Civic Intelligence

New Era Veterans Inc

990 • Fiscal year 2015 • EIN 13-3695481

Jul 01, 2014 to Jun 30, 2015 • Filed on May 02, 2016

Organization ProfileN/A
1739 Wallace AvenueBronx, NY 10462

(718) 904-7036

Siviq Scores

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

Liabilities / Assets

85th percentile

0.28x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

87th percentile

$32,690

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

23rd percentile

-17%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

60th percentile

7.5%

Faster revenue growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$224,604

Down $44,622 (-17%) from 2014

Net Assets

Down

$161,172

Down $47,711 (-23%) from 2014

Liabilities

Up

$63,432

Up $3,089 (+5.1%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin19th percentile

Revenue

Up

$323,157

Up $22,529 (+7.5%) from 2014

Expenses

Down

$370,868

Down $109,354 (-23%) from 2014

Net Income

Up

-$47,711

Up $131,883 (+73%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$800K$600K$400K$200K$0Assets 2010: $747,369Liabilities 2010: $47,221Net Assets 2010: $700,1482010Assets 2011: $751,278Liabilities 2011: $72,931Net Assets 2011: $678,3472011Assets 2012: $791,951Liabilities 2012: $73,540Net Assets 2012: $718,4112012Assets 2013: $626,949Liabilities 2013: $32,257Net Assets 2013: $594,6922013Assets 2014: $269,226Liabilities 2014: $60,343Net Assets 2014: $208,8832014Assets 2015: $224,604Liabilities 2015: $63,432Net Assets 2015: $161,1722015

Highlighted filing

2015

Assets$224,604
Liabilities$63,432
Net Assets$161,172
Open 2015 Filing

Operations Trend

Revenue Growth60th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,502,9402010Expenses 2011: $1,508,5882011Expenses 2012: $1,486,2602012Revenue 2013: $1,392,317Expenses 2013: $1,516,036Net Income 2013: -$123,7192013Revenue 2014: $300,628Expenses 2014: $480,222Net Income 2014: -$179,5942014Revenue 2015: $323,157Expenses 2015: $370,868Net Income 2015: -$47,7112015

Highlighted filing

2015

Revenue$323,157
Expenses$370,868
Net Income-$47,711
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 2, 2016
Return Version
2014v6.0
Gross Receipts
$323,157
Mission and Program Overview

Mission

New era provides housing for formerly homeless veterans of the united states military as well as ongoing help in finding employment and help in applying for benefits to which they may be entitled, as well as a range of other social services.

New era veterans, inc. Provides housing and support services to veterans and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$240,118$200,735▼ $39,383
Prepaid Expenses and Deferred Charges$15,980$19,569▲ $3,589
Pledges and Grants Receivable$8,828--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$269,226$224,604▼ $44,622
Other Assets Total$4,300$4,300→ $0
Liabilities
Deferred Revenue-$52,256-
Accounts Payable and Accrued Expenses$60,343$11,176▼ $49,167
Total Liabilities$60,343$63,432▲ $3,089
Net Assets / Fund Balance
Unrestricted Net Assets$208,883$161,172▼ $47,711
Total Net Assets Fund Balance$208,883$161,172▼ $47,711
Total Liabilities and Net Assets / Fund Balance$269,226$224,604▼ $44,622

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$228,184$228,184
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ruth Shaffer PhdCEOPT$25,200$7,490$32,690

Board Members and Trustees

NameTitle
Ken WalesChairman
John M LagunaPresident
Chris DecostanzoSecretary
Jose VillafanaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,079
Program Service Revenue
$0
Investment Income
$78
Other Revenue
$0
All Other Contributions
$609
Change in Net Assets
$-47,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$252,419
Salaries, Compensation, and Employee Benefits$118,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$182,550--$182,550
Other Salaries and Wages$26,820$35,680-$62,500
Current Officers, Directors, Trustees, and Key Employees$25,200--$25,200
Other Employee Benefits$14,259$9,780-$24,039
Fees for Services Other-$18,628-$18,628
Office Expenses$13,350$3,833-$17,183
Fees for Services Accounting-$9,450-$9,450
Payroll Taxes$3,980$2,730-$6,710
Insurance-$1,625-$1,625
Other Expenses$5,064$878-$878
Travel$150$360-$510
Total Functional Expenses$287,904$82,964$0$370,868
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
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, Part VI, Section B, Line 11

“A copy of the organization's 990 is distributed for review to each voting member of the board before being filed with the irs.”

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

“New era veterans inc. Regularly and consistently monitors compliance with the conflict of interest policy by requiring officers, directors, and key employees to complete and sign an annual disclosure statement by which the directors, officers and key employees agree to report promptly, orally or in writing any present or future situation that might involve or appear to involve them or any of their family members in any potential conflict of interest with new era veterans inc.”

Form 990, Part VI, Section B, Line 15A

“Determined by board members by reviewing compensation of other similar tax exempt organizations.”

Form 990, Part VI, Section C, Line 19

“All documets required by law to be available for public inspection are available upon request.”

Filing and Contact Details

Filer

Filer Name
New Era Veterans Inc
EIN
13-3695481
Phone
7189047036
Address
1739 WALLACE AVENUE, BRONX, NY 10462

Signing Officer

Name
Ruth Shaffer Phd
Title
Executive Director
Phone
7189047036
Signed
2016-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruth Shaffer Phd
Formed
1993
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
0

Preparer

Firm
Citrin Cooperman & Co Llp
Address
529 FIFTH AVENUE, NEW YORK, NY 10017-4683
Preparer
Eric Albert
Phone
2126971000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“New era veterans inc. Is an organization exempt from federal income taxes under section 501 (c)(3) of the internal revenue code. New era is subject to unrelated business income taxes ("ubit"), if applicable. For the year ended june 30, 2015, new era veterans inc. Did not owe any ubit. New era veterans inc. Recognizes and measures its unrecognized tax benefits in accordance with financial accounting standards board ("fasb") accounting standards codification ("asc") 740, income taxes. Under that guidance, new era veterans inc. Assesses the likelihood, based on its technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available, or when an event occurs that requires a change. Management evaluated new era veterans inc.'s tax positions and concluded that it had taken no uncertain tax positions that require adjustments to the financial statements. Generally, new era veterans inc. Is no longer subject to income tax examinations by u.s. Federal or state taxing authorities for the years before 2012.”

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEW ERA VETERANS INC. IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. NEW ERA IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES ("UBIT"), IF APPLICABLE. FOR THE YEAR ENDED JUNE 30, 2015, NEW ERA VETERANS INC. DID NOT OWE ANY UBIT. NEW ERA VETERANS INC. RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES. UNDER THAT GUIDANCE, NEW ERA VETERANS INC. ASSESSES THE LIKELIHOOD, BASED ON ITS TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. MANAGEMENT EVALUATED NEW ERA VETERANS INC.'S TAX POSITIONS AND CONCLUDED THAT IT HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. GENERALLY, NEW ERA VETERANS INC. IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE TAXING AUTHORITIES FOR THE YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE ORGANIZATION'S 990 IS DISTRIBUTED FOR REVIEW TO EACH VOTING MEMBER OF THE BOARD BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW ERA VETERANS INC. REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO COMPLETE AND SIGN AN ANNUAL DISCLOSURE STATEMENT BY WHICH THE DIRECTORS, OFFICERS AND KEY EMPLOYEES AGREE TO REPORT PROMPTLY, ORALLY OR IN WRITING ANY PRESENT OR FUTURE SITUATION THAT MIGHT INVOLVE OR APPEAR TO INVOLVE THEM OR ANY OF THEIR FAMILY MEMBERS IN ANY POTENTIAL CONFLICT OF INTEREST WITH NEW ERA VETERANS INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DETERMINED BY BOARD MEMBERS BY REVIEWING COMPENSATION OF OTHER SIMILAR TAX EXEMPT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMETS REQUIRED BY LAW TO BE AVAILABLE FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0269226
IRS990/TotalAssetsEOYAmt0224604
IRS990/TotalAssetsGrp/BOYAmt0269226
IRS990/TotalAssetsGrp/EOYAmt0224604
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0323079
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082964
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0287904
IRS990/TotalFunctionalExpensesGrp/TotalAmt0370868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060343
IRS990/TotalLiabilitiesEOYAmt063432
IRS990/TotalLiabilitiesGrp/BOYAmt060343
IRS990/TotalLiabilitiesGrp/EOYAmt063432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0208883
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0161172
IRS990/TotalOtherCompensationAmt07490
IRS990/TotalProgramServiceExpensesAmt0287904
IRS990/TotalReportableCompFromOrgAmt025200
IRS990/TotalRevenueGrp/ExclusionAmt078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323157
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0269226
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0224604
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0360
IRS990/TravelGrp/ProgramServicesAmt0150
IRS990/TravelGrp/TotalAmt0510
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0208883
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0161172
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01739 WALLACE AVENUE
IRS990/USAddress/CityNm0BRONX
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010462
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RUTH SHAFFER PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07189047036
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW ERA VETERANS INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWE
ReturnHeader/Filer/EIN0133695481
ReturnHeader/Filer/PhoneNum07189047036
ReturnHeader/Filer/USAddress/AddressLine1Txt01739 WALLACE AVENUE
ReturnHeader/Filer/USAddress/CityNm0BRONX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010462
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222428965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0529 FIFTH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100174683
ReturnHeader/PreparerPersonGrp/PhoneNum02126971000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC ALBERT
ReturnHeader/ReturnTs02016-05-04T08:31:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,604
Liabilities
$63,432
Net assets
$161,172
Revenue
$323,157
Expenses
$370,868
Net income
-$47,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.16$0.32$0.37$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.06$0.21$0.30$0.48$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.03$0.59$1.39$1.52$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.07$0.72$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.07$0.68$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.05$0.70$1.50