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Nonprofiteer
← NEW YORK COMMUNITIES ORGANIZING FUND INC

Form 990 for tax year 2022

Filed by NEW YORK COMMUNITIES ORGANIZING FUND INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$2,613,799 changed to $2,707,799
Total expenses
$2,804,967 changed to $3,207,792
Contributions and grants received
$2,613,799 changed to $2,707,799
Grants paid
$2,593,944 changed to $2,996,769
Total assets, end of year
$1,687,605 changed to $1,781,605
Total liabilities, end of year
$1,323,312 changed to $1,726,137
Net assets or fund balances, end of year
$364,293 changed to $55,468
Program services expenses
$2,665,535 changed to $3,068,173
Management and general expenses
$139,432 changed to $139,619
Program service expenses (Part III)
$2,665,535 changed to $3,068,173

Totals

Total revenue
$2,613,799
Total expenses
$2,804,967
Contributions and grants received
$2,613,799
Grants paid
$2,593,944
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,687,605
Total liabilities, end of year
$1,323,312
Net assets or fund balances, end of year
$364,293
Program services expenses (Part IX)
$2,665,535
Management and general expenses
$139,432
Fundraising expenses
$0
Program service expenses (Part III)
$2,665,535

Program services were 95.0% 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.

  • 1c · Fundraising events

    $21,349

  • 1f · All other contributions, gifts and grants

    $2,592,450

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $718

  • 8a · Fundraising events: contributions included on line 1c

    $21,349

  • 8b · Fundraising events: direct expenses

    $718

  • 8c · Net income from fundraising events

    total $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,593,944 · program services $2,593,944

  • 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 $61,010 · program services $43,927 · management and general $17,083

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $54,603 · program services $8,850 · management and general $45,753

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $3,918 · program services $2,026 · management and general $1,892

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $34,254 · management and general $34,254

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $11,826 · program services $511 · management and general $11,315

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $4,318 · program services $118 · management and general $4,200

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $17,430 · program services $7,495 · management and general $9,935

  • 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 $0

  • 23 · Insurance

    total $8,664 · program services $8,664

  • 24a · Other expenses: BAD DEBT

    total $15,000 · management and general $15,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $605,167 · end of year $987,707

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $475,000 · end of year $698,750

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,148 · end of year $1,148

  • 17 · Accounts payable and accrued expenses

    beginning of year $616,354 · end of year $1,323,312

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$367,539 · end of year $364,293

  • 28 · Net assets with donor restrictions

    beginning of year $832,500 · end of year $0

Mission and programs · 2022

Mission

COMMUNITY-BASED NONPROFIT ORGANIZATION THAT SEEKS TO EMPOWER LOW- AND MODERATE-INCOME NEW YORKERS TO HELP THEMSELVES. THROUGH PUBLIC EDUCATION, ADVOCACY, RESEARCH, AND DIRECT SERVICES, NYCOFI WORKS TO IMPROVE THE ECONOMIC SECURITY AND WELLBEING OF LOWINCOME AND PEOPLE OF COLOR COMMUNITIES THROUGHOUT NEW YORK STATE.

Activities or mission (Part I)

EMPOWER LOW AND MODERATE INCOME NEW YORKERS TO HELP THEMSELVES THROUGH PUBLIC EDUCATION, ADVOCACY, RESEARCH, AND DIRECT SERVICES.

  • WORKER'S RIGHTS - AMERICA HAS BECOME A NATION OF THE OVERWORKED AND THE UNDERPAID, AND IN NO CITY IS THAT TRUER THAN NEW YORK CITY ESPECIALLY FOR OUR IMMIGRANTS AND COMMUNITIES OF COLOR. FROM BEING AT THE FOREFRONT OF THE PAID SICK DAYS FIGHT TO IGNITING THE FIGHT FOR $15 CAMPAIGN TO RAISE THE STATE MINIMUM WAGE, WORKPLACE JUSTICE SITS AT THE CORE OF OUR WORK. WE STAND WITH ALL LOWWAGE WORKERS AND THEIR RIGHT TO A LIVING WAGE AND TO UNIONIZE WITHOUT RETALIATION.

    Expenses $1,194,617 · Grants $1,125,350

  • ENVIRONMENTAL JUSTICE - CLIMATE CHANGE AND INEQUALITY ARE THE TWO GREAT MORAL CRISES OF OUR TIME. LOW-INCOME COMMUNITIES OF COLOR, WHO DO NOT HAVE MONEY AND POWER TO FALL BACK ON IN A DISASTER, ARE ALREADY HIT THE HARDEST. THROUGH COALITION-BUILDING AND EDUCATION REGARDING THE CAUSES AND POSSIBLE SOLUTIONS TO THE CLIMATE CRISIS NYCOFI SEEKS TO ENSURE THAT CONVERSATIONS ABOUT THE CLIMATE CRISIS ARE HEARD.

    Expenses $1,470,918 · Grants $1,468,594

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

Listed in Part VII

  • Lucas Sanchez

    Co-Executive Director

    Total calculated
    $31,498
    From this org
    $25,402
    From related orgs
    $0
    Other
    $6,096
    Hours/week
    40

  • Olivia Leirer

    Co-Executive Director

    Total calculated
    $29,512
    From this org
    $23,800
    From related orgs
    $0
    Other
    $5,712
    Hours/week
    40

  • Dorothy Amadi

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Webb

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Maritza Silva-Farrell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hazel Dasent

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip Giles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Weltman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Basta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • T Elzora Cleveland

    treasurer

    Total calculated
    $0
    Hours/week
    1

  • Skipp Roseboro

    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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303189349318570

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