Civic Intelligence

Astella Development Corporation

EIN 11-2458675 • 501(c)3 • Brooklyn, NY

Profile

NONE

285 Schermerhorn StBrooklyn, NY 11217

astelladevelopment.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

2.67x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

6.83x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

12th percentile

-62%

Higher net margin than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

0.3%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

46th percentile

-4.0%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$233,377

Up $770 (+0.3%) from 2020

Liabilities

Up

$622,982

Up $60,631 (+11%) from 2020

Net Assets

Down

-$389,605

Down $59,861 (-18%) from 2020

Revenue

Down

$91,223

Down $3,813 (-4.0%) from 2020

Expenses

Up

$148,050

Up $7,712 (+5.5%) from 2020

Net Income

Down

-$56,827

Down $11,525 (-25%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $751,931Liabilities 2011: $27,620Net Assets 2011: $724,3112011Assets 2012: $356,674Liabilities 2012: $18,088Net Assets 2012: $338,5862012Assets 2013: $242,001Liabilities 2013: $131,876Net Assets 2013: $110,1252013Assets 2014: $302,278Liabilities 2014: $132,456Net Assets 2014: $169,8222014Assets 2015: $335,288Liabilities 2015: $217,771Net Assets 2015: $117,5172015Assets 2016: $326,729Liabilities 2016: $160,822Net Assets 2016: $165,9072016Assets 2017: $292,327Liabilities 2017: $165,791Net Assets 2017: $126,5362017Assets 2018: $359,021Liabilities 2018: $417,685Net Assets 2018: -$58,6642018Assets 2019: $223,342Liabilities 2019: $507,784Net Assets 2019: -$284,4422019Assets 2020: $232,607Liabilities 2020: $562,351Net Assets 2020: -$329,7442020Assets 2021: $233,377Liabilities 2021: $622,982Net Assets 2021: -$389,6052021

Highlighted filing

2021

Assets$233,377
Liabilities$622,982
Net Assets-$389,605

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $314,839Expenses 2011: $630,642Net Income 2011: -$315,8032011Revenue 2012: $276,933Expenses 2012: $662,658Net Income 2012: -$385,7252012Revenue 2013: $379,516Expenses 2013: $607,977Net Income 2013: -$228,4612013Revenue 2014: $432,762Expenses 2014: $433,407Net Income 2014: -$6452014Revenue 2015: $383,528Expenses 2015: $463,533Net Income 2015: -$80,0052015Revenue 2016: $208,540Expenses 2016: $211,389Net Income 2016: -$2,8492016Revenue 2017: $105,718Expenses 2017: $145,089Net Income 2017: -$39,3712017Revenue 2018: $0Expenses 2018: $185,200Net Income 2018: -$185,2002018Revenue 2019: $118,671Expenses 2019: $344,278Net Income 2019: -$225,6072019Revenue 2020: $95,036Expenses 2020: $140,338Net Income 2020: -$45,3022020Revenue 2021: $91,223Expenses 2021: $148,050Net Income 2021: -$56,8272021

Highlighted filing

2021

Revenue$91,223
Expenses$148,050
Net Income-$56,827

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$105,718
Mission and Program Overview

Mission

Astella development corporation is a non-profit community-based organization dedicated to providing affordable housing and economic development opportunities, and to improving the quality of life in coney island, brooklyn.

To provide affordable housing and economic development opportunities, and to improve the quality of life in coney island, brooklyn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,757$52,671▼ $35,086
Pledges and Grants Receivable$21,500$21,150▼ $350
Land, Buildings, and Equipment, Net$3,966$0▼ $3,966
Total Assets$326,729$292,327▼ $34,402
Other Assets Total$213,506$218,506▲ $5,000
Liabilities
Other Liabilities$134,822$110,541▼ $24,281
Unsecured Notes Loans Payable$70,000$55,000▼ $15,000
Accounts Payable and Accrued Expenses$0$250▲ $250
Total Liabilities$204,822$165,791▼ $39,031
Net Assets / Fund Balance
Unrestricted Net Assets$121,907$126,536▲ $4,629
Total Net Assets Fund Balance$121,907$126,536▲ $4,629
Total Liabilities and Net Assets / Fund Balance$326,729$292,327▼ $34,402

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$9,295-
Leasehold Improvements$0$51,414-
Other Assets Org$695--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martin BrombergerPresident
Johanna ShermanVice President
Neil FlynnChief Financial Officer
David AnsteyMember
Frank GiordanoMember
Juljeta JordanMember
Miriam PadillaSecretary
Margarita RobinsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,526
Program Service Revenue
$7,236
Investment Income
$0
Other Revenue
$6,956
Change in Net Assets
$-39,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,653
Salaries, Compensation, and Employee Benefits$70,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,763--$50,763
Fees for Services Management$10,000$6,500-$16,500
Other Employee Benefits$13,835--$13,835
Fees for Services Accounting-$10,000-$10,000
Insurance-$8,325-$8,325
Office Expenses$2,639$2,194-$4,833
Payroll Taxes$4,747--$4,747
Depreciation Depletion$3,967--$3,967
Other Expenses$17,227$1,799-$1,799
Pension Plan Contributions$1,091--$1,091
All Other Expenses$399--$399
Total Functional Expenses$104,668$40,421$0$145,089
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Management Company$110,541
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The organization has a management agreement in place with brooklyn bureau of community services d/b/a brooklyn community services ("bcs"). Services include finance, human resources, governance and technology.

Form 990, Part VI, Section A, line 8B

The organization does not have any other committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The form 990 is reviewed by the chief financial officer and external accountants. Prior to filing, the form 990 is provided electronically to all members of the board.

Form 990, Part VI, Section B, line 15

The organization did not compensate any officer or other employee during the fiscal year.

Form 990, Part VI, Section C, line 19

The organization's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Astella Development Corporation
EIN
11-2458675
Phone
7182664653
Address
285 SCHERMERHORN ST, Brooklyn, NY 11217

Signing Officer

Name
NEIL FLynn
Title
Chief Financial Officer
Phone
7183105605
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Bromberger
Formed
1975
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Mitchell & Titus LLP
Address
One Battery Park Plaza, New York, NY 10004
Preparer
Frederick E Davis Jr
Phone
2127094500
Raw XML AppendixShowing 400 of 444 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0320767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0403307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0347991
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01301133
IRS990ScheduleA/TotalSupportAmt01399067
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09295
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09295
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt051414
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt051414
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0217811
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1695
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANAGEMENT COMPANY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0218506
IRS990ScheduleD/TotalLiabilityAmt0110541
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A MANAGEMENT AGREEMENT IN PLACE WITH BROOKLYN BUREAU OF COMMUNITY SERVICES D/B/A BROOKLYN COMMUNITY SERVICES ("BCS"). SERVICES INCLUDE FINANCE, HUMAN RESOURCES, GOVERNANCE AND TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY OTHER COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND EXTERNAL ACCOUNTANTS. PRIOR TO FILING, THE FORM 990 IS PROVIDED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DID NOT COMPENSATE ANY OFFICER OR OTHER EMPLOYEE DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0113586257
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ASTELLA REHAB PROGRAM HOUSING DEVELOPMENT FUND COMPANY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0C/O BCS 285 SCHERMERHORN ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0BROOKLYN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd011217
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0fmv
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ASTELLA REHAB PROGRAM HOUSING DEVELOPMENT FUND COMPANY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0326729
IRS990/TotalAssetsEOYAmt0292327
IRS990/TotalAssetsGrp/BOYAmt0326729
IRS990/TotalAssetsGrp/EOYAmt0292327
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt091526
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040421
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104668
IRS990/TotalFunctionalExpensesGrp/TotalAmt0145089
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0204822
IRS990/TotalLiabilitiesEOYAmt0165791
IRS990/TotalLiabilitiesGrp/BOYAmt0204822
IRS990/TotalLiabilitiesGrp/EOYAmt0165791
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0121907
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0126536
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0104668
IRS990/TotalProgramServiceRevenueAmt07236
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06956
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0105718
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0326729
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0292327
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd01
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0121907
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0126536
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt070000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt055000

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