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← NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN BEDFORD-STUYVESANT CDC IN

Form 990 for tax year 2024

Filed by NEIGHBORHOOD HOUSING SERVICES OF BROOKLYN BEDFORD-STUYVESANT CDC IN.

Totals

Total revenue
$1,836,560
Total expenses
$1,730,054
Contributions and grants received
$1,832,610
Grants paid
$813,875
Program service revenue
$3,701
Investment income
$249
Other revenue
$0
Total assets, end of year
$1,106,060
Total liabilities, end of year
$167,382
Net assets or fund balances, end of year
$938,678
Program services expenses (Part IX)
$1,494,986
Management and general expenses
$208,550
Fundraising expenses
$26,518
Program service expenses (Part III)
$1,494,986

Program services were 86.4% 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)

    $1,521,735

  • 1f · All other contributions, gifts and grants

    $310,875

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $3,701

  • 3 · Investment income

    total $249

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $813,875 · program services $813,875

  • 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 $162,046 · program services $142,298 · management and general $19,748

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $325,017 · program services $285,408 · management and general $31,476 · fundraising $8,134

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $87,892 · program services $77,181 · management and general $9,244 · fundraising $1,467

  • 10 · Payroll taxes

    total $37,817 · program services $33,208 · management and general $3,977 · fundraising $631

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $39,000 · management and general $39,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $7,500 · fundraising $7,500

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $62,921 · program services $37,255 · management and general $25,666

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,371 · management and general $3,371

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,667 · management and general $4,667

  • 23 · Insurance

    total $9,995 · management and general $9,995

  • 24a · Other expenses: BOARD STAFF EXPENSES

    total $13,383 · program services $3,749 · management and general $9,634

  • 24b · Other expenses: SPECIAL FUNDRAISING EVENT EXPENSES

    total $8,786 · fundraising $8,786

  • 24c · Other expenses: PROGRAM FEES AND EXPENSES

    total $97,087 · program services $97,087

  • 24d · Other expenses: ADMIN, MISC EXPENSES

    total $56,697 · program services $4,925 · management and general $51,772

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $909,232 · end of year $800,120

  • 3 · Pledges and grants receivable

    beginning of year $71,867 · end of year $276,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,282 · end of year $14,061

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

    $28,909

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

    $13,310

  • 10c · Land, buildings and equipment, net

    beginning of year $20,266 · end of year $15,599

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,475 · end of year $17,382

  • 18 · Grants payable

    beginning of year $150,000 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $803,776 · end of year $883,323

  • 28 · Net assets with donor restrictions

    beginning of year $28,396 · end of year $55,355

Mission and programs · 2024

Mission

The organizations mission is to revitalize underserved communities by creating and preserving affordable housing opportunities and increasing financial empowerment while promoting neughborhood stabilization. We are lead by local residents and guided by local needs.

Activities or mission (Part I)

The organizations mission is to revitalize underserved communities by creating and preserving affordable housing opportunities and increasing financial empowerment while promoting neughborhood stabilization.

  • HOME PURCHASE/OWNERSHIP GRANTS AHC

    Expenses $620,750 · Grants $620,750 · Revenue $825,000

  • HOME REPAIR GRANTS

    Expenses $193,125 · Grants $193,125 · Revenue $80,000

  • NORC EDUCATION ASSISTANCE OUTREACH AND OTHER PROGRAMS

    Expenses $57,223 · Revenue $106,421

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

Listed in Part VII

  • Richard Trouth

    EXECUTIVE DIRECTOR

    Total calculated
    $136,921
    From this org
    $136,921
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James C Durrah

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Betty Estaton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jayesh Gajjar

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sundra L Franklin Deceased

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Tyrone Pittman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tremaine Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bessie Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kirnon Joaquim

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brena Bracy-Seals

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angel Melendez

    DIRECTOR

    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

None.

Answered no

  • 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
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202501359349308240

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