Civic Intelligence

Highbridge Advisory Council

EIN 13-2724492 • 501(c)3 • Bronx, NY

Profile

The mission of hac is to provide families access to a high quality early childhood education for children in the bronx. We are an inclusive community that values diversity in a child-centered environment. Our organization believes that children learn best when they are engaged in a rigorous curriculum and in an environment that promotes an optimal learning experience. Our instructional strategies ensure involvement and engagement of students with disabilities, developmentally advanced, struggling and linguistically diverse learners. We strive for excellence by cultivating students interest and enhancing their skills in our classrooms. We at highbridge advisory council are committed to building a community of life-long learners.

880 River Avenue Ste 2nd FLBronx, NY 10452

www.hacfamilyservices.org

Siviq Scores

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

Liabilities / Assets

100th percentile

5.38x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.51x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

50th percentile

4.7%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

65th percentile

$223,227

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

39th percentile

2.0%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

8.6%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,815,255

Up $112,461 (+6.6%) from 2021

Liabilities

Down

$9,769,354

Down $1,416,685 (-13%) from 2021

Net Assets

Up

-$7,954,099

Up $1,529,146 (+16%) from 2021

Revenue

Up

$19,182,764

Up $1,593,294 (+9.1%) from 2021

Expenses

Up

$18,277,276

Up $236,043 (+1.3%) from 2021

Net Income

Up

$905,488

Up $1,357,251 (+300%) from 2021

Trend Graphs

Balance Sheet Trend

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

$20M$10M$0-$10M-$20MAssets 2010: $4,011,451Liabilities 2010: $9,755,279Net Assets 2010: -$5,743,8282010Assets 2011: $3,050,861Liabilities 2011: $8,577,525Net Assets 2011: -$5,526,6642011Assets 2012: $3,885,264Liabilities 2012: $12,044,479Net Assets 2012: -$8,159,2152012Assets 2013: $4,101,781Liabilities 2013: $12,130,195Net Assets 2013: -$8,028,4142013Assets 2014: $3,435,065Liabilities 2014: $11,921,823Net Assets 2014: -$8,486,7582014Assets 2015: $1,869,108Liabilities 2015: $11,242,339Net Assets 2015: -$9,373,2312015Assets 2016: $1,249,975Liabilities 2016: $11,095,477Net Assets 2016: -$9,845,5022016Assets 2017: $1,654,200Liabilities 2017: $12,156,366Net Assets 2017: -$10,502,1662017Assets 2018: $1,281,151Liabilities 2018: $12,128,804Net Assets 2018: -$10,847,6532018Assets 2019: $1,551,405Liabilities 2019: $12,240,017Net Assets 2019: -$10,688,6122019Assets 2020: $2,246,131Liabilities 2020: $11,277,613Net Assets 2020: -$9,031,4822020Assets 2021: $1,702,794Liabilities 2021: $11,186,039Net Assets 2021: -$9,483,2452021Assets 2022: $1,815,255Liabilities 2022: $9,769,354Net Assets 2022: -$7,954,0992022

Highlighted filing

2022

Assets$1,815,255
Liabilities$9,769,354
Net Assets-$7,954,099

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $16,402,7092010Expenses 2011: $16,440,9992011Expenses 2012: $16,773,7892012Revenue 2013: $14,177,509Expenses 2013: $14,046,708Net Income 2013: $130,8012013Revenue 2014: $13,871,491Expenses 2014: $14,329,835Net Income 2014: -$458,3442014Revenue 2015: $13,900,957Expenses 2015: $14,972,369Net Income 2015: -$1,071,4122015Revenue 2016: $14,453,541Expenses 2016: $14,925,812Net Income 2016: -$472,2712016Revenue 2017: $14,424,122Expenses 2017: $15,080,786Net Income 2017: -$656,6642017Revenue 2018: $15,126,224Expenses 2018: $15,471,711Net Income 2018: -$345,4872018Revenue 2019: $16,206,105Expenses 2019: $16,633,874Net Income 2019: -$427,7692019Revenue 2020: $16,777,670Expenses 2020: $17,131,804Net Income 2020: -$354,1342020Revenue 2021: $17,589,470Expenses 2021: $18,041,233Net Income 2021: -$451,7632021Revenue 2022: $19,182,764Expenses 2022: $18,277,276Net Income 2022: $905,4882022

Highlighted filing

2022

Revenue$19,182,764
Expenses$18,277,276
Net Income$905,488

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$9.77$7.95$19.2$18.3$0.91
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.70$11.2$9.48$17.6$18.0$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$11.3$9.03$16.8$17.1$0.35
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$12.2$10.7$16.2$16.6$0.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$12.1$10.8$15.1$15.5$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$12.2$10.5$14.4$15.1$0.66
2016Detailed filing. Detailed filing data is available for this year.$1.25$11.1$9.85$14.5$14.9$0.47
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$11.2$9.37$13.9$15.0$1.07
2014Detailed filing. Detailed filing data is available for this year.$3.44$11.9$8.49$13.9$14.3$0.46
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.10$12.1$8.03$14.2$14.0$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$12.0$8.16$16.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$8.58$5.53$16.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$9.76$5.74$16.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 12, 2023
Return Version
2021v4.2
Gross Receipts
$19,182,764
Mission and Program Overview

Mission

The mission of highbridge advisory council, family services, is to provide families access to a high quality early childhood education for children in the bronx. We are an inclusive community that values diversity in a child-centered environment. Our organization believes that children learn best when they are engaged in a rigorous curriculum and in an environment that promotes an optimal learning experience. Our instructional strategies ensure involvement and engagement of students with disabilities, developmentally advanced, struggling and linguistically diverse learners. We strive for excellence by cultivating students interest and enhancing their skills in our classrooms. We at highbridge advisory council are committed to building a community of life-long learners.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,582,192$1,028,622▼ $553,570
Cash and Non-Interest-Bearing Accounts$13,947$656,035▲ $642,088
Prepaid Expenses and Deferred Charges$53,021--
Land, Buildings, and Equipment, Net$1,925$1,532▼ $393
Accounts Receivable-$866-
Total Assets$1,780,427$1,815,255▲ $34,828
Other Assets Total$129,342$128,200▼ $1,142
Liabilities
Other Liabilities$6,700,380$6,271,308▼ $429,072
Accounts Payable and Accrued Expenses$2,137,129$1,992,921▼ $144,208
Unsecured Notes Loans Payable$2,348,530$1,505,125▼ $843,405
Total Liabilities$11,186,039$9,769,354▼ $1,416,685
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$409,333-
Net Assets Without Donor Restrictions$-9,405,612$-8,363,432▲ $1,042,180
Total Net Assets Fund Balance$-9,405,612$-7,954,099▲ $1,451,513
Total Liabilities and Net Assets / Fund Balance$1,780,427$1,815,255▲ $34,828

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$656,391$656,391
Equipment$1,532$400,867$402,399
Other Assets Org$128,200--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pearl ThomasEducational DirectorFT$112,006$21,347$133,353
Millie Campbell-dublinDirector of Clinical Services-$111,843$10,418$122,261
Mark GoldsteinCFOFT$86,212$21,818$108,030

Highest Paid Contractors

ContractorServicesLocationCompensation
880 River Avenue LLCRent880 River Avenue, Bronx, NY 10452$560,619
Health Insurance Plan of NYEmployee Benefits3250 Westchester Avenue, Bronx, NY 10452$539,646
DCC Local 205Employee BenefitsOne Hudson Square, Brooklyn, NY 10013$326,516
Caring HandsClinical Services6721 14th Avenue, Brooklyn, NY 11219$190,738
Courtland Crescent Master Tenant LLRent383 E162nd St, Bronx, NY 10451$156,270
Revenue and Support

Revenue Composition

Contributions and Grants
$19,076,540
Program Service Revenue
$102,046
Investment Income
$0
Other Revenue
$4,178
All Other Contributions
$2,087
Change in Net Assets
$905,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,182,764
Total Revenue per Audited Statements
$19,182,764
Total Revenue per Form 990
$19,182,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,909,269
Other Expenses$6,368,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,664,624$1,198,946-$9,863,570
Other Expenses$2,535,582$99,884-$2,535,582
Other Employee Benefits$1,280,579$10,557-$1,291,136
Occupancy$654,606$290,011-$944,617
Payroll Taxes$433,818$320,745-$754,563
Office Expenses$229,049$35,588-$264,637
Insurance$109,849$12,581-$122,430
All Other Expenses$29,433$34,039-$63,472
Advertising$12,086$5,149-$17,235
Travel$4,470$438-$4,908
Depreciation Depletion-$391-$391
Total Functional Expenses$15,943,630$2,333,646$0$18,277,276

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,277,276
Total Expenses per Audited Statements$18,277,276
Total Expenses per Form 990$18,277,276
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
Federal income taxes$6,271,308
Due to Funding Source-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section B, Line 11B

The form 990 was presented to the ceo upon completion and review. The ceo then convened the finance committee of the board for a review with the outside audit firm available to provide explanations and answer any questions before approval. The form 990 was then distributed to all board members for review and approval prior to being filed.

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

The council requires all directors, principal officer, and member of a committee with governing board delegated powers to sign a conflict of interest statement on an annual basis. Potential conflicts of interest are reported to the directors and members of committees with governing board delegated powers. An individual with a potential conflict is required to leave the room during the discussion as well as the vote over the transaction or arrangement involving the possible conflict of interest.

Form 990, Part VI, Section B, Line 15

The board of directors reviews comparability data before determining and approving compensation for officers annually. This process was last done in fiscal year 2020.

Form 990, Part VI, Section C, Line 19

Hac maintains copies of these documents at the main office, to be provided to the public, upon request.

Filing and Contact Details

Filer

Filer Name
Highbridge Advisory Council Family Services Inc
EIN
13-2724492
Phone
9173985518
Address
880 RIVER AVENUE STE 2ND FL, Bronx, NY 10452

Signing Officer

Name
Neil Johnson
Title
Controller
Phone
9173985518
Signed
2023-09-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Neil Johnson
Formed
1970
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
277

Preparer

Firm
Grace Nkenke CPA
Address
221-10 JAMAICA AVENUE SUITE 207, QUEENS VILLAGE, NY 11428
Preparer
Grace Nkenke
Phone
7184681240
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 558,867, Grants and allocations 968,200, Revenue 0 STABILIZATION GRANT- TO HELP SUPPORT THE WORKFORCE AND STRENGTHEN THE INFRASTRUCTURE OF THE ORGANIZATION.

Form 990, Part I, Line 1

To develop and strengthen the cognitive and physical developement of the children by engaging the parent in a supported developmental and learning process, through the provision of quality educational and social services, and the creation of linkages with other service institutions in the community.

Form 990, Part III, Line 1

The mission of hac is to provide families access to a high quality early childhood educatiin for children in the bronx. We are an inclusive community that values diversity in a child-centered environment. Our organizations believes that children learn best when they are engaged in a rigorous curriculum and in an environment that promotes an optimal learning experience.

Form 990, Part III, Line 4D

Stabilization grant- to help support the workforce and strengthen the infrastructure of the organization.

Form 990, Part XII, Line 2C

The organizations audit oversight and selection process has not changed from the prior year.

Raw XML AppendixShowing 400 of 540 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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