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Nonprofiteer
← THE NEW YORK COMMUNITY TRUST

Form 990 for tax year 2023

Filed by THE NEW YORK COMMUNITY TRUST.

Totals

Total revenue
$282,473,287
Total expenses
$238,398,524
Contributions and grants received
$123,142,363
Grants paid
$193,074,024
Program services expenses (Part IX)
$202,914,438
Management and general expenses
$31,597,614
Fundraising expenses
$3,886,472
Program service expenses (Part III)
$202,914,438

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • VALERIE S PELTIER

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1.5 related

  • JAMIE DRAKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • STEPHEN C ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JUDITH O RUBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BARRON M TENNY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ANN UNTERBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • OBAID KHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • MALI SANANIKONE GAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • FERNANDO A BOHORQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JANE E SALMON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • KEVIN BYRNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • BRUCE M HOLLEY

    DIRECTOR (AS OF 04/2023)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • AMY FREITAG

    PRESIDENT

    Total calculated
    $967,936
    From this org
    $842,183
    From related orgs
    $0
    Other
    $125,753
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $832,189
    Bonus
    $0
    Other
    $9,994
    Deferred
    $75,819
    Nontaxable benefits
    $49,934
    Filer's total
    $967,936

  • KERRY E MCCARTHY

    VP & ASSISTANT SECRETARY

    Total calculated
    $482,051
    From this org
    $340,382
    From related orgs
    $0
    Other
    $141,669
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $332,853
    Bonus
    $5,000
    Other
    $2,529
    Deferred
    $121,024
    Nontaxable benefits
    $20,645
    Filer's total
    $482,051

  • SHAWN V MOREHEAD

    VP & ASSISTANT SECRETARY

    Total calculated
    $520,642
    From this org
    $401,745
    From related orgs
    $0
    Other
    $118,897
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $390,392
    Bonus
    $10,000
    Other
    $1,353
    Deferred
    $88,673
    Nontaxable benefits
    $30,224
    Filer's total
    $520,642

  • CARRIE TROWBRIDGE

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $491,072
    From this org
    $435,858
    From related orgs
    $0
    Other
    $55,214
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $424,976
    Bonus
    $10,000
    Other
    $882
    Deferred
    $46,312
    Nontaxable benefits
    $8,902
    Filer's total
    $491,072

  • TATIANA POHOTSKY

    CIO & ASSISTANT TREASURER

    Total calculated
    $363,173
    From this org
    $297,539
    From related orgs
    $0
    Other
    $65,634
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $296,433
    Bonus
    $0
    Other
    $1,106
    Deferred
    $45,877
    Nontaxable benefits
    $19,757
    Filer's total
    $363,173

  • MARIE D'COSTA

    VP & ASSISTANT SECRETARY

    Total calculated
    $355,782
    From this org
    $259,065
    From related orgs
    $0
    Other
    $96,717
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $251,536
    Bonus
    $5,000
    Other
    $2,529
    Deferred
    $63,834
    Nontaxable benefits
    $32,883
    Filer's total
    $355,782

  • AYANNA RUSSELL

    VP & ASSISTANT SECRETARY

    Total calculated
    $346,176
    From this org
    $246,177
    From related orgs
    $0
    Other
    $99,999
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $244,917
    Bonus
    $400
    Other
    $860
    Deferred
    $73,288
    Nontaxable benefits
    $26,711
    Filer's total
    $346,176

  • JOHN J ODDY

    VP & ASSISTANT SECRETARY

    Total calculated
    $311,633
    From this org
    $254,018
    From related orgs
    $0
    Other
    $57,615
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $245,137
    Bonus
    $5,000
    Other
    $3,881
    Deferred
    $51,287
    Nontaxable benefits
    $6,328
    Filer's total
    $311,633

  • IFRAN HASAN

    DEPUTY VP & ASSISTANT SECRETARY

    Total calculated
    $349,696
    From this org
    $241,280
    From related orgs
    $0
    Other
    $108,416
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $234,752
    Bonus
    $4,000
    Other
    $2,528
    Deferred
    $90,461
    Nontaxable benefits
    $17,955
    Filer's total
    $349,696

  • WEN WENG CPA

    CONTROLLER & ASSISTANT TREASURER

    Total calculated
    $316,654
    From this org
    $217,476
    From related orgs
    $0
    Other
    $99,178
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $204,463
    Bonus
    $10,500
    Other
    $2,513
    Deferred
    $71,733
    Nontaxable benefits
    $27,445
    Filer's total
    $316,654

  • LEISLE LIN

    CFO & TREASURER (THRU 07/2023)

    Total calculated
    $271,914
    From this org
    $249,553
    From related orgs
    $0
    Other
    $22,361
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $246,834
    Bonus
    $0
    Other
    $2,719
    Deferred
    $19,833
    Nontaxable benefits
    $2,528
    Filer's total
    $271,914

  • DOMINICK IMPEMBA

    COO, CFO & TREASURER (AS OF 07/2023)

    Total calculated
    $315,019
    From this org
    $259,337
    From related orgs
    $0
    Other
    $55,682
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $228,426
    Bonus
    $30,000
    Other
    $911
    Deferred
    $29,686
    Nontaxable benefits
    $25,996
    Filer's total
    $315,019

  • DAVID OKORN

    LCF EXECUTIVE DIRECTOR

    Total calculated
    $322,160
    From this org
    $229,091
    From related orgs
    $0
    Other
    $93,069
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $221,263
    Bonus
    $5,300
    Other
    $2,528
    Deferred
    $59,622
    Nontaxable benefits
    $33,447
    Filer's total
    $322,160

  • MARTIN LIPP THRU 082023

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $264,119
    From this org
    $233,808
    From related orgs
    $0
    Other
    $30,311
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $123,348
    Bonus
    $0
    Other
    $110,460
    Deferred
    $10,400
    Nontaxable benefits
    $19,911
    Filer's total
    $264,119

  • LAURA ROSSI

    WCF EXECUTIVE DIRECTOR

    Total calculated
    $292,098
    From this org
    $198,658
    From related orgs
    $0
    Other
    $93,440
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $194,679
    Bonus
    $300
    Other
    $3,679
    Deferred
    $64,712
    Nontaxable benefits
    $28,728
    Filer's total
    $292,098

  • EILEEN CASEY

    DIRECTOR OF INVESTMENT REPORTING

    Total calculated
    $226,793
    From this org
    $161,592
    From related orgs
    $0
    Other
    $65,201
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,971
    Bonus
    $200
    Other
    $3,421
    Deferred
    $45,228
    Nontaxable benefits
    $19,973
    Filer's total
    $226,793

  • RODERICK JENKINS

    PROGRAM DIRECTOR

    Total calculated
    $265,903
    From this org
    $169,850
    From related orgs
    $0
    Other
    $96,053
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $162,071
    Bonus
    $1,500
    Other
    $6,279
    Deferred
    $87,397
    Nontaxable benefits
    $8,656
    Filer's total
    $265,903

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 — 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 1A
AS PART OF HER RESPONSIBILITIES, THE PRESIDENT IS REQUIRED TO ENTERTAIN DONORS AND POTENTIAL DONORS. TO PROVIDE AN APPROPRIATE VENUE FOR THIS ENTERTAINMENT, THE BOARD CHAIRMAN HAS APPROVED THAT THE PRESIDENT MAY BELONG TO A SOCIAL CLUB FOR WHICH THE TRUST WILL REIMBURSE FOR DUES AND BUSINESS USAGE. AMOUNTS ARE REIMBURSED UPON SUBMISSION OF AN APPROVED EXPENSE REPORT WITH REQUIRED SUPPORTING DOCUMENTATION. THIS COST IS CONSIDERED TO BE A VALID BUSINESS EXPENSE AND IS NOT INCLUDED IN TAXABLE INCOME.
PART I, LINE 4A
THE DIRECTOR OF COMMUNICATIONS RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2023 OF $100,000 THAT IS INCLUDED IN HIS WAGES IN SCHEDULE J, PART II, COLUMN B (III).
PART I, LINE 7
BONUSES ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS AS WELL AS ORGANIZATION OPERATION ACHIEVEMENTS. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD, IN THE CASE OF THE PRESIDENT'S BONUS, AND BY THE PRESIDENT, IN THE CASE OF BONUSES FOR OTHER OFFICERS AND KEY EMPLOYEES.
PART VII/SCHEDULE J:
THE IRS REQUIRES THAT THE TRUST INCLUDE FOR EACH INDIVIDUAL THE ACTUARIALLY IMPUTED INCREASE IN THE VALUE OF HIS OR HER SHARE OF THE DEFINED BENEFIT PLAN. THIS INCREASE IN VALUE IS REFLECTED IN COLUMN C.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349309079

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.