Civic Intelligence

Good Old Lower East Side Inc.

990 • Fiscal year 2017 • EIN 13-2915659

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 27, 2018

173 Avenue BNew York, NY 10009

(212) 358-1231

Siviq Scores

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

Liabilities / Assets

58th percentile

0.27x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

0.18x

Higher debt load relative to revenue than 45% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Net Margin

36th percentile

-1.8%

Higher net margin than 36% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$104,736

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$979,441

Up $107,260 (+12%) from 2016

Net Assets

Down

$715,315

Down $66,036 (-8.5%) from 2016

Liabilities

Up

$264,126

Up $173,296 (+191%) from 2016

Revenue

Up

$1,443,139

Up $184,865 (+15%) from 2016

Expenses

Up

$1,468,577

Up $234,479 (+19%) from 2016

Net Income

Down

-$25,438

Down $49,614 (-205%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $540,308Liabilities 2011: $31,862Net Assets 2011: $508,4462011Assets 2012: $615,999Liabilities 2012: $44,353Net Assets 2012: $571,6462012Assets 2013: $767,925Liabilities 2013: $60,879Net Assets 2013: $707,0462013Assets 2014: $758,465Liabilities 2014: $64,363Net Assets 2014: $694,1022014Assets 2015: $805,226Liabilities 2015: $53,297Net Assets 2015: $751,9292015Assets 2016: $872,181Liabilities 2016: $90,830Net Assets 2016: $781,3512016Assets 2017: $979,441Liabilities 2017: $264,126Net Assets 2017: $715,3152017Assets 2018: $954,375Liabilities 2018: $237,662Net Assets 2018: $716,7132018Assets 2020: $1,664,629Liabilities 2020: $252,381Net Assets 2020: $1,412,2482020Assets 2021: $2,010,294Liabilities 2021: $117,555Net Assets 2021: $1,892,7392021Assets 2022: $2,547,317Liabilities 2022: $130,571Net Assets 2022: $2,416,7462022Assets 2023: $3,607,978Liabilities 2023: $978,637Net Assets 2023: $2,629,3412023Assets 2024: $5,646,789Liabilities 2024: $966,995Net Assets 2024: $4,679,7942024

Highlighted filing

2017

Assets$979,441
Liabilities$264,126
Net Assets$715,315

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $723,856Expenses 2011: $786,504Net Income 2011: -$62,6482011Revenue 2012: $920,065Expenses 2012: $856,865Net Income 2012: $63,2002012Revenue 2013: $1,085,072Expenses 2013: $949,672Net Income 2013: $135,4002013Revenue 2014: $920,743Expenses 2014: $933,687Net Income 2014: -$12,9442014Revenue 2015: $1,111,735Expenses 2015: $1,053,908Net Income 2015: $57,8272015Revenue 2016: $1,258,274Expenses 2016: $1,234,098Net Income 2016: $24,1762016Revenue 2017: $1,443,139Expenses 2017: $1,468,577Net Income 2017: -$25,4382017Revenue 2018: $1,470,123Expenses 2018: $1,468,725Net Income 2018: $1,3982018Revenue 2020: $1,808,969Expenses 2020: $1,293,283Net Income 2020: $515,6862020Revenue 2021: $1,873,147Expenses 2021: $1,392,656Net Income 2021: $480,4912021Revenue 2022: $2,644,368Expenses 2022: $2,120,361Net Income 2022: $524,0072022Revenue 2023: $1,576,898Expenses 2023: $1,364,303Net Income 2023: $212,5952023Revenue 2024: $3,893,207Expenses 2024: $1,842,754Net Income 2024: $2,050,4532024

Highlighted filing

2017

Revenue$1,443,139
Expenses$1,468,577
Net Income-$25,438
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 27, 2018
Return Version
2016v3.1
Gross Receipts
$1,451,520
Mission and Program Overview

Mission

To build the power of low-income residents on the lower east side to address displacement and gentrification, preserve and expand the low-income housing stock, assert community self-determination over the use of public space, ensure a clean and healthy environment where people live, work and play.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$477,777$807,618▲ $329,841
Cash and Non-Interest-Bearing Accounts$292,168$91,893▼ $200,275
Savings and Temporary Cash Investments$47,134$47,180▲ $46
Prepaid Expenses and Deferred Charges$11,288$20,071▲ $8,783
Total Assets$841,250$979,441▲ $138,191
Other Assets Total$12,883$12,679▼ $204
Liabilities
Accounts Payable and Accrued Expenses$100,497$264,126▲ $163,629
Total Liabilities$100,497$264,126▲ $163,629
Net Assets / Fund Balance
Unrestricted Net Assets$609,675$609,813▲ $138
Temporarily Rstr Net Assets$131,078$105,502▼ $25,576
Total Net Assets Fund Balance$740,753$715,315▼ $25,438
Total Liabilities and Net Assets / Fund Balance$841,250$979,441▲ $138,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$16,094$16,094
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Damaris ReyesExective Director$80,062$24,674$104,736

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,443,092
Program Service Revenue
$0
Investment Income
$47
Other Revenue
$0
All Other Contributions
$715,911
Change in Net Assets
$-25,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,443,139
Total Revenue per Audited Statements
$1,443,139
Total Revenue per Form 990
$1,443,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$950,636
Grants and Similar Amounts Paid$300,694
Other Expenses$217,247
Total Fundraising Expense$105,357
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$516,910$63,070$55,664$635,644
Grants to Domestic Orgs$276,061--$276,061
Other Employee Benefits$126,818$35,720$9,316$171,854
Current Officers, Directors, Trustees, and Key Employees$48,036$16,012$16,015$80,063
Occupancy$45,882$17,112$5,800$68,794
Payroll Taxes$50,419$6,403$6,253$63,075
Office Expenses$19,828$2,224$4,930$26,982
Grants to Domestic Individuals$24,633--$24,633
All Other Expenses$11,260$3,339$2,092$16,691
Conferences and Meetings$11,146$3,235$847$15,228
Insurance$7,895$1,412$1,000$10,307
Fees for Services Accounting$6,900$1,000$750$8,650
Fees for Services Other$54$7,496-$7,550
Other Expenses$7,262$104$800$7,366
Travel$4,066$1,015$90$5,171
Total Functional Expenses$1,198,462$164,758$105,357$1,468,577

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,468,577
Total Expenses per Audited Statements$1,468,577
Total Expenses per Form 990$1,468,577
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Henry Street SettlementNew York, NY501c3Case Mngmt Services$119,061
Research Fdn of the City Univ NyNew York, NY501c3Research$62,500
Fifth Avenue CommitteeBrooklyn, NY501c3Youth Training$47,500
Community Voices HeardNew York, NY501c3Youth Training$40,000
Committee Against Anti-asian ViolenNew York, NY501c3Community Outreach$7,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,381
Fundraising Gross Income$8,381
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$29,811$8,381$8,381$0
Total Events$29,811$8,381$8,381-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return was reviewed by executive director before it was issued and filed.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interer policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Good Old Lower East Side Inc
EIN
13-2915659
Phone
2123581231
Address
173 AVENUE B, NEW YORK, NY 10009

Signing Officer

Name
Damaris Reyes
Title
Exective Director
Phone
2125332541
Signed
2018-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damaris Reyes
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
28

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build the power of low-income residents on the lower east side to address displacement and gentrification, preserve and expand the low-income housing stock, assert community self-determination over the use of public space, ensure a clean and healthy environment where people live, work and play.

Form 990, Page 2, Part III, Line 4D

Disaster relief: goles provides assistance and relief for the victims of hurricane sandy and the survivors of the east village building collapse.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11900
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22430
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3104
IRS990/OtherExpensesGrp/ProgramServicesAmt019689
IRS990/OtherExpensesGrp/ProgramServicesAmt113628
IRS990/OtherExpensesGrp/ProgramServicesAmt27975
IRS990/OtherExpensesGrp/ProgramServicesAmt37262
IRS990/OtherExpensesGrp/TotalAmt022075
IRS990/OtherExpensesGrp/TotalAmt117228
IRS990/OtherExpensesGrp/TotalAmt211205
IRS990/OtherExpensesGrp/TotalAmt37366
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt055664
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt063070
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0516910
IRS990/OtherSalariesAndWagesGrp/TotalAmt0635644
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IRS990/PayrollTaxesGrp/FundraisingAmt06253
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06403
IRS990/PayrollTaxesGrp/ProgramServicesAmt050419
IRS990/PayrollTaxesGrp/TotalAmt063075
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0477777
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0807618
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011288
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020071
IRS990/PrincipalOfficerNm0DAMARIS REYES
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IRS990/ProgSrvcAccomActy2Grp/Desc0HOUSING ADVOCACY AND ORGANIZING: GOLES PROVIDES TENANT RIGHTS AND EVICTION PREVENTION COUNSELING TO INCOME ELIGIBLE TENANTS AT LARGE WHO LIVE ON THE LOWER EAST SIDE. GOLES WORKS WITH TENANTS IN ORGANIZING AND STRENGTHENING TENANT ASSOCIATIONS TO OBTAIN QUALITY REPAIRS, STOP LANDLORD HARASSMENT, AND PROTECT LOW-INCOME TENANTS FROM BEING DISPLACED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0569788
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0157000
IRS990/ProgSrvcAccomActy3Grp/Desc0WORKFORCE ECONOMIC DEVELOPMENT: GOLES OFFERS JOB READINESS ASSISTANCE, JOB SKILLS TRAINING, AND SUPPORTIVE SERVICES THAT REACH LOWER EAST SIDE UNEMPLOYED AND UNDEREMPLOYED COMMUNITY MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0121105
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DISASTER RELIEF: GOLES PROVIDES ASSISTANCE AND RELIEF FOR THE VICTIMS OF HURRICANE SANDY AND THE SURVIVORS OF THE EAST VILLAGE BUILDING COLLAPSE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0407441
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0143694
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IRS990/PYContributionsGrantsAmt01217541
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IRS990/PYGrantsAndSimilarPaidAmt0227074
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IRS990/PYOtherRevenueAmt06913
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IRS990/PYSalariesCompEmpBnftPaidAmt0795112
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt047134
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SPACE RENTAL 38,699
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01443092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01217541
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01114613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0877953
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01080055
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0877953
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01080055
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05733254
IRS990ScheduleA/TotalSupportAmt05772375
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01443139
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01468577
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08381
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08381
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt024633
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DISASTER RELIEF
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IRS990ScheduleI/RecipientTable/CashGrantAmt147500
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IRS990ScheduleI/RecipientTable/CashGrantAmt362500
IRS990ScheduleI/RecipientTable/CashGrantAmt47000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
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IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0YOUTH TRAINING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1YOUTH TRAINING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CASE MNGMT SERVICES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4COMMUNITY OUTREACH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY VOICES HEARD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FIFTH AVENUE COMMITTEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HENRY STREET SETTLEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3RESEARCH FDN OF THE CITY UNIV NY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4COMMITTEE AGAINST ANTI-ASIAN VIOLEN
IRS990ScheduleI/RecipientTable/RecipientEIN0133901997
IRS990ScheduleI/RecipientTable/RecipientEIN1112475743
IRS990ScheduleI/RecipientTable/RecipientEIN2131562242
IRS990ScheduleI/RecipientTable/RecipientEIN3131988190
IRS990ScheduleI/RecipientTable/RecipientEIN4133526938
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0115 EAST 106TH STREET 3RD FL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1621 DEGRAW STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2265 HENRY STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3524 WEST 59TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt455 HESTER STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0RM 609B- BMW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/CityNm2NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm3NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm4NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NY
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd410002
IRS990/ScheduleJRequiredInd0false

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