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Nonprofiteer
← OPEN NEW YORK INC

Form 990 for tax year 2023

Filed by OPEN NEW YORK INC.

Totals

Total revenue
$2,082,222
Total expenses
$1,057,922
Contributions and grants received
$2,081,960
Grants paid
$0
Program service revenue
$0
Investment income
$262
Other revenue
$0
Total assets, end of year
$2,279,587
Total liabilities, end of year
$225,153
Net assets or fund balances, end of year
$2,054,434
Program services expenses (Part IX)
$778,734
Management and general expenses
$221,152
Fundraising expenses
$58,036
Program service expenses (Part III)
$778,734

Program services were 73.6% 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

    $2,081,960

  • 1g · Noncash contributions included above

    $55,585

  • 7a · Gross sales of assets other than inventory

    securities $55,847

  • 7b · Less cost or other basis and sales expenses

    securities $55,585

  • 7c · Gain or loss

    securities $262

  • 7d · Net gain or loss

    total $262 · excluded $262

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $167,836 · program services $100,701 · management and general $50,351 · fundraising $16,784

  • 7 · Other salaries and wages

    total $402,769 · program services $357,479 · management and general $17,130 · fundraising $28,160

  • 9 · Other employee benefits

    total $58,695 · program services $50,653 · management and general $4,374 · fundraising $3,668

  • 10 · Payroll taxes

    total $50,241 · program services $41,791 · management and general $5,028 · fundraising $3,422

  • 11b · Fees: legal

    total $11,167 · program services $690 · management and general $10,477

  • 11c · Fees: accounting

    total $57,338 · management and general $57,338

  • 11d · Fees: lobbying

    total $6,500 · program services $6,500

  • 11g · Fees: other

    total $206,894 · program services $180,220 · management and general $26,674

  • 13 · Office expenses

    total $14,795 · management and general $14,795

  • 14 · Information technology

    total $15,330 · program services $9,416 · management and general $5,675 · fundraising $239

  • 16 · Occupancy

    total $17,855 · program services $14,852 · management and general $1,787 · fundraising $1,216

  • 17 · Travel

    total $21,611 · program services $8,040 · management and general $13,071 · fundraising $500

  • 19 · Conferences, conventions and meetings

    total $10,553 · program services $4,115 · management and general $2,563 · fundraising $3,875

  • 23 · Insurance

    total $7,207 · management and general $7,207

  • 24a · Other expenses: BOOKS/SUBS/REF.

    total $2,870 · program services $740 · management and general $2,130

  • 24b · Other expenses: PAYROLL PROCESSING

    total $2,538 · program services $2,112 · management and general $254 · fundraising $172

  • 24c · Other expenses: OTHER

    total $2,298 · management and general $2,298

  • 24d · Other expenses: LICENSES & REGISTRATION

    total $1,425 · program services $1,425

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,029,854 · end of year $885,473

  • 3 · Pledges and grants receivable

    end of year $1,000,000

  • 4 · Accounts receivable

    beginning of year $9,258

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,407 · end of year $43,682

  • 15 · Other assets

    beginning of year $0 · end of year $350,432

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,385 · end of year $32,226

  • 25 · Other liabilities

    beginning of year $0 · end of year $192,927

  • 27 · Net assets without donor restrictions

    beginning of year $530,134 · end of year $1,054,434

  • 28 · Net assets with donor restrictions

    beginning of year $500,000 · end of year $1,000,000

Mission and programs · 2023

Mission

OPEN NEW YORK IS A GRASSROOTS GROUP ADVOCATING FOR ABUNDANT HOMES AND LOWER RENT. THE ORGANIZATION BELIEVES IN HOUSING FOR ALL, HOUSING OF ALL TYPES, AND SUPPORT FOR MORE SOCIAL HOUSING, GOVERNMENT SUBSIDIZED HOUSING, AND MARKET RATE HOUSING. (CONTINUED ON SCHEDULE O)OPEN NEW YORK ADVOCATES FOR AFFORDABILITY AND ACCESSIBILITY FOR EVERYONE AND FOR AN END TO EXCLUSIONARY ZONING AND HOMEBUILDING POLICIES.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • OPEN NEW YORK WORKS TO OPEN OUR NEIGHBORHOODS TO MORE HOUSING SO THAT OUR NEIGHBORS, FRIENDS AND FAMILY CAN STAY. WE WANT MORE TENANT BARGAINING POWER, MORE INTEGRATION, MORE EQUITY, AND MORE ACCESS TO THE BEST CITY IN THE WORLD.

    Expenses $778,734

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

Listed in Part VII

  • Michelle Kuppersmith

    PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Jessica Lang

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ben Furnas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sachi Takahashi-Rial

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Annemarie Gray

    EXECUTIVE DIRECTOR

    Total calculated
    $185,435
    From this org
    $176,000
    From related orgs
    $0
    Other
    $9,435
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $176,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,435
    Filer's total
    $185,435

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349309368

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