Civic Intelligence

Chhaya Community Development Corporation

990 • Fiscal year 2015 • EIN 11-3580935

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

37-43 77th StreetJackson Heights, NY 11372

(718) 478-3848

Siviq Scores

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

Liabilities / Assets

39th percentile

0.05x

Higher debt load relative to assets than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

5.0%

Faster revenue growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$493,538

Up $89,036 (+22%) from 2014

Net Assets

Up

$469,288

Up $131,480 (+39%) from 2014

Liabilities

Down

$24,250

Down $42,444 (-64%) from 2014

Revenue

Up

$1,199,532

Up $57,456 (+5.0%) from 2014

Expenses

Up

$1,068,052

Up $3,123 (+0.3%) from 2014

Net Income

Up

$131,480

Up $54,333 (+70%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $113,725Liabilities 2010: $58,779Net Assets 2010: $54,9462010Assets 2011: $349,147Liabilities 2011: $69,907Net Assets 2011: $279,2402011Assets 2012: $390,990Liabilities 2012: $63,513Net Assets 2012: $327,4772012Assets 2013: $316,897Liabilities 2013: $56,239Net Assets 2013: $260,6582013Assets 2014: $404,502Liabilities 2014: $66,694Net Assets 2014: $337,8082014Assets 2015: $493,538Liabilities 2015: $24,250Net Assets 2015: $469,2882015Assets 2016: $678,477Liabilities 2016: $57,745Net Assets 2016: $620,7322016Assets 2017: $834,043Liabilities 2017: $44,508Net Assets 2017: $789,5352017Assets 2018: $1,030,367Liabilities 2018: $50,973Net Assets 2018: $979,3942018Assets 2019: $1,327,519Liabilities 2019: $54,148Net Assets 2019: $1,273,3712019Assets 2020: $1,716,265Liabilities 2020: $329,303Net Assets 2020: $1,386,9622020Assets 2021: $2,763,055Liabilities 2021: $365,319Net Assets 2021: $2,397,7362021Assets 2022: $3,060,040Liabilities 2022: $321,353Net Assets 2022: $2,738,6872022Assets 2023: $3,938,658Liabilities 2023: $349,753Net Assets 2023: $3,588,9052023Assets 2024: $6,927,297Liabilities 2024: $491,112Net Assets 2024: $6,436,1852024

Highlighted filing

2015

Assets$493,538
Liabilities$24,250
Net Assets$469,288

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $754,0442010Expenses 2011: $810,5712011Expenses 2012: $1,006,6202012Revenue 2013: $998,850Expenses 2013: $1,062,043Net Income 2013: -$63,1932013Revenue 2014: $1,142,076Expenses 2014: $1,064,929Net Income 2014: $77,1472014Revenue 2015: $1,199,532Expenses 2015: $1,068,052Net Income 2015: $131,4802015Revenue 2016: $1,307,045Expenses 2016: $1,155,601Net Income 2016: $151,4442016Revenue 2017: $1,233,070Expenses 2017: $1,053,237Net Income 2017: $179,8332017Revenue 2018: $1,356,396Expenses 2018: $1,166,537Net Income 2018: $189,8592018Revenue 2019: $1,793,531Expenses 2019: $1,499,554Net Income 2019: $293,9772019Revenue 2020: $1,975,144Expenses 2020: $1,861,553Net Income 2020: $113,5912020Revenue 2021: $2,877,914Expenses 2021: $1,867,140Net Income 2021: $1,010,7742021Revenue 2022: $2,477,149Expenses 2022: $2,354,657Net Income 2022: $122,4922022Revenue 2023: $3,571,170Expenses 2023: $2,720,952Net Income 2023: $850,2182023Revenue 2024: $6,154,149Expenses 2024: $3,313,780Net Income 2024: $2,840,3692024

Highlighted filing

2015

Revenue$1,199,532
Expenses$1,068,052
Net Income$131,480
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$1,199,532
Mission and Program Overview

Mission

To create stable and sustainable communities by increasing civic participation and addressing the housing and community development needs of new yorkers of south asian origin and their neighbors.

Chhaya CDC was founded in 2000 to advocate for the housing needs of New York Citys South Asian community. Our mission is to work with New Yorkers of South Asian origin to advocate for and build economically stable, sustainable, and thriving communities.Chhaya carries out this work in several ways, including free direct services, education and outreach, community organizing, and research and policy, as well as both local and citywide coalition-building. Our work encompasses tenant rights, financial capacity building, sustainable homeownership, foreclosure prevention, energy efficiency, womens financial empowerment, workforce development, civic engagement, and broader community building and research and advocacy around community needs.By focusing on core areas of housing and economic developmentthe basic necessities essential to ones stabilityChhaya is able to impact a range of social outcomes, including education, employment, civic participation, community pride, and mental health and w

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$294,394$254,803▼ $39,591
Cash and Non-Interest-Bearing Accounts$21,264$138,943▲ $117,679
Savings and Temporary Cash Investments$65,533$80,676▲ $15,143
Prepaid Expenses and Deferred Charges$12,291$8,096▼ $4,195
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$404,502$493,538▲ $89,036
Other Assets Total$11,020$11,020→ $0
Liabilities
Deferred Revenue$42,274--
Accounts Payable and Accrued Expenses$24,420$24,250▼ $170
Total Liabilities$66,694$24,250▼ $42,444
Net Assets / Fund Balance
Temporarily Rstr Net Assets$245,830$366,333▲ $120,503
Unrestricted Net Assets$91,978$102,955▲ $10,977
Total Net Assets Fund Balance$337,808$469,288▲ $131,480
Total Liabilities and Net Assets / Fund Balance$404,502$493,538▲ $89,036

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$9,363$9,363
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Afreen AlamExecutive DirectorFT$72,129$4,687$76,816

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,152,284
Program Service Revenue
$40,432
Investment Income
$449
Other Revenue
$6,367
All Other Contributions
$752,207
Change in Net Assets
$131,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,199,532
Total Revenue per Audited Statements
$1,199,532
Total Revenue per Form 990
$1,199,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$814,450
Other Expenses$231,827
Total Fundraising Expense$113,025
Professional Fundraising Fees$13,800
Grants and Similar Amounts Paid$7,975

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,048$60,755$69,727$608,530
Occupancy$65,100$17,913$3,328$86,341
Other Employee Benefits$71,171$4,838$5,743$81,752
Current Officers, Directors, Trustees, and Key Employees$56,641$7,198$8,262$72,101
Payroll Taxes$40,903$5,198$5,966$52,067
Fees for Services Other$32,882$16,462$425$49,769
Conferences and Meetings$15,395$1,361$694$17,450
Fees for Services Professional Fundraising--$13,800$13,800
Insurance$5,241$1,291$2,109$8,641
Grants to Domestic Orgs$7,975--$7,975
Advertising$5,237$338$450$6,025
Fees for Services Accounting$6,000--$6,000
Other Expenses$4,830$378$390$5,598
All Other Expenses$3,354$253$252$3,859
Interest-$2,049-$2,049
Total Functional Expenses$832,146$122,881$113,025$1,068,052

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,068,052
Total Expenses per Audited Statements$1,068,052
Total Expenses per Form 990$1,068,052
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Public Allies IncMilwaukee, WI501c (3)adv. leadership to strengthen comm.$7,975
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,800
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Line 4: Description of Significant Changes to Organizational Documents

In February 2016 the Organization modified its BYLaws, which became effective on February 24, 2016, the details of which will be reported on its 2016 Federal Form 990.

Form 990, Part VI, Line 11B: Form 990 Review Process

An audit committe made up of the treasurer, a board member at large, and the executive director review before filing

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The written conflict of interest policy requires all directors to complete disclosure forms annually. The treasurer ensures that all forms are submitted and reviewed with the executive committee for any that disclose actual or potential conflicts of interest

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board of directors review and approve executive salaries as well as review and approve any increases to management salaries

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The governing documents, the conflict of interest policy, and the audited financial statements are available upon request. Also, on an annual basis the organization files its nys annual char 500 report with the new york state office of attorney general. The nysoag includes this report with the organization's financial statements and federal form 990 on its charities bureau website.

Filing and Contact Details

Filer

Filer Name
Chhaya Community Development Corporation
EIN
11-3580935
Phone
7184783848
Address
37-43 77TH STREET, JACKSON HEIGHTS, NY 11372

Signing Officer

Name
Deepa Patel
Title
Treasurer
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deepa Patel
Formed
2001
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
24
Volunteers
65

Preparer

Firm
Koch Group & Co LLP
Address
333 Seventh Avenue Floor 8, New York, NY 10001-5118
Preparer
Miaoling Lin
Phone
2126310700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: NEIGHBORHOOD PLANNING & DEVELOPMENTworks with New York Citys South Asian communities to identify shared needs and issues. Following our needs assessment conducted in 2010, we found that the citys South Asians lack shared community gathering spaces devoted to civic engagement and arts and culture that embrace the diversity of South Asians. There is also a shortage of city-administered programs that address the needs of the South Asian population, especially in regards to the diverse languages, religions, and cultures present in the community. Many stay-at-home women and the elderly who have limited English skills face isolation. Chhaya works with community members and leaders and partner organizations on initiatives and events to address these growing needs.Its South Asian Community Home (SACH)provide a safe, accessible, multi-generational space and comprehensive services to South Asians in NYC that celebrates diverse South Asian cultures, and builds collective strength.It also partners and advises local and national organizations to document the needs and contributions of South Asian and other immigrants and advocates that adequate resources are invested in supporting these communities. OTHER PROGRAM SERVICES 5: SEE SCEDHULE O FOR ADDITIONAL PROGRAMS

Corporate Governance Changes

990 page 6 section c line 20 and page 7effective march 24, 2015, afreen alam became the executive director of the organization. On june 24,2016, afreen alam resigned as the executive director of the organization, due to illness. Annetta seecharran resigned as a board member on march 31, 2016 and assumed the role of interim executive director on may 1,2016 to replace afreen alam, until such time that a new executive director is appointed.on november 1, 2016, the board appointed annetta seecharran as the executive director. On january 6, 2016, the 2015 treasurer, deepa patel, became the board co-chair. On march 30,2016, kim sookoo replaced deepa patel and joined as treasurer. Effective april 18, 2016 shona chakravartty assumed the role of co-chair together with deepa patel.

Fed 990 Page 2 Additional Programs

ENERGY EFFICIENCYChhaya promotes access to existing weatherization programs, including grants, to retrofit their homes. Retrofits are home improvements that reduce energy costs, and make the home more comfortable and healthier.FORECLOSURE PREVENTIONChhaya helps homeowners having trouble with their mortgage payments negotiate affordable and sustainable payments through loan modifications. We also educate at-risk homeowners about their options and warn them about various foreclosure rescue scams.HOMEOWNERSHIPOur homeownership program guides community members through the confusing process of buying a home. Those who complete the program are eligible for budget counseling, credit improvement and, for those income-eligible, down payment and closing cost assistance.

Form 990, Part I, Line 6

Data entry/admin work including fund raising, translation, street outreach and phone calls

Form 990, Part III, Line 4D-all Other Accomplishment

Subcontracted grants to other not-for-profit organizatons for assistance with education programs and community organizing

Financial Statement Notes

Part X : FIN48 Footnote

Chhaya is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code.management has determined that the organization had no uncertain tax positions that would require financial statement recognition. The organization is no longer subject to income tax examination by federal, state or local tax authorities for years before 2012, which is the standard statute of limitations look-back period.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/MissionDesc0Chhaya CDC was founded in 2000 to advocate for the housing needs of New York Citys South Asian community. Our mission is to work with New Yorkers of South Asian origin to advocate for and build economically stable, sustainable, and thriving communities.Chhaya carries out this work in several ways, including free direct services, education and outreach, community organizing, and research and policy, as well as both local and citywide coalition-building. Our work encompasses tenant rights, financial capacity building, sustainable homeownership, foreclosure prevention, energy efficiency, womens financial empowerment, workforce development, civic engagement, and broader community building and research and advocacy around community needs.By focusing on core areas of housing and economic developmentthe basic necessities essential to ones stabilityChhaya is able to impact a range of social outcomes, including education, employment, civic participation, community pride, and mental health and w
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IRS990/ProgSrvcAccomActy2Grp/Desc0ADVOCACY & COMMUNITY DEVELOPMENT:WORKS TOWARDS IMMIGRANT EMPOWERMENT, SOUTH ASIAN COMMUNITY ENGAGEMENT, MOBILIZATION, AND LEADERSHIP. THROUGH A MULTI-PRONGED APPROACH THAT INCLUDES COUNSELING, EDUCATIONAL WORKSHOPS, AND MOBILIZATION EVENTS, CHHAYA AIMS TO CREATE AWARENESS THROUGH CIVIC EDUCATION, INCREASE SOUTH ASIAN CIVIC PARTICIPATION, AND BUILD A UNIFIED SOUTH ASIAN POLITICAL IDENTITY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ASSET BUILDING: AIMS TO PROVIDE ITS CLIENTS WITH THE TOOLS AND INFORMATION THEY NEED TO ACHIEVE LONG-TERM ECONOMIC INDEPENDENCE THROUGH CAREER DEVELOPMENT, FINANCIAL CAPABILITY, AND ASSET BUILDING. THE PROGRAM PROVIDES JOB READINESS TRAINING, VOCATIONAL ENGLISH LANGUAGE CLASSES, RESUME BUILDING, INTERVIEW PREPARATION, CUSTOMER SERVICE TRAINING, LINKS TO POTENTIAL EMPLOYERS (VIA JOB FAIR RECRUITMENT EVENTS AND DIRECT PLACEMENTS), AND EDUCATION ABOUT WORKER'S RIGHTS. THIS WORK IS COMPLEMENTED BY A PROGRAM THAT TEACHES KEY FINANCIAL CONCEPTS, SUCH AS CREDIT, BUDGETING, AND DEBT REDUCTION.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.93$0.49$6.44$6.15$3.31$2.84
2023Detailed filing. Detailed filing data is available for this year.$3.94$0.35$3.59$3.57$2.72$0.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.32$2.74$2.48$2.35$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.37$2.40$2.88$1.87$1.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.33$1.39$1.98$1.86$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.05$1.27$1.79$1.50$0.29
2018Summary only. Only limited summary data is available for this year.$1.03$0.05$0.98$1.36$1.17$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.79$1.23$1.05$0.18
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.06$0.62$1.31$1.16$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.47$1.20$1.07$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.07$0.34$1.14$1.06$0.08
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.32$0.06$0.26$1.00$1.06$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.06$0.33$1.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.07$0.28$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.06$0.05$0.75