Civic Intelligence

Unknown Organization

EIN 11-3550741 • 501(c)3

View Organization Page

Profile

Nycfnac was established in 1999 to promote access by low-income persons in new york city to affordable, convenient and comprehensive financial services and credit by connecting this population with new york city's leading community development credit unions and strengthening their capacity through nycfnac's operational, financial and technical assistance.

209 East 3rd Street10009

www.nycfnac.org

Siviq Scores

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

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

37th percentile

-1.0%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

26th percentile

-5.6%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

20th percentile

-14%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$489,294

Down $28,896 (-5.6%) from 2013

Liabilities

Down

$12,410

Down $23,265 (-65%) from 2013

Net Assets

Down

$476,884

Down $5,631 (-1.2%) from 2013

Operations
Liabilities / Revenue52nd percentileNet Margin37th percentile

Revenue

Down

$587,303

Down $98,391 (-14%) from 2013

Expenses

Down

$592,934

Down $59,834 (-9.2%) from 2013

Net Income

Down

-$5,631

Down $38,557 (-117%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

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

$800K$600K$400K$200K$0Assets 2010: $748,634Liabilities 2010: $46,013Net Assets 2010: $702,6212010Assets 2011: $333,980Liabilities 2011: $23,453Net Assets 2011: $310,5272011Assets 2012: $458,088Liabilities 2012: $8,499Net Assets 2012: $449,5892012Assets 2013: $518,190Liabilities 2013: $35,675Net Assets 2013: $482,5152013Assets 2014: $489,294Liabilities 2014: $12,410Net Assets 2014: $476,8842014

Highlighted filing

2014

Assets$489,294
Liabilities$12,410
Net Assets$476,884
Open 2014 Filing

Operations Trend

Revenue Growth20th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,362,1952010Expenses 2011: $1,236,1952011Expenses 2012: $643,3882012Revenue 2013: $685,694Expenses 2013: $652,768Net Income 2013: $32,9262013Revenue 2014: $587,303Expenses 2014: $592,934Net Income 2014: -$5,6312014

Highlighted filing

2014

Revenue$587,303
Expenses$592,934
Net Income-$5,631
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$489,294
Liabilities
$12,410
Net assets
$476,884
Revenue
$587,303
Expenses
$592,934
Net income
-$5,631
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.48$0.59$0.59$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.04$0.48$0.69$0.65$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.01$0.45$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.02$0.31$1.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.05$0.70$1.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Mar 6, 2015
Return Version
2013v4.0
Gross Receipts
$587,303
Mission and Program Overview

Mission

Nycfnac was established in 1999 to promote access by low-income persons in new york city to affordable, convenient and comprehensive financial services and credit by connecting this population with new york city's leading community development credit unions and strengthening their capacity through nycfnac's operational, financial and technical assistance.

To promote the opportunity of low-income residents of new york city to gain access to affordable, convenient and comprehensive financial services and credit and to become more knowledgeable consumers of financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$323,445$325,778▲ $2,333
Cash and Non-Interest-Bearing Accounts$67,217$116,189▲ $48,972
Pledges and Grants Receivable$112,972$25,486▼ $87,486
Accounts Receivable$4,927$10,707▲ $5,780
Land, Buildings, and Equipment, Net$7,629$5,277▼ $2,352
Prepaid Expenses and Deferred Charges$0$3,857▲ $3,857
Total Assets$518,190$489,294▼ $28,896
Other Assets Total$2,000$2,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$35,675$12,410▼ $23,265
Total Liabilities$35,675$12,410▼ $23,265
Net Assets / Fund Balance
Unrestricted Net Assets$482,515$476,884▼ $5,631
Total Net Assets Fund Balance$482,515$476,884▼ $5,631
Total Liabilities and Net Assets / Fund Balance$518,190$489,294▼ $28,896

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$362$37,391$37,753
Leasehold Improvements$4,915$6,430$11,345
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter BrayExecutive Director and Board SecretaryFT$87,148$1,803$88,951

Board Members and Trustees

NameTitle
Bradford KirbyBoard Chair
Andrea GildeaDirector
Boriana TchobanovaDirector
Peter WildDirector
Mark MalaspinaAssistant Secretary
Thomas MorinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$516,431
Program Service Revenue
$68,764
Investment Income
$2,108
Other Revenue
$0
All Other Contributions
$358,225
Change in Net Assets
$-5,631

Audited Revenue Reconciliation

Revenue per Audited Statements
$587,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$79,187
Total Revenue per Audited Statements
$666,490
Total Revenue per Form 990
$587,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$402,877
Grants and Similar Amounts Paid$112,825
Other Expenses$77,232
Total Fundraising Expense$12,287
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$234,731$11,687$6,648$253,066
Grants to Domestic Orgs$112,825--$112,825
Current Officers, Directors, Trustees, and Key Employees$91,111$4,537$2,581$98,229
Occupancy$30,819$1,535$873$33,227
Payroll Taxes$24,354$1,212$690$26,256
Other Employee Benefits$23,491$1,170$665$25,326
Office Expenses$11,501$616$529$12,646
Fees for Services Other-$9,000-$9,000
Insurance$5,757$287$163$6,207
All Other Expenses$2,669$133$76$2,878
Depreciation Depletion$2,181$109$62$2,352
Travel$500$38-$538
Other Expenses$8,669$450-$450
Conferences and Meetings-$339-$339
Total Functional Expenses$548,608$32,039$12,287$592,934

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$672,121
Expenses per Audited Statements$592,934
Total Expenses per Form 990$592,934
Expenses Not Reported on Form 990$79,187
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
11-3570814-501(c)(1)Support of Vita Program.$70,000
32-0028598-501(c)(3)Support of Vita Program.$41,650
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Part VI, Section A, Line 4

“The organization's bylaws were revised to reflect the departure of the credit union's chief executive officers from the governing board.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by management and the audit committee of the board of directors for approval. If changes are required, nycfnac will then forward their comments to the auditing firm and a final version will be distributed to all board members prior to the irs submission.”

Form 990, Part VI, Section B, Line 12C

“Nycfnac shares its conflict of interest policy with board members and officers on an annual basis. Officers, directors, and key employees are expected to declare at any point if a conflict of interest arises.”

Form 990, Part VI, Section B, Line 15A

“Comparable data is used by the board when determining the compensation of officers.”

Form 990, Part VI, Section C, Line 19

“Upon request, nycfnac makes available to the public its governing documents, conflict of interest policy, and financial statements.”

Filing and Contact Details

Filer

EIN
11-3550741
Phone
2122546060

Signing Officer

Name
Peter Bray
Title
Executive Director/board Secretary
Phone
2122546060
Signed
2015-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Bray
Formed
1999
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
33
Volunteers
250

Preparer

Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“With the end of the 2014 tax season, nycfnac completed its operation of the volunteer income tax assistance (vita) program. During calendar year 2014, nycfnac initiated a merger with another nonprofit organization, the financial clinic, which will operate the vita program during the 2015 tax season. In july 2014, nycfnac also completed the operation of the benefits enrollment program, which it operated concurrently with the vita program.”

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“Nycfnac has an audit committee that is responsible for oversight of the audit and selection of the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“Nycfnac's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Nycfnac has no uncertain tax position resulting in an accrual of tax expense or benefit.”

Raw XML AppendixShowing 400 of 449 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE THE OPPORTUNITY OF LOW-INCOME RESIDENTS OF NEW YORK CITY TO GAIN ACCESS TO AFFORDABLE, CONVENIENT AND COMPREHENSIVE FINANCIAL SERVICES AND CREDIT AND TO BECOME MORE KNOWLEDGEABLE CONSUMERS OF FINANCIAL SERVICES.
IRS990/AllOtherContributionsAmt0358225
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10PETER BRAY
IRS990/BooksInCareOfDetail/PhoneNum02122546060
IRS990/BooksInCareOfDetail/USAddress/AddressLine10209 EAST 3RD STREET
IRS990/BooksInCareOfDetail/USAddress/City0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/State0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCode010009
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IRS990/Desc0SINCE 2004 NYCFNAC HAS BEEN A SPONSOR OF THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM, WHICH PROVIDES LOW-INCOME TAXPAYERS WITH FREE, HIGH QUALITY TAX PREPARATION. THE PROGRAM SERVES AS AN ALTERNATIVE TO THE HIGH FEES AND OFTEN PREDATORY SERVICES OF COMMERCIAL TAX PREPARATION FIRMS. BY LOCATING VITA SITES WITHIN THE LOW-INCOME COMMUNITIES SERVED BY COMMUNITY DEVELOPMENT CREDIT UNIONS, THE VITA PROGRAM CAN OFFER TAXPAYERS THE OPPORTUNITY TO SAFELY AND QUICKLY RECEIVE THEIR TAX REFUND AT A CREDIT UNION THROUGH DIRECT DEPOSIT. THIS CONNECTION TO A FINANCIAL INSTITUTION THAT OFFERS AFFORDABLE FINANCIAL SERVICES PROMOTES THE OPPORTUNITY FOR LOW-INCOME HOUSEHOLDS TO SAVE, BUILD FINANCIAL ASSETS, GET ACCESS TO HIGH-QUALITY CREDIT, GAIN MONEY MANAGEMENT SKILLS, AND MOVE INTO THE FINANCIAL SERVICES MAINSTREAM. VITA ENSURES THAT THESE HOUSEHOLDS RECEIVE ALL OF THEIR ELIGIBLE TAX CREDITS, INCLUDING THE EARNED INCOME TAX CREDIT, WHICH ELEVATES FAMILIES ABOVE THE FEDERAL POVERTY LINE. DURING THE YEAR, THE PROGRAM PREPARED 12,376 RETURNS FOR 11,264 INDIVIDUAL FILERS AND RETURNED $18.9 MILLION IN TOTAL REFUNDS ON THEIR BEHALF. THE PROGRAM ALSO PROVIDES SUCH ANCILLARY SERVICES AS SCREENING FOR PUBLIC BENEFITS, SUCH AS SNAP (FOOD STAMPS) AND MEDICAID. THOSE HOUSEHOLDS FOUND PRELIMINARILY ELIGIBLE FOR BENEFITS RECEIVE FOLLOW UP INTENSIVE SCREENING AND ENROLLMENT ASSISTANCE BY NYCFNAC'S BENEFIT ENROLLERS.
IRS990/DescribedInSection501c3Ind01
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IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS MORIN
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER BRAY
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK MALASPINA
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IRS990/Form990PartVIISectionAGrp/PersonNm5PETER WILD
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IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/MissionDesc0NYCFNAC WAS ESTABLISHED IN 1999 TO PROMOTE ACCESS BY LOW-INCOME PERSONS IN NEW YORK CITY TO AFFORDABLE, CONVENIENT AND COMPREHENSIVE FINANCIAL SERVICES AND CREDIT BY CONNECTING THIS POPULATION WITH NEW YORK CITY'S LEADING COMMUNITY DEVELOPMENT CREDIT UNIONS AND STRENGTHENING THEIR CAPACITY THROUGH NYCFNAC'S OPERATIONAL, FINANCIAL AND TECHNICAL ASSISTANCE.
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0690
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01212
IRS990/PayrollTaxesGrp/ProgramServicesAmt024354
IRS990/PayrollTaxesGrp/TotalAmt026256
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0112972
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025486
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03857
IRS990/PrincipalOfficerNm0PETER BRAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0ACCOUNTING PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt068764
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt068764
IRS990/ProgSrvcAccomActy2Grp/Desc0NYCFNAC PROVIDED SEVERAL OF THE CITY'S LEADING COMMUNITY DEVELOPMENT CREDIT UNIONS WITH ACCOUNTING, INTERNAL AUDITING AND REGULATORY COMPLIANCE ASSISTANCE TO PROMOTE THEIR FINANCIAL SOUNDNESS. THESE SERVICES ENSURE THE ACCURACY OF THEIR FINANCIAL RECORDKEEPING AND REPORTING. IN ADDITION, NYCFNAC WORKS CLOSELY WITH THE CREDIT UNIONS' SUPERVISORY COMMITTEES, WHICH ARE CHARGED WITH MAINTAINING THE FISCAL INTEGRITY OF THE CREDIT UNIONS THROUGH A PROCESS OF INTERNAL CHECKS AND BALANCES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt079068
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt068764
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0617192
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0117500
IRS990/PYInvestmentIncomeAmt02268
IRS990/PYOtherExpensesAmt092680
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt066234
IRS990/PYRevenuesLessExpensesAmt032926
IRS990/PYSalariesCompEmpBnftPaidAmt0442588
IRS990/PYTotalExpensesAmt0652768
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0685694
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5631
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0323445
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0325778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0516431
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0643592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0769927
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0823635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01458466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04212051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02108
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08170
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021076
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.42670
IRS990ScheduleA/PublicSupportPY170Pct00.46000
IRS990ScheduleA/PublicSupportTotal170Amt01806377
IRS990ScheduleA/SubstantialContributorsTotAmt02405674
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0516431
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0643592
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0769927
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0823635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01458466
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04212051
IRS990ScheduleA/TotalSupportAmt04233127
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/DonatedServicesAndUseFcltsAmt079187
IRS990ScheduleD/DonatedServicesUseFcltsAmt079187
IRS990ScheduleD/EquipmentGrp/BookValueAmt0362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037391
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037753
IRS990ScheduleD/ExpensesNotReportedAmt079187
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0592934
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04915
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06430
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011345
IRS990ScheduleD/RevenueNotReportedAmt079187
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0587303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NYCFNAC'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. NYCFNAC HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05277
IRS990ScheduleD/TotalExpensesPerForm990Amt0592934
IRS990ScheduleD/TotalRevenuePerForm990Amt0587303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0666490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0672121
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt041650
IRS990ScheduleI/RecipientTable/CashGrantAmt170000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(1)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF VITA PROGRAM.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT OF VITA PROGRAM.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10ARIVA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11BROOKLYN COOPERATIVE FEDERAL CREDIT UNION
IRS990ScheduleI/RecipientTable/RecipientEIN0320028598
IRS990ScheduleI/RecipientTable/RecipientEIN1113570814
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1069 EAST 167TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine111474 MYRTLE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/City0BRONX
IRS990ScheduleI/RecipientTable/USAddress/City1BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/State0NY
IRS990ScheduleI/RecipientTable/USAddress/State1NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode010452
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode111237
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTS PROVIDED TO THE LISTED ORGANIZATIONS WERE RESTRICTED TO ELIGIBLE STAFF PERSONNEL WORKING ON THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM, A PROGRAM SPONSORED BY THE IRS. THE NEW YORK CITY FINANCIAL NETWORK ACTION CONSORTIUM MONITORED THE USE OF THE GRANT FUNDS TO THESE ORGANIZATIONS BY COLLECTING PAYROLL RECORDS AND DOCUMENTING THE SALARIES OR WAGES PAID TO THE ELIGIBLE STAFF PERSONS. THE GRANT FUNDS WERE DISBURSED TO THESE ORGANIZATIONS BASED ON THEIR DOCUMENTED EXPENSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WITH THE END OF THE 2014 TAX SEASON, NYCFNAC COMPLETED ITS OPERATION OF THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM. DURING CALENDAR YEAR 2014, NYCFNAC INITIATED A MERGER WITH ANOTHER NONPROFIT ORGANIZATION, THE FINANCIAL CLINIC, WHICH WILL OPERATE THE VITA PROGRAM DURING THE 2015 TAX SEASON. IN JULY 2014, NYCFNAC ALSO COMPLETED THE OPERATION OF THE BENEFITS ENROLLMENT PROGRAM, WHICH IT OPERATED CONCURRENTLY WITH THE VITA PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BYLAWS WERE REVISED TO REFLECT THE DEPARTURE OF THE CREDIT UNION'S CHIEF EXECUTIVE OFFICERS FROM THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. IF CHANGES ARE REQUIRED, NYCFNAC WILL THEN FORWARD THEIR COMMENTS TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NYCFNAC SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE AT ANY POINT IF A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST, NYCFNAC MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NYCFNAC HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0518190
IRS990/TotalAssetsEOYAmt0489294
IRS990/TotalAssetsGrp/BOYAmt0518190
IRS990/TotalAssetsGrp/EOYAmt0489294
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0516431
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012287
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032039
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0548608
IRS990/TotalFunctionalExpensesGrp/TotalAmt0592934
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035675
IRS990/TotalLiabilitiesEOYAmt012410
IRS990/TotalLiabilitiesGrp/BOYAmt035675
IRS990/TotalLiabilitiesGrp/EOYAmt012410
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0482515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0476884
IRS990/TotalOtherCompensationAmt01803
IRS990/TotalProgramServiceExpensesAmt0548608
IRS990/TotalProgramServiceRevenueAmt068764
IRS990/TotalReportableCompFromOrgAmt087148
IRS990/TotalRevenueGrp/ExclusionAmt02108
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068764
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0587303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0250

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