Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Remedco Foundation Inc
EIN 23-7152841 • 501(c)4 • New York, NY
Profile
Remedco foundation inc. Was organized to promote the general welfare and rehablitation and redevelopment of the morningside heights section of new york city.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.26x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Balance Sheet
Assets
Down$253,272
Down $4,379 (-1.7%) from 2022
Liabilities
Flat$67,728
Flat from 2022
Net Assets
Down$185,544
Down $4,379 (-2.3%) from 2022
Revenue
Down$11,058
Down $9,682 (-47%) from 2022
Expenses
Up$15,437
Up $5,447 (+55%) from 2022
Net Income
Down-$4,379
Down $15,129 (-141%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $253,272
- Liabilities
- $67,728
- Net assets
- $185,544
- Revenue
- $11,058
- Expenses
- $15,437
- Net income
- -$4,379
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 8, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $58,802
Mission and Program Overview
Mission
Remedco foundation inc. Was organized to promote the general welfare and rehablitation and redevelopment of the morningside heights section of new york city.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| CONTRIBUTION TO THE GENERAL FUND - MORNINGSIDE AREA ALLIANCE INC.(PUBLIC CHARITY). THERE WERE NO CONTRIBUTIONS MADE TO THIS CHARITY FOR THE YEAR ENDED JUNE 30, 2023 | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JENNIFER BEISSER | Executive Director | - | $0 | - | - |
| LOFTIN FLOWERS | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Remedco Foundation Inc
- EIN
- 23-7152841
- Phone
- 2127491570
- Address
- 90 MORNINGSIDE DRIVE SUITE 1A, NEW YORK, NY 10027
Signing Officer
- Name
- Jennifer Beisser
- Title
- Executive Director
- Phone
- 2127491570
- Signed
- 2024-05-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Citrin Cooperman Advisors LLC
- Address
- 88 FROEHLICH FARM BLVD 3RD FLOOR, WOODBURY, NY 11797
- Preparer
- Scott Sanders
- Phone
- 5163643390
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: dividend income. Amount: 9,404. Description: interest income. Amount: 88. Total included on form 990-ez, line 4: 9,492.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: other income. Amount: 49.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: investment fees and bank charges. Amount: 3,222. Description: filing fees. Amount: 50. Description: management fees. Amount: 8,615. Total to form 990-ez, line 16: 11,887.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: investment in securities. Beg. Of year amount: 234,978. End of year amount: 240,736.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: subordinated debentures. Beg. Of year amount: 63,178. End of year amount: 63,178. Description: accrued expenses. Beg. Of year amount: 4,550. End of year amount: 4,550.”
Raw XML Appendix120 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2127491570 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 90 MORNINGSIDE DRIVE SUITE 1A |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10027 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 22673 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 12536 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 47744 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -4379 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3550 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 257651 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 253272 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 1517 |
| IRS990EZ/GrossReceiptsAmt | 0 | 58802 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 9492 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 189923 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 185544 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 189923 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 185544 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JENNIFER BEISSER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LOFTIN FLOWERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 234978 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 240736 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 11887 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 49 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | REMEDCO FOUNDATION INC. WAS ORGANIZED TO PROMOTE THE GENERAL WELFARE AND REHABLITATION AND REDEVELOPMENT OF THE MORNINGSIDE HEIGHTS SECTION OF NEW YORK CITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | CONTRIBUTION TO THE GENERAL FUND - MORNINGSIDE AREA ALLIANCE INC.(PUBLIC CHARITY). THERE WERE NO CONTRIBUTIONS MADE TO THIS CHARITY FOR THE YEAR ENDED JUNE 30, 2023 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 49261 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 67728 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 67728 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 15437 |
| IRS990EZ/TotalRevenueAmt | 0 | 11058 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DIVIDEND INCOME. AMOUNT: 9,404. DESCRIPTION: INTEREST INCOME. AMOUNT: 88. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 9,492. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: OTHER INCOME. AMOUNT: 49. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INVESTMENT FEES AND BANK CHARGES. AMOUNT: 3,222. DESCRIPTION: FILING FEES. AMOUNT: 50. DESCRIPTION: MANAGEMENT FEES. AMOUNT: 8,615. TOTAL TO FORM 990-EZ, LINE 16: 11,887. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: INVESTMENT IN SECURITIES. BEG. OF YEAR AMOUNT: 234,978. END OF YEAR AMOUNT: 240,736. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: SUBORDINATED DEBENTURES. BEG. OF YEAR AMOUNT: 63,178. END OF YEAR AMOUNT: 63,178. DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 4,550. END OF YEAR AMOUNT: 4,550. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JENNIFER BEISSER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2127491570 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | REMEDCO FOUNDATION INC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O MORNINGSIDE AREA ALLIANCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | REME |
| ReturnHeader/Filer/EIN | 0 | 237152841 |
| ReturnHeader/Filer/PhoneNum | 0 | 2127491570 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 90 MORNINGSIDE DRIVE SUITE 1A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10027 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 872525370 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CITRIN COOPERMAN ADVISORS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 88 FROEHLICH FARM BLVD 3RD FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WOODBURY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11797 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5163643390 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-05-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SCOTT SANDERS |
| ReturnHeader/ReturnTs | 0 | 2024-05-08T15:43:26-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JENNIFER |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BEISSER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.