Form 990 for tax year 2022

What the amendment changed

Compared with the return it replaced , filed 15 August 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

$1,516,327 →changed to $1,516,335

Total expenses

$1,334,704 →changed to $1,342,143

Contributions and grants received

$1,510,306 →changed to $1,510,314

Total assets, end of year

$2,219,797 →changed to $2,216,745

Total liabilities, end of year

$1,457,351 →changed to $1,511,488

Net assets or fund balances, end of year

$762,446 →changed to $705,257

Program services expenses

$1,306,394 →changed to $1,327,011

Management and general expenses

$28,310 →changed to $15,132

Program service expenses (Part III)

$1,306,394 →changed to $1,327,011

Totals

Total revenue

$1,516,335

Total expenses

$1,342,143

Contributions and grants received

$1,510,314

Grants paid

$0

Program service revenue

$5,600

Investment income

$0

Other revenue

$421

Total assets, end of year

$2,216,745

Total liabilities, end of year

$1,511,488

Net assets or fund balances, end of year

$705,257

Program services expenses (Part IX)

$1,327,011

Management and general expenses

$15,132

Fundraising expenses

$0

Program service expenses (Part III)

$1,327,011

Program services were 98.9% 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.

Mission and programs · 2022

• GROW BROOKLYN HAS PARTNERED WITH THE IRS FOR THE PAST 12 YEARS TO PROVIDE HIGH-QUALITY, FREE TAX PREPARATION SERVICES TO LOW-INCOME INDIVIDUALS. AS ONE OF THE TOP 50 VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROVIDERS IN THE COUNTRY, GROW BROOKLYN IS THE LARGEST NON- COMMERCIAL TAX PREPARER IN BROOKLYN. EACH YEAR, WE PREPARE OVER 8,000 TAX RETURNS, WITH APPROXIMATELY ONE-THIRD OF THESE RETURNS CLAIMING THE EARNED INCOME CREDIT (EIC), DIRECTLY BENEFITING FAMILIES IN NEED. ADDITIONALLY, ONE-QUARTER OF OUR TAX CLIENTS ARE ELIGIBLE FOR AND RECEIVE THE CHILD TAX CREDIT (CTC), PROVIDING CRUCIAL SUPPORT TO WORKING FAMILIES. WE ARE ALSO DEEPLY COMMITTED TO SERVING SELF-EMPLOYED INDIVIDUALS, THROUGH THE IRS SE PILOT AND THE NYS DEPARTMENT OF CONSUMER & WORKER PROTECTIONS SELF EMPLOYMENT TAX PREP SERVICES, WHICH SERVES APPROXIMATELY 500 CLIENTS ANNUALLY, MANY OF WHOM ARE ITIN HOLDERS. OUR COMMITMENT TO FINANCIAL EMPOWERMENT EXTENDS BEYOND TAX SEASON, AS WE OFFER YEAR-ROUND SUPPORT AND RESOURCES TO HELP INDIVIDUALS MAXIMIZE THEIR REFUNDS, IMPROVE FINANCIAL LITERACY, AND ACCESS ADDITIONAL PUBLIC BENEFITS. THROUGH THESE EFFORTS, GROW BROOKLYN PLAYS A VITAL ROLE IN HELPING TO LIFT THOUSANDS OF NEW YORKERS OUT OF POVERTY AND INTO FINANCIAL STABILITY.

  Expenses $888,632

• GROW BROOKLYN PROVIDES FREE LEGAL SERVICES TO SUPPORT HOUSING STABILITY IN NEW YORK CITY'S MOST IMPACTED NEIGHBORHOODS. OUR COMPREHENSIVE FORECLOSURE PREVENTION COUNSELING AND ESTATE PLANNING SERVICES ARE DESIGNED TO ADDRESS THE UNIQUE CHALLENGES FACED BY THESE COMMUNITIES. EACH YEAR, OUR FORECLOSURE PREVENTION PROGRAM ASSISTS APPROXIMATELY 300 HOMEOWNERS, HELPING MANY TO SUCCESSFULLY MODIFY THEIR MORTGAGES AND REMAIN IN THEIR HOMES. RECOGNIZING THAT 10-15% OF OUR CLIENTS FACING FORECLOSURE ALSO CONTEND WITH ESTATE ISSUES, GROW BROOKLYN OFFERS A TARGETED ESTATE PLANNING PROGRAM CALLED 'PROTECT YOUR TREASURE.' THIS INITIATIVE EMPOWERS INDIVIDUALS AND FAMILIES IN LOW-INCOME COMMUNITIES TO PRESERVE THEIR FINANCIAL ASSETS, INCLUDING THEIR HOMES, BY PROVIDING ESTATE PLANNING, ESTATE ADMINISTRATION ADVICE, AND LIMITED LEGAL SERVICES IN CONJUNCTION WITH OUR FORECLOSURE PREVENTION EFFORTS.

  Expenses $438,379

As filed on the 2022 return.

Listed in Part VII

• NNENNE OKORAFOR

  SECRETARY

  Total calculated

  $0

  Hours/week

  1

• DARREN LIDDELL

  TREASURER

  Total calculated

  $0

  Hours/week

  1

• AISSATOU BARRY

  CHAIR

  Total calculated

  $0

  Hours/week

  1

• SAMIRA RAJAN

  BCOOP LIAISON

  Total calculated

  $146,484

  From this org

  $0

  From related orgs

  $146,484

  Other

  $0

  Hours/week

  1

• SETH NARINE

  MEMBER

  Total calculated

  $0

  Hours/week

  1

• MAKEELA BRATHWAITE

  EXECUTIVE DIRECTOR

  Total calculated

  $85,172

  From this org

  $85,172

  From related orgs

  $0

  Other

  $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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• BROOKLYN COOPERATIVE FEDERAL CREDIT UNION

  501 (C)1 · CREDIT UNION · NY

  Directly controlled by NA

Provenance

Return type

form_990

Tax year

2022

Filed

1 October 2024

IRS schema version

2022v5.0

Source object

202422759349301307

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