Civic Intelligence

Remedco Foundation Inc C/O Morningside Area Alliance

990EZ • Fiscal year 2017 • EIN 23-7152841

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileN/A
90 Morningside Drive Suite 1ANew York, NY 10027

(212) 316-8440

Siviq Scores

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

Liabilities / Assets

86th percentile

0.29x

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

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

14.67x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Net Margin

36th percentile

-2.3%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Asset Growth

43rd percentile

-0.8%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$226,370

Down $1,851 (-0.8%) from 2016

Net Assets

Down

$161,342

Down $101 (-0.1%) from 2016

Liabilities

Down

$65,028

Down $1,750 (-2.6%) from 2016

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin36th percentile

Revenue

Up

$4,433

Up $6,201 (+351%) from 2016

Expenses

Down

$4,534

Down $3,697 (-45%) from 2016

Net Income

Up

-$101

Up $9,898 (+99%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$300K$200K$100K$0Assets 2010: $241,920Liabilities 2010: $64,828Net Assets 2010: $177,0922010Assets 2012: $239,214Liabilities 2012: $65,028Net Assets 2012: $174,1862012Assets 2013: $237,637Liabilities 2013: $64,878Net Assets 2013: $172,7592013Assets 2014: $237,658Liabilities 2014: $66,628Net Assets 2014: $171,0302014Assets 2015: $237,220Liabilities 2015: $65,778Net Assets 2015: $171,4422015Assets 2016: $228,221Liabilities 2016: $66,778Net Assets 2016: $161,4432016Assets 2017: $226,370Liabilities 2017: $65,028Net Assets 2017: $161,3422017Assets 2018: $231,694Liabilities 2018: $66,828Net Assets 2018: $164,8662018Assets 2019: $238,387Liabilities 2019: $65,228Net Assets 2019: $173,1592019Assets 2020: $238,454Liabilities 2020: $67,778Net Assets 2020: $170,6762020Assets 2021: $247,251Liabilities 2021: $68,078Net Assets 2021: $179,1732021Assets 2022: $257,651Liabilities 2022: $67,728Net Assets 2022: $189,9232022Assets 2023: $253,272Liabilities 2023: $67,728Net Assets 2023: $185,5442023

Highlighted filing

2017

Assets$226,370
Liabilities$65,028
Net Assets$161,342
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30K$20K$10K$0-$10KRevenue 2010: $303Expenses 2010: $1,600Net Income 2010: -$1,2972010Revenue 2012: $178Expenses 2012: $2,375Net Income 2012: -$2,1972012Revenue 2013: $173Expenses 2013: $1,600Net Income 2013: -$1,4272013Revenue 2014: $21Expenses 2014: $1,750Net Income 2014: -$1,7292014Revenue 2015: $6,960Expenses 2015: $6,548Net Income 2015: $4122015Revenue 2016: -$1,768Expenses 2016: $8,231Net Income 2016: -$9,9992016Revenue 2017: $4,433Expenses 2017: $4,534Net Income 2017: -$1012017Revenue 2018: $8,563Expenses 2018: $5,039Net Income 2018: $3,5242018Revenue 2019: $13,720Expenses 2019: $5,427Net Income 2019: $8,2932019Revenue 2020: $3,487Expenses 2020: $5,970Net Income 2020: -$2,4832020Revenue 2021: $16,996Expenses 2021: $8,499Net Income 2021: $8,4972021Revenue 2022: $20,740Expenses 2022: $9,990Net Income 2022: $10,7502022Revenue 2023: $11,058Expenses 2023: $15,437Net Income 2023: -$4,3792023

Highlighted filing

2017

Revenue$4,433
Expenses$4,534
Net Income-$101
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$81,842
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

DescriptionGrantsExpenses
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, 2017.$0$0
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANN PIERCEPresident-$0--
NANCY STREIMTreasurer-$0--
VICTORIA MASON-AILEYDirector-$0--
MARC GARYDirector-$0--
DANIEL O'REILLYDirector-$0--
MARIAN SCOTTDirector-$0--
BRENT DICKMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Remedco Foundation Inc
EIN
23-7152841
Phone
2123168440
Address
90 MORNINGSIDE DRIVE SUITE 1A, NEW YORK, NY 10027

Signing Officer

Name
Diann Pierce
Title
President
Phone
2123168440
Signed
2018-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Gettry Marcus CPA Pc
Address
88 FROEHLICH FARM BLVD 3RD FLOOR, WOODBURY, NY 11797
Preparer
Joel Dressnercpa
Phone
5163643390
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: dividend income. Amount: 5,581. Description: interest income. Amount: 44. Total included on form 990-ez, line 4: 5,625.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: nys filing fee. Amount: 50. Description: investment fees and bank charges. Amount: 2,684. Total to form 990-ez, line 16: 2,734.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: investment in securities. Beg. Of year amount: 197,430. End of year amount: 198,213.”

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: 3,600. End of year amount: 1,850.”

Raw XML Appendix148 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum02123168440
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010027
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DIANN PIERCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NANCY STREIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2VICTORIA MASON-AILEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARC GARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DANIEL O'REILLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MARIAN SCOTT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6BRENT DICKMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0197430
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02734
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0REMEDCO FOUNDATION INC. WAS ORGANIZED TO PROMOTE THE GENERAL WELFARE AND REHABLITATION AND REDEVELOPMENT OF THE MORNINGSIDE HEIGHTS SECTION OF NEW YORK CITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONTRIBUTION TO THE GENERAL FUND - MORNINGSIDE AREA ALLIANCE INC.(PUBLIC CHARITY). THERE WERE NO CONTRIBUTIONS MADE TO THIS CHARITY FOR THE YEAR ENDED JUNE 30, 2017.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SaleOfAssetsGrossAmt076217
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TotalExpensesAmt04534
IRS990EZ/TotalRevenueAmt04433
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DIVIDEND INCOME. AMOUNT: 5,581. DESCRIPTION: INTEREST INCOME. AMOUNT: 44. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 5,625.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: NYS FILING FEE. AMOUNT: 50. DESCRIPTION: INVESTMENT FEES AND BANK CHARGES. AMOUNT: 2,684. TOTAL TO FORM 990-EZ, LINE 16: 2,734.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVESTMENT IN SECURITIES. BEG. OF YEAR AMOUNT: 197,430. END OF YEAR AMOUNT: 198,213.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: SUBORDINATED DEBENTURES. BEG. OF YEAR AMOUNT: 63,178. END OF YEAR AMOUNT: 63,178. DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 3,600. END OF YEAR AMOUNT: 1,850.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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.
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REMEDCO FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O MORNINGSIDE AREA ALLIANCE
ReturnHeader/Filer/BusinessNameControlTxt0REME
ReturnHeader/Filer/EIN0237152841
ReturnHeader/Filer/PhoneNum02123168440
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:19:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133418879
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GETTRY MARCUS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt088 FROEHLICH FARM BLVD 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011797
ReturnHeader/PreparerPersonGrp/PhoneNum05163643390
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEL DRESSNERCPA
ReturnHeader/ReturnTs02018-05-15T12:35:46-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$226,370
Liabilities
$65,028
Net assets
$161,342
Revenue
$4,433
Expenses
$4,534
Net income
-$101
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.68$1.86$0.11$0.15$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.58$0.68$1.90$0.21$0.10$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.47$0.68$1.79$0.17$0.08$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.38$0.68$1.71$0.03$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.38$0.65$1.73$0.14$0.05$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.32$0.67$1.65$0.09$0.05$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.26$0.65$1.61$0.04$0.05$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.67$1.61$0.02$0.08$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.37$0.66$1.71$0.07$0.07$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.38$0.67$1.71$0.00$0.02$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.65$1.73$0.00$0.02$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.65$1.74$0.00$0.02$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.65$1.77$0.00$0.02$0.01