Civic Intelligence

Nerve Inc - Hpd

990 • Fiscal year 2023 • EIN 13-2906899

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

80th percentile

0.41x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.97x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

9th percentile

-39%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

65th percentile

$94,231

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

10th percentile

-14%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$2,694,986

Down $443,569 (-14%) from 2022

Net Assets

Down

$1,587,098

Down $447,133 (-22%) from 2022

Liabilities

Up

$1,107,888

Up $3,564 (+0.3%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin9th percentile

Revenue

Down

$1,146,648

Down $1,099,042 (-49%) from 2022

Expenses

Up

$1,593,781

Up $102,733 (+6.9%) from 2022

Net Income

Down

-$447,133

Down $1,201,775 (-159%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2023

Assets$2,694,986
Liabilities$1,107,888
Net Assets$1,587,098
Open 2023 Filing

Operations Trend

Revenue Growth6th 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

2023

Revenue$1,146,648
Expenses$1,593,781
Net Income-$447,133
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,146,648
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$1,936,055$1,867,524▼ $68,531
Accounts Receivable$149,893$157,104▲ $7,211
Cash and Non-Interest-Bearing Accounts$564,887$111,358▼ $453,529
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$3,138,555$2,694,986▼ $443,569
Other Assets Total$487,720$559,000▲ $71,280
Liabilities
Mortgage Notes Payable Secured by Investment Property$522,823$495,868▼ $26,955
Accounts Payable and Accrued Expenses$516,669$486,075▼ $30,594
Other Liabilities$64,832$125,945▲ $61,113
Total Liabilities$1,104,324$1,107,888▲ $3,564
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,034,231$1,587,098▼ $447,133
Total Net Assets Fund Balance$2,034,231$1,587,098▼ $447,133
Total Liabilities and Net Assets / Fund Balance$3,138,555$2,694,986▼ $443,569

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,488,178$992,422$2,480,600
Land$379,346-$379,346
Equipment-$19,775$19,775
Other Land Buildings-$4,304$4,304
Other Assets Org$29,371--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Roberto AnazagastiPresidentFT$94,231$94,231
Dennis ReederTreasurer-$1,925$1,925
Efrain PenaMember-$1,925$1,925
Lorenzo HernandeMember-$1,925$1,925
Martha RosadoChairperson-$1,750$1,750
Anne KadamaniSecretary-$1,400$1,400
Gemel DeshazoVice Chair-$1,400$1,400
Manuel SilvaMember-$875$875
Jose a RodreguezMember-$700$700
Revenue and Support

Revenue Composition

Contributions and Grants
$94,627
Program Service Revenue
$1,039,591
Investment Income
$0
Other Revenue
$12,430
Change in Net Assets
$-447,133

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,146,648
Revenue Not Reported on Form 990
$83,234
Total Revenue per Audited Statements
$1,229,882
Total Revenue per Form 990
$1,146,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,153,656
Salaries, Compensation, and Employee Benefits$440,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,108$230,950-$321,058
All Other Expenses$176,763$24,127-$200,890
Insurance$95,602$19,952-$115,554
Other Expenses$72,029$15,493-$87,522
Current Officers, Directors, Trustees, and Key Employees-$84,461-$84,461
Office Expenses$31,970$39,799-$71,769
Depreciation Depletion$67,542$989-$68,531
Payroll Taxes$7,645$26,961-$34,606
Fees for Services Other$9,814$20,126-$29,940
Interest$16,704$4,705-$21,409
Total Functional Expenses$1,126,218$467,563$0$1,593,781

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,731,926
Expenses per Audited Statements$1,593,781
Total Expenses per Form 990$1,593,781
Expenses Not Reported on Form 990$138,145
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
Other Liabilities$60,012
Tenant security deposits payable$44,949
Interest payable$15,703
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, Section B, Line 11B

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

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

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

Form 990, Part VI, Section C, Line 19

“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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Anazagasti
Formed
1975
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
17

Preparer

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

Additional Explanations

Form 990, Part IX, Line 24E

“Bad debt: Column (A) - Total = $82410; Column (B) - Program Services = $82410; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“EXTERMINATING: Column (A) - Total = $8605; Column (B) - Program Services = $8605; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“OTHER EXPENSES: Column (A) - Total = $21057; Column (B) - Program Services = $11440; Column (C) - Management & General = $9617; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“SUPPLIES: Column (A) - Total = $78381; Column (B) - Program Services = $64446; Column (C) - Management & General = $13935; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“TELEPHONE: Column (A) - Total = $10437; Column (B) - Program Services = $9862; Column (C) - Management & General = $575; Column (D) - Fundraising = $0”

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, 2020 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 $83234”

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

“Consolidation adjustment $138145”

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IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt019952
IRS990/InsuranceGrp/ProgramServicesAmt095602
IRS990/InsuranceGrp/TotalAmt0115554
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt04705
IRS990/InterestGrp/ProgramServicesAmt016704
IRS990/InterestGrp/TotalAmt021409
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01016501
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01936055
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01867524
IRS990/LandBldgEquipCostOrOtherBssAmt02884025
IRS990/LegalDomicileStateCd0NY
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/BOYAmt0522823
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0495868
IRS990/NetAssetsOrFundBalancesBOYAmt02034231
IRS990/NetAssetsOrFundBalancesEOYAmt01587098
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02034231
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01587098
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt039799
IRS990/OfficeExpensesGrp/ProgramServicesAmt031970
IRS990/OfficeExpensesGrp/TotalAmt071769
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0487720
IRS990/OtherAssetsTotalGrp/EOYAmt0559000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2WATER AND SEWER
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015493
IRS990/OtherExpensesGrp/ProgramServicesAmt0268816
IRS990/OtherExpensesGrp/ProgramServicesAmt1191734
IRS990/OtherExpensesGrp/ProgramServicesAmt297491
IRS990/OtherExpensesGrp/ProgramServicesAmt372029
IRS990/OtherExpensesGrp/TotalAmt0268816
IRS990/OtherExpensesGrp/TotalAmt1191734
IRS990/OtherExpensesGrp/TotalAmt297491
IRS990/OtherExpensesGrp/TotalAmt387522
IRS990/OtherLiabilitiesGrp/BOYAmt064832
IRS990/OtherLiabilitiesGrp/EOYAmt0125945
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012430
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012430
IRS990/OtherRevenueTotalAmt012430
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0230950
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090108
IRS990/OtherSalariesAndWagesGrp/TotalAmt0321058
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026961
IRS990/PayrollTaxesGrp/ProgramServicesAmt07645
IRS990/PayrollTaxesGrp/TotalAmt034606
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/RelatedOrExemptFuncIncomeAmt01039591
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01039591
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0148723
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01050509
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01101608
IRS990/PYOtherRevenueAmt012412
IRS990/PYProgramServiceRevenueAmt01034046
IRS990/PYRevenuesLessExpensesAmt0754642
IRS990/PYSalariesCompEmpBnftPaidAmt0389440
IRS990/PYTotalExpensesAmt01491048
IRS990/PYTotalRevenueAmt02245690
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-447133
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01039591
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt094627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0148723
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0148923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0134342
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt088671
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0615286
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01039591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01034046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0994028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01003913
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01060001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05131579
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05746865
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01134218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01182769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01142951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01138255
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01148672
IRS990ScheduleA/Total509Grp/TotalAmt05746865
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01134218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01182769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01142951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01138255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01148672
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05746865
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/BookValueAmt01488178
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0992422
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02480600
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019775
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019775
IRS990ScheduleD/ExpensesNotReportedAmt0138145
IRS990ScheduleD/ExpensesSubtotalAmt01593781
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0379346
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0379346
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0527067
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12562
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt229371
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherExpensesIncludedAmt0138145
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04304
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt444949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Prepaid rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY HELD FOR OPERATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Tenant security deposits payable
IRS990ScheduleD/OtherRevenueAmt083234
IRS990ScheduleD/RevenueNotReportedAmt083234
IRS990ScheduleD/RevenueSubtotalAmt01146648
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, 2020 and after remains subject to examination.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Consolidation adjustment $83234
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Consolidation adjustment $138145
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,694,986
Liabilities
$1,107,888
Net assets
$1,587,098
Revenue
$1,146,648
Expenses
$1,593,781
Net income
-$447,133
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
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