Civic Intelligence

The Momentum Project Inc

990 • Fiscal year 2017 • EIN 13-3556768

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 26, 2018

540 East Fordham Road - 2nd floorBronx, NY 10458

(718) 295-5605

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.09x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.33x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$243,091

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-5.2%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$430,790

Down $126,271 (-23%) from 2016

Net Assets

Down

-$38,494

Down $220,653 (-121%) from 2016

Liabilities

Up

$469,284

Up $94,382 (+25%) from 2016

Revenue

Down

$1,430,501

Down $78,630 (-5.2%) from 2016

Expenses

Up

$1,651,154

Up $136,848 (+9.0%) from 2016

Net Income

Down

-$220,653

Down $215,478 (-4164%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $1,085,893Liabilities 2010: $942,446Net Assets 2010: $143,4472010Assets 2011: $729,754Liabilities 2011: $567,431Net Assets 2011: $162,3232011Assets 2012: $986,848Liabilities 2012: $820,132Net Assets 2012: $166,7162012Assets 2013: $1,093,233Liabilities 2013: $950,020Net Assets 2013: $143,2132013Assets 2014: $670,928Liabilities 2014: $508,519Net Assets 2014: $162,4092014Assets 2015: $473,172Liabilities 2015: $285,838Net Assets 2015: $187,3342015Assets 2016: $557,061Liabilities 2016: $374,902Net Assets 2016: $182,1592016Assets 2017: $430,790Liabilities 2017: $469,284Net Assets 2017: -$38,4942017Assets 2018: $448,280Liabilities 2018: $411,009Net Assets 2018: $37,2712018Assets 2019: $773,159Liabilities 2019: $87,804Net Assets 2019: $685,3552019Assets 2020: $1,826,444Liabilities 2020: $247,294Net Assets 2020: $1,579,1502020Assets 2021: $1,648,889Liabilities 2021: $263,883Net Assets 2021: $1,385,0062021Assets 2022: $1,648,889Liabilities 2022: $305,643Net Assets 2022: $1,343,2462022Assets 2023: $1,745,364Liabilities 2023: $365,464Net Assets 2023: $1,379,9002023

Highlighted filing

2017

Assets$430,790
Liabilities$469,284
Net Assets-$38,494

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,671,1452010Expenses 2011: $2,059,3172011Expenses 2012: $1,718,5752012Revenue 2013: $1,488,747Expenses 2013: $1,512,250Net Income 2013: -$23,5032013Revenue 2014: $1,554,121Expenses 2014: $1,534,925Net Income 2014: $19,1962014Revenue 2015: $696,417Expenses 2015: $671,492Net Income 2015: $24,9252015Revenue 2016: $1,509,131Expenses 2016: $1,514,306Net Income 2016: -$5,1752016Revenue 2017: $1,430,501Expenses 2017: $1,651,154Net Income 2017: -$220,6532017Revenue 2018: $1,074,397Expenses 2018: $998,632Net Income 2018: $75,7652018Revenue 2019: $984,944Expenses 2019: $336,860Net Income 2019: $648,0842019Revenue 2020: $982,187Expenses 2020: $88,392Net Income 2020: $893,7952020Revenue 2021: $64,356Expenses 2021: $15,014Net Income 2021: $49,3422021Revenue 2022: $0Expenses 2022: $41,760Net Income 2022: -$41,7602022Revenue 2023: $0Expenses 2023: $59,769Net Income 2023: -$59,7692023

Highlighted filing

2017

Revenue$1,430,501
Expenses$1,651,154
Net Income-$220,653
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 26, 2018
Return Version
2016v3.0
Gross Receipts
$1,430,501
Mission and Program Overview

Mission

The momentum project, inc. Is an aids outreach program which provides community-based family style meals, take home grocery, packages, clothing, nutritional counseling and support services for persons with aids, their families and significant others. Services are provided in religious institutions and community organizations throughout new york city.

The Momentum Project, Inc. is an AIDS outreach program which provides community-based family style meals, take home grocery, packages, clothing, nutritional counseling and support services for persons with AIDS, their families and significant others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$542,443$419,713▼ $122,730
Cash and Non-Interest-Bearing Accounts$10,965$9,262▼ $1,703
Prepaid Expenses and Deferred Charges$3,653$1,815▼ $1,838
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$557,061$430,790▼ $126,271
Other Assets Total-$0-
Liabilities
Other Liabilities$251,783$390,848▲ $139,065
Accounts Payable and Accrued Expenses$123,119$78,436▼ $44,683
Total Liabilities$374,902$469,284▲ $94,382
Net Assets / Fund Balance
Unrestricted Net Assets$182,159$-38,494▼ $220,653
Total Net Assets Fund Balance$182,159$-38,494▼ $220,653
Total Liabilities and Net Assets / Fund Balance$557,061$430,790▼ $126,271

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$168,448-
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,430,501
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$120,104
Change in Net Assets
$-220,653

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$110,690Fair Market Value (FMV)
Total Noncash Contributions1$110,690-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,430,501
Total Revenue per Audited Statements
$1,430,501
Total Revenue per Form 990
$1,430,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$967,315
Salaries, Compensation, and Employee Benefits$683,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$512,925--$512,925
Fees for Services Management$51,543$207,667-$259,210
Other Employee Benefits$114,655--$114,655
Office Expenses$55,372--$55,372
Payroll Taxes$46,055--$46,055
Travel$46,036--$46,036
Insurance$36,322--$36,322
Fees for Services Accounting$24,179--$24,179
Other Expenses$20,508$9,856-$20,508
Occupancy$16,844--$16,844
Pension Plan Contributions$10,204--$10,204
All Other Expenses$185--$185
Total Functional Expenses$1,433,631$217,523$0$1,651,154

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,651,154
Total Expenses per Audited Statements$1,651,154
Total Expenses per Form 990$1,651,154
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
due to affiliate$390,848
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

before a form 990 is filed, it is first forwarded to the finance committee for review, after which the finance committee presents it to the board for review and approval.

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

prior to election to the board or as an officer, and annually thereafter, all directors and officers are required to disclose in writing to the best of their knowledge any interest in any corporation or other organization which provides goods or professional or other services to THE oRGANIZATION for a fee or other compensation.

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

documents are made available upon request, via new york state charity registration bureau and guidestar.

Filing and Contact Details

Filer

Filer Name
The Momentum Project Inc
EIN
13-3556768
Phone
7182955605
Address
540 East Fordham Road - 2nd floor, Bronx, NY 10458

Signing Officer

Name
nunzio signorella
Title
interim CEO
Signed
2018-01-26
Discuss with paid preparer
No

Organization Details

Principal Officer
jose davila
Formed
1989
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
19

Preparer

Firm
Desire & Company CPAs PLLC
Address
100 Park Ave STE 1600, NY, NY 10017
Phone
2123515092
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has no uncertain tax positions as of June 30, 2017 in accordance with Accounting Standards Codification (ASC) Topic 740, Income Taxes, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice chair
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt15President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP-DEV & eva
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01989
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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt036322
IRS990/InsuranceGrp/TotalAmt036322
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt0168448
IRS990/LegalDomicileStateCd0NY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Momentum Project, Inc. is an AIDS outreach program which provides community-based family style meals, take home grocery, packages, clothing, nutritional counseling and support services for persons with AIDS, their families and significant others. Services are provided in religious institutions and community organizations throughout New York City.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0182159
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IRS990/OccupancyGrp/ProgramServicesAmt016844
IRS990/OccupancyGrp/TotalAmt016844
IRS990/OfficeExpensesGrp/ProgramServicesAmt055372
IRS990/OfficeExpensesGrp/TotalAmt055372
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0114655
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0114655
IRS990/OtherExpensesGrp/Desc0food
IRS990/OtherExpensesGrp/Desc1miscellaneous
IRS990/OtherExpensesGrp/Desc2stipend and incentives
IRS990/OtherExpensesGrp/Desc3equipment
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IRS990/OtherExpensesGrp/ProgramServicesAmt0437537
IRS990/OtherExpensesGrp/ProgramServicesAmt135609
IRS990/OtherExpensesGrp/ProgramServicesAmt225657
IRS990/OtherExpensesGrp/ProgramServicesAmt320508
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IRS990/OtherExpensesGrp/TotalAmt145465
IRS990/OtherExpensesGrp/TotalAmt225657
IRS990/OtherExpensesGrp/TotalAmt320508
IRS990/OtherLiabilitiesGrp/BOYAmt0251783
IRS990/OtherLiabilitiesGrp/EOYAmt0390848
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0512925
IRS990/OtherSalariesAndWagesGrp/TotalAmt0512925
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt046055
IRS990/PayrollTaxesGrp/TotalAmt046055
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010204
IRS990/PensionPlanContributionsGrp/TotalAmt010204
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03653
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01815
IRS990/PrincipalOfficerNm0jose davila
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt035
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IRS990/PYOtherExpensesAmt0911526
IRS990/PYOtherRevenueAmt02500
IRS990/PYRevenuesLessExpensesAmt0-5175
IRS990/PYSalariesCompEmpBnftPaidAmt0602780
IRS990/PYTotalExpensesAmt01514306
IRS990/PYTotalRevenueAmt01509131
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01506596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01554121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01473622
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01695683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07660523
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt035
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt015125
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt027285
IRS990ScheduleA/OtherIncome170Grp/TotalAmt044910
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99420
IRS990ScheduleA/PublicSupportPY170Pct00.98890
IRS990ScheduleA/PublicSupportTotal170Amt07660523
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01430501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01506596
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01554121
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01473622

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.37$1.38$0.00$0.06$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.31$1.34$0.00$0.04$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.65$0.26$1.39$0.06$0.02$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.83$0.25$1.58$0.98$0.09$0.89
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.09$0.69$0.98$0.34$0.65
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.41$0.04$1.07$1.00$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.43$0.47$0.04$1.43$1.65$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.37$0.18$1.51$1.51$0.01
2015Summary only. Only limited summary data is available for this year.$0.47$0.29$0.19$0.70$0.67$0.02
2014Summary only. Only limited summary data is available for this year.$0.67$0.51$0.16$1.55$1.53$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.09$0.95$0.14$1.49$1.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.82$0.17$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.57$0.16$2.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.94$0.14$2.67