Form 990 for tax year 2022
Filed by HARLEM COMMONWEALTH COUNCIL INC.
Totals
- Total revenue
- $4,589,344
- Total expenses
- $4,059,208
- Contributions and grants received
- $2,114,317
- Grants paid
- $0
- Program service revenue
- $2,304,775
- Investment income
- $60,662
- Other revenue
- $109,590
- Total assets, end of year
- $23,796,742
- Total liabilities, end of year
- $3,945,268
- Net assets or fund balances, end of year
- $19,851,474
- Program services expenses (Part IX)
- $1,400,108
- Management and general expenses
- $2,659,100
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,400,108
Program services were 34.5% 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)
$1,476,803
-
1f · All other contributions, gifts and grants
$637,514
-
2a · Program service revenue: Entrepreneur Loan Fund
total $70,738 · related or exempt $70,738
-
2b · Program service revenue: Intercompany Rent Income
total $1,729,256 · related or exempt $1,729,256
-
2c · Program service revenue: Mort. Int. - Subordinate
total $101,091 · related or exempt $101,091
-
2d · Program service revenue: Rental Income - Econ. Dev
total $403,690 · related or exempt $403,690
-
3 · Investment income
total $60,662 · excluded $60,662
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Intercompany Reimbursement
total $75,000 · related or exempt $75,000
-
11b · Other revenue: Other Income
total $34,590 · related or exempt $34,590
-
11e · Other revenue, total
$109,590
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $676,731 · management and general $676,731
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,049,516 · program services $763,195 · management and general $286,321
-
8 · Pension plan contributions
total $32,266 · program services $4,810 · management and general $27,456
-
9 · Other employee benefits
total $266,978 · program services $61,809 · management and general $205,169
-
10 · Payroll taxes
total $182,424 · program services $59,729 · management and general $122,695
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $60,205 · management and general $60,205
-
11c · Fees: accounting
total $142,869 · program services $3,210 · management and general $139,659
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $566,348 · program services $176,762 · management and general $389,586
-
12 · Advertising and promotion
total $3,428 · management and general $3,428
-
13 · Office expenses
total $220,032 · program services $125,555 · management and general $94,477
-
14 · Information technology
total $54,250 · program services $6,103 · management and general $48,147
-
15 · Royalties
total $0
-
16 · Occupancy
total $152,480 · program services $45,866 · management and general $106,614
-
17 · Travel
total $40,558 · program services $17,426 · management and general $23,132
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $7,036 · program services $1,625 · management and general $5,411
-
20 · Interest
total $42,216 · management and general $42,216
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $155,736 · management and general $155,736
-
23 · Insurance
total $47,161 · management and general $47,161
-
24a · Other expenses: Indirect cost
total $108,886 · program services $108,886
-
24b · Other expenses: Repairs and Maintenance
total $96,541 · management and general $96,541
-
24c · Other expenses: Bad Debt
total $75,857 · management and general $75,857
-
24d · Other expenses: Donation
total $34,050 · management and general $34,050
-
24e · All other expenses
total $43,640 · program services $25,132 · management and general $18,508
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $5,914,751
-
2 · Savings and temporary cash investments
beginning of year $6,193,879 · end of year $225,449
-
3 · Pledges and grants receivable
beginning of year $545,839 · end of year $529,144
-
4 · Accounts receivable
beginning of year $51,540 · end of year $2,057,736
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $53,594 · end of year $59,936
-
10a · Land, buildings and equipment: cost or other basis
$13,780,984
-
10b · Land, buildings and equipment: accumulated depreciation
$7,535,661
-
10c · Land, buildings and equipment, net
beginning of year $5,939,490 · end of year $6,245,323
-
11 · Investments: publicly traded securities
beginning of year $2,647,929 · end of year $2,841,195
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $5,472,805 · end of year $5,769,156
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $475,814 · end of year $154,052
-
17 · Accounts payable and accrued expenses
beginning of year $475,988 · end of year $805,913
-
19 · Deferred revenue
beginning of year $211,900 · end of year $9,630
-
25 · Other liabilities
beginning of year $3,106,904 · end of year $3,129,725
-
27 · Net assets without donor restrictions
beginning of year $17,586,098 · end of year $19,851,474
Mission and programs · 2022
Mission
Stimulate overall economic development through creation of enterprises, generation of jobs and improvement of services. Mission accomplished through community development projects, education, training, entrepreneurial loan program, and other support.
-
Entrepreneurship, EDUCATIONAL AND TRAINING PROGRAMS - IN SUPPORT OF THE DIRECT ECONOMIC DEVELOPMENT INITIATIVES,THE ORGANIZATION CONDUCTS PROGRAMS that deliver technical assistance to entrepreneurs, PROVIDES TRAINING in ADULT LITERACY, OFFICE AND COMPUTER SKILLS, MENTORING TO YOUNG ADULTS IN THE CRIMINAL Justice System and After School programming.
Expenses $1,400,108
As filed on the 2022 return.
Listed in Part VII
-
E Hamil Douglas
President & CEO
- Total calculated
- $220,627
- From this org
- $17,650
- From related orgs
- $202,977
- Other
- $0
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $17,650 + $202,977 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $17,650 + $202,977 related
-
Suzanne Hurley
Vice President
- Total calculated
- $161,627
- From this org
- $105,058
- From related orgs
- $56,569
- Other
- $0
- Hours/week
- 26 + 14 related
Schedule J breakdown matched by us
- Base
- $105,058 + $56,569 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $105,058 + $56,569 related
-
Terri-Ann Smith
Senior Lending Dir
- Total calculated
- $122,603
- From this org
- $122,603
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ericka Powell-Sinclair
Sr. Compliance Dir
- Total calculated
- $111,522
- From this org
- $111,522
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ayesha Codrington
Dir. of Finance
- Total calculated
- $111,407
- From this org
- $44,563
- From related orgs
- $66,844
- Other
- $0
- Hours/week
- 16 + 24 related
-
Christian Damiba
Program Director
- Total calculated
- $105,133
- From this org
- $105,133
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Joseph L Tait
COO
- Total calculated
- $100,000
- From this org
- $0
- From related orgs
- $100,000
- Other
- $0
- Hours/week
- 10 + 30 related
-
Anthony D Watson
Chairman
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Michelle Hardy
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Robert Horsford
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Barbara Askins
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Richard Shaw
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Michael T Johnson
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Zevilla Jackson-Preston
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sharon Joseph
Board Member
- Total calculated
- $0
- Hours/week
- 1
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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.
-
Commonwealth Local Development Corp
501(c)(3) · Community Eco. Dev't. Projects · NY · controlled entity
Directly controlled by Harlem Commonwealth Council Inc
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.
-
Harlem Entrepreneurial Fund LLC
Entrepreneurial Small Bus. Loan Prog. · NY · income $972,447 · assets $5,578,166
Directly controlled by Harlem Commonwealth Council Inc
-
Community Eco. Development Projects · NY · income $509,457 · assets $1,944,336
Directly controlled by Commonwealth Holding Co Inc
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C Corp · Holding Company · NY · 100% owned · share of income $362,347 · share of assets $1,141,881 · controlled entity
Directly controlled by Harlem Commonwealth
-
Commonwealth Industrial Parks Inc
C Corp · Manages Development Projects · NY · 100% owned · share of income $2,360,546 · share of assets $19,753,798 · controlled entity
Directly controlled by Commonwealth Holding
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349314427
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