Civic Intelligence

Nerve Inc - Hpd

990 • Fiscal year 2022 • EIN 13-2906899

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.49x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

82nd percentile

34%

Higher net margin than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$97,999

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

95%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$3,138,555

Up $545,060 (+21%) from 2021

Net Assets

Up

$2,034,231

Up $738,879 (+57%) from 2021

Liabilities

Down

$1,104,324

Down $193,819 (-15%) from 2021

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin82nd percentile

Revenue

Up

$2,245,690

Up $1,091,220 (+95%) from 2021

Expenses

Up

$1,491,048

Up $78,953 (+5.6%) from 2021

Net Income

Up

$754,642

Up $1,012,267 (+393%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2022

Assets$3,138,555
Liabilities$1,104,324
Net Assets$2,034,231
Open 2022 Filing

Operations Trend

Revenue Growth90th 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

2022

Revenue$2,245,690
Expenses$1,491,048
Net Income$754,642
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$2,245,690
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$1,902,707$1,936,055▲ $33,348
Cash and Non-Interest-Bearing Accounts$90,701$564,887▲ $474,186
Accounts Receivable$133,050$149,893▲ $16,843
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,593,495$3,138,555▲ $545,060
Other Assets Total$467,037$487,720▲ $20,683
Liabilities
Mortgage Notes Payable Secured by Investment Property$557,747$522,823▼ $34,924
Accounts Payable and Accrued Expenses$621,660$516,669▼ $104,991
Other Liabilities$61,236$64,832▲ $3,596
Unsecured Notes Loans Payable$57,500--
Total Liabilities$1,298,143$1,104,324▼ $193,819
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,295,352$2,034,231▲ $738,879
Total Net Assets Fund Balance$1,295,352$2,034,231▲ $738,879
Total Liabilities and Net Assets / Fund Balance$2,593,495$3,138,555▲ $545,060

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,555,720$924,880$2,480,600
Land$379,346-$379,346
Equipment$989$18,786$19,775
Other Land Buildings-$4,304$4,304
Other Assets Org$29,006--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Roberto AnazagastiPresidentFT$97,999$97,999
Dennis ReederTreasurer-$1,925$1,925
Efrain PenaMember-$1,925$1,925
Lorenzo HernandeMember-$1,925$1,925
Manuel SilvaMember-$1,925$1,925
Martha RosadoChairperson-$1,750$1,750
Anne KadamaniSecretary-$1,400$1,400
Gemel DeshazoVice Chair-$1,400$1,400
Revenue and Support

Revenue Composition

Contributions and Grants
$148,723
Program Service Revenue
$1,034,046
Investment Income
$1,050,509
Other Revenue
$12,412
Change in Net Assets
$754,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,245,690
Revenue Not Reported on Form 990
$66,840
Total Revenue per Audited Statements
$2,312,530
Total Revenue per Form 990
$2,245,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,101,608
Salaries, Compensation, and Employee Benefits$389,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,055$197,386-$291,441
Insurance$98,805$24,299-$123,104
All Other Expenses$84,276$25,819-$110,095
Current Officers, Directors, Trustees, and Key Employees-$97,999-$97,999
Depreciation Depletion$64,498$3,955-$68,453
Fees for Services Other$2,119$61,702-$63,821
Other Expenses$45,473$5,864-$51,337
Office Expenses$15,312$10,756-$26,068
Interest$17,281$2,035-$19,316
Total Functional Expenses$1,061,233$429,815$0$1,491,048

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,671,657
Expenses per Audited Statements$1,491,048
Total Expenses per Form 990$1,491,048
Expenses Not Reported on Form 990$180,609
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$45,619
Interest payable$13,932
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
2023-05-15
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
17

Preparer

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

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Bad debt = -$15763”

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, 2019 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 $66840”

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

“Consolidation adjustment $180609”

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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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/BOYAmt0557747
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0522823
IRS990/NetAssetsOrFundBalancesBOYAmt01295352
IRS990/NetAssetsOrFundBalancesEOYAmt02034231
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01295352
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02034231
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010756
IRS990/OfficeExpensesGrp/ProgramServicesAmt015312
IRS990/OfficeExpensesGrp/TotalAmt026068
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0467037
IRS990/OtherAssetsTotalGrp/EOYAmt0487720
IRS990/OtherChangesInNetAssetsAmt0-15763
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2WATER AND SEWER
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05864
IRS990/OtherExpensesGrp/ProgramServicesAmt0320770
IRS990/OtherExpensesGrp/ProgramServicesAmt1229166
IRS990/OtherExpensesGrp/ProgramServicesAmt289478
IRS990/OtherExpensesGrp/ProgramServicesAmt345473
IRS990/OtherExpensesGrp/TotalAmt0320770
IRS990/OtherExpensesGrp/TotalAmt1229166
IRS990/OtherExpensesGrp/TotalAmt289478
IRS990/OtherExpensesGrp/TotalAmt351337
IRS990/OtherLiabilitiesGrp/BOYAmt061236
IRS990/OtherLiabilitiesGrp/EOYAmt064832
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012412
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012412
IRS990/OtherRevenueTotalAmt012412
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0197386
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt094055
IRS990/OtherSalariesAndWagesGrp/TotalAmt0291441
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ROBERTO ANAZAGASTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01034046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01034046
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0148923
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt027
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01017366
IRS990/PYOtherRevenueAmt011492
IRS990/PYProgramServiceRevenueAmt0994028
IRS990/PYRevenuesLessExpensesAmt0-257625
IRS990/PYSalariesCompEmpBnftPaidAmt0394729
IRS990/PYTotalExpensesAmt01412095
IRS990/PYTotalRevenueAmt01154470
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0754642
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01034046
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0148723
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0148923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0134342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt088671
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt093669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0614328
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01034046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0994028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01003913
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01060001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0939977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05031965
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05646293
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01182769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01142951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01138255
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01148672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01033646
IRS990ScheduleA/Total509Grp/TotalAmt05646293
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01182769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01142951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01138255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01148672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01033646
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05646293
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/BookValueAmt01555720
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0924880
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02480600
IRS990ScheduleD/EquipmentGrp/BookValueAmt0989
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018786
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019775
IRS990ScheduleD/ExpensesNotReportedAmt0180609
IRS990ScheduleD/ExpensesSubtotalAmt01491048
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0379346
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0379346
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0456163
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt229006
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt0180609
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04304
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt345619
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY HELD FOR OPERATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Tenant security deposits payable
IRS990ScheduleD/OtherRevenueAmt066840
IRS990ScheduleD/RevenueNotReportedAmt066840
IRS990ScheduleD/RevenueSubtotalAmt02245690
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, 2019 and after remains subject to examination.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Consolidation adjustment $66840
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Consolidation adjustment $180609
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/TotalBookValueLandBuildingsAmt01936055
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0487720
IRS990ScheduleD/TotalExpensesPerForm990Amt01491048
IRS990ScheduleD/TotalLiabilityAmt064832
IRS990ScheduleD/TotalRevenuePerForm990Amt02245690
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02312530
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01671657
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,138,555
Liabilities
$1,104,324
Net assets
$2,034,231
Revenue
$2,245,690
Expenses
$1,491,048
Net income
$754,642
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
2022Detailed filing. Detailed filing data is available for this year.$3.14$1.10$2.03$2.25$1.49$0.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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