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Nonprofiteer
← NEW YORK COMMUNITIES ORGANIZING FUND INC

Form 990 for tax year 2023

Filed by NEW YORK COMMUNITIES ORGANIZING FUND INC.

Totals

Total revenue
$3,814,233
Total expenses
$3,664,353
Contributions and grants received
$3,831,644
Grants paid
$3,545,963
Program service revenue
$0
Investment income
$0
Other revenue
-$17,411
Total assets, end of year
$1,769,174
Total liabilities, end of year
$1,563,826
Net assets or fund balances, end of year
$205,348
Program services expenses (Part IX)
$3,554,852
Management and general expenses
$109,501
Fundraising expenses
$0
Program service expenses (Part III)
$3,554,852

Program services were 97.0% 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

    $3,831,644

  • 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

    $2,500

  • 8b · Fundraising events: direct expenses

    $19,911

  • 8c · Net income from fundraising events

    total -$17,411 · excluded -$17,411

  • 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 $3,545,963 · program services $3,545,963

  • 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 $29,436 · program services $1,005 · management and general $28,431

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $4,670 · management and general $4,670

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $40,500 · management and general $40,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $5,549 · program services $1,188 · management and general $4,361

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $6,718 · program services $6,696 · management and general $22

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $19,967 · management and general $19,967

  • 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 $0

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $6,550 · management and general $6,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $981,707 · end of year $615,526

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $798,750 · end of year $1,021,250

  • 4 · Accounts receivable

    beginning of year $0 · end of year $131,250

  • 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 $1,726,137 · end of year $1,563,826

  • 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 $55,468 · end of year $73,238

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $132,110

Mission and programs · 2023

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 $390,314 · Grants $389,290

  • 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 $2,097,249 · Grants $2,091,120

  • HOUSING - NEW YORKERS FACE A REAL AFFORDABLE HOUSING CRISIS. OVER THE PAST DECADE, RENTS HAVE INCREASED AT TWICE THE RATE OF OUR INCOMES, WHILE WE REMAIN AT THE MERCY OF GREEDY LANDLORDS WHO INCREASE RENT AS THEY SEE FIT. AS A LEAD ORGANIZATION IN COALITIONS SUCH AS THE REAL AFFORDABILITY FOR ALL AND ALLIANCE FOR TENANT POWER, WE FIGHT TO ENSURE THAT HOUSING POLICIES PRIORITIZE AND DELIVER REAL AFFORDABILITY FOR THE MOST ECONOMICALLY VULNERABLE HOUSEHOLDS.

    Expenses $427,562 · Grants $426,380

  • Other Programs

    Expenses $639,727 · Grants $638,173

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

Listed in Part VII

  • T Elzora Cleveland

    Interim Chair

    Total calculated
    $0
    Hours/week
    1

  • David Webb

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Andrew Weltman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hazel Dasent

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Skipp Roseboro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Basta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phillip Giles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chimene Okere

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lucas Sanchez

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Olivia Leirer

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349321715

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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