Civic Intelligence

Palace Renaissance Inc

990 • Fiscal year 2018 • EIN 13-3798133

Jul 01, 2017 to Jun 30, 2018 • Filed on May 06, 2019

131 West 25th Street 12th FloorNew York, NY 10001

(212) 803-5700

Siviq Scores

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

Liabilities / Assets

89th percentile

0.99x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

34.83x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$355,467

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 159.5% of source-year revenue.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-6.3%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$7,808,023

Down $897,495 (-10%) from 2017

Net Assets

Down

$43,596

Down $45,638 (-51%) from 2017

Liabilities

Down

$7,764,427

Down $851,857 (-9.9%) from 2017

Revenue

Down

$222,932

Down $15,092 (-6.3%) from 2017

Expenses

Down

$181,628

Down $184,546 (-50%) from 2017

Net Income

Up

$41,304

Up $169,454 (+132%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $1,851,686Liabilities 2011: $2,506,090Net Assets 2011: -$654,4042011Assets 2012: $1,725,539Liabilities 2012: $2,090,927Net Assets 2012: -$365,3882012Assets 2013: $1,937,308Liabilities 2013: $2,049,867Net Assets 2013: -$112,5592013Assets 2014: $6,884,672Liabilities 2014: $6,881,812Net Assets 2014: $2,8602014Assets 2015: $7,551,425Liabilities 2015: $7,513,227Net Assets 2015: $38,1982015Assets 2016: $7,535,429Liabilities 2016: $7,318,046Net Assets 2016: $217,3832016Assets 2017: $8,705,518Liabilities 2017: $8,616,284Net Assets 2017: $89,2342017Assets 2018: $7,808,023Liabilities 2018: $7,764,427Net Assets 2018: $43,5962018Assets 2019: $6,680,387Liabilities 2019: $7,177,888Net Assets 2019: -$497,5012019Assets 2020: $6,024,115Liabilities 2020: $6,560,428Net Assets 2020: -$536,3132020Assets 2021: $5,843,441Liabilities 2021: $6,345,915Net Assets 2021: -$502,4742021Assets 2022: $5,665,128Liabilities 2022: $6,130,232Net Assets 2022: -$465,1042022Assets 2023: $5,460,090Liabilities 2023: $5,937,105Net Assets 2023: -$477,0152023Assets 2024: $5,242,444Liabilities 2024: $5,789,100Net Assets 2024: -$546,6562024

Highlighted filing

2018

Assets$7,808,023
Liabilities$7,764,427
Net Assets$43,596

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $406,659Expenses 2011: $309,773Net Income 2011: $96,8862011Revenue 2012: $454,659Expenses 2012: $192,676Net Income 2012: $261,9832012Revenue 2013: $525,959Expenses 2013: $273,130Net Income 2013: $252,8292013Revenue 2014: $281,120Expenses 2014: $273,309Net Income 2014: $7,8112014Revenue 2015: $241,544Expenses 2015: $278,459Net Income 2015: -$36,9152015Revenue 2016: $358,937Expenses 2016: $260,010Net Income 2016: $98,9272016Revenue 2017: $238,024Expenses 2017: $366,174Net Income 2017: -$128,1502017Revenue 2018: $222,932Expenses 2018: $181,628Net Income 2018: $41,3042018Revenue 2019: $222,898Expenses 2019: $763,995Net Income 2019: -$541,0972019Revenue 2020: $240,209Expenses 2020: $279,023Net Income 2020: -$38,8142020Revenue 2021: $215,526Expenses 2021: $181,687Net Income 2021: $33,8392021Revenue 2022: $210,207Expenses 2022: $172,837Net Income 2022: $37,3702022Revenue 2023: $211,453Expenses 2023: $223,364Net Income 2023: -$11,9112023Revenue 2024: $203,520Expenses 2024: $273,161Net Income 2024: -$69,6412024

Highlighted filing

2018

Revenue$222,932
Expenses$181,628
Net Income$41,304
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 6, 2019
Return Version
2017v2.3
Gross Receipts
$222,932
Mission and Program Overview

Mission

The organization was formed to provide housing for homeless, low income and aged people in the new york city metropolitan area.

To provide housing for homeless, low income and aged people in the new york city metropolitan area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,069,068$902,984▼ $166,084
Other Notes and Loans Receivable, Net$608,539$529,712▼ $78,827
Cash and Non-Interest-Bearing Accounts$253,695$328,479▲ $74,784
Prepaid Expenses and Deferred Charges$87,407$0▼ $87,407
Accounts Receivable$10$7,525▲ $7,515
Savings and Temporary Cash Investments$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,705,518$7,808,023▼ $897,495
Other Assets Total$6,686,799$6,039,323▼ $647,476
Liabilities
Deferred Revenue$0$4,004,709▲ $4,004,709
Mortgage Notes Payable Secured by Investment Property$2,912,573$2,906,573▼ $6,000
Other Liabilities$5,693,311$852,545▼ $4,840,766
Accounts Payable and Accrued Expenses$10,400$600▼ $9,800
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,616,284$7,764,427▼ $851,857
Net Assets / Fund Balance
Unrestricted Net Assets$89,234$43,596▼ $45,638
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$89,234$43,596▼ $45,638
Total Liabilities and Net Assets / Fund Balance$8,705,518$7,808,023▼ $897,495

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$902,984$2,045,042$2,948,026
Other Land Buildings-$5,027$5,027
Other Assets Org$116,028--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rosalba Messina From 11117Chief Financial Officer$60,059$60,059

Board Members and Trustees

NameTitle
Julie SalamonChair
Lawrence F GrahamVice Chair
Marcy E WilkovVice Chair
Richard SwansonDirector
Lawrence RosenblattExecutive Director
Philip GartenbergInterim CFO(1/19/17-12/29/17)
Antonio X MolestinaSecretary
Matthew SirovichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$195,180
Investment Income
$27,752
Other Revenue
$0
Change in Net Assets
$41,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$222,932
Total Revenue per Audited Statements
$222,932
Total Revenue per Form 990
$222,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,628
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$166,084--$166,084
Occupancy$13,074--$13,074
Interest$1,650--$1,650
Fees for Services Legal$735--$735
Office Expenses$85--$85
Total Functional Expenses$181,628$0$0$181,628

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$181,628
Total Expenses per Audited Statements$181,628
Total Expenses per Form 990$181,628
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$852,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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:

Draft Form 990 is reviewed by the Controller and CFO and subsequently presented to the board of directors for review before filing with the IRS.

FORM 990, PART VI, SECTION B, LINE 12C:

Conflict of interest statements are signed by officers and key employees prior to hire, and signed by board members prior to joining the board, and annually thereafter.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization does not compensate any officers or key employees.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Additionally, the organizations financial statements can be found on the website of Bowery Residents' Committee, Inc., an affiliate of the reporting organization.

Filing and Contact Details

Filer

Filer Name
Palace Renaissance Inc
EIN
13-3798133
In Care Of
% ROSALBA MESSINA
Phone
2128035700
Address
131 WEST 25TH STREET 12TH FLOOR, NEW YORK, NY 10001

Signing Officer

Name
Rosalba Messina
Title
CFO
Phone
2128035700
Signed
2019-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Rosenblatt
Formed
1992
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

Palace renaissance, inc. Adheres to provisions from asc 740, "income taxes". Under asc 740, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed irs form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended june 30, 2018, there was no interest or penalties recorded or included in the combining statement of activities. The organization believes it is no longer subject to income tax examinations for the years prior to 2015, which is the standard statute of limitation look-back period.

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IRS990/MissionDesc0THE ORGANIZATION WAS FORMED TO PROVIDE HOUSING FOR HOMELESS, LOW INCOME AND AGED PEOPLE IN THE NEW YORK CITY METROPOLITAN AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02912573
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02906573
IRS990/NetAssetsOrFundBalancesBOYAmt089234
IRS990/NetAssetsOrFundBalancesEOYAmt043596
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt013074
IRS990/OccupancyGrp/TotalAmt013074
IRS990/OfficeExpensesGrp/ProgramServicesAmt085
IRS990/OfficeExpensesGrp/TotalAmt085
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06686799
IRS990/OtherAssetsTotalGrp/EOYAmt06039323
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt05693311
IRS990/OtherLiabilitiesGrp/EOYAmt0852545
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0608539
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0529712
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt087407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LAWRENCE ROSENBLATT
IRS990/PriorPeriodAdjustmentsAmt0-86942
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0195180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0195180
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt042843
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0366174
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0195181
IRS990/PYRevenuesLessExpensesAmt0-128150
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0366174
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0238024
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041304
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0195180
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0181628
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0902984
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02045042
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02948026
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05923295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1116028
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED COST
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05027
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0852545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueSubtotalAmt0222932
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PALACE RENAISSANCE, INC. ADHERES TO PROVISIONS FROM ASC 740, "INCOME TAXES". UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEAR ENDED JUNE 30, 2018, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE COMBINING STATEMENT OF ACTIVITIES. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2015, WHICH IS THE STANDARD STATUTE OF LIMITATION LOOK-BACK PERIOD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0902984
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06039323
IRS990ScheduleD/TotalExpensesPerForm990Amt0181628
IRS990ScheduleD/TotalLiabilityAmt0852545
IRS990ScheduleD/TotalRevenuePerForm990Amt0222932
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0222932
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0181628
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt034500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0287778
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1260050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019505
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAWRENCE ROSENBLATT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PHILIP GARTENBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1INTERIM CFO(1/19/17-12/29/17)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0355467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1260050
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BOWERY RESIDENTS' COMMITTEE, INC., AN AFFILIATE OF THE REPORTING ORGANIZATION PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. BOWERY RESIDENTS' COMMITTEE, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft Form 990 is reviewed by the Controller and CFO and subsequently presented to the board of directors for review before filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY OFFICERS AND KEY EMPLOYEES PRIOR TO HIRE, AND SIGNED BY BOARD MEMBERS PRIOR TO JOINING THE BOARD, AND ANNUALLY THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not compensate any officers or key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Additionally, the organizations financial statements can be found on the website of Bowery Residents' Committee, Inc., an affiliate of the reporting organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINES 15A AND 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0133826078
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1133975109
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2263727063
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN3473661050
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN4261524900
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2NY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.24$5.79$0.55$0.20$0.27$0.07
2023Detailed filing. Detailed filing data is available for this year.$5.46$5.94$0.48$0.21$0.22$0.01
2022Detailed filing. Detailed filing data is available for this year.$5.67$6.13$0.47$0.21$0.17$0.04
2021Detailed filing. Detailed filing data is available for this year.$5.84$6.35$0.50$0.22$0.18$0.03
2020Detailed filing. Detailed filing data is available for this year.$6.02$6.56$0.54$0.24$0.28$0.04
2019Detailed filing. Detailed filing data is available for this year.$6.68$7.18$0.50$0.22$0.76$0.54
2018Detailed filing. Detailed filing data is available for this year.$7.81$7.76$0.04$0.22$0.18$0.04
2017Detailed filing. Detailed filing data is available for this year.$8.71$8.62$0.09$0.24$0.37$0.13
2016Summary only. Only limited summary data is available for this year.$7.54$7.32$0.22$0.36$0.26$0.10
2015Summary only. Only limited summary data is available for this year.$7.55$7.51$0.04$0.24$0.28$0.04
2014Summary only. Only limited summary data is available for this year.$6.88$6.88$0.00$0.28$0.27$0.01
2013Summary only. Only limited summary data is available for this year.$1.94$2.05$0.11$0.53$0.27$0.25
2012Summary only. Only limited summary data is available for this year.$1.73$2.09$0.37$0.45$0.19$0.26
2011Summary only. Only limited summary data is available for this year.$1.85$2.51$0.65$0.41$0.31$0.10