Civic Intelligence

Restore Nyc Inc.

990 • Fiscal year 2017 • EIN 20-2390142

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 09, 2018

PO Box 1003 Bowling Green StationNew York, NY 10274

(212) 300-2093

Siviq Scores

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

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Net Margin

52nd percentile

2.6%

Higher net margin than 52% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$114,192

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2017 filings • NTEE P • $1M-$5M nonprofits • Source year 2017

Asset Growth

52nd percentile

5.8%

Faster asset growth than 52% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,273,365

Up $69,359 (+5.8%) from 2016

Net Assets

Up

$1,221,067

Up $68,043 (+5.9%) from 2016

Liabilities

Up

$52,298

Up $1,316 (+2.6%) from 2016

Revenue

Up

$2,118,962

Up $496,039 (+31%) from 2016

Expenses

Up

$2,064,260

Up $712,655 (+53%) from 2016

Net Income

Down

$54,702

Down $216,616 (-80%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $314,885Liabilities 2011: $10,267Net Assets 2011: $304,6182011Assets 2012: $474,703Liabilities 2012: $9,631Net Assets 2012: $465,0722012Assets 2013: $722,173Liabilities 2013: $15,032Net Assets 2013: $707,1412013Assets 2014: $839,353Liabilities 2014: $14,883Net Assets 2014: $824,4702014Assets 2015: $874,748Liabilities 2015: $12,901Net Assets 2015: $861,8472015Assets 2016: $1,204,006Liabilities 2016: $50,982Net Assets 2016: $1,153,0242016Assets 2017: $1,273,365Liabilities 2017: $52,298Net Assets 2017: $1,221,0672017Assets 2018: $1,712,129Liabilities 2018: $90,021Net Assets 2018: $1,622,1082018Assets 2019: $2,292,537Liabilities 2019: $54,388Net Assets 2019: $2,238,1492019Assets 2020: $4,082,539Liabilities 2020: $536,221Net Assets 2020: $3,546,3182020Assets 2021: $4,274,191Liabilities 2021: $344,103Net Assets 2021: $3,930,0882021Assets 2022: $3,584,974Liabilities 2022: $168,048Net Assets 2022: $3,416,9262022Assets 2023: $3,666,160Liabilities 2023: $188,557Net Assets 2023: $3,477,6032023Assets 2024: $4,241,246Liabilities 2024: $1,211,519Net Assets 2024: $3,029,7272024

Highlighted filing

2017

Assets$1,273,365
Liabilities$52,298
Net Assets$1,221,067

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $365,077Expenses 2011: $369,351Net Income 2011: -$4,2742011Expenses 2012: $503,3762012Expenses 2013: $690,9042013Revenue 2014: $926,967Expenses 2014: $808,825Net Income 2014: $118,1422014Revenue 2015: $1,015,903Expenses 2015: $976,504Net Income 2015: $39,3992015Revenue 2016: $1,622,923Expenses 2016: $1,351,605Net Income 2016: $271,3182016Revenue 2017: $2,118,962Expenses 2017: $2,064,260Net Income 2017: $54,7022017Revenue 2018: $2,533,059Expenses 2018: $2,197,815Net Income 2018: $335,2442018Revenue 2019: $3,967,367Expenses 2019: $3,336,445Net Income 2019: $630,9222019Revenue 2020: $5,212,469Expenses 2020: $3,992,983Net Income 2020: $1,219,4862020Revenue 2021: $5,163,935Expenses 2021: $4,822,805Net Income 2021: $341,1302021Revenue 2022: $4,253,425Expenses 2022: $4,807,415Net Income 2022: -$553,9902022Revenue 2023: $5,202,967Expenses 2023: $5,149,953Net Income 2023: $53,0142023Revenue 2024: $4,999,406Expenses 2024: $5,522,659Net Income 2024: -$523,2532024

Highlighted filing

2017

Revenue$2,118,962
Expenses$2,064,260
Net Income$54,702
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 9, 2018
Return Version
2016v3.0
Gross Receipts
$2,161,427
Mission and Program Overview

Mission

Restore NYC is focused on providing holistic long-term aftercare services for international suvivors of sex trafficking in New York City. This is accomplished through identifying individuals trafficked and offering counseling, case management, housing, and economic empowerment services. We measure impact to improve our services and share our learnings through targeted trainings to front-line professionals who have the opportunity to identify more survivors of trafficking.

Provide holistic long-term aftercare services for suvivors of sex trafficking in New York City.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$135,033$924,674▲ $789,641
Savings and Temporary Cash Investments$807,772$0▼ $807,772
Pledges and Grants Receivable-$165,088-
Investments in Publicly Traded Securities$67,234$108,765▲ $41,531
Accounts Receivable$92,228$0▼ $92,228
Land, Buildings, and Equipment, Net$57,776$31,365▼ $26,411
Prepaid Expenses and Deferred Charges$11,388$21,458▲ $10,070
Other Notes and Loans Receivable, Net$10,560$0▼ $10,560
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,204,006$1,273,365▲ $69,359
Other Assets Total$22,015$22,015→ $0
Liabilities
Accounts Payable and Accrued Expenses$50,182$47,563▼ $2,619
Other Liabilities-$4,735-
Grants Payable$800--
Total Liabilities$50,982$52,298▲ $1,316
Net Assets / Fund Balance
Unrestricted Net Assets$1,138,497$1,211,551▲ $73,054
Temporarily Rstr Net Assets$14,527$9,516▼ $5,011
Total Net Assets Fund Balance$1,153,024$1,221,067▲ $68,043
Total Liabilities and Net Assets / Fund Balance$1,204,006$1,273,365▲ $69,359

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$909$14,116-
Leasehold Improvements$30,456$26,523-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jimmy LeeExecutive DirectorFT$108,596$5,596$114,192

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,104,453
Program Service Revenue
$0
Investment Income
$2,453
Other Revenue
$12,056
All Other Contributions
$1,546,353
Change in Net Assets
$54,702

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$28,290Fair Market Value (FMV)
Total Noncash Contributions4$28,290-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,118,962
Revenue Not Reported on Form 990
$34,799
Total Revenue per Audited Statements
$2,153,761
Total Revenue per Form 990
$2,118,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,302,744
Other Expenses$761,516
Total Fundraising Expense$454,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$747,832$54,946$159,331$962,109
Occupancy$155,482$11,842$11,743$179,067
Fees for Services Other$72,986$10,019$82,433$165,438
Current Officers, Directors, Trustees, and Key Employees$73,225$42,250$35,025$150,500
Other Employee Benefits$78,273$12,543$21,317$112,133
Payroll Taxes$54,449$8,725$14,828$78,002
Depreciation Depletion$21,283$1,709$3,418$26,410
Office Expenses$15,695$2,036$5,416$23,147
Fees for Services Accounting-$21,226-$21,226
Conferences and Meetings$13,857$3,156$1,995$19,008
Other Expenses$12,080$590$235$12,905
Insurance$9,300$2,416$1,138$12,854
All Other Expenses$5,144$1,529$1,346$8,019
Information Technology$5,851$580$1,063$7,494
Travel$4,153-$1,665$5,818
Advertising-$2,990-$2,990
Total Functional Expenses$1,432,948$177,193$454,119$2,064,260

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,085,718
Expenses per Audited Statements$2,064,260
Total Expenses per Form 990$2,064,260
Expenses Not Reported on Form 990$21,458
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,465
Fundraising Gross Income$42,465
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Other$38,644---
Annual Benefit$330,315$38,115-$38,115
Total Events$393,181$42,465$42,465-
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
Deferred Rent$4,735
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 with the audit committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the chair of the board for his review and approval before being filed with the IRS.

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

The organization has a "board approved" conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transaction.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The entire board of directors reviewed comparable salaries from the Nonprofit Salaries & Staffing Report For Greater New York City Areas Nonprofits and Associations produced by the pnp Staffing Group. The minutes of the board meeting do not detail this process because this was discussed during the Executive Session of the September 2016 board meeting and notes were not taken.

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

The organization's governing documents, financial statements, and conflict of interest policy are available to the public upon request to the Executive Director.

Filing and Contact Details

Filer

Filer Name
Restore NYC Inc
EIN
20-2390142
Phone
2123002093
Address
PO Box 1003 Bowling Green Station, New York, NY 10274

Signing Officer

Name
Jimmy Lee
Title
Executive Director
Signed
2018-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmy Lee
Formed
2005
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
11
Employees
41
Volunteers
120

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending September 30, 2014 and later are subject to examination by applicable taxing authorities.

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IRS990/Desc0Investing in Economic EmpowermentIn 2016, Restore NYC hired a full-time Manager of Job Development to continue growing the workers' cooperative while building relationships with half a dozen local businesses interested in employing the women the organization serves. Through these efforts, 83% of members who started and completed the Economic Empowerment program this year are employed and are averaging a 193% increase in income since joining the program (average net monthly income = $1,227).Growing Crisis and Transitional HousingThis year has also proved a pivotal year for Restore's housing strategy. Late last year, the organization decided to begin searching for a new Safehome location with the possibility of expanding to emergency housing, and in December 2016 the first Chief Operating Officer was hired to help spearhead this effort. After months of searching, Restore is now preparing to move into a permanent residential location that will offer 7 Safehome beds and 3-4 emergency beds. In addition, the organization secured two independent living units with a Restore partner (with the potential for future growth); clients pay a monthly rent and live safely in the community. Train and Equip Law Enforcement Restore's focus on training and equipping law enforcement has led to stronger partnerships across states and agencies. This year, Restore trained five law enforcement partners including the Department of Homeland Security (NY Field Office), FBI (NY Field Office), FBI (NJ Field Office), NYPD and Metro Nashville Police Department. These partnerships have confirmed that investing in training and capacity building for departments across the country is an effective and worthwhile vehicle to share what the organization is learning on the ground in New York City. As law enforcement are often the first officals to come in contact with a potential victim, Restore is equipping these strategic partners to know the signs of trafficking to identify and serve survivors in their respective cities.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12COO
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IRS990/InformationTechnologyGrp/ProgramServicesAmt05851
IRS990/InformationTechnologyGrp/TotalAmt07494
IRS990/InsuranceGrp/FundraisingAmt01138
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IRS990/InsuranceGrp/TotalAmt012854
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IRS990/IRPDocumentCnt045
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Restore NYC is focused on providing holistic long-term aftercare services for international suvivors of sex trafficking in New York City. The goal is to help victimized women achieve complete and total reintegration back into society. Inspired by Christian values, Restore NYC aims to provide long-term safe housing and specialized legal, medical, and employment services as well as optional spiritual activities.
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IRS990/NetAssetsOrFundBalancesEOYAmt01221067
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt022015
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt021317
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012543
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt078273
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IRS990/OtherExpensesGrp/Desc0Direct program expense
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IRS990/OtherExpensesGrp/Desc2Donation processing
IRS990/OtherExpensesGrp/Desc3Repairs and maintenance
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IRS990/OtherExpensesGrp/FundraisingAmt127210
IRS990/OtherExpensesGrp/FundraisingAmt2235
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0636
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1590
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IRS990/OtherExpensesGrp/ProgramServicesAmt13044
IRS990/OtherExpensesGrp/ProgramServicesAmt212080
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IRS990/OtherExpensesGrp/TotalAmt185956
IRS990/OtherExpensesGrp/TotalAmt230890
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IRS990/PayrollTaxesGrp/FundraisingAmt014828
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08725
IRS990/PayrollTaxesGrp/ProgramServicesAmt054449
IRS990/PayrollTaxesGrp/TotalAmt078002
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0165088
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011388
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021458
IRS990/PrincipalOfficerNm0Jimmy Lee
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01706431
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IRS990/PYInvestmentIncomeAmt02268
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IRS990/PYOtherRevenueAmt0-85776
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IRS990/PYSalariesCompEmpBnftPaidAmt0945083
IRS990/PYTotalExpensesAmt01351605
IRS990/PYTotalRevenueAmt01622923
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0807772
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01076431
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01038337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0904596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0916479
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01667
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010477
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt012056
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt041918
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt036939
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt065874
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt056522
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0213309
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86200

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.24$1.21$3.03$5.00$5.52$0.52
2023Detailed filing. Detailed filing data is available for this year.$3.67$0.19$3.48$5.20$5.15$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.58$0.17$3.42$4.25$4.81$0.55
2021Detailed filing. Detailed filing data is available for this year.$4.27$0.34$3.93$5.16$4.82$0.34
2020Detailed filing. Detailed filing data is available for this year.$4.08$0.54$3.55$5.21$3.99$1.22
2019Detailed filing. Detailed filing data is available for this year.$2.29$0.05$2.24$3.97$3.34$0.63
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.09$1.62$2.53$2.20$0.34
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.05$1.22$2.12$2.06$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.05$1.15$1.62$1.35$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.86$1.02$0.98$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.82$0.93$0.81$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.02$0.71$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.01$0.47$0.50
2011Summary only. Only limited summary data is available for this year.$0.31$0.01$0.30$0.37$0.37$0.00