Civic Intelligence

Cucs Initiatives Inc.

990 • Fiscal year 2015 • EIN 20-3733716

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 02, 2016

198 East 121st StreetNew York, NY 10035

(212) 801-3300

Siviq Scores

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

Liabilities / Assets

40th percentile

0.61x

Higher debt load relative to assets than 40% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

32nd percentile

1.17x

Higher debt load relative to revenue than 32% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Net Margin

91st percentile

80%

Higher net margin than 91% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

66th percentile

$286,786

Higher top officer pay than 66% of similar nonprofits.

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

2015 filings • NTEE L • $10M-$25M nonprofits • Source year 2015

Asset Growth

20th percentile

-3.5%

Faster asset growth than 20% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

418%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$10,253,158

Down $376,074 (-3.5%) from 2014

Net Assets

Up

$3,980,293

Up $4,301,934 (+1337%) from 2014

Liabilities

Down

$6,272,865

Down $4,678,008 (-43%) from 2014

Revenue

Up

$5,356,055

Up $4,322,183 (+418%) from 2014

Expenses

Up

$1,054,121

Up $224,093 (+27%) from 2014

Net Income

Up

$4,301,934

Up $4,098,090 (+2010%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $10,848,222Liabilities 2010: $11,883,827Net Assets 2010: -$1,035,6052010Assets 2011: $10,738,605Liabilities 2011: $11,738,807Net Assets 2011: -$1,000,2022011Assets 2012: $10,652,141Liabilities 2012: $11,540,931Net Assets 2012: -$888,7902012Assets 2013: $10,503,808Liabilities 2013: $11,225,090Net Assets 2013: -$721,2822013Assets 2014: $10,629,232Liabilities 2014: $10,950,873Net Assets 2014: -$321,6412014Assets 2015: $10,253,158Liabilities 2015: $6,272,865Net Assets 2015: $3,980,2932015Assets 2016: $10,148,238Liabilities 2016: $6,133,660Net Assets 2016: $4,014,5782016Assets 2017: $10,020,361Liabilities 2017: $5,981,856Net Assets 2017: $4,038,5052017Assets 2018: $9,896,223Liabilities 2018: $5,784,611Net Assets 2018: $4,111,6122018Assets 2019: $10,651,272Liabilities 2019: $6,441,833Net Assets 2019: $4,209,4392019Assets 2020: $10,600,754Liabilities 2020: $6,275,844Net Assets 2020: $4,324,9102020Assets 2021: $10,594,061Liabilities 2021: $6,138,120Net Assets 2021: $4,455,9412021Assets 2022: $10,563,658Liabilities 2022: $5,945,255Net Assets 2022: $4,618,4032022Assets 2023: $10,536,132Liabilities 2023: $5,912,176Net Assets 2023: $4,623,9562023Assets 2024: $10,546,822Liabilities 2024: $5,718,999Net Assets 2024: $4,827,8232024

Highlighted filing

2015

Assets$10,253,158
Liabilities$6,272,865
Net Assets$3,980,293

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $983,1442010Expenses 2011: $882,2712011Expenses 2012: $948,4862012Expenses 2013: $953,4082013Revenue 2014: $1,033,872Expenses 2014: $830,028Net Income 2014: $203,8442014Revenue 2015: $5,356,055Expenses 2015: $1,054,121Net Income 2015: $4,301,9342015Revenue 2016: $803,274Expenses 2016: $768,989Net Income 2016: $34,2852016Revenue 2017: $803,274Expenses 2017: $779,347Net Income 2017: $23,9272017Revenue 2018: $803,275Expenses 2018: $730,168Net Income 2018: $73,1072018Revenue 2019: $803,274Expenses 2019: $705,447Net Income 2019: $97,8272019Revenue 2020: $803,274Expenses 2020: $687,803Net Income 2020: $115,4712020Revenue 2021: $803,277Expenses 2021: $672,246Net Income 2021: $131,0312021Revenue 2022: $803,283Expenses 2022: $640,821Net Income 2022: $162,4622022Revenue 2023: $804,098Expenses 2023: $798,545Net Income 2023: $5,5532023Revenue 2024: $803,497Expenses 2024: $599,630Net Income 2024: $203,8672024

Highlighted filing

2015

Revenue$5,356,055
Expenses$1,054,121
Net Income$4,301,934
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$5,356,055
Mission and Program Overview

Mission

The corporation has been organized for the purposes of providing relief to the poor, distressed and underpriviledged by promoting low-income housing and by promoting economic development in impoverished neighborhoods in the city of new york.

To provide relief to the poor, distressed, and underpriviledged by promoting low-income housing and economic development in impoverished neighborhoods in the city of ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,618,569$8,493,397▼ $125,172
Savings and Temporary Cash Investments$548,276$1,363,690▲ $815,414
Cash and Non-Interest-Bearing Accounts$286,599$368,430▲ $81,831
Prepaid Expenses and Deferred Charges$14,860$14,860→ $0
Accounts Receivable$147,513$7,512▼ $140,001
Other Notes and Loans Receivable, Net$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$10,629,232$10,253,158▼ $376,074
Other Assets Total$1,013,415$5,269▼ $1,008,146
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,040,000$6,242,386▼ $2,797,614
Unsecured Notes Loans Payable$1,850,000$0▼ $1,850,000
Other Liabilities$36,587$22,629▼ $13,958
Accounts Payable and Accrued Expenses$24,286$7,850▼ $16,436
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,950,873$6,272,865▼ $4,678,008
Net Assets / Fund Balance
Unrestricted Net Assets$-321,641$3,980,293▲ $4,301,934
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-321,641$3,980,293▲ $4,301,934
Total Liabilities and Net Assets / Fund Balance$10,629,232$10,253,158▼ $376,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,618,552$2,508,890$10,127,442
Land$761,260-$761,260
Equipment$113,585$21,761$135,346
Compensation and Service Providers

Board Members and Trustees

NameTitle
James KrauskopfPresident
Anthony HanniganDirector
Paul GualanoSecretary
Jeffrey HalfpennyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,548,942
Program Service Revenue
$803,274
Investment Income
$1,075
Other Revenue
$2,764
All Other Contributions
$4,548,942
Change in Net Assets
$4,301,934

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$4,548,942Fair Market Value (FMV)
Total Noncash Contributions2$4,548,942-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,054,121
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$335,246$47,892-$383,138
Interest$184,940$75,538-$260,478
Fees for Services Legal-$198,685-$198,685
Other Expenses$102,029$41,673-$143,702
Office Expenses$2,586--$2,586
Insurance$600--$600
Total Functional Expenses$625,401$428,720$0$1,054,121
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
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
Interest Payable$22,629
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
CUCS Initiatives Inc
EIN
20-3733716
In Care Of
% JEFFREY HALFPENNY
Phone
2128013300
Address
198 EAST 121ST STREET, New York, NY 10035

Signing Officer

Name
Jeffrey Halfpenny
Title
Chief Financial Officer
Phone
2128013300
Signed
2016-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Hannigan
Formed
2005
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
Eisneramper Llp
Address
750 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Julie Floch
Phone
2129498700
Supplemental Narrative

Additional Explanations

Monitoring of Conflict of Interest Policy

Part vi, section b, line 12c each board member and senior management has received a copy of the conflict of interest policy from center for urban community services ("cucs")and is required to annually sign an affirmation of compliance.

Review of Form 990

Part vi, section b, line 11b the form 990 is reviewed by management, including its president, and then distributed to the board of directors for review and approval prior to filing.

Determination of Compensation of Key Employees

Part vi, section b, line 15b compensation paid to cucs employees is reviewed by cucs's executive committee of its board of directors based on the review of current comparability data (including guidestar reports).

Form 8868

Form 8868 - application for extension of time to file an exempt organization return was electronically filed.

Governance, Management, and Disclosure

Part vi, section c, question 19 cucs initiatives, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public during regular business hours at the organization's address after receipt of written request to examine.

Sharing of Paid Employees

A significant number of the organization's employees dedicate their time to projects managed by center for urban community services, inc. ("cucs"), a related tax-exempt organization. Accordingly, payroll and related taxes and benefits for these employees were allocated to cucs and not reflected as expenses on this entity.

Financial Statement Notes

Fin 48 Disclosure

Schedule d, part x, line 2 cucsi is subject to the provisions of the financial accounting standards board's (the "fasb") accounting standards codification ("asc") topic 740, income taxes, as it relates to accounting and reporting for uncertainty in income taxes. Because of cucsi's general tax exempt status, asc topic 740 has not had, and is not anticipated to have, a material impact on cucsi's financial statements.

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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0803274
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CENTER FOR URBAN COMMUNITY SERVICES INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0803274
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt07618552
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02508890
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010127442
IRS990ScheduleD/EquipmentGrp/BookValueAmt0113585
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021761
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135346
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0761260
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0761260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022629
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHEDULE D, PART X, LINE 2 CUCSI IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF CUCSI'S GENERAL TAX EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON CUCSI'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 DISCLOSURE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08493397
IRS990ScheduleD/TotalLiabilityAmt022629
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1257509
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2170799
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt012750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt118819
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt21284
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110458
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt226559
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL GUALANO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANTHONY HANNIGAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JEFFREY HALFPENNY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1286786
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2198642
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt02
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0IN-KIND CONTR (FORGIVENESS OF DEBT)
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt04548942
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND SENIOR MANAGEMENT HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY FROM CENTER FOR URBAN COMMUNITY SERVICES ("CUCS")AND IS REQUIRED TO ANNUALLY SIGN AN AFFIRMATION OF COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT, INCLUDING ITS PRESIDENT, AND THEN DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART VI, SECTION B, LINE 15B COMPENSATION PAID TO CUCS EMPLOYEES IS REVIEWED BY CUCS'S EXECUTIVE COMMITTEE OF ITS BOARD OF DIRECTORS BASED ON THE REVIEW OF CURRENT COMPARABILITY DATA (INCLUDING GUIDESTAR REPORTS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 8868 - APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WAS ELECTRONICALLY FILED.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.5$5.72$4.83$0.80$0.60$0.20
2023Detailed filing. Detailed filing data is available for this year.$10.5$5.91$4.62$0.80$0.80$0.01
2022Detailed filing. Detailed filing data is available for this year.$10.6$5.95$4.62$0.80$0.64$0.16
2021Detailed filing. Detailed filing data is available for this year.$10.6$6.14$4.46$0.80$0.67$0.13
2020Detailed filing. Detailed filing data is available for this year.$10.6$6.28$4.32$0.80$0.69$0.12
2019Detailed filing. Detailed filing data is available for this year.$10.7$6.44$4.21$0.80$0.71$0.10
2018Detailed filing. Detailed filing data is available for this year.$9.90$5.78$4.11$0.80$0.73$0.07
2017Detailed filing. Detailed filing data is available for this year.$10.0$5.98$4.04$0.80$0.78$0.02
2016Detailed filing. Detailed filing data is available for this year.$10.1$6.13$4.01$0.80$0.77$0.03
2015Detailed filing. Detailed filing data is available for this year.$10.3$6.27$3.98$5.36$1.05$4.30
2014Detailed filing. Detailed filing data is available for this year.$10.6$11.0$0.32$1.03$0.83$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$11.2$0.72$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$11.5$0.89$0.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$11.7$1.00$0.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$11.9$1.04$0.98