Civic Intelligence

The Carter Burden Center for the Aging Inc

EIN 23-7129499 • 501(c)3 • New York, NY

Profile

To promote the well-being of seniors(60 and older) through a continuum of services, advocacy and volunteer porgrams in nyc oriented to individual, family and community needs. We are dedicated to supporting the efforts of older people to live safely and with dignity.

Refreshing map…

415 E 73rd StreetNew York, NY 10021

carterburdencenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.31x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

68th percentile

0.47x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

80th percentile

$325,514

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

16th percentile

-6.3%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

82nd percentile

40%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$12,961,894

Down $652,172 (-4.8%) from 2021

Liabilities

Down

$728,756

Down $75,033 (-9.3%) from 2021

Net Assets

Down

$12,233,138

Down $577,139 (-4.5%) from 2021

Revenue

Up

$8,892,840

Up $2,325,959 (+35%) from 2021

Expenses

Up

$7,071,044

Up $657,982 (+10%) from 2021

Net Income

Up

$1,821,796

Up $1,667,977 (+1084%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $5,863,215Liabilities 2011: $354,819Net Assets 2011: $5,508,3962011Assets 2012: $5,483,385Liabilities 2012: $337,304Net Assets 2012: $5,146,0812012Assets 2013: $6,179,291Liabilities 2013: $633,238Net Assets 2013: $5,546,0532013Assets 2014: $6,923,920Liabilities 2014: $1,034,405Net Assets 2014: $5,889,5152014Assets 2015: $18,894,372Liabilities 2015: $1,071,836Net Assets 2015: $17,822,5362015Assets 2016: $17,631,260Liabilities 2016: $865,628Net Assets 2016: $16,765,6322016Assets 2018: $15,048,812Liabilities 2018: $803,328Net Assets 2018: $14,245,4842018Assets 2021: $13,614,066Liabilities 2021: $803,789Net Assets 2021: $12,810,2772021Assets 2022: $12,961,894Liabilities 2022: $728,756Net Assets 2022: $12,233,1382022

Highlighted filing

2022

Assets$12,961,894
Liabilities$728,756
Net Assets$12,233,138

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,650,6372011Expenses 2012: $3,768,4762012Expenses 2013: $4,499,7002013Revenue 2014: $5,186,918Expenses 2014: $5,386,652Net Income 2014: -$199,7342014Revenue 2015: $18,115,815Expenses 2015: $6,113,615Net Income 2015: $12,002,2002015Revenue 2016: $7,032,408Expenses 2016: $8,184,731Net Income 2016: -$1,152,3232016Revenue 2018: $7,654,190Expenses 2018: $8,498,618Net Income 2018: -$844,4282018Revenue 2021: $6,566,881Expenses 2021: $6,413,062Net Income 2021: $153,8192021Revenue 2022: $8,892,840Expenses 2022: $7,071,044Net Income 2022: $1,821,7962022

Highlighted filing

2022

Revenue$8,892,840
Expenses$7,071,044
Net Income$1,821,796

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 1, 2022
Return Version
2020v4.0
Gross Receipts
$6,658,637
Mission and Program Overview

Mission

Carter burden network (cbn) promotes the well-being of older adults 60 and older through a continuum of services, advocacy, arts and culture, health and wellness, and volunteer programs, all oriented to individual, family and community needs. We are dedicated to supporting the efforts of older people to live safely and with dignity.

Carter Burden Network promotes the well-being of seniors 60 and older through a continuum of services, advocacy, arts and culture, health and wellness, and volunteer programs, all oriented to individual, family and community needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,775,255$11,981,315▲ $1,206,060
Pledges and Grants Receivable$778,025$792,754▲ $14,729
Cash and Non-Interest-Bearing Accounts$356,264$407,577▲ $51,313
Land, Buildings, and Equipment, Net$411,493$325,053▼ $86,440
Prepaid Expenses and Deferred Charges$27,764$36,969▲ $9,205
Savings and Temporary Cash Investments$36,825$33,321▼ $3,504
Accounts Receivable$8,887$14,821▲ $5,934
Other Notes and Loans Receivable, Net-$0-
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$12,416,769$13,614,066▲ $1,197,297
Other Assets Total$22,256$22,256→ $0
Liabilities
Deferred Revenue$384,185$376,523▼ $7,662
Accounts Payable and Accrued Expenses$402,355$374,846▼ $27,509
Other Liabilities$54,395$45,268▼ $9,127
Escrow Account Liability$10,659$7,152▼ $3,507
Total Liabilities$851,594$803,789▼ $47,805
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,801,935$8,537,334▲ $735,399
Net Assets With Donor Restrictions$3,763,240$4,272,943▲ $509,703
Total Net Assets Fund Balance$11,565,175$12,810,277▲ $1,245,102
Total Liabilities and Net Assets / Fund Balance$12,416,769$13,614,066▲ $1,197,297

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$304,966$380,278$685,244
Other Land Buildings$20,087$181,480$201,567
Equipment-$184,399$184,399

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,448,997-▲ $638,922$132,880$3,955,039
2019$3,290,355-▲ $283,492$124,850$3,448,997
2018$3,119,721-▲ $292,754$122,120$3,290,355
2017$3,047,949-▲ $209,606$137,834$3,119,721
2016$2,914,667-▲ $267,282$134,000$3,047,949
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William DionneExecutive DirectorFT$295,929$28,005$323,934
Marlena VaccaroAssoc. Exec. DirectorFT$126,556$19,515$146,071
Velda MuradAssoc. Exec. DirectorFT$142,500-$142,500
Loy MulyagonjaCFOFT$121,652$19,526$141,178
Patricia MaysDirector of Dev't & CoFT$101,109$18,166$119,275

Highest Paid Contractors

ContractorServicesLocationCompensation
Jewish Association For Services For The AgedSocial Workers247 West 37st Street, New York, NY 10018$105,750
Rockefeller University Center for C&TSDietary Research1230 York Avenue, New York, NY 10065$102,662
Revenue and Support

Revenue Composition

Contributions and Grants
$5,395,235
Program Service Revenue
$77,965
Investment Income
$1,093,681
Other Revenue
$0
All Other Contributions
$493,877
Change in Net Assets
$153,819

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 Traded1$51,118Fair Market Value (FMV)
Total Noncash Contributions1$51,118-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,491,461
Revenue Not Reported on Financial Statements
$75,420
Revenue Not Reported on Form 990
$2,918,892
Total Revenue per Audited Statements
$9,410,353
Total Revenue per Form 990
$6,566,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,971,048
Other Expenses$1,397,014
Total Fundraising Expense$564,536
Professional Fundraising Fees$45,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,727,975$301,724$259,129$3,288,828
Other Employee Benefits$685,523$71,836$40,486$797,845
Current Officers, Directors, Trustees, and Key Employees-$333,748$149,370$483,118
Fees for Services Other$301,635$91,848$4,748$398,231
Occupancy$259,909$48,777-$308,686
Payroll Taxes$203,991$40,893$25,686$270,570
Information Technology$106,459$19,003$6,068$131,530
Pension Plan Contributions$106,785$12,729$11,173$130,687
Depreciation Depletion$55,944$30,496-$86,440
Insurance$70,120$12,243$890$83,253
Fees for Service Investment Mgmnt Fees-$75,420-$75,420
Fees for Services Professional Fundraising--$45,000$45,000
Other Expenses$31,674$16,669$8,914$31,674
Office Expenses$26,489$4,142$798$31,429
All Other Expenses$15,242$502$6,443$22,187
Travel$11,766$805-$12,571
Total Functional Expenses$4,766,674$1,081,852$564,536$6,413,062

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,165,251
Total Expenses per Form 990$6,413,062
Expenses per Audited Statements$6,337,642
Expenses Not Reported on Form 990$1,827,609
Expenses Not Reported on Financial Statements$75,420
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$45,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
FR Campaign$970,031---
Total Events$970,031---
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$45,268
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 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
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/executive committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to 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 interest party transactions.

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

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on.

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

Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Carter Burden Network Inc
EIN
23-7129499
Phone
2128797400
Address
415 E 73rd Street, New York, NY 10021

Signing Officer

Name
William Dionne
Title
Executive Director
Signed
2022-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Dionne
Formed
1971
Legal Domicile
Ny
Voting Board Members
26
Independent Board Members
26
Employees
98
Volunteers
275

Preparer

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

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Health and Wellness Program: CBNs Health and Wellness program leverages multi-sectoral partnerships, evidence-based programming, and pilot projects to improve the health and wellbeing of older adults and contribute to best practice in aging services. In FY 2021, CBN concluded its federally funded nutritional innovation grant in partnership with the Rockefeller University Center for Clinical and Translational Science and Clinical Directors Network. After implementing the DASH eating plan in congregate meals at two of its senior centers, providing nutrition and blood pressure education, and facilitating ongoing blood pressure monitoring, participants achieved a mean decrease of 4.41mm Hg in systolic blood pressure at month one of the intervention, which is considered a clinically significant outcome in reducing cardiovascular risk. Health education was especially vital in FY 2021 as seniors expressed concerns around COVID-19 and associated health challenges. Working with partners such as Lenox Hill Hospital - Northwell Health, Hospital for Special Surgery, NY Presbyterian/Weill Cornell, and Hunter-Bellevue School of Nursing, CBN offered expert-led virtual town halls and presentations on COVID-19, vaccines, and reopening anxiety, as well as broader health issues including chronic pain, natural care, immune health, stress management, and Alzheimers disease and dementia. In FY 2021, CBN served 143 unique clients through health education workshops and 52 unique clients through nutrition education workshops. On September 22, 2020 CBN held its second annual Older Adults Falls Prevention Symposium in partnership with NY Presbyterian/Weill Cornell. The virtual symposium had 159 attendees including seniors, senior service providers, injury prevention professionals, and government officials, and focused on best practices and innovations in falls prevention. Through a grant from the NY Foundation for Eldercare, CBN also initiated a partnership with the Icahn School of Medicine at Mt. Sinai to provide remote balance assessments to seniors to reduce their risk of falls. Virtual and in-person fitness classes supported seniors in improving strength, balance, flexibility, and cardiovascular health, while helping them stay active during the pandemic. Classes included Zumba, Yoga, Tai Chi, and Chair Dance. Evidence-based classes such as Tai Chi for Arthritis supported falls prevention efforts. In FY 2021, CBN served 130 unique clients through fitness classes and 16 unique clients through evidence-based programs. Recognizing the importance of vaccination for seniors health outcomes as well as the safe reopening of our city and CBN programs, CBNs health and wellness department offered responsive services in FY 2021 to connect older adults to the COVID-19 vaccine. Through a grant from the Robin Hood Foundation, CBN implemented a vaccine coordination program to provide culturally responsive vaccine outreach and education, and appointment scheduling assistance. Through community and healthcare partnerships, CBN also offered vaccine popup sites, mobile units, and senior-targeted opportunities. Through the project, in FY 2021, CBN:Conducted outreach to 2,000 CBN seniorsProvided vaccine information and education to 1,235 CBN seniorsOf the CBN seniors receiving information and education, 90% were vaccinated Provided vaccine appointment scheduling assistance to 300 CBN seniorsHosted a popup vaccination site on Roosevelt Island with Walgreens and the Roosevelt Island Disabled Association, vaccinating over 1,200 people OTHER PROGRAM SERVICES 5: Volunteer Services Program: CBNs dedicated network of volunteers bring valuable skills and unparalleled care to the thousands of clients we serve each year. While CBN limited in-person volunteer opportunities due to the pandemic, our volunteers continued to provide responsive services to support our 11 programs. In FY 2021, 275 volunteers provided 1,500 hours of service. Virtual volunteer opp

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

The Organization provides a money management assistance program to the homebound and elderly. As part of the program, the Organization maintains a bank account on behalf of its clients.

Part V, Line 4: Intended uses of the endowment fund.

CBN maintains donor-restricted funds whose purpose is to provide long term support for its charitable programs.

Part X : FIN48 Footnote

The Organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for the periods ended June 30, 2018 and later are subject to examination by applicable taxing authorities.

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