Civic Intelligence

Artopolis Development

990 • Fiscal year 2022 • EIN 13-4003325

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

86th percentile

0.57x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.67x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-9.4%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,051,842

Down $195,263 (-16%) from 2021

Net Assets

Down

$449,011

Down $124,126 (-22%) from 2021

Liabilities

Down

$602,831

Down $71,137 (-11%) from 2021

Revenue

Down

$902,252

Down $93,998 (-9.4%) from 2021

Expenses

Up

$1,026,378

Up $15,686 (+1.6%) from 2021

Net Income

Down

-$124,126

Down $109,684 (-759%) from 2021

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

2022

Assets$1,051,842
Liabilities$602,831
Net Assets$449,011

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

2022

Revenue$902,252
Expenses$1,026,378
Net Income-$124,126
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$902,252
Mission and Program Overview

Mission

ArtBuilding is a dynamic non-profit business that harnesses the power of built spaces to create economic security, professional stability and financial assets for artists and creative professionals.

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$1,005,484$908,010▼ $97,474
Savings and Temporary Cash Investments$34,002$30,540▼ $3,462
Cash and Non-Interest-Bearing Accounts$124,163$29,836▼ $94,327
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,247,105$1,051,842▼ $195,263
Other Assets Total$83,456$83,456→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$420,349$360,445▼ $59,904
Deferred Revenue$215,811$172,739▼ $43,072
Other Liabilities$32,129$43,147▲ $11,018
Accounts Payable and Accrued Expenses$5,679$26,500▲ $20,821
Total Liabilities$673,968$602,831▼ $71,137
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$573,137$449,011▼ $124,126
Total Net Assets Fund Balance$573,137$449,011▼ $124,126
Total Liabilities and Net Assets / Fund Balance$1,247,105$1,051,842▼ $195,263

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$902,560$394,138$1,296,698
Equipment$5,450$80,046$85,496
Other Assets Org$79,139--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Esther RobinsonCo-Executive DiFT$66,667$33,583$100,250
Guy BucklesSecretary/TreasFT$60,000$33,582$93,582

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$58,882
Program Service Revenue
$843,366
Investment Income
$4
Other Revenue
$0
All Other Contributions
$20,500
Change in Net Assets
$-124,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$822,028
Salaries, Compensation, and Employee Benefits$204,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$591,497$15,167-$606,664
Current Officers, Directors, Trustees, and Key Employees$125,991$67,841-$193,832
Depreciation Depletion$96,012$1,462-$97,474
Insurance$34,964$11,736-$46,700
Interest-$24,158-$24,158
Fees for Services Management$12,369--$12,369
Payroll Taxes$6,837$3,681-$10,518
Office Expenses-$7,557-$7,557
Fees for Services Accounting-$6,500-$6,500
Advertising$1,445--$1,445
Travel$1,176--$1,176
Fees for Services Legal-$765-$765
Other Expenses$15,226$576-$576
Total Functional Expenses$885,517$140,861$0$1,026,378
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$43,147
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Section B, Line 11B

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

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

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, Section C, Line 19

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
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Guy Buckles
Formed
1998
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
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/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-124126
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0843366
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt058882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0167185
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0243540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt078040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0102804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0650451
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0120
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03892436
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99680
IRS990ScheduleA/PublicSupportPY170Pct00.98880
IRS990ScheduleA/PublicSupportTotal170Amt0648462
IRS990ScheduleA/SubstantialContributorsTotAmt01989
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt058882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0243540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt078040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0102804
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0650451
IRS990ScheduleA/TotalSupportAmt0650571
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/BookValueAmt05450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080046
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085496
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0902560
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0394138
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01296698
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt179139
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Security deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0908010
IRS990ScheduleD/TotalBookValueOtherAssetsAmt083456
IRS990ScheduleD/TotalLiabilityAmt043147
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01247105
IRS990/TotalAssetsEOYAmt01051842
IRS990/TotalAssetsGrp/BOYAmt01247105
IRS990/TotalAssetsGrp/EOYAmt01051842
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt058882
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140861
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0885517
IRS990/TotalFunctionalExpensesGrp/TotalAmt01026378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0673968
IRS990/TotalLiabilitiesEOYAmt0602831
IRS990/TotalLiabilitiesGrp/BOYAmt0673968
IRS990/TotalLiabilitiesGrp/EOYAmt0602831
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0573137
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0449011
IRS990/TotalOtherCompensationAmt067165
IRS990/TotalProgramServiceExpensesAmt0885517
IRS990/TotalProgramServiceRevenueAmt0843366
IRS990/TotalReportableCompFromOrgAmt0126667
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0843370
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0902252
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01247105
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01051842
IRS990/TravelGrp/ProgramServicesAmt01176
IRS990/TravelGrp/TotalAmt01176
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0431 45th Street
IRS990/USAddress/CityNm0Brooklyn
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011220
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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