Civic Intelligence

Artropolis Development

990 • Fiscal year 2021 • EIN 13-4003325

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

431 45th StreetBrooklyn, NY 11220

(718) 407-4535

Siviq Scores

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

Liabilities / Assets

90th percentile

0.54x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.68x

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

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Net Margin

23rd percentile

-1.4%

Higher net margin than 23% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$109,800

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Asset Growth

4th percentile

-15%

Faster asset growth than 4% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-9.3%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,247,105

Down $216,577 (-15%) from 2020

Net Assets

Down

$573,137

Down $14,442 (-2.5%) from 2020

Liabilities

Down

$673,968

Down $202,135 (-23%) from 2020

Revenue

Down

$996,250

Down $101,709 (-9.3%) from 2020

Expenses

Up

$1,010,692

Up $42,092 (+4.3%) from 2020

Net Income

Down

-$14,442

Down $143,801 (-111%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,448,495Liabilities 2014: $0Net Assets 2014: $1,448,4952014Assets 2015: $1,280,730Liabilities 2015: $2,886Net Assets 2015: $1,277,8442015Assets 2016: $1,128,386Liabilities 2016: $25,479Net Assets 2016: $1,102,9072016Assets 2017: $964,543Liabilities 2017: $2,456Net Assets 2017: $962,0872017Assets 2018: $1,574,438Liabilities 2018: $586,087Net Assets 2018: $988,3512018Assets 2019: $1,406,566Liabilities 2019: $948,348Net Assets 2019: $458,2182019Assets 2020: $1,463,682Liabilities 2020: $876,103Net Assets 2020: $587,5792020Assets 2021: $1,247,105Liabilities 2021: $673,968Net Assets 2021: $573,1372021Assets 2022: $1,051,842Liabilities 2022: $602,831Net Assets 2022: $449,0112022Assets 2023: $3,982,284Liabilities 2023: $2,100,322Net Assets 2023: $1,881,9622023Assets 2024: $3,439,671Liabilities 2024: $1,524,388Net Assets 2024: $1,915,2832024

Highlighted filing

2021

Assets$1,247,105
Liabilities$673,968
Net Assets$573,137

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $868Expenses 2014: $121,327Net Income 2014: -$120,4592014Revenue 2015: $568Expenses 2015: $171,219Net Income 2015: -$170,6512015Revenue 2016: $111,902Expenses 2016: $286,839Net Income 2016: -$174,9372016Revenue 2017: $213,724Expenses 2017: $354,544Net Income 2017: -$140,8202017Revenue 2018: $898,815Expenses 2018: $872,551Net Income 2018: $26,2642018Revenue 2019: $929,914Expenses 2019: $1,031,218Net Income 2019: -$101,3042019Revenue 2020: $1,097,959Expenses 2020: $968,600Net Income 2020: $129,3592020Revenue 2021: $996,250Expenses 2021: $1,010,692Net Income 2021: -$14,4422021Revenue 2022: $902,252Expenses 2022: $1,026,378Net Income 2022: -$124,1262022Revenue 2023: $2,620,476Expenses 2023: $1,187,525Net Income 2023: $1,432,9512023Revenue 2024: $1,289,856Expenses 2024: $1,256,535Net Income 2024: $33,3212024

Highlighted filing

2021

Revenue$996,250
Expenses$1,010,692
Net Income-$14,442
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$996,250
Mission and Program Overview

Mission

Artopolis Development is a dynamic non-profit that harnesses the power of built spaces to create economic security, professional stability and financial assets for artists and creative professionals, and presents free public art programming in underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,104,093$1,005,484▼ $98,609
Cash and Non-Interest-Bearing Accounts$232,753$124,163▼ $108,590
Savings and Temporary Cash Investments$41,532$34,002▼ $7,530
Prepaid Expenses and Deferred Charges$1,847$0▼ $1,847
Accounts Receivable-$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-
Total Assets$1,463,682$1,247,105▼ $216,577
Other Assets Total$83,457$83,456▼ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$476,342$420,349▼ $55,993
Deferred Revenue$321,904$215,811▼ $106,093
Other Liabilities$64,312$32,129▼ $32,183
Accounts Payable and Accrued Expenses$13,545$5,679▼ $7,866
Total Liabilities$876,103$673,968▼ $202,135
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$587,579$573,137▼ $14,442
Total Net Assets Fund Balance$587,579$573,137▼ $14,442
Total Liabilities and Net Assets / Fund Balance$1,463,682$1,247,105▼ $216,577

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$989,007$307,691$1,296,698
Equipment$16,477$69,019$85,496
Other Assets Org$79,139--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Esther RobinsonCo-Executive DiFT$80,000$29,800$109,800
Guy BucklesSecretary/TreasFT$80,000$28,603$108,603

Board Members and Trustees

NameTitle
Prerana ReddyPresident
Nina KatchadourianVice President
Aaron LandsmanDirector
Geoff BoehmDirector
Michelle Yun Hee ProffitDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$167,185
Program Service Revenue
$829,061
Investment Income
$4
Other Revenue
$0
All Other Contributions
$63,867
Change in Net Assets
$-14,442

Audited Revenue Reconciliation

Revenue per Audited Statements
$996,250
Total Revenue per Audited Statements
$996,250
Total Revenue per Form 990
$996,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$779,234
Salaries, Compensation, and Employee Benefits$231,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$537,150$13,718-$550,868
Current Officers, Directors, Trustees, and Key Employees$141,962$76,441-$218,403
Depreciation Depletion$97,162$1,447-$98,609
Insurance$32,189$17,331-$49,520
Interest$35,106--$35,106
Payroll Taxes$8,486$4,569-$13,055
Fees for Services Management$7,769--$7,769
Office Expenses$4,334$3,172-$7,506
Fees for Services Accounting-$6,000-$6,000
Other Expenses$2,750$2,798-$2,750
All Other Expenses-$1,435-$1,435
Travel-$1,040-$1,040
Fees for Services Legal-$986-$986
Total Functional Expenses$881,004$129,688$0$1,010,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,010,692
Total Expenses per Audited Statements$1,010,692
Total Expenses per Form 990$1,010,692
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
Tenant security deposits$32,129
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of the Form 990 is circulated to all board members.

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

The board regularly monitors and enforces its Conflict of Interest policy. Board members, officers and key personnel are required to disclose all possible conflicts immediately in writing to the board. The board reviews such matters and acts in accordance with policy.

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

Documents are provided upon request

Filing and Contact Details

Filer

Filer Name
Artopolis Development
EIN
13-4003325
Phone
7184074535
Address
431 45th Street, Brooklyn, NY 11220

Signing Officer

Name
Guy Buckles
Title
Secretary/Treasurer
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guy Buckles
Formed
1998
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
2

Preparer

Firm
Gruber Palumberi Raffaele Fried CPAs PC
Address
7 Penn Plaza Suite 310, New York, NY 10001
Preparer
Ann Kafesjian CPA
Phone
2125860800
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IRS990/PayrollTaxesGrp/ProgramServicesAmt08486
IRS990/PayrollTaxesGrp/TotalAmt013055
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01847
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Guy Buckles
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0829061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0829061
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0243540
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0736904
IRS990/PYProgramServiceRevenueAmt0854413
IRS990/PYRevenuesLessExpensesAmt0129359
IRS990/PYSalariesCompEmpBnftPaidAmt0231696
IRS990/PYTotalExpensesAmt0968600
IRS990/PYTotalRevenueAmt01097959
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-14442
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0829061
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041532
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0243540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt078040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0102804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0610169
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0311
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0427
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03062687
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98880
IRS990ScheduleA/PublicSupportPY170Pct00.91500
IRS990ScheduleA/PublicSupportTotal170Amt0603781
IRS990ScheduleA/SubstantialContributorsTotAmt06388
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0243540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt078040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0102804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0610169
IRS990ScheduleA/TotalSupportAmt0610596
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/EquipmentGrp/BookValueAmt016477
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069019
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085496
IRS990ScheduleD/ExpensesSubtotalAmt01010692
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0989007
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0307691
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01296698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt179139
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Security deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032129
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/RevenueSubtotalAmt0996250
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01005484
IRS990ScheduleD/TotalBookValueOtherAssetsAmt083456
IRS990ScheduleD/TotalExpensesPerForm990Amt01010692
IRS990ScheduleD/TotalLiabilityAmt032129
IRS990ScheduleD/TotalRevenuePerForm990Amt0996250
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0996250
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01010692
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of the Form 990 is circulated to all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board regularly monitors and enforces its Conflict of Interest policy. Board members, officers and key personnel are required to disclose all possible conflicts immediately in writing to the board. The board reviews such matters and acts in accordance with policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are provided upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01463682
IRS990/TotalAssetsEOYAmt01247105
IRS990/TotalAssetsGrp/BOYAmt01463682
IRS990/TotalAssetsGrp/EOYAmt01247105
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0167185
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0129688
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0881004
IRS990/TotalFunctionalExpensesGrp/TotalAmt01010692
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0876103
IRS990/TotalLiabilitiesEOYAmt0673968
IRS990/TotalLiabilitiesGrp/BOYAmt0876103
IRS990/TotalLiabilitiesGrp/EOYAmt0673968
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0587579
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0573137
IRS990/TotalOtherCompensationAmt058403
IRS990/TotalProgramServiceExpensesAmt0881004
IRS990/TotalProgramServiceRevenueAmt0829061
IRS990/TotalReportableCompFromOrgAmt0160000
IRS990/TotalRevenueGrp/ExclusionAmt04
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0829061
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0996250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01463682

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