27 · Net assets without donor restrictions

    beginning of year $101,844 · end of year $1,163,563

  • 28 · Net assets with donor restrictions

    end of year $43,515

Mission and programs · 2023

Mission

WE ARE AN ORGANIZATION OF COMMUNITY LEADERS AND ACTIVISTS DEDICATED TO PRESERVING AFFORDABILITY FOR FUTURE GENERATIONS AND PROVIDING A VEHICLE TO CREATE GENERATIONAL WEALTH. ENYCLT SEEKS TO OWN LAND AND LEASE THE LAND TO THE OWNERS OF THE BUILDINGS AND OTHER USERS ON THE LAND.

  • ENYCLT'S PROGRAMMING AIMS TO PROTECT, STABILIZE, AND EXPAND THE STOCK OF AFFORDABLE HOMES, LOCALLY-OWNED SMALL BUSINESSES, AND GREEN SPACES IN EAST NEW YORK AND BROWNSVILLE, TO BENEFIT LOW TO MODERATE-INCOME BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) RESIDENTS. THE ENYCLT WILL ACQUIRE LAND AND LEASE IT FOR DEVELOPMENTS/PROJECTS THAT WILL BENEFIT ALL RESIDENTS, SUCH AS AFFORDABLE HOUSING, GARDENS, COMMUNITY CENTERS, ETC. ENYCLT WILL ENSURE THAT THE COMMUNITY MAINTAINS CONTROL THROUGH ITS DEMOCRATICALLY ELECTED GOVERNING BOARD MADE UP OF LOCAL RESIDENTS. ENYCLT RAISED SIGNIFICANT FUNDS IN 2023 AND WILL BE PURCHASING ITS FIRST PROPERTY IN EARLY 2024.

    Expenses $149,571

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Boris Santos

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Chanel Haliburton

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Jakob Schneider

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brianna Soleyn

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Maya Ephrem

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amanda Trainor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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
14 November 2024
IRS schema version
2023v5.0
Source object
202403209349319715

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