Civic Intelligence

Nerve Inc - Hpd

990 • Fiscal year 2021 • EIN 13-2906899

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

Organization ProfileWWW.NERVEINC.ORG

Refreshing map…

18 East 116th StreetNew York, NY 10029

(212) 427-0555

Siviq Scores

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

Liabilities / Assets

84th percentile

0.50x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.12x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

10th percentile

-22%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$98,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-0.8%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-2.9%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$2,593,495

Down $21,372 (-0.8%) from 2020

Net Assets

Down

$1,295,352

Down $303,323 (-19%) from 2020

Liabilities

Up

$1,298,143

Up $281,951 (+28%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin10th percentile

Revenue

Down

$1,154,470

Down $34,100 (-2.9%) from 2020

Expenses

Up

$1,412,095

Up $111,935 (+8.6%) from 2020

Net Income

Down

-$257,625

Down $146,035 (-131%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,657,408Liabilities 2010: $547,192Net Assets 2010: $2,110,2162010Assets 2011: $2,594,823Liabilities 2011: $828,952Net Assets 2011: $1,765,8712011Assets 2012: $3,482,986Liabilities 2012: $1,825,995Net Assets 2012: $1,656,9912012Assets 2013: $2,921,620Liabilities 2013: $675,516Net Assets 2013: $2,246,1042013Assets 2014: $2,507,916Liabilities 2014: $497,009Net Assets 2014: $2,010,9072014Assets 2015: $2,685,862Liabilities 2015: $647,894Net Assets 2015: $2,037,9682015Assets 2016: $2,670,967Liabilities 2016: $615,715Net Assets 2016: $2,055,2522016Assets 2017: $2,492,039Liabilities 2017: $570,568Net Assets 2017: $1,921,4712017Assets 2018: $3,931,239Liabilities 2018: $2,134,936Net Assets 2018: $1,796,3032018Assets 2019: $3,774,359Liabilities 2019: $2,092,117Net Assets 2019: $1,682,2422019Assets 2020: $2,614,867Liabilities 2020: $1,016,192Net Assets 2020: $1,598,6752020Assets 2021: $2,593,495Liabilities 2021: $1,298,143Net Assets 2021: $1,295,3522021Assets 2022: $3,138,555Liabilities 2022: $1,104,324Net Assets 2022: $2,034,2312022Assets 2023: $2,694,986Liabilities 2023: $1,107,888Net Assets 2023: $1,587,0982023Assets 2024: $2,228,895Liabilities 2024: $958,678Net Assets 2024: $1,270,2172024

Highlighted filing

2021

Assets$2,593,495
Liabilities$1,298,143
Net Assets$1,295,352
Open 2021 Filing

Operations Trend

Revenue Growth28th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $907,444Expenses 2010: $952,426Net Income 2010: -$44,9822010Revenue 2011: $868,082Expenses 2011: $1,212,427Net Income 2011: -$344,3452011Revenue 2012: $1,021,362Expenses 2012: $1,130,242Net Income 2012: -$108,8802012Revenue 2013: $1,815,195Expenses 2013: $1,316,286Net Income 2013: $498,9092013Revenue 2014: $1,004,616Expenses 2014: $1,171,807Net Income 2014: -$167,1912014Revenue 2015: $1,018,624Expenses 2015: $1,170,520Net Income 2015: -$151,8962015Revenue 2016: $1,159,738Expenses 2016: $1,162,545Net Income 2016: -$2,8072016Revenue 2017: $1,029,532Expenses 2017: $1,163,314Net Income 2017: -$133,7822017Revenue 2018: $1,158,033Expenses 2018: $1,283,201Net Income 2018: -$125,1682018Revenue 2019: $1,165,287Expenses 2019: $1,305,925Net Income 2019: -$140,6382019Revenue 2020: $1,188,570Expenses 2020: $1,300,160Net Income 2020: -$111,5902020Revenue 2021: $1,154,470Expenses 2021: $1,412,095Net Income 2021: -$257,6252021Revenue 2022: $2,245,690Expenses 2022: $1,491,048Net Income 2022: $754,6422022Revenue 2023: $1,146,648Expenses 2023: $1,593,781Net Income 2023: -$447,1332023Revenue 2024: $1,296,097Expenses 2024: $1,692,524Net Income 2024: -$396,4272024

Highlighted filing

2021

Revenue$1,154,470
Expenses$1,412,095
Net Income-$257,625
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$1,154,470
Mission and Program Overview

Mission

Nerve is a non-for-profit corporation established in 1975 for the express purpose of improving the housing and the economy needs of east harlem (el barrio) for all our citizens.

To improve the housing and the economy of east harlem (el barrio) for all our citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,966,290$1,902,707▼ $63,583
Accounts Receivable$108,797$133,050▲ $24,253
Cash and Non-Interest-Bearing Accounts$105,347$90,701▼ $14,646
Prepaid Expenses and Deferred Charges$23,553$0▼ $23,553
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,614,867$2,593,495▼ $21,372
Other Assets Total$410,880$467,037▲ $56,157
Liabilities
Accounts Payable and Accrued Expenses$328,671$621,660▲ $292,989
Mortgage Notes Payable Secured by Investment Property$572,014$557,747▼ $14,267
Other Liabilities$58,007$61,236▲ $3,229
Unsecured Notes Loans Payable$57,500$57,500→ $0
Total Liabilities$1,016,192$1,298,143▲ $281,951
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,598,675$1,295,352▼ $303,323
Total Net Assets Fund Balance$1,598,675$1,295,352▼ $303,323
Total Liabilities and Net Assets / Fund Balance$2,614,867$2,593,495▼ $21,372

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,518,417$864,687$2,383,104
Land$379,346-$379,346
Equipment$4,944$14,831$19,775
Other Assets Org$27,410--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Roberto AnazagastiPresidentFT$98,000$98,000
Dennis ReederSecretary-$1,925$1,925
Lorenzo HernandeMember-$1,925$1,925
Manuel SilvaChairperson-$1,925$1,925
Efrain PenaMember-$1,750$1,750
Martha RosadoMember-$1,750$1,750
Anne KadamaniMember-$1,400$1,400
Gemel DeshazoMember-$1,400$1,400
Revenue and Support

Revenue Composition

Contributions and Grants
$148,923
Program Service Revenue
$994,028
Investment Income
$27
Other Revenue
$11,492
All Other Contributions
$200
Change in Net Assets
$-257,625

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,154,470
Revenue Not Reported on Form 990
$73,444
Total Revenue per Audited Statements
$1,227,914
Total Revenue per Form 990
$1,154,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,017,366
Salaries, Compensation, and Employee Benefits$394,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,458$209,271-$296,729
Insurance$85,482$54,938-$140,420
Current Officers, Directors, Trustees, and Key Employees-$98,000-$98,000
Fees for Services Other$474$96,966-$97,440
All Other Expenses$51,114$14,849-$65,963
Depreciation Depletion$59,628$3,955-$63,583
Other Expenses$39,350$15,545-$54,895
Office Expenses$11,325$9,041-$20,366
Interest$17,939$2,059-$19,998
Total Functional Expenses$907,471$504,624$0$1,412,095

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,624,703
Expenses per Audited Statements$1,412,095
Total Expenses per Form 990$1,412,095
Expenses Not Reported on Form 990$212,608
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Tenant security deposits payable$44,023
Interest payable$11,932
Security Held for Operation$5,000
Prepaid rent$281
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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: Form 990 Review Process

“Form 990 is submited to and approved by the board before filing.”

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

“N.e.r.v.e. Has a conflict of interest policy which is reviewed by the board of directors.”

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

“All governing documents will be made available upon request.”

Filing and Contact Details

Filer

Filer Name
Nerve Inc - Hpd
EIN
13-2906899
Phone
2124270555
Address
18 EAST 116TH STREET, NEW YORK, NY 10029

Signing Officer

Name
Roberto Anazagasti
Title
President
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Anazagasti
Formed
1975
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
12

Preparer

Firm
Ncheng Llp Certified Public Accountants
Address
40 WALL ST 32ND FL, NEW YORK, NY 10005
Preparer
Kwabina Appiah
Phone
2127850100
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Bad debt = -$45698”

Financial Statement Notes

Part X : FIN48 Footnote

“N.E.R.V.E. is exempt from Federal income taxes under Section 501(c) (3) of the Internal Revenue Code and has been classified as a publicly supported organization as described in Code Section 509(a) (1) and 178(b) (A) (VI). It is also exempt from New York State and City income taxes. Therefore, no provision for income taxes has been made in these consolidated financial statements. N.E.R.V.E. applies the provision of FASB ASC 740, on Income Taxes. Management believes that the organization has no uncertain tax positions and has determined that no material uncertain position qualify for either recognition or disclosure in the consolidated financial statements. Periods ending June 30, 2018 and after remains subject to examination.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Consolidation adjustment $73444”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Consolidation adjustment $166910 bad debt $45698”

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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NERVE IS A NON-FOR-PROFIT CORPORATION ESTABLISHED IN 1975 FOR THE EXPRESS PURPOSE OF IMPROVING THE HOUSING AND THE ECONOMY NEEDS OF EAST HARLEM (EL BARRIO) FOR ALL OUR CITIZENS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0572014
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0557747
IRS990/NetAssetsOrFundBalancesBOYAmt01598675
IRS990/NetAssetsOrFundBalancesEOYAmt01295352
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01598675
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01295352
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09041
IRS990/OfficeExpensesGrp/ProgramServicesAmt011325
IRS990/OfficeExpensesGrp/TotalAmt020366
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0410880
IRS990/OtherAssetsTotalGrp/EOYAmt0467037
IRS990/OtherChangesInNetAssetsAmt0-45698
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2WATER AND SEWER
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015545
IRS990/OtherExpensesGrp/ProgramServicesAmt0305390
IRS990/OtherExpensesGrp/ProgramServicesAmt1155810
IRS990/OtherExpensesGrp/ProgramServicesAmt293501
IRS990/OtherExpensesGrp/ProgramServicesAmt339350
IRS990/OtherExpensesGrp/TotalAmt0305390
IRS990/OtherExpensesGrp/TotalAmt1155810
IRS990/OtherExpensesGrp/TotalAmt293501
IRS990/OtherExpensesGrp/TotalAmt354895
IRS990/OtherLiabilitiesGrp/BOYAmt058007
IRS990/OtherLiabilitiesGrp/EOYAmt061236
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER income
IRS990/OtherRevenueMiscGrp/ExclusionAmt011492
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011492
IRS990/OtherRevenueTotalAmt011492
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0209271
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087458
IRS990/OtherSalariesAndWagesGrp/TotalAmt0296729
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023553
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ROBERTO ANAZAGASTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0994028
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0994028
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0134342
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt042
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0922530
IRS990/PYOtherRevenueAmt050273
IRS990/PYProgramServiceRevenueAmt01003913
IRS990/PYRevenuesLessExpensesAmt0-111590
IRS990/PYSalariesCompEmpBnftPaidAmt0377630
IRS990/PYTotalExpensesAmt01300160
IRS990/PYTotalRevenueAmt01188570
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-257625
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0994028
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0148923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0134342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt088671
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt093669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt096026
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0561631
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0994028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01003913
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01060001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0939977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0916473
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04914392
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05476023
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01142951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01138255
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01148672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01033646
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01012499
IRS990ScheduleA/Total509Grp/TotalAmt05476023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01142951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01138255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01148672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01033646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01012499
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05476023
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/BookValueAmt01518417
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0864687
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02383104
IRS990ScheduleD/EquipmentGrp/BookValueAmt04944
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014831
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019775
IRS990ScheduleD/ExpensesNotReportedAmt0212608
IRS990ScheduleD/ExpensesSubtotalAmt01412095
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0379346
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0379346
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0414368
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125259
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt227410
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt0212608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt344023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY HELD FOR OPERATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Tenant security deposits payable
IRS990ScheduleD/OtherRevenueAmt073444
IRS990ScheduleD/RevenueNotReportedAmt073444
IRS990ScheduleD/RevenueSubtotalAmt01154470
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0N.E.R.V.E. is exempt from Federal income taxes under Section 501(c) (3) of the Internal Revenue Code and has been classified as a publicly supported organization as described in Code Section 509(a) (1) and 178(b) (A) (VI). It is also exempt from New York State and City income taxes. Therefore, no provision for income taxes has been made in these consolidated financial statements. N.E.R.V.E. applies the provision of FASB ASC 740, on Income Taxes. Management believes that the organization has no uncertain tax positions and has determined that no material uncertain position qualify for either recognition or disclosure in the consolidated financial statements. Periods ending June 30, 2018 and after remains subject to examination.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Consolidation adjustment $73444
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Consolidation adjustment $166910 bad debt $45698
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01902707
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0467037
IRS990ScheduleD/TotalExpensesPerForm990Amt01412095
IRS990ScheduleD/TotalLiabilityAmt061236
IRS990ScheduleD/TotalRevenuePerForm990Amt01154470
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01227914
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01624703
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS SUBMITED TO AND APPROVED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N.E.R.V.E. HAS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED BY THE BOARD OF DIRECTORS.

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,593,495
Liabilities
$1,298,143
Net assets
$1,295,352
Revenue
$1,154,470
Expenses
$1,412,095
Net income
-$257,625
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.23$0.96$1.27$1.30$1.69$0.40
2023Detailed filing. Detailed filing data is available for this year.$2.69$1.11$1.59$1.15$1.59$0.45
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$1.10$2.03$2.25$1.49$0.75
2021Detailed filing. Detailed filing data is available for this year.$2.59$1.30$1.30$1.15$1.41$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$1.02$1.60$1.19$1.30$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$2.09$1.68$1.17$1.31$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.93$2.13$1.80$1.16$1.28$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.57$1.92$1.03$1.16$0.13
2016Summary only. Only limited summary data is available for this year.$2.67$0.62$2.06$1.16$1.16$0.00
2015Summary only. Only limited summary data is available for this year.$2.69$0.65$2.04$1.02$1.17$0.15
2014Summary only. Only limited summary data is available for this year.$2.51$0.50$2.01$1.00$1.17$0.17
2013Summary only. Only limited summary data is available for this year.$2.92$0.68$2.25$1.82$1.32$0.50
2012Summary only. Only limited summary data is available for this year.$3.48$1.83$1.66$1.02$1.13$0.11
2011Summary only. Only limited summary data is available for this year.$2.59$0.83$1.77$0.87$1.21$0.34
2010Summary only. Only limited summary data is available for this year.$2.66$0.55$2.11$0.91$0.95$0.04