Civic Intelligence

Central Astoria Local Development Coalition Incorporated

990 • Fiscal year 2023 • EIN 11-2652331

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 17, 2023

25-69 38th StreetAstoria, NY 11103

(718) 728-7820

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.04x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.06x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

53rd percentile

5.8%

Higher net margin than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$93,384

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

50th percentile

3.9%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

2.3%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$942,808

Up $35,129 (+3.9%) from 2022

Net Assets

Up

$901,694

Up $36,590 (+4.2%) from 2022

Liabilities

Down

$41,114

Down $1,461 (-3.4%) from 2022

Revenue

Up

$633,684

Up $14,049 (+2.3%) from 2022

Expenses

Down

$597,094

Down $18,574 (-3.0%) from 2022

Net Income

Up

$36,590

Up $32,623 (+822%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $745,401Liabilities 2012: $296,630Net Assets 2012: $448,7712012Assets 2013: $760,081Liabilities 2013: $284,362Net Assets 2013: $475,7192013Assets 2014: $795,981Liabilities 2014: $269,796Net Assets 2014: $526,1852014Assets 2015: $894,017Liabilities 2015: $258,144Net Assets 2015: $635,8732015Assets 2016: $872,779Liabilities 2016: $214,226Net Assets 2016: $658,5532016Assets 2017: $910,964Liabilities 2017: $191,303Net Assets 2017: $719,6612017Assets 2018: $992,018Liabilities 2018: $189,694Net Assets 2018: $802,3242018Assets 2019: $970,711Liabilities 2019: $143,033Net Assets 2019: $827,6782019Assets 2020: $999,988Liabilities 2020: $90,735Net Assets 2020: $909,2532020Assets 2021: $945,924Liabilities 2021: $84,787Net Assets 2021: $861,1372021Assets 2022: $907,679Liabilities 2022: $42,575Net Assets 2022: $865,1042022Assets 2023: $942,808Liabilities 2023: $41,114Net Assets 2023: $901,6942023Assets 2024: $972,398Liabilities 2024: $48,582Net Assets 2024: $923,8162024Assets 2025: $1,052,440Liabilities 2025: $31,439Net Assets 2025: $1,021,0012025

Highlighted filing

2023

Assets$942,808
Liabilities$41,114
Net Assets$901,694

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $451,720Expenses 2012: $354,027Net Income 2012: $97,6932012Revenue 2013: $423,205Expenses 2013: $396,257Net Income 2013: $26,9482013Revenue 2014: $435,356Expenses 2014: $384,890Net Income 2014: $50,4662014Revenue 2015: $544,440Expenses 2015: $434,752Net Income 2015: $109,6882015Revenue 2016: $543,525Expenses 2016: $520,845Net Income 2016: $22,6802016Revenue 2017: $621,655Expenses 2017: $560,547Net Income 2017: $61,1082017Revenue 2018: $700,360Expenses 2018: $617,697Net Income 2018: $82,6632018Revenue 2019: $669,081Expenses 2019: $643,727Net Income 2019: $25,3542019Revenue 2020: $649,242Expenses 2020: $567,667Net Income 2020: $81,5752020Revenue 2021: $479,189Expenses 2021: $527,305Net Income 2021: -$48,1162021Revenue 2022: $619,635Expenses 2022: $615,668Net Income 2022: $3,9672022Revenue 2023: $633,684Expenses 2023: $597,094Net Income 2023: $36,5902023Revenue 2024: $784,917Expenses 2024: $762,795Net Income 2024: $22,1222024Revenue 2025: $842,895Expenses 2025: $745,710Net Income 2025: $97,1852025

Highlighted filing

2023

Revenue$633,684
Expenses$597,094
Net Income$36,590
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 17, 2023
Return Version
2022v5.0
Gross Receipts
$633,684
Mission and Program Overview

Mission

The Organization provides cultural enrichment, economic development, and housing preservation for the community of Astoria.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$202,158$394,373▲ $192,215
Land, Buildings, and Equipment, Net$263,871$248,792▼ $15,079
Savings and Temporary Cash Investments$314,709$216,429▼ $98,280
Pledges and Grants Receivable$126,941$83,214▼ $43,727
Total Assets$907,679$942,808▲ $35,129
Liabilities
Accounts Payable and Accrued Expenses$34,752$41,114▲ $6,362
Mortgage Notes Payable Secured by Investment Property$7,823--
Total Liabilities$42,575$41,114▼ $1,461
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$865,104$901,694▲ $36,590
Total Net Assets Fund Balance$865,104$901,694▲ $36,590
Total Liabilities and Net Assets / Fund Balance$907,679$942,808▲ $35,129

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$248,792$226,208-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marie TornialiExecutive DirectorPT$92,595$789$93,384

Board Members and Trustees

NameTitle
George L StamadiadesPresident
Tony BarsamianExe Vice President
Adina MonokrousosBoard member
Ann BrunoBoard member
Claudia ChanBoard member
Frank MillerBoard member
Gus HatzidimitriouBoard member
James BondBoard member
Joe Di PietroBoard member
Sharon CadizBoard member
Swain WeinerBoard member
Tania BroschartBoard member
Walter SanchezBoard member
Kiki FlegerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$413,423
Program Service Revenue
$105,000
Investment Income
$1,720
Other Revenue
$113,541
All Other Contributions
$69,660
Change in Net Assets
$36,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$375,716
Other Expenses$221,378
Total Fundraising Expense$22,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$216,513$24,691$6,347$247,551
Current Officers, Directors, Trustees, and Key Employees$70,537$9,405$14,108$94,050
Payroll Taxes$21,861$2,597$1,557$26,015
Occupancy$13,896$3,474-$17,370
Depreciation Depletion$12,063$3,016-$15,079
Other Employee Benefits$6,806$808$486$8,100
Fees for Services Accounting-$6,900-$6,900
Conferences and Meetings$5,189--$5,189
Other Expenses$4,707$4,342-$4,342
Insurance-$4,069-$4,069
Office Expenses$3,194$799-$3,993
All Other Expenses$1,452$192-$1,644
Interest$157$39-$196
Total Functional Expenses$512,666$61,930$22,498$597,094
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The governing board reviews and approves the Form 990 before it is filed.

Conflict of interest policy compliance Part VI line 12C

The policy is reviewed frequently by all board members at board meetings.

CEO executive director top management comp Part VI line 15A

The governing board reviews and approves the compensation of the Executive Director using current salary guidelines and other relevant information.

Other officer or key employee compensation Part VI line 15B

The governing board reviews and approves the compensation of key employees using current salary guidelines and other relevant information.

Form 990 availability to public Part VI line 18

Form 990 is available upon request.

Governing documents etc available to public Part VI line 19

All governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Central Astoria Local Development Coalition Inc
EIN
11-2652331
Address
25-69 38th Street, Astoria, NY 11103

Signing Officer

Name
Marie Torniali
Title
Executive Direc
Phone
7187287820
Signed
2023-11-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Marie Torniali
Formed
1979
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
8

Preparer

Firm
Paul Soobryan CPA PLLC
Address
PO Box 389, New York, NY 10116
Preparer
Paul Soobryan
Phone
6465226071
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0901694
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03474
IRS990/OccupancyGrp/ProgramServicesAmt013896
IRS990/OccupancyGrp/TotalAmt017370
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0799
IRS990/OfficeExpensesGrp/ProgramServicesAmt03194
IRS990/OfficeExpensesGrp/TotalAmt03993
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0486
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0808
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06806
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08100
IRS990/OtherExpensesGrp/Desc0Cultural housing & economic
IRS990/OtherExpensesGrp/Desc1Equipment rental
IRS990/OtherExpensesGrp/Desc2Telephone and online service
IRS990/OtherExpensesGrp/Desc3Dues fees and charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0421
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11177
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24342
IRS990/OtherExpensesGrp/ProgramServicesAmt0154608
IRS990/OtherExpensesGrp/ProgramServicesAmt11683
IRS990/OtherExpensesGrp/ProgramServicesAmt24707
IRS990/OtherExpensesGrp/TotalAmt0154608
IRS990/OtherExpensesGrp/TotalAmt12104
IRS990/OtherExpensesGrp/TotalAmt25884
IRS990/OtherExpensesGrp/TotalAmt34342
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Street fair
IRS990/OtherRevenueMiscGrp/ExclusionAmt0113541
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0113541
IRS990/OtherRevenueTotalAmt0113541
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06347
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024691
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0216513
IRS990/OtherSalariesAndWagesGrp/TotalAmt0247551
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01557
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02597
IRS990/PayrollTaxesGrp/ProgramServicesAmt021861
IRS990/PayrollTaxesGrp/TotalAmt026015
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0126941
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt083214
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Marie Torniali
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0Management fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105000
IRS990/ProgSrvcAccomActy2Grp/Desc0The Organization provides cultural enrichment activities for residents, such as Independence Day fireworks, concerts, movies, and community events.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0234078
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0418470
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt027
IRS990/PYOtherExpensesAmt0259588
IRS990/PYOtherRevenueAmt096138
IRS990/PYProgramServiceRevenueAmt0105000
IRS990/PYRevenuesLessExpensesAmt03967
IRS990/PYSalariesCompEmpBnftPaidAmt0356080
IRS990/PYTotalExpensesAmt0615668
IRS990/PYTotalRevenueAmt0619635
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt036590
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0314709
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0216429
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other income was derived from management fees for managing a related tax-exempt organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Other income Part II line 10 or Part III line 12
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0556964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0514608
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0379095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0544508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0568651
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02563826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04734
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02430
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09005
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0105000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0105000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt098000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0508000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80030
IRS990ScheduleA/PublicSupportPY170Pct00.80670
IRS990ScheduleA/PublicSupportTotal170Amt02465443
IRS990ScheduleA/SubstantialContributorsTotAmt098383
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0556964
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0514608
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0379095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0544508
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0568651
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02563826
IRS990ScheduleA/TotalSupportAmt03080831
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0248792
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0226208
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0475000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0248792
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing board reviews and approves the Form 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The policy is reviewed frequently by all board members at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing board reviews and approves the compensation of the Executive Director using current salary guidelines and other relevant information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing board reviews and approves the compensation of key employees using current salary guidelines and other relevant information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All governing documents, conflict of interest policy and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.05$0.03$1.02$0.84$0.75$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.97$0.05$0.92$0.78$0.76$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.04$0.90$0.63$0.60$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.04$0.87$0.62$0.62$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.08$0.86$0.48$0.53$0.05
2020Summary only. Only limited summary data is available for this year.$1.00$0.09$0.91$0.65$0.57$0.08
2019Summary only. Only limited summary data is available for this year.$0.97$0.14$0.83$0.67$0.64$0.03
2018Summary only. Only limited summary data is available for this year.$0.99$0.19$0.80$0.70$0.62$0.08
2017Summary only. Only limited summary data is available for this year.$0.91$0.19$0.72$0.62$0.56$0.06
2016Summary only. Only limited summary data is available for this year.$0.87$0.21$0.66$0.54$0.52$0.02
2015Summary only. Only limited summary data is available for this year.$0.89$0.26$0.64$0.54$0.43$0.11
2014Summary only. Only limited summary data is available for this year.$0.80$0.27$0.53$0.44$0.38$0.05
2013Summary only. Only limited summary data is available for this year.$0.76$0.28$0.48$0.42$0.40$0.03
2012Summary only. Only limited summary data is available for this year.$0.75$0.30$0.45$0.45$0.35$0.10