Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Remedco Foundation Inc C/O Morningside Area Alliance
990EZ • Fiscal year 2019 • EIN 23-7152841
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.27x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Balance Sheet
Assets
Up$238,387
Up $6,693 (+2.9%) from 2018
Net Assets
Up$173,159
Up $8,293 (+5.0%) from 2018
Liabilities
Down$65,228
Down $1,600 (-2.4%) from 2018
Revenue And Expenses
Revenue
Up$13,720
Up $5,157 (+60%) from 2018
Expenses
Up$5,427
Up $388 (+7.7%) from 2018
Net Income
Up$8,293
Up $4,769 (+135%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Jun 23, 2020
- Return Version
- 2018v3.2
- Gross Receipts
- $104,687
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, 2019. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| NANCY STREIM | Vice President | - | $0 | - | - |
| VICTORIA MASON-AILEY | Director | - | $0 | - | - |
| MARC GARY | Director | - | $0 | - | - |
| DANIEL O'REILLY | Director | - | $0 | - | - |
| MARIAN SCOTT | Director | - | $0 | - | - |
| BRENT DICKMAN | Director | - | $0 | - | - |
| VINCENT MELITO | Director | - | $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
- 2020-06-23
- 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: 8,144. Description: interest income. Amount: 54. Total included on form 990-ez, line 4: 8,198.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: other income. Amount: 3,800.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: investment fees and bank charges. Amount: 3,227.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: investment in securities. Beg. Of year amount: 203,779. End of year amount: 209,542.”
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: 3,650. End of year amount: 2,050.”
Raw XML Appendix151 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 | 2123168440 |
| 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 | 27915 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 28845 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 90967 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 8293 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2200 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 231694 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 238387 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 1722 |
| IRS990EZ/GrossReceiptsAmt | 0 | 104687 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 8198 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 164866 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 173159 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 164866 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 173159 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | NANCY STREIM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | VICTORIA MASON-AILEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MARC GARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DANIEL O'REILLY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MARIAN SCOTT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | BRENT DICKMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | VINCENT MELITO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 203779 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 209542 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3227 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 3800 |
| 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, 2019. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 92689 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 66828 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 65228 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 5427 |
| IRS990EZ/TotalRevenueAmt | 0 | 13720 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DIVIDEND INCOME. AMOUNT: 8,144. DESCRIPTION: INTEREST INCOME. AMOUNT: 54. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 8,198. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: OTHER INCOME. AMOUNT: 3,800. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INVESTMENT FEES AND BANK CHARGES. AMOUNT: 3,227. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: INVESTMENT IN SECURITIES. BEG. OF YEAR AMOUNT: 203,779. END OF YEAR AMOUNT: 209,542. |
| 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: 3,650. END OF YEAR AMOUNT: 2,050. |
| 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/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | NANCY STREIM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2123168440 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-06-23 |
| 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 | 2123168440 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 7DF8BAE0D44F74724350763587FBFBF6D2A18D2A |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 64.88.174.3 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-06-23 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 08:15:12 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 133418879 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GETTRY MARCUS CPA PC |
| 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 | 2020-06-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOEL DRESSNERCPA |
| ReturnHeader/ReturnTs | 0 | 2020-07-13T09:46:27-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-06-30 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $238,387
- Liabilities
- $65,228
- Net assets
- $173,159
- Revenue
- $13,720
- Expenses
- $5,427
- Net income
- $8,293