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Nonprofiteer
← PRATT AREA COMMUNITY COUNCIL INC

Form 990 for tax year 2024

Filed by PRATT AREA COMMUNITY COUNCIL INC.

Totals

Total revenue
$3,766,322
Total expenses
$6,512,526
Contributions and grants received
$2,407,893
Grants paid
$0
Program service revenue
$607,284
Investment income
$3,886
Other revenue
$747,259
Total assets, end of year
$27,347,595
Total liabilities, end of year
$14,007,576
Net assets or fund balances, end of year
$13,340,019
Program services expenses (Part IX)
$4,312,884
Management and general expenses
$2,199,642
Fundraising expenses
$0
Program service expenses (Part III)
$4,312,884

Program services were 66.2% 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.

  • 1e · Government grants (contributions)

    $2,117,186

  • 1f · All other contributions, gifts and grants

    $290,707

  • 2a · Program service revenue: PROGRAM REVENUE

    total $360,002 · related or exempt $360,002

  • 2b · Program service revenue: DEVELOPER FEES

    total $164,505 · related or exempt $164,505

  • 2c · Program service revenue: RENTAL INCOME

    total $82,750 · related or exempt $82,750

  • 2d · Program service revenue: PAYROLL ADMIN FEES

    total $27 · related or exempt $27

  • 3 · Investment income

    total $3,886 · excluded $3,886

  • 6a · Gross rents

    real property $872,805

  • 6b · Less rental expenses

    real property $158,233

  • 6c · Rental income or loss

    real property $714,572

  • 6d · Net rental income or loss

    total $714,572 · unrelated business -$11,120 · excluded $725,692

  • 11a · Other revenue: BAD DEBT-RECOVERIES

    total $25,000 · related or exempt $25,000

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $7,687 · related or exempt $7,687

  • 11e · Other revenue, total

    $32,687

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,567,708 · program services $1,700,450 · management and general $867,258

  • 9 · Other employee benefits

    total $191,385 · program services $126,744 · management and general $64,641

  • 10 · Payroll taxes

    total $222,054 · program services $147,054 · management and general $75,000

  • 11b · Fees: legal

    total $97,165 · management and general $97,165

  • 11c · Fees: accounting

    total $40,937 · management and general $40,937

  • 11d · Fees: lobbying

    total $37,050 · program services $37,050

  • 11g · Fees: other

    total $1,252,313 · program services $908,281 · management and general $344,032

  • 12 · Advertising and promotion

    total $131,554 · program services $87,121 · management and general $44,433

  • 13 · Office expenses

    total $94,432 · program services $62,537 · management and general $31,895

  • 14 · Information technology

    total $23,872 · program services $15,809 · management and general $8,063

  • 16 · Occupancy

    total $318,521 · program services $210,939 · management and general $107,582

  • 17 · Travel

    total $6,867 · program services $4,548 · management and general $2,319

  • 19 · Conferences, conventions and meetings

    total $22,171 · program services $14,683 · management and general $7,488

  • 20 · Interest

    total $72,824 · program services $48,227 · management and general $24,597

  • 22 · Depreciation, depletion and amortization

    total $62,838 · program services $41,614 · management and general $21,224

  • 23 · Insurance

    total $63,086 · program services $41,778 · management and general $21,308

  • 24a · Other expenses: PROGRAM MATERIALS

    total $485,920 · program services $321,798 · management and general $164,122

  • 24b · Other expenses: BAD DEBT

    total $402,901 · program services $266,819 · management and general $136,082

  • 24c · Other expenses: EQUIPMENT LEASE

    total $300,978 · program services $199,321 · management and general $101,657

  • 24d · Other expenses: REPAIR AND MAINTENANCE

    total $62,977 · program services $41,706 · management and general $21,271

  • 24e · All other expenses

    total $54,973 · program services $36,405 · management and general $18,568

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,598,767 · end of year $893,982

  • 3 · Pledges and grants receivable

    beginning of year $1,796,872 · end of year $2,400,760

  • 4 · Accounts receivable

    beginning of year $145,087 · end of year $207,982

  • 7 · Other notes and loans receivable

    beginning of year $80,235 · end of year $1,350,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,379 · end of year $32,504

  • 10a · Land, buildings and equipment: cost or other basis

    $1,931,672

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,528,326

  • 10c · Land, buildings and equipment, net

    beginning of year $466,186 · end of year $403,346

  • 13 · Investments: program-related

    beginning of year $10,432,538 · end of year $10,432,538

  • 14 · Intangible assets

    beginning of year $1,670,954 · end of year $1,431,549

  • 15 · Other assets

    beginning of year $8,337,823 · end of year $10,194,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,895,754 · end of year $1,553,227

  • 19 · Deferred revenue

    beginning of year $452,455 · end of year $1,653,540

  • 21 · Escrow or custodial account liability

    beginning of year $150,425 · end of year $161,613

  • 23 · Secured mortgages and notes payable

    beginning of year $1,268,401 · end of year $1,910,828

  • 25 · Other liabilities

    beginning of year $9,459,727 · end of year $8,728,368

  • 27 · Net assets without donor restrictions

    beginning of year $11,351,209 · end of year $13,338,149

  • 28 · Net assets with donor restrictions

    beginning of year $1,870 · end of year $1,870

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PROMOTE AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT.

  • IMPACCT BROOKLYN DEVELOPS, OWNS AND OPERATES AFFORDABLE HOUSING, INCLUDING SUPPORTIVE HOUSING SERVICESAND OTHER PROGRAMS AND SERVICES THAT IMPROVE THE WELL-BEING OF VULNERABLE AND/OR INDIVIDUALS FORMERLY LIVING WITH HOMELESSNESS. IMPACCT BROOKLYN PROVIDES DIRECT SUPPORTIVE HOUSING SERVICES AT OUR GIBB MANSION AND NAVY GREEN RESIDENCE. THESE FACILITIES HOUSES CHRONICALLY ILL AND LOW INCOME INDIVIDUALS. WE PROVIDE RESPONSIVE AND COMPASSIONATE CARE TO THE RESIDENTS WHO CALL IT HOME. ON STAFF ARE SOCIAL WORKERS, CASE MANAGERS, A RESIDENT MANAGER, COOK AND COOKING STAFF, A SUBSTANCE ABUSE SPECIALIST, AND ACTIVITIES COORDINATOR. RESIDENTS RECEIVE REGULAR COUNSELING ON A WEEKLY BASIS. GIBB MANSION IS ALWAYS BUSTLING WITH ACTIVITY. RESIDENTS SHARE FIVE FRESH, HOT MEALS PER WEEK, AND THE ACTIVITIES COORDINATOR KEEPS THE SCHEDULE FULL OF CLASSES, OUTINGS, PARTIES AND COMMUNITY EVENTS.THE COMMUNITY AT GIBB MANSION IS THRIVING AS STAFF AND RESIDENTS WORK TOGETHER TO CREATE A POSITIVE, HEALTHY AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL 2023 71 INDIVIDUALS WERE HOUSED, 50 CHRONICALLY ILL INDIVIDUALS ARE RECEIVING CASE MANAGEMENT AND COUNSELING. IMPACCT BROOKLYN'S OTHER SUPPORTIVE HOUSING IS FOUND AT 40 VANDERBILT AVENUE, NAVY GREEN. THIS 98-UNIT PERMANENT SUPPORTIVE HOUSING BUILDING IS PART OF A LARGE SCALE RESIDENTIAL COMPLEX NAMED NAVY GREEN WITH 458 UNITS OF MIXED INCOME HOUSING, OPEN GREEN SPACE, RETAIL FACILITY AND COMMUNITY SPACE. THE RESIDENCE IS COMPRISED OF STUDIO APARTMENTS FOR 59 SINGLE ADULTS THAT ARE CHRONICALLY ILL WITH SEVERE AND PERSISTENT MENTAL ILLNESS AND/OR CHEMICAL ADDITION. THE REMAINING 38 UNITS ARE FOR LOW INCOME COMMUNITY RESIDENTS. THERE IS ALSO A LIVE IN SUPERINTENDENT AND 24/7 STAFFED SECURITY ONSITE. SOCIAL SERVICES ARE OFFERED TO ALL RESIDENTS BY BROOKLYN COMMUNITY HOUSING AND SERVICES AND FUNDED THROUGH THE HISTORIC NY/NY III PARTNERSHIP BETWEEN NYC AND NYS THROUGH THE DEPARTMENT OF HEALTH AND MENTAL HYGIENE.

    Expenses $3,240,993 · Revenue $281,587

  • AFFORDABLE HOUSING DEVELOPMENT WORKS WITH COMMUNITY MEMBERS, GOVERNMENT OFFICIALS AND AGENCIES, FINANCIAL INSTITUTIONS AND DEVELOPERS TO BUILD AND PRESERVE AFFORDABLE AND SUPPORTIVE HOUSING UNITS FOR VERY LOW TO MODERATE INCOME HOUSEHOLDS. AS PART OF THE ORGANIZATIONS MISSION OF ENSURING THE LONG TERM AFFORDABILITY OF HOUSING FOR LOW INCOME RESIDENTS. IMPACCT BROOKLYN HAS COMMITTED 143 UNITS TO THE JOINT OWNERSHIP ENTITY (THE JOENY) AS PART OF A JOINT VENTURE WITH BRIDGE STREET LOCAL DEVELOPMENT, SNA, AND BEDFORD STUYVESANT RESTORATION CORPORATION TO PRESERVE OVER 500 UNITS OF AFFORDABLE HOUSING. WE HAVE A PIPELINE OF AFFORDABLE HOUSING PROJECTS THAT INCLUDE MISSION / FAITH BASED DEVELOPMENT WITH A FOCUS ON SENIOR HOUSING. IN ADDITION, WORKING WITH THE CITY OF NY AND NEW YORK STATE WE WILL BE BUILDING ANOTHER SUPPORTIVE HOUSING FACILITY FOR SENIORS LIVING WITH CHRONIC MENTAL ILLNESS LOCATED IN BEDFORD STUYVESANT, BROOKLYN.

    Expenses $682,113 · Revenue $358,384

  • OUR ECONOMIC DEVELOPMENT DEPARTMENT SERVES THE SMALL BUSINESS COMMUNITY IN CENTRAL BROOKLYN BY PROVIDING TECHNICAL SUPPORT, COMMERCIAL LEASING SERVICES AND PRO-BONO LEGAL SERVICES THROUGH THE LAW FIRM STROOCK & STROOCK. IMPACCT BROOKLYN ALSO SERVES ON THE BOARD OF THE MARP AND FULTON STREET BUSINESS IMPROVEMENT DISTRICTS.

    Expenses $389,778

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AMY CHEN

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL FENNESSEY

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • ELIZABETH ZELDIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FRANTZ METELLUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • HEATHER GERSHEN

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN DEW

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5

  • LISA DAVIS

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5

  • LLOYD SENIOR

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARLENE ZURACK

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5

  • PATRICIA ANNA ROCK

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • YVONNE CUMMINGS

    CHAIR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • CRAIG CAMPBELL

    CFO

    Total calculated
    $0
    Hours/week
    35 + 35 related

  • JAMAL ROBINSON

    EXECUTIVE DIRECTOR

    Total calculated
    $63,901
    From this org
    $63,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 3.5 related

  • SAMMY AHMED

    CFO (OUTGOING)

    Total calculated
    $14,641
    From this org
    $14,641
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 3.5 related

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PACC HDFC

    C · APARTMENT OWNER · NY · 100% owned · controlled entity

    Directly controlled by PACC INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611339349309456

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