Form 990 for tax year 2023
Filed by EVERGREEN INC-YOUR NORTH BROOKLYN BUSINESS EXCHANGE.
Totals
- Total revenue
- $1,372,487
- Total expenses
- $1,684,662
- Contributions and grants received
- $724,273
- Grants paid
- $0
- Program service revenue
- $592,436
- Investment income
- $0
- Other revenue
- $55,778
- Total assets, end of year
- $12,499,878
- Total liabilities, end of year
- $2,294,236
- Net assets or fund balances, end of year
- $10,205,642
- Program services expenses (Part IX)
- $1,383,438
- Management and general expenses
- $280,694
- Fundraising expenses
- $20,530
- Program service expenses (Part III)
- $1,383,438
Program services were 82.1% 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.
-
1b · Membership dues
$30,475
-
1c · Fundraising events
$104,052
-
1e · Government grants (contributions)
$441,736
-
1f · All other contributions, gifts and grants
$148,010
-
2a · Program service revenue: RENTAL INCOME
total $560,436 · related or exempt $560,436
-
2b · Program service revenue: FEE FOR SERVICE INCOME
total $32,000 · related or exempt $32,000
-
8a · Fundraising events: gross income
$16,988
-
8a · Fundraising events: contributions included on line 1c
$104,052
-
8b · Fundraising events: direct expenses
$16,988
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $55,778 · excluded $55,778
-
11e · Other revenue, total
$55,778
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $141,487 · program services $119,181 · management and general $22,306
-
7 · Other salaries and wages
total $293,995 · program services $210,626 · management and general $83,369
-
8 · Pension plan contributions
total $16,595 · program services $12,052 · management and general $4,543
-
9 · Other employee benefits
total $61,494 · program services $43,864 · management and general $17,630
-
10 · Payroll taxes
total $33,453 · program services $24,296 · management and general $9,157
-
11b · Fees: legal
total $15,016 · program services $15,016
-
11c · Fees: accounting
total $96,991 · program services $51,049 · management and general $45,942
-
11g · Fees: other
total $237,383 · program services $233,929 · management and general $3,454
-
13 · Office expenses
total $36,707 · program services $25,461 · management and general $11,246
-
16 · Occupancy
total $104,804 · program services $96,692 · management and general $8,112
-
17 · Travel
total $12,222 · management and general $12,222
-
20 · Interest
total $121,845 · program services $121,845
-
22 · Depreciation, depletion and amortization
total $370,333 · program services $370,333
-
23 · Insurance
total $68,147 · program services $49,492 · management and general $18,655
-
24a · Other expenses: OTHER EPENSES
total $35,951 · program services $4,912 · management and general $31,039
-
24b · Other expenses: EVENT EXPENSES
total $20,530 · fundraising $20,530
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $11,332 · program services $4,690 · management and general $6,642
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $6,377 · management and general $6,377
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $51,925 · end of year $593,873
-
2 · Savings and temporary cash investments
beginning of year $85,286 · end of year $85,258
-
3 · Pledges and grants receivable
beginning of year $63,367 · end of year $95,585
-
4 · Accounts receivable
beginning of year $13,211 · end of year $8,430
-
9 · Prepaid expenses and deferred charges
beginning of year $41,682 · end of year $35,318
-
10a · Land, buildings and equipment: cost or other basis
$14,392,770
-
10b · Land, buildings and equipment: accumulated depreciation
$2,711,356
-
10c · Land, buildings and equipment, net
beginning of year $12,051,747 · end of year $11,681,414
-
17 · Accounts payable and accrued expenses
beginning of year $189,191 · end of year $197,389
-
19 · Deferred revenue
beginning of year $6,374 · end of year $527,535
-
21 · Escrow or custodial account liability
beginning of year $47,556 · end of year $59,852
-
23 · Secured mortgages and notes payable
beginning of year $1,546,280 · end of year $1,509,460
-
27 · Net assets without donor restrictions
beginning of year $3,542,950 · end of year $3,496,042
-
28 · Net assets with donor restrictions
beginning of year $6,974,867 · end of year $6,709,600
Mission and programs · 2023
Mission
EVERGREEN INC. IS A MEMBERSHIP ORGANIZATION THAT PROMOTES THE DEVELOPMENT RETENTION OF PRODUCTION, MANUFACTURING AND INDUSTRIAL SERVICE BUSINESSES THUS IMPROVING NEIGHBORHOODS IN NORTH BROOKLYN AND SURROUNDING COMMUNITIES BY CONNECTING (CONTINUE ON SCHEDULE O) BUSINESSES WITH RESOURCES AND OPPORTUNITIES TO MAXIMIZE THEIR COMPETITIVE ADVANTAGE IN THE MARKETPLACE.
Activities or mission (Part I)
INDUSTRIAL AND NEIGHBORHOOD DEVELOPMENT AND REVITALIZATION
-
IN 2023, EVERGREEN RENTED MANUFACTURING AND INDUSTRIAL RENTAL REAL ESTATE TO 7 SMALL BUSINESSES AT A SUBSIDIZED RATE TO PRESERVE MANUFACTURING AND INDUSTRY IN NORTH BROOKLYN.
Expenses $744,238 · Revenue $560,436
-
IN 2023 EVERGREEN STAFF SERVED 181 INDIVIDUAL BUSINESSES. BUSINESS CLIENTS LOOKED TO EVERGREEN FOR A WIDE VARIETY OF SERVICES; THE MOST FREQUENTLY REQUESTED SERVICES WERE BUSINESS PLANNING AND ASSISTANCE ACCESSING FINANCING AND INCENTIVES. EVERGREEN WAS ABLE TO HELP EIGHT LOCAL FIRMS APPLY FOR 15 DIFFERENT INCENTIVES. EVERGREEN ANSWERED 50 REQUESTS FOR FINANCING RELATED INQUIRIES AND ASSISTANCE IN 2023. EVERGREEN HELPED BUSINESSES QUALIFY FOR THREE LOANS AND ONE GRANT FOR A TOTAL OF $227,360 IN FINANCING PREDOMINANTLY FOR WORKING CAPITAL. SINCE 2007, OUR STAFF HAS HELPED LOCAL BUSINESSES OBTAIN $62,349,883 IN FINANCING. TWENTY-NINE FIRMS ATTENDED OUR INFORMATIONAL WORKSHOPS AND 20 ATTENDED OUR MULTI-WEEK SEMINARS. ONE HUNDRED TWENTY-TWO FIRMS RECEIVED ONE-ON-ONE ASSISTANCE FROM EVERGREEN STAFF ON OVER 158 ISSUES.
Expenses $639,200 · Revenue $32,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tod GreenfieldTOD GREENFIELD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Joe Robles JrJOE ROBLES JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Zachary WeinerZACHARY WEINER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ernie WongERNIE WONG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Winston WhiteWINSTON WHITE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gina ArgentoGINA ARGENTO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Naomi CooperNAOMI COOPER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jen DurbinJEN DURBIN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Taylor ErkkinenTAYLOR ERKKINEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie GitlinSTEPHANIE GITLIN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Grady LairdGRADY LAIRD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lucky LeeLUCKY LEE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jose LeonJOSE LEON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dean MorelliDEAN MORELLI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rania SedhomRANIA SEDHOM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel SklaarDANIEL SKLAAR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandy WeinerSANDY WEINER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leah ArchibaldLEAH ARCHIBALD
EXECUTIVE DIRECTOR
- Total calculated
- $141,487
- From this org
- $134,614
- From related orgs
- $0
- Other
- $6,873
- Hours/week
- 35
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.
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.
-
NORTH BROOKLYN INDUSTRIAL CENTER LLC
INDUSTRIAL SPACE RENTAL · NY · income $396,300 · assets $4,920,152
Directly controlled by EVERGREEN INC
-
500 STAGG STREET LLC
INDUSTRIAL SPACE RENTAL · NY · income $209,690 · assets $6,902,533
Directly controlled by EVERGREEN INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412549349300226
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