Civic Intelligence

Newco Alp Inc.

990 • Fiscal year 2014 • EIN 27-0215997

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

2201 Hempstead TurnpikeEast Meadow, NY 11554

(516) 564-1000

Siviq Scores

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

Liabilities / Assets

98th percentile

2.37x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

48th percentile

2.11x

Higher debt load relative to revenue than 48% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Net Margin

4th percentile

-122%

Higher net margin than 4% of similar nonprofits.

2014 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$2,274,435

No earlier filing loaded for comparison.

Net Assets

-$3,127,172

No earlier filing loaded for comparison.

Liabilities

$5,401,607

No earlier filing loaded for comparison.

Revenue

$2,555,057

No earlier filing loaded for comparison.

Expenses

$5,682,229

No earlier filing loaded for comparison.

Net Income

-$3,127,172

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2014: $2,274,435Liabilities 2014: $5,401,607Net Assets 2014: -$3,127,1722014Assets 2015: $2,971,518Liabilities 2015: $4,750,627Net Assets 2015: -$1,779,1092015Assets 2016: $2,308,102Liabilities 2016: $3,147,498Net Assets 2016: -$839,3962016Assets 2017: $1,879,940Liabilities 2017: $2,271,550Net Assets 2017: -$391,6102017Assets 2018: $1,940,582Liabilities 2018: $1,876,005Net Assets 2018: $64,5772018Assets 2019: $2,205,622Liabilities 2019: $1,740,570Net Assets 2019: $465,0522019Assets 2020: $1,905,315Liabilities 2020: $3,534,584Net Assets 2020: -$1,629,2692020Assets 2021: $4,204,794Liabilities 2021: $2,053,011Net Assets 2021: $2,151,7832021Assets 2022: $80,679,590Liabilities 2022: $80,877,354Net Assets 2022: -$197,7642022Assets 2023: $72,177,660Liabilities 2023: $73,251,718Net Assets 2023: -$1,074,0582023Assets 2024: $6,038,621Liabilities 2024: $7,225,958Net Assets 2024: -$1,187,3372024

Highlighted filing

2014

Assets$2,274,435
Liabilities$5,401,607
Net Assets-$3,127,172

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $2,555,057Expenses 2014: $5,682,229Net Income 2014: -$3,127,1722014Revenue 2015: $12,273,181Expenses 2015: $10,925,118Net Income 2015: $1,348,0632015Revenue 2016: $12,889,569Expenses 2016: $11,949,856Net Income 2016: $939,7132016Revenue 2017: $12,668,857Expenses 2017: $12,221,071Net Income 2017: $447,7862017Revenue 2018: $13,076,860Expenses 2018: $12,620,673Net Income 2018: $456,1872018Revenue 2019: $13,137,350Expenses 2019: $12,736,875Net Income 2019: $400,4752019Revenue 2020: $10,817,896Expenses 2020: $12,912,217Net Income 2020: -$2,094,3212020Revenue 2021: $15,490,393Expenses 2021: $11,709,341Net Income 2021: $3,781,0522021Revenue 2022: $11,283,123Expenses 2022: $13,303,422Net Income 2022: -$2,020,2992022Revenue 2023: $12,309,457Expenses 2023: $13,185,751Net Income 2023: -$876,2942023Revenue 2024: $14,884,758Expenses 2024: $14,998,037Net Income 2024: -$113,2792024

Highlighted filing

2014

Revenue$2,555,057
Expenses$5,682,229
Net Income-$3,127,172
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$2,555,057
Mission and Program Overview

Mission

To provide exceptional health care and quality of life through innovative programs to those we serve within our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$1,251,702-
Intangible Assets-$621,912-
Land, Buildings, and Equipment, Net-$271,316-
Prepaid Expenses and Deferred Charges-$28,746-
Cash and Non-Interest-Bearing Accounts-$10,059-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Inventories for Sale or Use-$0-
Total Assets$0$2,274,435▲ $2,274,435
Other Assets Total-$90,700-
Liabilities
Unsecured Notes Loans Payable-$4,148,715-
Other Liabilities-$761,526-
Accounts Payable and Accrued Expenses-$491,366-
Total Liabilities$0$5,401,607▲ $5,401,607
Net Assets / Fund Balance
Unrestricted Net Assets-$-3,127,172-
Total Net Assets Fund Balance$0$-3,127,172▼ $3,127,172
Total Liabilities and Net Assets / Fund Balance$0$2,274,435▲ $2,274,435

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$232,507$12,237$244,744
Other Land Buildings$38,809$4,312$43,121
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Budget Services INCPayroll Services129 SOUTH 8TH STREET, Brooklyn, NY 11211$294,024
Intrepid Consulting Assoc CorpConsulting Services1120 40th Street, Brooklyn, NY 11218$116,640
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,497,257
Investment Income
$64
Other Revenue
$57,736
Change in Net Assets
$-3,127,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,555,057
Total Revenue per Audited Statements
$2,555,057
Total Revenue per Form 990
$2,555,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,682,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,741,260$304,585-$3,045,845
Fees for Services Management$75,833$682,500-$758,333
All Other Expenses$354,919$152,771-$507,690
Other Expenses$140,967$15,663-$156,630
Depreciation Depletion$77,085$8,565-$85,650
Office Expenses-$79,907-$79,907
Insurance$52,994$5,888-$58,882
Interest$1,569$174-$1,743
Total Functional Expenses$4,203,013$1,479,216$0$5,682,229

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,682,229
Total Expenses per Audited Statements$5,682,229
Total Expenses per Form 990$5,682,229
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$758,333
Exchanges$3,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Under approval of the board, Newco ALP entered into a management contract with Hempstead Asset Acquisition, LLC, an unrelated management company.

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990s are prepared and available for review at a board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each year the officers and directors of Newco ALP are required to file a new conflict of interest form which is then reviewed by the audit committee.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Although Newco ALP does not have any employees or payroll, Newco will establish a compensation committee that will engage outside consultants to prepare salary comparisons, when applicable. The report, when applicable, will be submitted to the board of directors. The board will review and make a decision on salary levels for these positions.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Although Newco ALP does not have any employees or payroll, Newco will establish a compensation committee that will engage outside consultants to prepare salary comparisons, when applicable. The report, when applicable, will be submitted to the board of directors. The board will review and make a decision on salary levels for these positions.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Newco ALP makes its governing documents, conflict of interest policy and financial statements available to the purblic on request.

Filing and Contact Details

Filer

Filer Name
Newco Alp Inc
EIN
27-0215997
Address
2201 Hempstead Turnpike, East Meadow, NY 11554

Signing Officer

Name
Bruce Peckman
Title
President
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Martin Friedman CPA PC
Address
2600 Nostrand Ave, Brooklyn, NY 11210
Preparer
Martin Friedman
Phone
7183386900
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02497257
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3127172
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02497257
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt064
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt064
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02497258
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02497258
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt064
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt057736
IRS990ScheduleA/OtherIncome509Grp/TotalAmt057736
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt02497258
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02497258
IRS990ScheduleA/Total509Grp/TotalAmt02497258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02555058
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02555058
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt05682229
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0232507
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012237
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0244744
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038809
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04312
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt043121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1758333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Exchanges
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt02555057
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0271316
IRS990ScheduleD/TotalExpensesPerForm990Amt05682229
IRS990ScheduleD/TotalLiabilityAmt0761526
IRS990ScheduleD/TotalRevenuePerForm990Amt02555057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02555057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05682229
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Under approval of the board, Newco ALP entered into a management contract with Hempstead Asset Acquisition, LLC, an unrelated management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990s are prepared and available for review at a board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each year the officers and directors of Newco ALP are required to file a new conflict of interest form which is then reviewed by the audit committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Although Newco ALP does not have any employees or payroll, Newco will establish a compensation committee that will engage outside consultants to prepare salary comparisons, when applicable. The report, when applicable, will be submitted to the board of directors. The board will review and make a decision on salary levels for these positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Although Newco ALP does not have any employees or payroll, Newco will establish a compensation committee that will engage outside consultants to prepare salary comparisons, when applicable. The report, when applicable, will be submitted to the board of directors. The board will review and make a decision on salary levels for these positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Newco ALP makes its governing documents, conflict of interest policy and financial statements available to the purblic on request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt02274435
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt02274435
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01479216
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04203013
IRS990/TotalFunctionalExpensesGrp/TotalAmt05682229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt05401607
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt05401607
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3127172
IRS990/TotalProgramServiceExpensesAmt04203013
IRS990/TotalProgramServiceRevenueAmt02497257
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02555057
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02555057
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02274435
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3127172
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt04148715
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE PECKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWCO ALP INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWC
ReturnHeader/Filer/EIN0270215997
ReturnHeader/Filer/USAddress/AddressLine1Txt02201 Hempstead Turnpike
ReturnHeader/Filer/USAddress/CityNm0East Meadow
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011554
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Martin Friedman CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02600 Nostrand Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn

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