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Nonprofiteer
← THE CRENULATED COMPANY LTD

Form 990 for tax year 2024

Filed by THE CRENULATED COMPANY LTD.

Totals

Total revenue
$9,425,195
Total expenses
$10,591,717
Contributions and grants received
$8,345,512
Grants paid
$0
Program service revenue
$848,466
Investment income
$32,184
Other revenue
$199,033
Total assets, end of year
$4,686,218
Total liabilities, end of year
$2,021,250
Net assets or fund balances, end of year
$2,664,968
Program services expenses (Part IX)
$9,523,644
Management and general expenses
$753,532
Fundraising expenses
$314,541
Program service expenses (Part III)
$9,523,644

Program services were 89.9% 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.

  • 1a · Federated campaigns

    $31,625

  • 1d · Related organizations

    $265,000

  • 1e · Government grants (contributions)

    $5,778,771

  • 1f · All other contributions, gifts and grants

    $2,270,116

  • 2a · Program service revenue: TUITION AND MEMBERS' D

    total $453,093 · related or exempt $453,093

  • 2b · Program service revenue: COMMUNITY SERVICE PROG

    total $395,373 · related or exempt $395,373

  • 3 · Investment income

    total $32,184 · excluded $32,184

  • 6a · Gross rents

    real property $182,302

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $182,302

  • 6d · Net rental income or loss

    total $182,302 · excluded $182,302

  • 11d · All other revenue

    total $16,731 · related or exempt $16,731

  • 11e · Other revenue, total

    $16,731

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,308 · program services $142,141 · management and general $4,479 · fundraising $5,688

  • 7 · Other salaries and wages

    total $5,927,214 · program services $5,531,552 · management and general $174,301 · fundraising $221,361

  • 8 · Pension plan contributions

    total $101,254 · program services $79,301 · management and general $18,683 · fundraising $3,270

  • 9 · Other employee benefits

    total $542,681 · program services $425,020 · management and general $100,132 · fundraising $17,529

  • 10 · Payroll taxes

    total $496,938 · program services $462,988 · management and general $15,501 · fundraising $18,449

  • 11b · Fees: legal

    total $23,893 · management and general $23,893

  • 11c · Fees: accounting

    total $247,268 · program services $236,960 · management and general $10,308

  • 11d · Fees: lobbying

    total $49,260 · program services $49,260

  • 11g · Fees: other

    total $409,215 · program services $260,097 · management and general $135,285 · fundraising $13,833

  • 12 · Advertising and promotion

    total $12,736 · program services $3,906 · management and general $8,830

  • 13 · Office expenses

    total $870,545 · program services $757,234 · management and general $84,140 · fundraising $29,171

  • 16 · Occupancy

    total $275,068 · program services $266,104 · management and general $8,964

  • 17 · Travel

    total $224,562 · program services $191,558 · management and general $32,919 · fundraising $85

  • 19 · Conferences, conventions and meetings

    total $101,864 · program services $76,040 · management and general $25,711 · fundraising $113

  • 22 · Depreciation, depletion and amortization

    total $122,234 · program services $89,322 · management and general $32,912

  • 23 · Insurance

    total $236,175 · program services $236,175

  • 24a · Other expenses: STIPENDS

    total $491,008 · program services $485,022 · management and general $5,879 · fundraising $107

  • 24b · Other expenses: FOOD AND REFRESHMENT

    total $130,805 · program services $108,389 · management and general $22,031 · fundraising $385

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $34,196 · program services $30,484 · management and general $3,712

  • 24d · Other expenses: BAD DEBT

    total $25,984 · program services $25,834 · management and general $150

  • 24e · All other expenses

    total $116,509 · program services $66,257 · management and general $45,702 · fundraising $4,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,842 · end of year $656,329

  • 2 · Savings and temporary cash investments

    beginning of year $130,229 · end of year $20,166

  • 3 · Pledges and grants receivable

    beginning of year $2,925,593 · end of year $1,825,703

  • 7 · Other notes and loans receivable

    beginning of year $1,150,492 · end of year $1,181,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,777 · end of year $136,932

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

    $706,593

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

    $453,238

  • 10c · Land, buildings and equipment, net

    beginning of year $249,519 · end of year $253,355

  • 14 · Intangible assets

    beginning of year $78,364 · end of year $51,850

  • 15 · Other assets

    beginning of year $560,291 · end of year $560,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $945,618 · end of year $917,135

  • 19 · Deferred revenue

    end of year $8,489

  • 25 · Other liabilities

    beginning of year $715,999 · end of year $1,095,626

  • 27 · Net assets without donor restrictions

    beginning of year $2,897,484 · end of year $1,620,020

  • 28 · Net assets with donor restrictions

    beginning of year $934,006 · end of year $1,044,948

Mission and programs · 2024

Mission

THE ORGANIZATION OFFERS TO ITS RESIDENTS AND TO THE LARGER COMMUNITY, OPPORTUNITIES FOR ORGANIZED CIVIC ENGAGEMENT, ADULT EDUCATION CLASSES AND A WIDE RANGE OF YOUTH DEVELOPMENT PROGRAMS FOCUSED ON EDUCATIONAL ACHIEVEMENT, COMMUNITY SERVICE, LEADERSHIP DEVELOPMENT, RECREATIONAL OUTDOOR ADVENTURES AND THE ARTS THROUGH A RELATED ENTITY THAT OWNS A COMMUNITY CENTER IN THE BRONX, NEW YORK. THE ORGANIZATION PROVIDES SUPPORT FOR AFFORDABLE HOUSING PROJECTS, THROUGH THEIR OWNED AND OPERATED BY ITS RELATED ENTITIES.

Activities or mission (Part I)

ROOTED IN THE BRONX, WE STAND WITH COMMUNITY MEMBERS TO BREAK SYSTEMIC BARRIERS, ADVANCE JUSTICE, PROMOTE LEADERSHIP AND STRENGTHEN NEIGHBORHOODS. BY ENSURING AGENCY AROUND EDUCATION, EMPLOYMENT, HOUSING, WELLNESS AND CREATIVE EXPRESSION, WE HELP CULTIVATE AN EQUITABLE SOCIETY WHERE INDIVIDUALS AND FAMILIES HAVE THE POWER TO USE THEIR VOICE TO CREATE THE CHANGE THEY WISH TO SEE.

  • COMMUNITY SERVICES & EDUCATIONAL PROGRAMS: THE CRENULATED COMPANY,LTD. SERVES THE COMMUNITY WITH PROGRAMS LIKE THE COLLEGE ACCESS CENTER AND THE PARENTS ACTION COMMITTEE, WHICH PROVIDE IMPORTANT RESOURCES TO THE NEIGHBORHOOD'S YOUTH AND FAMILIES. THE CRENULATED COMPANY, LTD. COLLABORATES CLOSELY WITH A WIDE RANGE OF EDUCATIONAL INSTITUTIONS, HOUSING AND COMMUNITY DEVELOPMENT ORGANIZATIONS, BUSINESSES, YOUTH DEVELOPMENT AND SOCIAL SERVICE AGENCIES IN THE NEIGHBORHOOD, BRONX-WIDE, ACROSS NYC AND STATE, AND NATIONALLY.

    Expenses $9,523,644 · Revenue $865,197

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

Listed in Part VII

  • BELLA TABASSUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRYAN FRYER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • CAROL LAMBERG

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES S WARREN

    OUTGOING PRESIDENT/ CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • CHI NGUYEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHUCK WARREN

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • CRISTAL ESPEJO

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID G RICHARDSON

    OUTGOING VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • DJ LANGIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DR MEISHA PORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • IAN BROADWATER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JACK DOYLE

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JEAN CLEARY

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN VALLADARES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • LATOYA JOYNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RACHEL GROSSMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • RUTH E PEREZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • WAHEERA MARDAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JUDITH HERBSTMAN

    PRESIDENT

    Total calculated
    $316,588
    From this org
    $0
    From related orgs
    $278,757
    Other
    $37,831
    Hours/week
    0.5 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,757 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $31,831 related
    Filer's total
    $0 + $316,588 related

  • KRISTEN ANDREAZZA

    CFO

    Total calculated
    $168,135
    From this org
    $0
    From related orgs
    $143,712
    Other
    $24,423
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,712 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,000 related
    Nontaxable benefits
    $0 + $18,423 related
    Filer's total
    $0 + $168,135 related

  • RIGAUD NOEL

    EXECUTIVE DIRECTOR

    Total calculated
    $217,120
    From this org
    $42,050
    From related orgs
    $173,966
    Other
    $1,104
    Hours/week
    3.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $42,050 + $173,966 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,104 related
    Filer's total
    $42,050 + $175,070 related

  • JAVIEL VEGA

    DIRECTOR OF WORKFORCE DEVELOPMENT

    Total calculated
    $121,223
    From this org
    $105,409
    From related orgs
    $0
    Other
    $15,814
    Hours/week
    40

  • JEANNETTE GUTIERREZ

    DIRECTOR OF OPERATIONS

    Total calculated
    $130,639
    From this org
    $113,365
    From related orgs
    $0
    Other
    $17,274
    Hours/week
    40

  • JUAN OTERO

    NSCC BLDG ENGINEER

    Total calculated
    $138,970
    From this org
    $109,956
    From related orgs
    $0
    Other
    $29,014
    Hours/week
    40

  • LEIGH REID

    DIRECTOR OF DEVELOPMENT AND COMMS

    Total calculated
    $112,750
    From this org
    $109,494
    From related orgs
    $0
    Other
    $3,256
    Hours/week
    40

  • LORRAINE HERNANDEZ

    DIRECTOR

    Total calculated
    $138,927
    From this org
    $134,877
    From related orgs
    $0
    Other
    $4,050
    Hours/week
    40

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE EXEUCTIVE DIRECTOR IS DETERMINED BY THE PARENT ORGANIZATION, SETTLEMENT HOUSING FUND.
PART I, LINE 7
INCLUDED IN COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S 2024 W-2.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.5
Source object
202601109349300200

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