Civic Intelligence

Artopolis Development

990 • Fiscal year 2020 • EIN 13-4003325

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 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

0.60x

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

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.80x

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

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$112,912

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Asset Growth

50th percentile

4.1%

Faster asset growth than 50% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

18%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,463,682

Up $57,116 (+4.1%) from 2019

Net Assets

Up

$587,579

Up $129,361 (+28%) from 2019

Liabilities

Down

$876,103

Down $72,245 (-7.6%) from 2019

Revenue

Up

$1,097,959

Up $168,045 (+18%) from 2019

Expenses

Down

$968,600

Down $62,618 (-6.1%) from 2019

Net Income

Up

$129,359

Up $230,663 (+228%) from 2019

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

2020

Assets$1,463,682
Liabilities$876,103
Net Assets$587,579

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

2020

Revenue$1,097,959
Expenses$968,600
Net Income$129,359
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2022
Return Version
2020v4.0
Gross Receipts
$1,097,959
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,195,572$1,104,093▼ $91,479
Cash and Non-Interest-Bearing Accounts$66,945$232,753▲ $165,808
Savings and Temporary Cash Investments$48,748$41,532▼ $7,216
Prepaid Expenses and Deferred Charges$1,845$1,847▲ $2
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$1,406,566$1,463,682▲ $57,116
Other Assets Total$93,456$83,457▼ $9,999
Liabilities
Mortgage Notes Payable Secured by Investment Property$524,179$476,342▼ $47,837
Deferred Revenue$375,366$321,904▼ $53,462
Other Liabilities$34,191$64,312▲ $30,121
Accounts Payable and Accrued Expenses$14,612$13,545▼ $1,067
Total Liabilities$948,348$876,103▼ $72,245
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$458,218$587,579▲ $129,361
Total Net Assets Fund Balance$458,218$587,579▲ $129,361
Total Liabilities and Net Assets / Fund Balance$1,406,566$1,463,682▲ $57,116

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,075,454$221,244$1,296,698
Equipment$28,639$56,857$85,496
Other Assets Org$79,139--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Guy BucklesSecretary/TreasFT$80,000$32,912$112,912
Esther RobinsonCo-Executive DiFT$80,000$26,228$106,228

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
$243,540
Program Service Revenue
$854,413
Investment Income
$6
Other Revenue
$0
All Other Contributions
$220,467
Change in Net Assets
$129,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,097,959
Total Revenue per Audited Statements
$1,097,959
Total Revenue per Form 990
$1,097,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$736,904
Salaries, Compensation, and Employee Benefits$231,696
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$507,062$12,949-$520,011
Current Officers, Directors, Trustees, and Key Employees$104,000$56,000-$160,000
Depreciation Depletion$96,852$1,442-$98,294
Other Employee Benefits$38,440$20,700-$59,140
Interest$36,080--$36,080
Insurance$22,387$12,054-$34,441
Fees for Services Accounting-$12,970-$12,970
Payroll Taxes$8,161$4,395-$12,556
Fees for Services Management$10,134--$10,134
Office Expenses$4,023$2,943-$6,966
Other Expenses$5,936$1,435-$1,435
Fees for Services Legal-$692-$692
Travel-$465-$465
Conferences and Meetings-$21-$21
Total Functional Expenses$839,607$128,993$0$968,600

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$968,600
Total Expenses per Audited Statements$968,600
Total Expenses per Form 990$968,600
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
PPP loan$33,380
Tenant security deposits$30,932
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
2022-02-15
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/ManagementAndGeneralAmt04395
IRS990/PayrollTaxesGrp/ProgramServicesAmt08161
IRS990/PayrollTaxesGrp/TotalAmt012556
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01845
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01847
IRS990/PrincipalOfficerNm0Guy Buckles
IRS990/PriorPeriodAdjustmentsAmt02
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0854413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0854413
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt078040
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0800595
IRS990/PYProgramServiceRevenueAmt0851862
IRS990/PYRevenuesLessExpensesAmt0-101304
IRS990/PYSalariesCompEmpBnftPaidAmt0230623
IRS990/PYTotalExpensesAmt01031218
IRS990/PYTotalRevenueAmt0929914
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0129359
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0854413
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt048748
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0243540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt078040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0102804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt018600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0111500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0554484
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0311
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0402
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0825
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02233626
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91500
IRS990ScheduleA/PublicSupportTotal170Amt0508096
IRS990ScheduleA/SubstantialContributorsTotAmt046388
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0243540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt078040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0102804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt018600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0111500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0554484
IRS990ScheduleA/TotalSupportAmt0555309
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/BookValueAmt028639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056857
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085496
IRS990ScheduleD/ExpensesSubtotalAmt0968600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01075454
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0221244
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01296698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt279139
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Security deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant security deposits
IRS990ScheduleD/RevenueSubtotalAmt01097959
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01104093
IRS990ScheduleD/TotalBookValueOtherAssetsAmt083457
IRS990ScheduleD/TotalExpensesPerForm990Amt0968600
IRS990ScheduleD/TotalLiabilityAmt064312
IRS990ScheduleD/TotalRevenuePerForm990Amt01097959
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01097959
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0968600
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/TotalAssetsBOYAmt01406566
IRS990/TotalAssetsEOYAmt01463682
IRS990/TotalAssetsGrp/BOYAmt01406566
IRS990/TotalAssetsGrp/EOYAmt01463682
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0243540
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0128993
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0839607
IRS990/TotalFunctionalExpensesGrp/TotalAmt0968600
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0948348
IRS990/TotalLiabilitiesEOYAmt0876103
IRS990/TotalLiabilitiesGrp/BOYAmt0948348
IRS990/TotalLiabilitiesGrp/EOYAmt0876103
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0458218
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0587579
IRS990/TotalOtherCompensationAmt059140
IRS990/TotalProgramServiceExpensesAmt0839607

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