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Nonprofiteer
← DELANCEY STREET/NEW MEXICO INC

Form 990 for tax year 2024

Filed by DELANCEY STREET/NEW MEXICO INC.

Totals

Total revenue
$1,548,262
Total expenses
$1,633,353
Contributions and grants received
$713,634
Grants paid
$0
Program service revenue
$574,812
Investment income
$45,718
Other revenue
$214,098
Total assets, end of year
$2,632,781
Total liabilities, end of year
$113,328
Net assets or fund balances, end of year
$2,519,453
Program services expenses (Part IX)
$1,542,021
Management and general expenses
$85,689
Fundraising expenses
$5,643
Program service expenses (Part III)
$1,542,021

Program services were 94.4% 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

    $713,634

  • 1g · Noncash contributions included above

    $524,308

  • 2a · Program service revenue: VOCATIONAL TRAINING

    total $574,812 · related or exempt $574,812

  • 3 · Investment income

    total $45,718 · excluded $45,718

  • 10a · Gross sales of inventory

    $526,971

  • 10b · Cost of goods sold

    $318,611

  • 10c · Net income from sales of inventory

    total $208,360 · related or exempt $208,360

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $5,738 · excluded $5,738

  • 11e · Other revenue, total

    $5,738

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $39,741 · management and general $39,741

  • 11g · Fees: other

    total $62,387 · program services $49,910 · management and general $12,477

  • 12 · Advertising and promotion

    total $7,645 · program services $7,645

  • 13 · Office expenses

    total $270,847 · program services $264,076 · management and general $2,708 · fundraising $4,063

  • 14 · Information technology

    total $176 · program services $171 · management and general $3 · fundraising $2

  • 16 · Occupancy

    total $315,584 · program services $306,116 · management and general $7,890 · fundraising $1,578

  • 17 · Travel

    total $154,537 · program services $152,992 · management and general $1,545

  • 20 · Interest

    total $535 · program services $535

  • 22 · Depreciation, depletion and amortization

    total $81,990 · program services $61,492 · management and general $20,498

  • 23 · Insurance

    total $3,309 · program services $2,482 · management and general $827

  • 24a · Other expenses: DONATED GOODS EXPENSE

    total $524,308 · program services $524,308

  • 24b · Other expenses: FOOD EXPENSE

    total $139,677 · program services $139,677

  • 24c · Other expenses: STIPEND

    total $12,715 · program services $12,715

  • 24d · Other expenses: RESIDENT GRADUATION EXP

    total $11,844 · program services $11,844

  • 24e · All other expenses

    total $8,058 · program services $8,058

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,440 · end of year $379,008

  • 2 · Savings and temporary cash investments

    beginning of year $1,964,301 · end of year $1,810,019

  • 4 · Accounts receivable

    beginning of year $25,159 · end of year $23,730

  • 8 · Inventories for sale or use

    beginning of year $18,275 · end of year $31,150

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

    $1,385,839

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

    $996,965

  • 10c · Land, buildings and equipment, net

    beginning of year $408,553 · end of year $388,874

  • 15 · Other assets

    beginning of year $5,244 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,615 · end of year $77,497

  • 19 · Deferred revenue

    beginning of year $15,716 · end of year $35,831

  • 25 · Other liabilities

    beginning of year $6,097 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,604,544 · end of year $2,519,453

Mission and programs · 2024

Mission

THE REHABILITATION OF FORMER CRIMINALS, DRUG AND/OR ALCOHOL ABUSERS, EDUCATING THE PUBLIC ABOUT POVERTY, ALCOHOL AND SUBSTANCE ABUSE, OPERATE A LONG-TERM RESIDENTIAL EDUCATIONAL CENTER TEACHING ACADEMIC AND VOCATIONAL SKILLS, LIFE SKILLS, AND VALUES NEEDED LEADING TOWARDSLIFE IN THE MAINSTREAM OF SOCIETY; OPERATION OF INCOME PRODUCING TRAINING PROGRAMS AND RELATED TRAINING INSTITUTE.

Activities or mission (Part I)

PROVIDE LONG-TERM RESIDENTIAL HOUSING AND ON-THE-JOB VOCATIONAL TRAINING, EDUCATION AND BASIC LIFE SKILLS TO FORMER DRUG/ALCOHOL ABUSERS, HOMELESS AND OTHERS.

  • THE PROGRAM SERVED AN AVERAGE POPULATION OF 40 RESIDENTS. THE RESIDENTS ARE FORMER DRUG/ALCHOL ABUSERS, HOMELESS AND OTHERS. THE PROGRAM PROVIDES LONG TERM RESIDENTIAL HOUSING, ON-THE-JOB TRAINING, EDUCATION, AND BASIC LIFE SKILLS ON A 24-HOUR BASIS FOR A MINIMUM 2 YEAR PERIOD. SENIOR RESIDENTS SERVE AS "STAFF AND NO SALARIES ARE PAID. MANY RESIDENTS RECEIVE HIGH SCHOOL EQUIVALENCY OR ABOVE. ALL WHO GRADUATED HAVE OBTAINED GAINFUL EMPLOYMENT AND HAVE RETURNED TO VARIOUS COMMUNITIES AS DECENT, LAW-ABIDING INDIVIDUALS.

    Expenses $1,542,021 · Revenue $783,172

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

Listed in Part VII

  • David Silbert

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Erik Ortiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Greg Silbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Peter Palmisano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Rachelle Lim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Susan Margolis Balk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Mimi Silbert

    PRESIDENT/CEO

    Total calculated
    $577,593
    From this org
    $0
    From related orgs
    $379,165
    Other
    $198,428
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,500 related
    Bonus
    $0
    Other
    $0 + $66,665 related
    Deferred
    $0 + $38,500 related
    Nontaxable benefits
    $0 + $159,928 related
    Filer's total
    $0 + $577,593 related

  • Stephanie Muller

    SECRETARY

    Total calculated
    $227,034
    From this org
    $0
    From related orgs
    $108,425
    Other
    $118,609
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $75,000 related
    Bonus
    $0
    Other
    $0 + $33,425 related
    Deferred
    $0 + $19,500 related
    Nontaxable benefits
    $0 + $99,109 related
    Filer's total
    $0 + $227,034 related

  • Jerry Raymond

    TREASURER (TO 6/24)

    Total calculated
    $147,824
    From this org
    $0
    From related orgs
    $54,430
    Other
    $93,394
    Hours/week
    3 + 47 related

  • Michael Boris

    TREASURER (FROM 10/24)

    Total calculated
    $64,732
    From this org
    $0
    From related orgs
    $0
    Other
    $64,732
    Hours/week
    3 + 47 related

  • Theresa Lynch-Delane

    MANAGER

    Total calculated
    $219,730
    From this org
    $0
    From related orgs
    $108,425
    Other
    $111,305
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $75,000 related
    Bonus
    $0
    Other
    $0 + $33,425 related
    Deferred
    $0 + $19,500 related
    Nontaxable benefits
    $0 + $91,805 related
    Filer's total
    $0 + $219,730 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. 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

None.

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

The filer's explanations (Part III)

PART II COLUMN D: NONTAXABLE BENEFITS
AMOUNTS INCLUDED IN NONTAXABLE BENEFITS INCLUDE THE ESTIMATED VALUE OF MEALS AND LODGING PROVIDED ON BEHALF OF THROCKMORTON DBA DELANCEY STREET FOUNDATION AT AN AFFILIATE'S RESIDENTIAL REHABILITATION FACILITY AS A CONDITION OF EMPLOYMENT AND EXCLUDED FROM INCOME UNDER INTERNAL REVENUE CODE SECTION 119.

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
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513119349302571

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

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