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← NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN CDC INC

Form 990 for tax year 2023

Filed by NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN CDC INC.

Totals

Total revenue
$2,492,628
Total expenses
$2,219,014
Contributions and grants received
$2,398,147
Grants paid
$0
Program service revenue
$25,238
Investment income
$32
Other revenue
$69,211
Total assets, end of year
$2,354,692
Total liabilities, end of year
$381,787
Net assets or fund balances, end of year
$1,972,905
Program services expenses (Part IX)
$1,872,178
Management and general expenses
$308,184
Fundraising expenses
$38,652
Program service expenses (Part III)
$1,872,178

Program services were 84.4% 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.

  • 1e · Government grants (contributions)

    $2,050,640

  • 1f · All other contributions, gifts and grants

    $347,507

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $25,238 · related or exempt $25,238

  • 3 · Investment income

    total $32 · related or exempt $32

  • 8a · Fundraising events: gross income

    $130,575

  • 8b · Fundraising events: direct expenses

    $61,364

  • 8c · Net income from fundraising events

    total $69,211

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,102,787 · program services $950,306 · management and general $143,610 · fundraising $8,871

  • 9 · Other employee benefits

    total $119,001 · program services $102,233 · management and general $15,448 · fundraising $1,320

  • 10 · Payroll taxes

    total $86,689 · program services $75,016 · management and general $11,337 · fundraising $336

  • 11e · Fees: professional fundraising services

    total $28,125 · fundraising $28,125

  • 11g · Fees: other

    total $58,837 · program services $46,000 · management and general $12,837

  • 13 · Office expenses

    total $111,641 · program services $23,113 · management and general $88,528

  • 16 · Occupancy

    total $229,636 · program services $195,507 · management and general $34,129

  • 19 · Conferences, conventions and meetings

    total $52,841 · program services $50,546 · management and general $2,295

  • 22 · Depreciation, depletion and amortization

    total $32,687 · program services $32,687

  • 24a · Other expenses: PROGRAM COSTS

    total $396,770 · program services $396,770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $767,126 · end of year $454,675

  • 4 · Accounts receivable

    beginning of year $385,447 · end of year $814,907

  • 9 · Prepaid expenses and deferred charges

    beginning of year $68,139 · end of year $37,717

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

    $910,072

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

    $96,668

  • 10c · Land, buildings and equipment, net

    beginning of year $838,662 · end of year $813,404

  • 15 · Other assets

    end of year $233,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,870 · end of year $49,466

  • 24 · Unsecured notes and loans payable

    beginning of year $288,213 · end of year $332,321

  • 27 · Net assets without donor restrictions

    beginning of year $1,505,771 · end of year $1,972,905

  • 28 · Net assets with donor restrictions

    beginning of year $193,520

Mission and programs · 2023

Mission

THE ORGANIZATIONS MISSION IS TO CREATE, DEVELOP AND MAINTAIN PROGRAMS TO PROVIDE AFFORDABLE AND SAFE HOUSING AND COMMUNITIES.

  • HOME REPAIR GRANTS (AHC)

    Expenses $564,069

  • OTHER COMMUNITY BASED HOUSING SERVICES

    Expenses $1,308,109

As filed on the 2023 return.

Listed in Part VII

  • Tonya Ores

    EXECUTIVE DI

    Total calculated
    $168,133
    From this org
    $168,133
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,133
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $168,133

  • Serghio Adams

    PRESIDENT

    Total calculated
    $0

  • Lois Locke

    DIRECTOR

    Total calculated
    $0

  • Andrea Hodge

    DIRECTOR

    Total calculated
    $0

  • Juny Francois

    DIRECTOR

    Total calculated
    $0

  • Raul Van Rossum

    VICE PRESIDE

    Total calculated
    $0

  • R Gary Campbell

    TREASURER

    Total calculated
    $0

  • Marjorie Faison

    DIRECTOR

    Total calculated
    $0

  • Yury Polonsky

    DIRECTOR

    Total calculated
    $0

  • Lyndrew Nesmith

    DIRECTOR

    Total calculated
    $0

  • Carol Reneau

    SECRETARY

    Total calculated
    $0

  • Patricia Strong

    DIRECTOR

    Total calculated
    $0

  • Ravesh Kumar

    DIRECTOR

    Total calculated
    $0

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 March 2024
IRS schema version
2023v5.0
Source object
202441369349302989

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