Form 990 for tax year 2024
Filed by NORTHEAST COMMUNITY INNOVATION CORP.
Totals
- Total revenue
- $4,286,951
- Total expenses
- $1,549,090
- Contributions and grants received
- $0
- Grants paid
- $22,500
- Program service revenue
- $4,901,211
- Investment income
- $16,031
- Other revenue
- -$630,291
- Total assets, end of year
- $20,436,420
- Total liabilities, end of year
- $7,683,552
- Net assets or fund balances, end of year
- $12,752,868
- Program services expenses (Part IX)
- $1,549,090
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,549,090
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
BARRY SCHWIMMER
PRESIDENT, TREASURER, DIRE
- Total calculated
- $0
- Hours/week
- 5
-
IVY EISENBERG
SECRETARY, DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JOSH FEDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
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
-
TO SUPPORT YOUNG ENTREPRENEURS PROGRAM
-
TO SUPPORT THE GROWTH OF THE BUSINESS DEPARTMENT
-
ANNUAL SUPPORT
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
INVESTING · TX · income -$639,280 · assets -$292,103
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
PETROS NEW MARKETS HOLDINGS LLC
INVESTING · TX · income -$3,153 · assets -$2,911,932
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS NEW MARKETS HOLDINGS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS NEW MARKETS HOLDINGS LLC
-
INVESTING · TX · income $2,897,933 · assets -$8,797,416
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
PETROS CONNECTICUT MANAGER LLC
INVESTING · TX · income $0 · assets $0
Directly controlled by ATEX PETROS HOLDINGS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by ATEX PETROS HOLDINGS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by ATEX PETROS HOLDINGS LLC
-
PETROS COMMUNITY INVESTMENTS LLC
INVESTING · TX · income $492,990 · assets -$2,384,284
Directly controlled by NORTHEAST COMMUNITY INNOVATION CORPORATION
-
PETROS MISSISSIPPI MANAGER LLC
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS COMMUNITY INVESTMENTS LLC
-
INVESTING · TX · income $0 · assets $0
Directly controlled by PETROS COMMUNITY INVESTMENTS LLC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PETROS-PACESETTER NEBRAKA FUND II LLC
RELATED · INVESTING · TX · 99% owned · share of income -$35,110 · share of assets $141,655
Directly controlled by PETROS NEBRASKA MANAGER 2 LLC
-
PETROS-PACESETTER NEBRASKA INVESTOR II LLC
RELATED · INVESTING · TX · 99.01% owned
Directly controlled by PETROS-PACESETTER NEBRAKA FUND II LLC
-
PETROS-PACESETTER NEBRASKA INVESTMENT FUND 2 LLC
RELATED · INVESTING · TX · 1% owned · share of income -$595,393
Directly controlled by PETROS-PACESETTER NEBRASKA INVESTOR II LLC
-
PETROS-PACESETTER NEVADA INVESTMENT FUND 1 LLC
RELATED · INVESTING · TX · 1% owned · share of income -$1 · share of assets $1,976
Directly controlled by PETROS-PACESETTER NEVADA INVESTOR I LLC
-
PETROS-PACESETTER NEVADA INVESTOR I LLC
RELATED · INVESTING · TX · 99.01% owned
Directly controlled by PETROS-PACESETTER NEVADA FUND I LLC
-
PETROS-PACESETTER KENTUCKY INVESTMENT FUND 2 LLC
RELATED · INVESTING · TX · 99.01% owned
Directly controlled by PETROS-PACESETTER KENTUCKY INVESTOR II LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630199349300978
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