Civic Intelligence

Bowery Residents' Committee Inc

EIN 13-2736659 • 501(c)3 • New York, NY

Profile

Bowery residents' committee, inc. Was formed to meet the needs of people with low income, homeless, hungry, chemically dependent, psychiatrically disabled, aged and persons with hiv and aids. The organization provides a comprehensive array of services including health care, vocational rehabilitation, aids services, community education and advocacy. By providing these services, the organization offers its clients the means to function successfully in the society, and seeks to improve the quality of life in our community.

131 West 25th Street 12th FloorNew York, NY 10001

www.brc.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.94x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

1.61x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

28th percentile

-1.0%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

25th percentile

$475,892

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

10th percentile

-6.0%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

1.3%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$315,709,299

Down $20,158,237 (-6.0%) from 2023

Liabilities

Down

$297,602,489

Down $18,882,856 (-6.0%) from 2023

Net Assets

Down

$18,106,810

Down $1,275,381 (-6.6%) from 2023

Revenue

Up

$184,820,254

Up $2,424,855 (+1.3%) from 2023

Expenses

Up

$186,723,811

Up $6,625,075 (+3.7%) from 2023

Net Income

Down

-$1,903,557

Down $4,200,220 (-183%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2011: $37,258,572Liabilities 2011: $32,406,617Net Assets 2011: $4,851,9552011Assets 2012: $35,037,388Liabilities 2012: $28,930,541Net Assets 2012: $6,106,8472012Assets 2013: $38,198,399Liabilities 2013: $32,297,117Net Assets 2013: $5,901,2822013Assets 2014: $31,804,453Liabilities 2014: $27,288,535Net Assets 2014: $4,515,9182014Assets 2015: $33,185,104Liabilities 2015: $28,301,542Net Assets 2015: $4,883,5622015Assets 2016: $32,738,785Liabilities 2016: $27,357,918Net Assets 2016: $5,380,8672016Assets 2017: $32,516,261Liabilities 2017: $24,660,332Net Assets 2017: $7,855,9292017Assets 2018: $44,271,862Liabilities 2018: $30,721,087Net Assets 2018: $13,550,7752018Assets 2019: $39,811,165Liabilities 2019: $24,080,796Net Assets 2019: $15,730,3692019Assets 2020: $50,040,989Liabilities 2020: $34,593,499Net Assets 2020: $15,447,4902020Assets 2021: $71,975,158Liabilities 2021: $53,896,693Net Assets 2021: $18,078,4652021Assets 2022: $80,406,684Liabilities 2022: $63,321,156Net Assets 2022: $17,085,5282022Assets 2023: $335,867,536Liabilities 2023: $316,485,345Net Assets 2023: $19,382,1912023Assets 2024: $315,709,299Liabilities 2024: $297,602,489Net Assets 2024: $18,106,8102024

Highlighted filing

2024

Assets$315,709,299
Liabilities$297,602,489
Net Assets$18,106,810

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2011: $49,025,9342011Expenses 2012: $55,157,7772012Revenue 2013: $63,366,599Expenses 2013: $63,574,293Net Income 2013: -$207,6942013Revenue 2014: $64,166,088Expenses 2014: $65,551,452Net Income 2014: -$1,385,3642014Revenue 2015: $67,845,964Expenses 2015: $67,496,335Net Income 2015: $349,6292015Revenue 2016: $71,824,190Expenses 2016: $71,307,929Net Income 2016: $516,2612016Revenue 2017: $76,939,831Expenses 2017: $74,478,177Net Income 2017: $2,461,6542017Revenue 2018: $85,935,889Expenses 2018: $80,253,237Net Income 2018: $5,682,6522018Revenue 2019: $93,443,690Expenses 2019: $90,138,664Net Income 2019: $3,305,0262019Revenue 2020: $99,951,486Expenses 2020: $100,234,365Net Income 2020: -$282,8792020Revenue 2021: $134,323,152Expenses 2021: $131,692,177Net Income 2021: $2,630,9752021Revenue 2022: $138,461,916Expenses 2022: $137,674,236Net Income 2022: $787,6802022Revenue 2023: $182,395,399Expenses 2023: $180,098,736Net Income 2023: $2,296,6632023Revenue 2024: $184,820,254Expenses 2024: $186,723,811Net Income 2024: -$1,903,5572024

Highlighted filing

2024

Revenue$184,820,254
Expenses$186,723,811
Net Income-$1,903,557

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$316$298$18.1$185$187$1.90
2023Detailed filing. Detailed filing data is available for this year.$336$316$19.4$182$180$2.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.4$63.3$17.1$138$138$0.79
2021Detailed filing. Detailed filing data is available for this year.$72.0$53.9$18.1$134$132$2.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.0$34.6$15.4$100.0$100$0.28
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$39.8$24.1$15.7$93.4$90.1$3.31
2018Detailed filing. Detailed filing data is available for this year.$44.3$30.7$13.6$85.9$80.3$5.68
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$24.7$7.86$76.9$74.5$2.46
2016Detailed filing. Detailed filing data is available for this year.$32.7$27.4$5.38$71.8$71.3$0.52
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.2$28.3$4.88$67.8$67.5$0.35
2014Detailed filing. Detailed filing data is available for this year.$31.8$27.3$4.52$64.2$65.6$1.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.2$32.3$5.90$63.4$63.6$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$28.9$6.11$55.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.3$32.4$4.85$49.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$185,172,879
Mission and Program Overview

Mission

Bowery residents' committee, inc. Was formed to meet the needs of people with low income, homeless, hungry, chemically dependent, psychiatrically disabled, aged and persons with hiv and aids. The organization provides a comprehensive array of services including health care, vocational rehabilitation, aids services, community education and advocacy. By providing these services, the organization offers its clients the means to function successfully in the society and seeks to improve the quality of life in our community.

Helping people reclaim lives lost: we restore hope and dignity by offering opportunities for health and self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,889,957$30,532,674▲ $642,717
Accounts Receivable$25,758,899$22,192,986▼ $3,565,913
Cash and Non-Interest-Bearing Accounts$5,794,651$4,351,868▼ $1,442,783
Savings and Temporary Cash Investments$1,539,099$2,503,601▲ $964,502
Prepaid Expenses and Deferred Charges$2,225,755$2,470,732▲ $244,977
Pledges and Grants Receivable$801,076$698,375▼ $102,701
Investments Other Securities$100--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$335,867,536$315,709,299▼ $20,158,237
Other Assets Total$269,857,999$252,959,063▼ $16,898,936
Liabilities
Other Liabilities$285,005,050$269,532,465▼ $15,472,585
Accounts Payable and Accrued Expenses$22,114,165$25,372,766▲ $3,258,601
Mortgage Notes Payable Secured by Investment Property$5,951,308$2,091,499▼ $3,859,809
Unsecured Notes Loans Payable$1,000,000--
Deferred Revenue$2,414,822$605,759▼ $1,809,063
Total Liabilities$316,485,345$297,602,489▼ $18,882,856
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,635,401$17,693,981▼ $941,420
Net Assets With Donor Restrictions$746,790$412,829▼ $333,961
Total Net Assets Fund Balance$19,382,191$18,106,810▼ $1,275,381
Total Liabilities and Net Assets / Fund Balance$335,867,536$315,709,299▼ $20,158,237

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,376,589$12,579,012$39,955,601
Equipment$1,357,876$5,272,363$6,630,239
Leasehold Improvements$251,397$5,141,871$5,393,268
Other Land Buildings$1,546,812-$1,546,812
Other Assets Org$250,252,895--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lawrence RosenblattCEO and PresidentFT$395,738$80,154$475,892
Arjun ViswanathanPsychiatric Nurse PractitionerFT$327,002$32,086$359,088
Lilia Marini-calvesChief Financial OfficerFT$305,931$52,343$358,274
David TatumChief of StaffFT$254,655$80,825$335,480
Mahalia PrevilusMedical Director Substance AbuseFT$249,221$37,757$286,978
Nicole ClareChief Real Estate Development OfficerFT$231,845$43,654$275,499
Kelly QuirkChief Program OfficerFT$244,952$16,683$261,635
Jules MayardMedical DoctorFT$237,578$11,985$249,563

Board Members and Trustees

NameTitle
Julie SalamonChair
Lawrence GrahamVice Chair
Marcy WilkovVice Chair
Richard SwansonVice Chair
Brouck AmergaDirector
Chris SauerDirector
Danny BloomDirector
David BergDirector
Devon LawrenceDirector
Joanne WongDirector
Julia HodgsonDirector
Kathryn StokesDirector
Leslie WildesDirector
Philip R PitruzzelloDirector
Richard EaddyDirector
Simon MillerDirector
Steven M Safyer MdDirector
Todd R SnyderDirector
Rose OstrowDirector (thru 3/2023)
Antonio MolestinaSecretary
Matthew SirovichTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Allied Universal Security ServicesSecurityPO BOX 828854, Philadelphia, PA 19182$4,493,566
Ringo LLCTemp Personnel445 Broadhollow Road Suite 119, Melville, NY 11747$2,428,697
Corsica Technologies LLCCybersecurity & It2977 4H PARK ROAD SUITE 204, Centreville, MD 21617$791,401
Think Architecture And Design PllcArchitecture1 Metro Tech Center North 6th Floo, Brooklyn, NY 11201$534,914
Abs Staffing Solutions LLCTemp Personnel902 BROADWAY FL 6, New York, NY 10010$454,594
Revenue and Support

Revenue Composition

Contributions and Grants
$173,659,409
Program Service Revenue
$8,766,895
Investment Income
$570,745
Other Revenue
$1,823,205
All Other Contributions
$2,735,770
Change in Net Assets
$-1,903,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$184,820,254
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,416,419
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$188,236,673
Total Revenue per Form 990
$184,820,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,644,790
Salaries, Compensation, and Employee Benefits$84,057,451
Total Fundraising Expense$1,213,439
Professional Fundraising Fees$21,570
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,763,865$8,081,263$721,581$65,566,709
Occupancy$60,890,010$1,881,521$84,767$62,856,298
Fees for Services Other$11,878,871$1,373,527$36,864$13,289,262
Other Employee Benefits$8,439,332$1,292,417$111,916$9,843,665
Office Expenses$4,789,549$431,335$126,166$5,347,050
Payroll Taxes$4,063,694$670,705$53,890$4,788,289
Insurance$2,740,431$116,726$10,064$2,867,221
Pension Plan Contributions$2,370,901$322,109$31,441$2,724,451
Depreciation Depletion$1,327,162$885,306$2,924$2,215,392
Conferences and Meetings$621,230$659,728$8,369$1,289,327
Other Expenses$582,843$624,372$1,262$1,208,477
Current Officers, Directors, Trustees, and Key Employees-$1,134,337-$1,134,337
Fees for Services Legal-$293,775-$293,775
Interest$215,510$22,499-$238,009
Fees for Services Accounting-$201,387-$201,387
Travel$51,751$11,351$293$63,395
Fees for Services Professional Fundraising--$21,570$21,570
Total Functional Expenses$165,003,114$20,507,258$1,213,439$186,723,811

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$192,639,134
Expenses per Audited Statements$186,723,811
Total Expenses per Form 990$186,723,811
Expenses Not Reported on Form 990$5,915,323
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$352,625
Fundraising Gross Income$331,055
Professional Fundraising Fees$21,570

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,478,274$331,055$97,307$233,748
Event 2-$0-$0
Total Events$1,478,274$331,055$352,625$-21,570
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
DUE TO GOV'T AGENCIES$259,961,549
Other liabilities$5,291,610
Due to Affiliates$4,279,306
Lease Liability-
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The draft form 990 was reviewed by the controller and cfo. Any questions were discussed and resolved with the preparer. The 990 was then presented to the board of directors for review before filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

Conflict of interest statements are signed by officers and key employees prior to hire, and signed by board members prior to joining the board, and annually thereafter. The audit committee of the board reviews each reported potential conflict of interest and reports its recommendations to the full board for approval. If a conflict of interest arises, the matter may be remedied via recusal or disqualification of the board member. This simply means that the board member does not participate in the matter that poses the conflict of interest. In the event of a violation of the conflict of interest policy, the organization reserves the right to immediately dismiss the employee or board member of interest.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

A brc board committee reviews comparable data from the economic research institute in determining compensation for the cfo and ceo. Deliberation is performed and a decision is made in a closed-door meeting. This process was last undertaken for lilia marini-calves, cfo, in february 2022 and lawrence rosenblatt, ceo, in june 2022.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

A brc board committee reviews comparable data from the economic research institute in determining compensation for the chief of staff. Deliberation is performed and a decision is made in a closed-door meeting. This process was last undertaken for david tatum in april 2023.

Form 990, Part VI, Line 19 Required documents available to the public

The audited financial statements are available to the public on brc's website at brc.org.

Filing and Contact Details

Filer

Filer Name
Bowery Residents Committee Inc
EIN
13-2736659
Phone
2128035700
Address
131 WEST 25TH STREET 12TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
Lawrence Rosenblatt
Title
President
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
20
Employees
1,924
Volunteers
1,200

Preparer

Firm
Forvis Llp
Address
135 West 50th Street, New York, NY 10020
Preparer
Aaron Shapiro
Phone
2128127000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 14,245,073 including grants of $)(Revenue $ 6,235,627) TREATMENT SERVICES - SEE SCHEDULE O

Form 990, Part III, Line 1

Brc is one of new york city's largest, most experienced and most successful providers of housing and services for individuals experiencing homelessness. Founded in 1971 by a group of recovering alcoholics living in poverty in the bowery's infamous flophouses, these individuals had hope, and a firm belief that better days lay ahead. Brc has grown significantly since our grassroots beginning and now operates more than 30 programs with an annual budget of over $200 million. Our robust continuum of housing and services includes over 3,700 units of transitional and permanent housing; outreach and day treatment programs; and substance abuse and medical services. Together, these programs offer a caring and effective path from homelessness to home, providing comprehensive services that guide each individual on their unique journey. We measure our work and how well it is done, making sure our efforts achieve impact. In fiscal year 2023, brc served 12,512 individuals at our site-based programs and thousands more through our outreach programs. Over one-half of those who left brc programs achieved positive outcomes; including 165 people who successfully engaged in substance use treatment and moved on to the next step in their recovery, 351 brc clients who entered the workforce during the year, and 1,018 individuals who moved into more independent housing.

Form 990, Part III, Line 4A

Gateway services - brc is the largest and longest serving provider of homeless outreach services in new york city. The brc homeless outreach teams work with homeless individuals to motivate them to accept services that will get them off the street both initially and for the long term. Teams build trust with each individual, break down resistance to services and remain determinedly focused on identifying appropriate and acceptable placements for our clients. In fiscal year 2023, these operations made over 7,500 contacts per month with homeless individuals, resulting in 12,846 placements of unsheltered individuals from the streets and subways into safe havens, shelters, housing, drop-in centers, substance abuse treatment and other needed services. Brc is also new york city's largest provider of low-demand housing, providing a safe and welcoming environment for chronically homeless adults who have been living on the street and subways. These programs adhere to a philosophy of harm reduction: assistance in obtaining housing and employment is available, and health, mental health, and substance abuse services are offered, but not mandated. In fiscal year 2023, brc's safe haven and stabilization included nearly 1,000 units throughout the metropolitan area, in both congregate and scattered site settings. The agency's low-demand housing programs served 1,858 people in fiscal year 2023, and positively discharged 388 formerly chronically homeless individuals into housing and other more appropriate settings.

Form 990, Part III, Line 4B

Homeless services - in fiscal year 2023, brc operated seven shelters with a total of 1,430 beds in manhattan, brooklyn, the bronx and queens, and a 200-bed assessment center in brooklyn. This continuum includes two new adult family shelters serving adult families without children in queens than opened in 2022. At our shelter programs, we offer residents a complete range of case management, medical and mental health stabilization, and employment support services aimed at moving them into housing. Brc's seven shelter programs made 579 placements of clients into housing and other more appropriate settings in fiscal year 2023. At the assessment center, brc evaluates each individual and links them to the housing and services that best meets their needs, both in and outside of the shelter system. Our assessment center made 1,573 diversions of clients out of the dhs shelter system in fiscal year 2023, including 90 people who were placed directly into housing opportunities. Clients at brc's shelters and the assessment center in fiscal year 2023 also had access to brc's fully integrated housing and employment services through our horizons workforce development program, which is housed within brc's employment and adult family shelters. In fiscal year 2023, horizons served 895 individuals, including 483 who were newly admitted to the program and 168 who found employment during the year.

Form 990, Part III, Line 4C

Housing services - brc is a major provider of housing for people with a history of homelessness. In fiscal year 2023, the agency operated 957 units of permanent housing throughout new york city, where residents have signed leases and tenancy rights. These include 183 units of congregate supported housing across five programs; the 135-unit apartments at landing road that provides low income housing for the working poor; 456 scatter-site supported apartments in manhattan, brooklyn and the bronx through the homeplus program; and bronx family housing, a 183-unit program across three facilities in the bronx which brc took responsibility as the service provider and future owner and renovator for in june 2021 as part of the city's effort to convert "cluster site" shelters to permanent housing. Our permanent housing programs are a key resource for graduates from brc safe haven, shelter and transitional housing programs, and often serve as the appropriate next step for housing. In fiscal year 2023, brc housed more than 1,100 individuals at its permanent housing programs. Additionally, brc operates a senior center, which provides meals, recreational activities and health care services to needy seniors, primarily serving marginally housed, medically frail and under acculturated chinese speaking seniors. In fiscal year 2023, the senior center served 496 individuals, with an average of 159 clients receiving the program's services each day.

Form 990, Part III, Line 4D

Treatment services - brc operates three supported community residences with a combined capacity of 104 beds and a 92-bed supportive apartment treatment program, all for formerly homeless clients living with mental illness and substance use and who need continuing support to live in a community setting. All of these programs are licensed through the nys office of mental health. In fiscal year 2023, these programs served 233 individuals, including 37 people who moved on to more independent housing. In addition, brc operates two substance abuse treatment programs licensed by nys office of addiction services and supports. Brc's fred cooper substance abuse service center (sasc) provides the setting and support necessary for substance abusers with complicated treatment histories to attain long-term recovery and stability in their lives. Sasc served 289 individuals in fiscal year 2023, with an average of 45 clients receiving the program's services each day. Brc's 32-bed chemical dependency crisis center (cdcc) provides inpatient rehabilitation and stabilization services that help those with chemical addiction begin their recovery from substance use and take the next step toward long-term stability. In fiscal year 2023, cdcc served 230 people with a positive discharge rate of 75%. Brc also operated a care coordination program in fiscal year 2023, offering comprehensive case management services to a caseload of 130 individuals diagnosed with mental illness, many also with a history of substance abuse and/or homelessness. In fiscal year 2023, brc care coordination served 137 individuals.

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Related entity revenue - 2566199

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Related entity expenses - 5693279

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