Civic Intelligence

Remedco Foundation Inc C/O Morningside Area Alliance

990EZ • Fiscal year 2018 • EIN 23-7152841

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

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.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

7.80x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

92nd percentile

41%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

53rd percentile

2.4%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

93%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$231,694

Up $5,324 (+2.4%) from 2017

Net Assets

Up

$164,866

Up $3,524 (+2.2%) from 2017

Liabilities

Up

$66,828

Up $1,800 (+2.8%) from 2017

Revenue

Up

$8,563

Up $4,130 (+93%) from 2017

Expenses

Up

$5,039

Up $505 (+11%) from 2017

Net Income

Up

$3,524

Up $3,625 (+3589%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$231,694
Liabilities$66,828
Net Assets$164,866

Operations Trend

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

2018

Revenue$8,563
Expenses$5,039
Net Income$3,524
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$68,304
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, 2018.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NANCY STREIMVice President-$0--
VICTORIA MASON-AILEYDirector-$0--
MARC GARYDirector-$0--
DANIEL O'REILLYDirector-$0--
MARIAN SCOTTDirector-$0--
BRENT DICKMANDirector-$0--
VINCENT MELITODirector-$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
Nancy Streim
Title
Vice President
Phone
2123168440
Signed
2019-05-10
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: 12,473. Description: interest income. Amount: 23. Total included on form 990-ez, line 4: 12,496.

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

Description: nys filing fee. Amount: 50. Description: investment fees and bank charges. Amount: 3,189. Total to form 990-ez, line 16: 3,239.

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

Description: investment in securities. Beg. Of year amount: 198,213. End of year amount: 203,779.

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: 1,850. End of year amount: 3,650.

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
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt090 MORNINGSIDE DRIVE SUITE 1A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010027
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NANCY STREIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VICTORIA MASON-AILEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARC GARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DANIEL O'REILLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARIAN SCOTT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5BRENT DICKMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6VINCENT MELITO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
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/BOYAmt0198213
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0203779
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt03239
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, 2018.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TotalRevenueAmt08563
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DIVIDEND INCOME. AMOUNT: 12,473. DESCRIPTION: INTEREST INCOME. AMOUNT: 23. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 12,496.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: NYS FILING FEE. AMOUNT: 50. DESCRIPTION: INVESTMENT FEES AND BANK CHARGES. AMOUNT: 3,189. TOTAL TO FORM 990-EZ, LINE 16: 3,239.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVESTMENT IN SECURITIES. BEG. OF YEAR AMOUNT: 198,213. END OF YEAR AMOUNT: 203,779.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: SUBORDINATED DEBENTURES. BEG. OF YEAR AMOUNT: 63,178. END OF YEAR AMOUNT: 63,178. DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 1,850. END OF YEAR AMOUNT: 3,650.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
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.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY STREIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02123168440
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REMEDCO FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O MORNINGSIDE AREA ALLIANCE
ReturnHeader/Filer/BusinessNameControlTxt0REME
ReturnHeader/Filer/EIN0237152841
ReturnHeader/Filer/PhoneNum02123168440
ReturnHeader/Filer/USAddress/AddressLine1Txt090 MORNINGSIDE DRIVE SUITE 1A
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ReturnHeader/FilingSecurityInformation/IPDt02019-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:46:56
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
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ReturnHeader/PreparerPersonGrp/PhoneNum05163643390
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEL DRESSNERCPA
ReturnHeader/ReturnTs02019-05-13T14:07:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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