Civic Intelligence

Grow Brooklyn Inc

EIN 26-1410513 • 501(c)3 • Brooklyn, NY

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Profile

Grow brooklyn is a brooklyn based non-profit organization whose mission is to enable members of its community to preserve and grow their assets, thereby securing their economic future.

509 Rogers AvenueBrooklyn, NY 11225

www.growbrooklyn.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.61x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.78x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

2.4%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

44%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

49th percentile

6.5%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$1,915,145

Down $304,652 (-14%) from 2023

Liabilities

Down

$1,173,480

Down $283,871 (-19%) from 2023

Net Assets

Down

$741,665

Down $20,781 (-2.7%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin46th percentile

Revenue

Down

$1,500,978

Down $15,349 (-1.0%) from 2023

Expenses

Up

$1,464,570

Up $129,866 (+9.7%) from 2023

Net Income

Down

$36,408

Down $145,215 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $188,630Liabilities 2012: $25,975Net Assets 2012: $162,6552012Assets 2013: $169,314Liabilities 2013: $0Net Assets 2013: $169,3142013Assets 2016: $45,741Liabilities 2016: $3,750Net Assets 2016: $41,9912016Assets 2017: $61,838Liabilities 2017: $0Net Assets 2017: $61,8382017Assets 2019: $175,296Liabilities 2019: $0Net Assets 2019: $175,2962019Assets 2020: $494,116Liabilities 2020: $232,947Net Assets 2020: $261,1692020Assets 2021: $930,864Liabilities 2021: $545,000Net Assets 2021: $385,8642021Assets 2022: $920,156Liabilities 2022: $389,091Net Assets 2022: $531,0652022Assets 2023: $2,219,797Liabilities 2023: $1,457,351Net Assets 2023: $762,4462023Assets 2024: $1,915,145Liabilities 2024: $1,173,480Net Assets 2024: $741,6652024

Highlighted filing

2024

Assets$1,915,145
Liabilities$1,173,480
Net Assets$741,665
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $227,1732012Revenue 2013: $361,055Expenses 2013: $354,396Net Income 2013: $6,6592013Revenue 2016: $379,694Expenses 2016: $580,486Net Income 2016: -$200,7922016Revenue 2017: $723,387Expenses 2017: $703,540Net Income 2017: $19,8472017Revenue 2019: $867,741Expenses 2019: $847,856Net Income 2019: $19,8852019Revenue 2020: $1,123,412Expenses 2020: $1,037,539Net Income 2020: $85,8732020Revenue 2021: $1,128,015Expenses 2021: $1,003,320Net Income 2021: $124,6952021Revenue 2022: $1,322,701Expenses 2022: $1,177,500Net Income 2022: $145,2012022Revenue 2023: $1,516,327Expenses 2023: $1,334,704Net Income 2023: $181,6232023Revenue 2024: $1,500,978Expenses 2024: $1,464,570Net Income 2024: $36,4082024

Highlighted filing

2024

Revenue$1,500,978
Expenses$1,464,570
Net Income$36,408
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,915,145
Liabilities
$1,173,480
Net assets
$741,665
Revenue
$1,500,978
Expenses
$1,464,570
Net income
$36,408
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$1.17$0.74$1.50$1.46$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$1.46$0.76$1.52$1.33$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.39$0.53$1.32$1.18$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.55$0.39$1.13$1.00$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.23$0.26$1.12$1.04$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.87$0.85$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.72$0.70$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.04$0.38$0.58$0.20
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.00$0.17$0.36$0.35$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.03$0.16$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,500,978
Mission and Program Overview

Mission

Grow brooklyn is a brooklyn based non-profit organization whose mission is to enable members of its community to preserve and grow their assets, thereby securing their economic future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,911,673$1,479,558▼ $432,115
Cash and Non-Interest-Bearing Accounts$302,012$434,929▲ $132,917
Land, Buildings, and Equipment, Net$3,060$0▼ $3,060
Savings and Temporary Cash Investments-$658-
Accounts Receivable-$0-
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,216,745$1,915,145▼ $301,600
Other Assets Total-$0-
Liabilities
Grants Payable$1,419,416$1,161,408▼ $258,008
Other Liabilities$80,000--
Accounts Payable and Accrued Expenses$12,072$12,072→ $0
Total Liabilities$1,511,488$1,173,480▼ $338,008
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$705,257$741,665▲ $36,408
Total Net Assets Fund Balance$705,257$741,665▲ $36,408
Total Liabilities and Net Assets / Fund Balance$2,216,745$1,915,145▼ $301,600

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$20,252$20,252
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles HarrisDirector of LegalFT$101,669$2,000$103,669
Makeela BrathwaiteExecutive DirectorFT$85,172$6,800$91,972

Board Members and Trustees

NameTitle
Aissatou BarryChairman
Samira RajanBoard Member
Seth NarineBoard Member
Nnenne OkaraforSecretary
Darren LiddellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,498,575
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$2,400
All Other Contributions
$5,693
Change in Net Assets
$36,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,500,978
Total Revenue per Audited Statements
$1,500,978
Total Revenue per Form 990
$1,500,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,202,804
Other Expenses$261,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$980,678$3,826-$984,504
Current Officers, Directors, Trustees, and Key Employees$91,409$10,156-$101,565
Occupancy$79,425$12,429-$91,854
Payroll Taxes$84,280$6,499-$90,779
Insurance$14,812$7,145-$21,957
Other Employee Benefits$18,143$1,186-$19,329
Fees for Services Accounting-$18,150-$18,150
Advertising$13,973$502-$14,475
Other Expenses$11,771$704-$12,475
Information Technology$11,700--$11,700
Fees for Services Other$8,399$2,399-$10,798
Pension Plan Contributions$6,153$474-$6,627
Depreciation Depletion-$3,060-$3,060
Travel$1,511--$1,511
Total Functional Expenses$1,374,565$90,005$0$1,464,570

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,464,570
Total Expenses per Audited Statements$1,464,570
Total Expenses per Form 990$1,464,570
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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-
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
No
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, Section A, Line 6

“Members are comprised solely of the directors of brooklyn cooperative federal credit union.”

Form 990, Part VI, Section B, Line 11B

“A draft of form 990 is provided to all directors. Any and all questions were addressed and thereafter, the return was filed.”

Form 990, Part VI, Section B, Line 12C

“All key employees, directors and officers provide an update to the organization for any potential conflicts which are reviewed by and discussed with the board to determine if any actual conflicts exist.”

Form 990, Part VI, Section C, Line 18

“Federal forms 990 and 1023, as well as other relevant organization information are available by request from guidestar.”

Form 990, Part VI, Section C, Line 19

“Federal forms 990 and 1023, as well as other relevant organization information are available by request from guidestar.”

Filing and Contact Details

Filer

Filer Name
Grow Brooklyn Inc
EIN
26-1410513
Phone
7184188232
Address
509 Rogers Avenue, Brooklyn, NY 11225

Signing Officer

Name
Makeela Brathwaite
Title
Executive Director
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Makeela Brathwaite
Formed
2007
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
72
Volunteers
100

Preparer

Firm
Ncheng Llp Certified Public Accountants
Address
40 WALL ST 32ND FL, NEW YORK, NY 10005
Preparer
Nina Bahazhevska
Phone
2127850100
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization has analyzed tax positions taken for filing with the internal revenue service and state jurisdictions where it operates. The organization does not anticipate any significant uncertain tax positions that would require recognition in the financial statements. Periods ending september 30, 2021 and subsequent remain subject to examination by the taxing authorities.”

Raw XML AppendixShowing 400 of 492 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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IRS990/Desc0GROW BROOKLYN HAS PARTNERED WITH THE IRS FOR THE PAST 12 YEARS TO PROVIDE HIGH-QUALITY, FREE TAX PREPARATION SERVICES TO LOW-INCOME INDIVIDUALS. AS ONE OF THE TOP 50 VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROVIDERS IN THE COUNTRY, GROW BROOKLYN IS THE LARGEST NON-COMMERCIAL TAX PREPARER IN BROOKLYN. EACH YEAR, WE PREPARE OVER 8,000 TAX RETURNS, WITH APPROXIMATELY ONE-THIRD OF THESE RETURNS CLAIMING THE EARNED INCOME CREDIT (EIC), DIRECTLY BENEFITING FAMILIES IN NEED. ADDITIONALLY, ONE-QUARTER OF OUR TAX CLIENTS ARE ELIGIBLE FOR AND RECEIVE THE CHILD TAX CREDIT (CTC), PROVIDING CRUCIAL SUPPORT TO WORKING FAMILIES. WE ARE ALSO DEEPLY COMMITTED TO SERVING SELF-EMPLOYED INDIVIDUALS, THROUGH THE IRS SE PILOT AND THE NYS DEPARTMENT OF CONSUMER & WORKER PROTECTIONS SELF-EMPLOYMENT TAX PREP SERVICES, WHICH SERVES APPROXIMATELY 500 CLIENTS ANNUALLY, MANY OF WHOM ARE ITIN HOLDERS. OUR COMMITMENT TO FINANCIAL EMPOWERMENT EXTENDS BEYOND TAX SEASON, AS WE OFFER YEAR-ROUND SUPPORT AND RESOURCES TO HELP INDIVIDUALS MAXIMIZE THEIR REFUNDS, IMPROVE FINANCIAL LITERACY, AND ACCESS ADDITIONAL PUBLIC BENEFITS. THROUGH THESE EFFORTS, GROW BROOKLYN PLAYS A VITAL ROLE IN HELPING TO LIFT THOUSANDS OF NEW YORKERS OUT OF POVERTY AND INTO FINANCIAL STABILITY.
IRS990/DescribedInSection501c3Ind0true
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
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IRS990/MissionDesc0GROW BROOKLYN IS A BROOKLYN BASED NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENABLE MEMBERS OF ITS COMMUNITY TO PRESERVE AND GROW THEIR ASSETS, THEREBY SECURING THEIR ECONOMIC FUTURE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0GROW BROOKLYN PROVIDES FREE LEGAL SERVICES TO SUPPORT HOUSING STABILITY IN NEW YORK CITY'S MOST IMPACTED NEIGHBORHOODS. OUR COMPREHENSIVE FORECLOSURE PREVENTION COUNSELING AND ESTATE PLANNING SERVICES ARE DESIGNED TO ADDRESS THE UNIQUE CHALLENGES FACED BY THESE COMMUNITIES. EACH YEAR, OUR FORECLOSURE PREVENTION PROGRAM ASSISTS APPROXIMATELY 300 HOMEOWNERS, HELPING MANY TO SUCCESSFULLY MODIFY THEIR MORTGAGES AND REMAIN IN THEIR HOMES. RECOGNIZING THAT 1015% OF OUR CLIENTS FACING FORECLOSURE ALSO CONTEND WITH ESTATE ISSUES, GROW BROOKLYN OFFERS A TARGETED ESTATE PLANNING PROGRAM CALLED "PROTECT YOUR TREASURE". THIS INITIATIVE EMPOWERS INDIVIDUALS AND FAMILIES IN LOW-INCOME COMMUNITIES TO PRESERVE THEIR FINANCIAL ASSETS, INCLUDING THEIR HOMES, BY PROVIDING ESTATE PLANNING, ESTATE ADMINISTRATION ADVICE, AND LIMITED LEGAL SERVICES IN CONJUNCTION WITH OUR FORECLOSURE PREVENTION EFFORTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Grow Brooklyn conducts targeted outreach across New York City to connect low- and moderate-income homeowners with free housing stability services. Through in-person and virtual events, the organization reaches approximately 2,000 individuals annually, raising awareness and providing direct access to foreclosure prevention, estate planning, property tax and water lien support, scam prevention, repair assistance, and resiliency resources. Outreach efforts prioritize communities at high risk of displacement and focus on education, early intervention, and trusted guidance to help New Yorkers preserve homeownership and generational wealth
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PERIODS ENDING SEPTEMBER 30, 2021 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Samira Rajan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Board Member
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE COMPRISED SOLELY OF THE DIRECTORS OF BROOKLYN COOPERATIVE FEDERAL CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF FORM 990 IS PROVIDED TO ALL DIRECTORS. ANY AND ALL QUESTIONS WERE ADDRESSED AND THEREAFTER, THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL KEY EMPLOYEES, DIRECTORS AND OFFICERS PROVIDE AN UPDATE TO THE ORGANIZATION FOR ANY POTENTIAL CONFLICTS WHICH ARE REVIEWED BY AND DISCUSSED WITH THE BOARD TO DETERMINE IF ANY ACTUAL CONFLICTS EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FEDERAL FORMS 990 AND 1023, AS WELL AS OTHER RELEVANT ORGANIZATION INFORMATION ARE AVAILABLE BY REQUEST FROM GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEDERAL FORMS 990 AND 1023, AS WELL AS OTHER RELEVANT ORGANIZATION INFORMATION ARE AVAILABLE BY REQUEST FROM GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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