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Nonprofiteer
← BOWERY RESIDENTS COMMITTEE INC

Form 990 for tax year 2023

Filed by BOWERY RESIDENTS COMMITTEE INC.

Totals

Total revenue
$184,820,254
Total expenses
$186,723,811
Contributions and grants received
$173,659,409
Grants paid
$0
Program service revenue
$8,766,895
Investment income
$570,745
Other revenue
$1,823,205
Total assets, end of year
$315,709,299
Total liabilities, end of year
$297,602,489
Net assets or fund balances, end of year
$18,106,810
Program services expenses (Part IX)
$165,003,114
Management and general expenses
$20,507,258
Fundraising expenses
$1,213,439
Program service expenses (Part III)
$165,003,114

Program services were 88.4% 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.

  • 1c · Fundraising events

    $1,147,219

  • 1e · Government grants (contributions)

    $169,776,420

  • 1f · All other contributions, gifts and grants

    $2,735,770

  • 2a · Program service revenue: MEDICAID

    total $4,776,327 · related or exempt $4,776,327

  • 2b · Program service revenue: RENTAL INCOME

    total $2,531,268 · related or exempt $2,531,268

  • 2c · Program service revenue: PROGRAM FEES

    total $1,459,300 · related or exempt $1,459,300

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $527,619 · excluded $527,619

  • 6a · Gross rents

    real property $150,367

  • 6c · Rental income or loss

    real property $150,367 · personal property $0

  • 6d · Net rental income or loss

    total $150,367 · excluded $150,367

  • 7a · Gross sales of assets other than inventory

    securities $43,126

  • 7c · Gain or loss

    securities $43,126 · other assets $0

  • 7d · Net gain or loss

    total $43,126 · excluded $43,126

  • 8a · Fundraising events: gross income

    $331,055

  • 8a · Fundraising events: contributions included on line 1c

    $1,147,219

  • 8b · Fundraising events: direct expenses

    $352,625

  • 8c · Net income from fundraising events

    total -$21,570 · excluded -$21,570

  • 11a · Other revenue: MISCELLANEOUS

    total $1,525,283 · excluded $1,525,283

  • 11b · Other revenue: MANAGEMENT FEES

    total $169,125 · excluded $169,125

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,694,408

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,134,337 · management and general $1,134,337

  • 7 · Other salaries and wages

    total $65,566,709 · program services $56,763,865 · management and general $8,081,263 · fundraising $721,581

  • 8 · Pension plan contributions

    total $2,724,451 · program services $2,370,901 · management and general $322,109 · fundraising $31,441

  • 9 · Other employee benefits

    total $9,843,665 · program services $8,439,332 · management and general $1,292,417 · fundraising $111,916

  • 10 · Payroll taxes

    total $4,788,289 · program services $4,063,694 · management and general $670,705 · fundraising $53,890

  • 11b · Fees: legal

    total $293,775 · management and general $293,775

  • 11c · Fees: accounting

    total $201,387 · management and general $201,387

  • 11e · Fees: professional fundraising services

    total $21,570 · fundraising $21,570

  • 11g · Fees: other

    total $13,289,262 · program services $11,878,871 · management and general $1,373,527 · fundraising $36,864

  • 13 · Office expenses

    total $5,347,050 · program services $4,789,549 · management and general $431,335 · fundraising $126,166

  • 16 · Occupancy

    total $62,856,298 · program services $60,890,010 · management and general $1,881,521 · fundraising $84,767

  • 17 · Travel

    total $63,395 · program services $51,751 · management and general $11,351 · fundraising $293

  • 19 · Conferences, conventions and meetings

    total $1,289,327 · program services $621,230 · management and general $659,728 · fundraising $8,369

  • 20 · Interest

    total $238,009 · program services $215,510 · management and general $22,499

  • 22 · Depreciation, depletion and amortization

    total $2,215,392 · program services $1,327,162 · management and general $885,306 · fundraising $2,924

  • 23 · Insurance

    total $2,867,221 · program services $2,740,431 · management and general $116,726 · fundraising $10,064

  • 24a · Other expenses: CLIENT EXPENSE

    total $7,793,534 · program services $7,766,209 · management and general $24,993 · fundraising $2,332

  • 24b · Other expenses: FOOD

    total $2,501,756 · program services $2,501,756

  • 24c · Other expenses: BAD DEBT

    total $2,479,907 · management and general $2,479,907

  • 24d · Other expenses: MISCELLANEOUS

    total $1,208,477 · program services $582,843 · management and general $624,372 · fundraising $1,262

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,794,651 · end of year $4,351,868

  • 2 · Savings and temporary cash investments

    beginning of year $1,539,099 · end of year $2,503,601

  • 3 · Pledges and grants receivable

    beginning of year $801,076 · end of year $698,375

  • 4 · Accounts receivable

    beginning of year $25,758,899 · end of year $22,192,986

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,225,755 · end of year $2,470,732

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

    $53,525,920

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

    $22,993,246

  • 10c · Land, buildings and equipment, net

    beginning of year $29,889,957 · end of year $30,532,674

  • 12 · Investments: other securities

    beginning of year $100

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $269,857,999 · end of year $252,959,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,114,165 · end of year $25,372,766

  • 19 · Deferred revenue

    beginning of year $2,414,822 · end of year $605,759

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $5,951,308 · end of year $2,091,499

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000

  • 25 · Other liabilities

    beginning of year $285,005,050 · end of year $269,532,465

  • 27 · Net assets without donor restrictions

    beginning of year $18,635,401 · end of year $17,693,981

  • 28 · Net assets with donor restrictions

    beginning of year $746,790 · end of year $412,829

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

HELPING PEOPLE RECLAIM LIVES LOST: WE RESTORE HOPE AND DIGNITY BY OFFERING OPPORTUNITIES FOR HEALTH AND SELF-SUFFICIENCY.

  • GATEWAY SERVICES - SEE SCHEDULE O

    Expenses $69,945,164

  • HOMELESS SERVICES - SEE SCHEDULE O

    Expenses $62,113,959

  • HOUSING SERVICES - SEE SCHEDULE O

    Expenses $18,698,918 · Revenue $2,531,268

  • TREATMENT SERVICES - SEE SCHEDULE O

    Expenses $14,245,073 · Revenue $6,235,627

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

Listed in Part VII

  • Antonio Molestina

    SECRETARY

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Julie Salamon

    CHAIR

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Lawrence Graham

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Marcy Wilkov

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Matthew Sirovich

    TREASURER

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Richard Swanson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Brouck Amerga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Sauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danny Bloom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Berg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Devon Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joanne Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julia Hodgson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathryn Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leslie Wildes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Philip R Pitruzzello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Eaddy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rose Ostrow

    DIRECTOR (THRU 3/2023)

    Total calculated
    $0
    Hours/week
    2

  • Simon Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steven M Safyer MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd R Snyder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lawrence Rosenblatt

    CEO AND PRESIDENT

    Total calculated
    $475,892
    From this org
    $400,503
    From related orgs
    $0
    Other
    $75,389
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $395,738
    Bonus
    $0
    Other
    $4,765
    Deferred
    $23,825
    Nontaxable benefits
    $51,564
    Filer's total
    $475,892

  • Lilia Marini-Calves

    CHIEF FINANCIAL OFFICER

    Total calculated
    $358,274
    From this org
    $307,271
    From related orgs
    $0
    Other
    $51,003
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $305,931
    Bonus
    $0
    Other
    $1,340
    Deferred
    $13,375
    Nontaxable benefits
    $37,628
    Filer's total
    $358,274

  • Kelly Quirk

    CHIEF PROGRAM OFFICER

    Total calculated
    $261,635
    From this org
    $245,168
    From related orgs
    $0
    Other
    $16,467
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $244,952
    Bonus
    $0
    Other
    $216
    Deferred
    $16,467
    Nontaxable benefits
    $0
    Filer's total
    $261,635

  • Arjun Viswanathan

    PSYCHIATRIC NURSE PRACTITIONER

    Total calculated
    $359,088
    From this org
    $327,942
    From related orgs
    $0
    Other
    $31,146
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $327,002
    Bonus
    $0
    Other
    $940
    Deferred
    $14,253
    Nontaxable benefits
    $16,893
    Filer's total
    $359,088

  • David Tatum

    CHIEF OF STAFF

    Total calculated
    $335,480
    From this org
    $258,181
    From related orgs
    $0
    Other
    $77,299
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $254,655
    Bonus
    $0
    Other
    $3,526
    Deferred
    $16,926
    Nontaxable benefits
    $60,373
    Filer's total
    $335,480

  • Jules Mayard

    MEDICAL DOCTOR

    Total calculated
    $249,563
    From this org
    $239,025
    From related orgs
    $0
    Other
    $10,538
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $237,578
    Bonus
    $0
    Other
    $1,447
    Deferred
    $2,662
    Nontaxable benefits
    $7,876
    Filer's total
    $249,563

  • Mahalia Previlus

    MEDICAL DIR. SUBSTANCE ABUSE

    Total calculated
    $286,978
    From this org
    $249,575
    From related orgs
    $0
    Other
    $37,403
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $249,221
    Bonus
    $0
    Other
    $354
    Deferred
    $12,379
    Nontaxable benefits
    $25,024
    Filer's total
    $286,978

  • Nicole Clare

    CHIEF REAL ESTATE DEVELOPMENT OFFICER

    Total calculated
    $275,499
    From this org
    $232,794
    From related orgs
    $0
    Other
    $42,705
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $231,845
    Bonus
    $0
    Other
    $949
    Deferred
    $15,541
    Nontaxable benefits
    $27,164
    Filer's total
    $275,499

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 · 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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 902 LIBERTY AVENUE LP

    REAL ESTATE · NY · 1% owned

  • BRC LANDING ROAD II LP

    REAL ESTATE · NY · 1% owned

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 93 PITT STREET GP INC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

  • 139-141 AVENUE D GP INC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

  • 902 LIBERTY AVENUE GP INC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

  • BRC AMSTERDAM LLC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

  • BRC BCD MEMBER LLC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

  • BRC INWOOD II HDFC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

  • BRC LANDING II GP INC

    C Corporation · HOUSING · NY · 100% owned · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349304661

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