Civic Intelligence

Prospect Heights Neighborhood Development Council

EIN 41-2138050 • 501(c)3 • Brooklyn, NY

Pub. 78 Eligible990-N CoverageNTEE S30

Profile

To assess the needs and concerns of the prospect heights community in terms of housing, economic development, physical environment, safety and security and social services; to prepare or sponsor analysis of potential development in the prospect heights community, including the impact of such development on the existing conditions in prospect heights; to create and adopt policies, recommendations, and action plans with respect to such potential development intended to preserve and enhance the welfare of the prospect heights community.

284 Park PlaceBrooklyn, NY 11238

www.phndc.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.26x

Higher debt load relative to assets than 78% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.11x

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

NTEE S30 • <$500k nonprofits • Source year 2024

Net Margin

31st percentile

-3.7%

Higher net margin than 31% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

NTEE S30 • <$500k nonprofits • Source year 2024

Asset Growth

21st percentile

-38%

Faster asset growth than 21% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

-2.9%

Faster revenue growth than 50% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$74,538

Down $45,585 (-38%) from 2023

Liabilities

Down

$19,456

Down $10,246 (-34%) from 2023

Net Assets

Down

$83,580

Down $6,841 (-7.6%) from 2023

Revenue

Down

$182,599

Down $5,378 (-2.9%) from 2023

Expenses

Down

$189,440

Down $32,914 (-15%) from 2023

Net Income

Up

-$6,841

Up $27,536 (+80%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2022: $126,285Liabilities 2022: $1,487Net Assets 2022: $124,7982022Assets 2023: $120,123Liabilities 2023: $29,702Net Assets 2023: $90,4212023Assets 2024: $74,538Liabilities 2024: $19,456Net Assets 2024: $83,5802024

Highlighted filing

2024

Assets$74,538
Liabilities$19,456
Net Assets$83,580

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2022: $180,317Expenses 2022: $101,344Net Income 2022: $78,9732022Revenue 2023: $187,977Expenses 2023: $222,354Net Income 2023: -$34,3772023Revenue 2024: $182,599Expenses 2024: $189,440Net Income 2024: -$6,8412024

Highlighted filing

2024

Revenue$182,599
Expenses$189,440
Net Income-$6,841

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$182,599
Mission and Program Overview

Mission

To assess the needs and concerns of the prospect heights community in terms of housing, economic development, physical environment, safety and security and social services; to prepare or sponsor analysis of potential development in the prospect heights community, including the impact of such development on the existing conditions in prospect heights; to create and adopt policies, recommendations, and action plans with respect to such potential development intended to preserve and enhance the welfare of the prospect heights community.

See Schedule O

Program Services

DescriptionGrantsExpenses
PHNDC OPERATES THE VANDERBILT AVENUE OPEN STREET AS LOCAL PARTNER FOR NEW YORK CITY DEPARTMENT OF TRANSPORTATION THE OPEN STREET WAS IN OPERATION FOR 97 DAYS IN FISCAL 2023 IT PROVIDED ECONOMIC STIMULUS FOR OVER 20 RESTAURANTS AFFECTED BY THE COVID19 PANDEMIC AND NEARLY FOUR ACRES OF PUBLIC OPEN SPACE FOR ACTIVE AND PASSIVE RECREATION FOR LOCAL RESIDENTS AND VISITORS-$166,904
PHNDC SPONSORED HOLIDAY LIGHTS ON VANDERBILT AVENUE IN FISCAL 2023 AS AN ECONOMIC DEVELOPMENT INITIATIVE-$6,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE FLACKDirectorPT$0--
WAGAYE JOHANNESDirectorPT$0--
JASON SIMERALDirectorPT$0--
GILBERT VECONIChairPT$0--
SASKIA HAEGENSVice ChairPT$0--
RICHARD ROTH THRU JANTreasurerPT$0--
EMILY LIUSecretaryPT$0--
MARY SHUFORDDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Prospect Heights Neighborhood Development Council Inc
EIN
41-2138050
In Care Of
% Jason Simeral
Phone
6468479720
Address
284 Park Place, Brooklyn, NY 11238

Signing Officer

Name
Jason Simeral
Title
Director
Phone
9176905809
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Yourvirtualtaxpreparer LLC
Address
3225 Philmore Ave, Caledonia, NY 14423
Preparer
Jennifer a Miles
Phone
5855021590
Supplemental Narrative

Additional Explanations

Part I Line 16

Other office expenses $2683.00

Part I Line 16

Insurance $2940.00

Part I Line 16

Program Expenses $1063.00

Part I Line 16

Information Technology $2910.00

Part I Line 16

Professional Fees $125776.00

Part I Line 16

Conference,conventns,mtgs $126.00

Part II Line 24

Accounts receivable, net. Beginning:$24686.00 Ending: $48750.00

Part II Line 24

prepaid expenses Ending: $5066.00

Part II Line 26

Accounts payable and accrued expenses. Beginning:$29702.00 Ending: $19456.00

Form 990-ez, Part III

Primary exempt purpose - to assess the needs and concerns

Form 990-ez, Part III

Of the prospect heights community in terms of housing,

Form 990-ez, Part III

Economic development, physical environment, safety and security

Form 990-ez, Part III

And social services; to prepare or sponsor anaylsis of potential

Form 990-ez, Part III

Development in the prospect heights community, including the impact

Form 990-ez, Part III

Of such development on the existing conditions in prospect heights;

Form 990-ez, Part III

To create and adopt policies, recommendations, and action plans with

Form 990-ez, Part III

Respect to such potential development intended to preserve and enhance

Form 990-ez, Part III

The welfare of the prospect heights community.

Form 990-ez, Part III, Line 28

Program service accomplishments:

Form 990-ez, Part III, Line 28

Phndc operates the vanderbilt avenue open street as local partner

Form 990-ez, Part III, Line 28

For new york city department of transportation. The open street

Form 990-ez, Part III, Line 28

Was in operation for 97 days in fiscal 23. It provided economic

Form 990-ez, Part III, Line 28

Stimulus for over 20 restaurants affected by the covid-19 pandemic,

Form 990-ez, Part III, Line 28

And nearly four acres of public open space for active and passive

Form 990-ez, Part III, Line 28

Reacreation for local residents and visitors.

Form 990-ez, Part III, Line 2

Phndc sponsored holiday lights on vanderbilt avenue in fiscal 23

Form 990-ez, Part III, Line 2

As an economic development initiative.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0To assess the needs and concerns of the Prospect Heights Community in terms of housing, economic development, physical environment and safety.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0129925
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other office expenses $2683.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $2940.00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Information Technology $2910.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Professional Fees $125776.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Conference,conventns,mtgs $126.00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7prepaid expenses Ending: $5066.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts payable and accrued expenses. Beginning:$29702.00 Ending: $19456.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PRIMARY EXEMPT PURPOSE - TO ASSESS THE NEEDS AND CONCERNS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10OF THE PROSPECT HEIGHTS COMMUNITY IN TERMS OF HOUSING,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ECONOMIC DEVELOPMENT, PHYSICAL ENVIRONMENT, SAFETY AND SECURITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12AND SOCIAL SERVICES; TO PREPARE OR SPONSOR ANAYLSIS OF POTENTIAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DEVELOPMENT IN THE PROSPECT HEIGHTS COMMUNITY, INCLUDING THE IMPACT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14OF SUCH DEVELOPMENT ON THE EXISTING CONDITIONS IN PROSPECT HEIGHTS;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15TO CREATE AND ADOPT POLICIES, RECOMMENDATIONS, AND ACTION PLANS WITH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16RESPECT TO SUCH POTENTIAL DEVELOPMENT INTENDED TO PRESERVE AND ENHANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17THE WELFARE OF THE PROSPECT HEIGHTS COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18PROGRAM SERVICE ACCOMPLISHMENTS:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19PHNDC OPERATES THE VANDERBILT AVENUE OPEN STREET AS LOCAL PARTNER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20FOR NEW YORK CITY DEPARTMENT OF TRANSPORTATION. THE OPEN STREET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21WAS IN OPERATION FOR 97 DAYS IN FISCAL 23. IT PROVIDED ECONOMIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22STIMULUS FOR OVER 20 RESTAURANTS AFFECTED BY THE COVID-19 PANDEMIC,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23AND NEARLY FOUR ACRES OF PUBLIC OPEN SPACE FOR ACTIVE AND PASSIVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24REACREATION FOR LOCAL RESIDENTS AND VISITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25PHNDC SPONSORED HOLIDAY LIGHTS ON VANDERBILT AVENUE IN FISCAL 23
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25FORM 990-EZ, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26FORM 990-EZ, PART III, LINE 2
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
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ReturnHeader/ReturnTs02025-05-15T06:49:50-05:00
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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