Civic Intelligence

Masbia of Boro Park

EIN 26-3851559 • 501(c)3 • Brooklyn, NY

Profile

The masbia soup kitchen network provides emergency food free of charge to people in need due to financial status or because of natural disasters via ready-to-eat nutrious meals and raw groceries.

Pob 191181Brooklyn, NY 11219

www.masbiaboropark.org

Siviq Scores

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

Liabilities / Assets

97th percentile

2.96x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE K • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.17x

Higher debt load relative to revenue than 76% of similar nonprofits.

NTEE K • $1M-$5M nonprofits • Source year 2024

Net Margin

39th percentile

1.5%

Higher net margin than 39% of similar nonprofits.

NTEE K • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

NTEE K • $1M-$5M nonprofits • Source year 2024

Asset Growth

35th percentile

2.4%

Faster asset growth than 35% of similar nonprofits.

NTEE K • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

NTEE K • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$157,279

Up $3,688 (+2.4%) from 2023

Liabilities

Down

$466,028

Down $35,824 (-7.1%) from 2023

Net Assets

Up

-$308,749

Up $39,512 (+11%) from 2023

Revenue

Down

$2,710,398

Down $1,359,842 (-33%) from 2023

Expenses

Down

$2,670,886

Down $1,431,880 (-35%) from 2023

Net Income

Up

$39,512

Up $72,038 (+221%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $328Liabilities 2012: $19,307Net Assets 2012: -$18,9792012Assets 2013: $1,344Liabilities 2013: $32,219Net Assets 2013: -$30,8752013Assets 2014: $29,669Liabilities 2014: $35,930Net Assets 2014: -$6,2612014Assets 2015: $21,296Liabilities 2015: $50,799Net Assets 2015: -$29,5032015Assets 2016: $88,146Liabilities 2016: $68,683Net Assets 2016: $19,4632016Assets 2017: $161,022Liabilities 2017: $104,717Net Assets 2017: $56,3052017Assets 2018: $155,485Liabilities 2018: $76,857Net Assets 2018: $78,6282018Assets 2019: $138,517Liabilities 2019: $91,701Net Assets 2019: $46,8162019Assets 2020: $218,927Liabilities 2020: $340,694Net Assets 2020: -$121,7672020Assets 2021: $120,168Liabilities 2021: $187,954Net Assets 2021: -$67,7862021Assets 2022: $108,585Liabilities 2022: $424,320Net Assets 2022: -$315,7352022Assets 2023: $153,591Liabilities 2023: $501,852Net Assets 2023: -$348,2612023Assets 2024: $157,279Liabilities 2024: $466,028Net Assets 2024: -$308,7492024

Highlighted filing

2024

Assets$157,279
Liabilities$466,028
Net Assets-$308,749

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $293,4602012Expenses 2013: $346,3392013Revenue 2014: $532,711Expenses 2014: $508,097Net Income 2014: $24,6142014Revenue 2015: $393,260Expenses 2015: $416,502Net Income 2015: -$23,2422015Revenue 2016: $373,197Expenses 2016: $321,677Net Income 2016: $51,5202016Revenue 2017: $442,561Expenses 2017: $405,719Net Income 2017: $36,8422017Revenue 2018: $1,002,860Expenses 2018: $986,037Net Income 2018: $16,8232018Revenue 2019: $964,267Expenses 2019: $998,948Net Income 2019: -$34,6812019Revenue 2020: $2,313,760Expenses 2020: $2,482,343Net Income 2020: -$168,5832020Revenue 2021: $5,070,269Expenses 2021: $5,016,288Net Income 2021: $53,9812021Revenue 2022: $7,076,358Expenses 2022: $7,324,307Net Income 2022: -$247,9492022Revenue 2023: $4,070,240Expenses 2023: $4,102,766Net Income 2023: -$32,5262023Revenue 2024: $2,710,398Expenses 2024: $2,670,886Net Income 2024: $39,5122024

Highlighted filing

2024

Revenue$2,710,398
Expenses$2,670,886
Net Income$39,512

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 27, 2024
Return Version
2023v6.0
Gross Receipts
$2,710,398
Mission and Program Overview

Mission

To operate a kitchen to serve free meals, to provide relief to the needy, poor, distressed, and underprivileged members of the community.

The masbia soup kitchen network provides emergency food free of charge to people in need due to financial status or because of natural disasters via ready-to-eat nutrious meals and raw groceries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$93,515$82,293▼ $11,222
Pledges and Grants Receivable$58,000$72,500▲ $14,500
Cash and Non-Interest-Bearing Accounts$2,076$2,486▲ $410
Total Assets$153,591$157,279▲ $3,688
Liabilities
Accounts Payable and Accrued Expenses$476,968$447,444▼ $29,524
Other Liabilities$24,884$18,584▼ $6,300
Total Liabilities$501,852$466,028▼ $35,824
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-348,261$-308,749▲ $39,512
Total Net Assets Fund Balance$-348,261$-308,749▲ $39,512
Total Liabilities and Net Assets / Fund Balance$153,591$157,279▲ $3,688

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$82,293$86,034$168,327
Equipment-$2,480$2,480
Other Land Buildings-$1,498$1,498
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,709,058
Program Service Revenue
$0
Investment Income
$1,340
Other Revenue
$0
All Other Contributions
$1,595,498
Change in Net Assets
$39,512

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory8$1,496,944Market Value
Other Non Cash Contri Table1$369,741Cost
Total Noncash Contributions9$1,866,685-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,415,698
Salaries, Compensation, and Employee Benefits$255,188
Total Fundraising Expense$107,263
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$92,435$184,871$92,435$369,741
Occupancy$240,242--$240,242
Other Salaries and Wages$235,386--$235,386
Other Expenses$23,597$20,555-$23,597
All Other Expenses$6,570-$14,828$21,398
Payroll Taxes$19,802--$19,802
Insurance$3,037$12,150-$15,187
Advertising$12,035--$12,035
Depreciation Depletion$11,222--$11,222
Fees for Services Accounting-$11,200-$11,200
Office Expenses$1,448$4,597-$6,045
Total Functional Expenses$2,330,250$233,373$107,263$2,670,886
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Outstanding Checks$10,301
Payroll Liabilities Payable$8,283
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Page 6, Part VI, Line 11B

The return is reviewed by the directors who approve the return and sends it to the accountant to file.

Form 990, Page 6, Part VI, Line 12C

The policy is reviewed at the annual meeting. The policy covers all directors. The directors prohibit any director voting should he have a substantial conflict of interest.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents disclosure explanation documents, conflict of interest policy available for public inspection upon request.

Form 990, Part VIII

Line 1f - this amount includes funds and/or prepared food received from masbia, an unrelated organization. Masbia also provides administrative as well as ancillary services. Since the complexity of valuing, recording, and reporting such transactions would be prohibitive with no advantage to the organization nor the public, no such endeavors have been undertaken.

Filing and Contact Details

Filer

Filer Name
Masbia of Boro Park
EIN
26-3851559
Phone
7189724446
Address
POB 191181, BROOKLYN, NY 11219

Signing Officer

Name
Alexander Rapaport
Title
Executive Director
Phone
7189724446
Signed
2024-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexander Rapaport
Formed
2008
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
11
Volunteers
1,000

Preparer

Firm
Jacob Glick & Associates Llp
Address
3611 14TH AVE STE 613, BROOKLYN, NY 11218-3750
Preparer
Jacob Glick
Phone
7189720187
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers assist our organization by preping the kitchen, bussing tables, waitering service, dishwashing, cleaning, maitre d', clerical work, fundraising, among the many activites the volunteers help our organization. Many volunteers are part time and/or one time volunteering jobs.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OUTSTANDING CHECKS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt082293
IRS990ScheduleD/TotalLiabilityAmt018584
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt08
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0MARKET VALUE
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt01496944
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0ADMIN. SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0369741
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ASSIST OUR ORGANIZATION BY PREPING THE KITCHEN, BUSSING TABLES, WAITERING SERVICE, DISHWASHING, CLEANING, MAITRE D', CLERICAL WORK, FUNDRAISING, AMONG THE MANY ACTIVITES THE VOLUNTEERS HELP OUR ORGANIZATION. MANY VOLUNTEERS ARE PART TIME AND/OR ONE TIME VOLUNTEERING JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIEWED BY THE DIRECTORS WHO APPROVE THE RETURN AND SENDS IT TO THE ACCOUNTANT TO FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS REVIEWED AT THE ANNUAL MEETING. THE POLICY COVERS ALL DIRECTORS. THE DIRECTORS PROHIBIT ANY DIRECTOR VOTING SHOULD HE HAVE A SUBSTANTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS DISCLOSURE EXPLANATION DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 1F - THIS AMOUNT INCLUDES FUNDS AND/OR PREPARED FOOD RECEIVED FROM MASBIA, AN UNRELATED ORGANIZATION. MASBIA ALSO PROVIDES ADMINISTRATIVE AS WELL AS ANCILLARY SERVICES. SINCE THE COMPLEXITY OF VALUING, RECORDING, AND REPORTING SUCH TRANSACTIONS WOULD BE PROHIBITIVE WITH NO ADVANTAGE TO THE ORGANIZATION NOR THE PUBLIC, NO SUCH ENDEAVORS HAVE BEEN UNDERTAKEN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VIII
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0153591
IRS990/TotalAssetsEOYAmt0157279
IRS990/TotalAssetsGrp/BOYAmt0153591
IRS990/TotalAssetsGrp/EOYAmt0157279
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02709058
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0107263
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0233373
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02330250
IRS990/TotalFunctionalExpensesGrp/TotalAmt02670886
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0501852
IRS990/TotalLiabilitiesEOYAmt0466028
IRS990/TotalLiabilitiesGrp/BOYAmt0501852
IRS990/TotalLiabilitiesGrp/EOYAmt0466028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-348261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-308749
IRS990/TotalProgramServiceExpensesAmt02330250
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01340
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02710398
IRS990/TotalVolunteersCnt01000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0153591
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0157279
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 191181
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011219
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MASBIABOROPARK.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEXANDER RAPAPORT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07189724446
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASBIA OF BORO PARK
ReturnHeader/Filer/BusinessNameControlTxt0MASB
ReturnHeader/Filer/EIN0263851559
ReturnHeader/Filer/PhoneNum07189724446
ReturnHeader/Filer/USAddress/AddressLine1Txt0POB 191181
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011219
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464396357
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JACOB GLICK & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03611 14TH AVE STE 613
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0112183750
ReturnHeader/PreparerPersonGrp/PhoneNum07189720187
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACOB GLICK
ReturnHeader/ReturnTs02025-06-12T14:51:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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