Civic Intelligence

Mrny Qalicb Inc.

990 • Fiscal year 2018 • EIN 82-5474031

Apr 03, 2018 to Dec 31, 2018 • Filed on Sep 15, 2019

Organization ProfileN/A
301 Grove StreetBrooklyn, NY 11237

(718) 418-7690

Siviq Scores

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

Liabilities / Assets

99th percentile

0.99x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • NTEE T • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

100th percentile

71.88x

Higher debt load relative to revenue than 100% of similar nonprofits.

2018 filings • NTEE T • $25M-$50M nonprofits • Source year 2018

Net Margin

80th percentile

73%

Higher net margin than 80% of similar nonprofits.

2018 filings • NTEE T • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

78th percentile

$153,112

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 41.9% of source-year revenue.

2018 filings • NTEE T • $25M-$50M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

$26,545,220

No earlier filing loaded for comparison.

Net Assets

$267,259

No earlier filing loaded for comparison.

Liabilities

$26,277,961

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin80th percentile

Revenue

$365,556

No earlier filing loaded for comparison.

Expenses

$98,297

No earlier filing loaded for comparison.

Net Income

$267,259

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60M$40M$20M$0-$20MAssets 2018: $26,545,220Liabilities 2018: $26,277,961Net Assets 2018: $267,2592018Assets 2019: $26,797,431Liabilities 2019: $26,542,806Net Assets 2019: $254,6252019Assets 2020: $27,041,738Liabilities 2020: $26,481,094Net Assets 2020: $560,6442020Assets 2021: $27,735,833Liabilities 2021: $26,883,467Net Assets 2021: $852,3662021Assets 2022: $29,692,888Liabilities 2022: $28,522,184Net Assets 2022: $1,170,7042022Assets 2023: $35,762,804Liabilities 2023: $30,820,103Net Assets 2023: $4,942,7012023Assets 2024: $42,017,769Liabilities 2024: $42,879,249Net Assets 2024: -$861,4802024

Highlighted filing

2018

Assets$26,545,220
Liabilities$26,277,961
Net Assets$267,259
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $365,556Expenses 2018: $98,297Net Income 2018: $267,2592018Revenue 2019: $43,984Expenses 2019: $56,618Net Income 2019: -$12,6342019Revenue 2020: $341,214Expenses 2020: $35,195Net Income 2020: $306,0192020Revenue 2021: $324,339Expenses 2021: $32,617Net Income 2021: $291,7222021Revenue 2022: $350,955Expenses 2022: $32,617Net Income 2022: $318,3382022Revenue 2023: $3,804,614Expenses 2023: $32,617Net Income 2023: $3,771,9972023Revenue 2024: $264,994Expenses 2024: $32,617Net Income 2024: $232,3772024

Highlighted filing

2018

Revenue$365,556
Expenses$98,297
Net Income$267,259
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Apr 3, 2018 to Dec 31, 2018
Signed
Sep 15, 2019
Return Version
2018v3.1
Gross Receipts
$365,556
Mission and Program Overview

Mission

The purpose of the organization is to serve as a supporting organization for mrny. (see schedule o for details)

To assist make the road new york ("mrny") in its mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$16,429,515▲ $16,429,515
Land, Buildings, and Equipment, Net$0$7,987,390▲ $7,987,390
Intangible Assets$0$1,141,599▲ $1,141,599
Cash and Non-Interest-Bearing Accounts$0$986,716▲ $986,716
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$26,545,220▲ $26,545,220
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$26,180,000▲ $26,180,000
Accounts Payable and Accrued Expenses$0$97,961▲ $97,961
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$26,277,961▲ $26,277,961
Net Assets / Fund Balance
Unrestricted Net Assets$0$267,259▲ $267,259
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$267,259▲ $267,259
Total Liabilities and Net Assets / Fund Balance$0$26,545,220▲ $26,545,220

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,987,390-$7,987,390
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Javier H ValdesChair & Treasurer
Deborah Lynn AxtVice Chair & Secretary
AMY Elizabeth CAROLLBoard Member
Karina C BetancourtBoard Member
Patricia SatterstromBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$364,730
Program Service Revenue
$0
Investment Income
$826
Other Revenue
$0
Change in Net Assets
$267,259

Audited Revenue Reconciliation

Revenue per Audited Statements
$365,556
Total Revenue per Audited Statements
$365,556
Total Revenue per Form 990
$365,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,297
Total Fundraising Expense$62,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$0$0$62,000$62,000
Other Expenses$0$19,055$0$19,055
Interest-$9,519-$9,519
Office Expenses-$7,723-$7,723
Total Functional Expenses$0$36,297$62,000$98,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$98,297
Total Expenses per Audited Statements$98,297
Total Expenses per Form 990$98,297
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION B, LINE 11B:

“Mrny qalicb's independent cpa prepares the return and it is reviewed by one of its co-executive directors, its controller, and its outside contracted accountant. The return is then mailed to the full board prior to filing.”

PART VI, SECTION B, LINE 12C:

“The organization does have a written conflict of interest policy, and officers/directors/trustees are required to disclose potential conflicts annually.”

Schedule D, Part VI, Line 1E

“The fixed assets described under other is construction in progress. The construction will be a building in the future.”

Filing and Contact Details

Filer

Filer Name
Mrny Qalicb Inc
EIN
82-5474031
In Care Of
% MATT DAPOLITO
Phone
7184187690
Address
301 GROVE STREET, BROOKLYN, NY 11237

Signing Officer

Name
Javier H Valdes
Title
Chair & Treasurer
Phone
7184187690
Signed
2019-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Javier H Valdes
Formed
2018
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
James Mulroy
Phone
7328281614
Supplemental Narrative

Additional Explanations

PART III, LINE 1 - ORGANIZATION MISSION:

“THE ORGANIZATION WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT TRANSACTION TO COMPLETE THE FINANCING OF (i) THE CONSTRUCTION AND DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER ("IMPROVEMENTS") LOCATED AT THAT CERTAIN REAL PROPERTY LOCATED AT 104-15 ROSSEVELT AVENUE, CORONA, NY 11368 ("PROPERTY") AND (ii) THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED IMPROVEMENTS BETWEEN MRNY AND THE ORGANIZATION. THE ORGANIZATION PROVIDES SUPPORTING SERVICES TO MRNY IN FURTHERANCE OF ITS MISSION.”

Form 990 Part IX Line 11G

“Description:consulting services total fees:62000”

Financial Statement Notes

Form 990, Schdule D, Part X, Line 2

“The organization was granted exemption from federal income tax under section 501(c)(3) of the internal revenue code june 3, 2019 and will serve as a supporting organization to mrny. Its exempt purpose is to assist mrny in its mission. The organization files tax returns in the u.s. Federal jurisdiction and new york. The organization follows the accounting pronouncement relating to uncertain tax positions. There are no income tax related penalities and interest in the periods reported in these financial statements.”

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MAKE THE ROAD NEW YORK (MRNY) HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME AND ASSETS. JAVIER H. VALDES IS THE CO-EXECUTIVE DIRECTOR OF MRNY AND THE CHAIR AND TREASURER AS WELL AS A MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. DEBORAH LYNN AXT IS THE CO-EXECUTIVE DIRECTOR OF MRNY AND THE VICE CHAIR AND SECRETARY AS WELL AS A MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. THE ORGANIZATION WAS FORMED AT THE DIRECTION OF MRNY AS A SUPPORTING ORGANIZATION FOR MRNY IN ORDER TO FACILITATE FINANCING FOR THE PROJECT AS OUTLINED BELOW.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION WILL PARTICIPATE IN A NMTC TRANSACTION TO ALLOW MRNY TO FINANCE THE PROJECT. WITHOUT THE ORGANIZATION'S PARTICIPATION, MRNY WOULD NOT BE ABLE TO PARTICIPATE IN THE NMTC FINANCING OF THE PROJECT AND WOULD FINANCE THE DEBT INCURRED BY THE CONSTRUCTION THROUGH MEANS THAT ARE LESS BENEFICIAL TO MRNY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1FORM 990, SCHEDULE A, SECTION E, LINE 2A
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE JUNE 3, 2019 AND WILL SERVE AS A SUPPORTING ORGANIZATION TO MRNY. ITS EXEMPT PURPOSE IS TO ASSIST MRNY IN ITS MISSION. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND NEW YORK. THE ORGANIZATION FOLLOWS THE ACCOUNTING PRONOUNCEMENT RELATING TO UNCERTAIN TAX POSITIONS. THERE ARE NO INCOME TAX RELATED PENALITIES AND INTEREST IN THE PERIODS REPORTED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHDULE D, PART X, LINE 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAVIER H VALDES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DEBORAH LYNN AXT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIR & TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE CHAIR & SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT TRANSACTION TO COMPLETE THE FINANCING OF (i) THE CONSTRUCTION AND DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER ("IMPROVEMENTS") LOCATED AT THAT CERTAIN REAL PROPERTY LOCATED AT 104-15 ROSSEVELT AVENUE, CORONA, NY 11368 ("PROPERTY") AND (ii) THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED IMPROVEMENTS BETWEEN MRNY AND THE ORGANIZATION. THE ORGANIZATION PROVIDES SUPPORTING SERVICES TO MRNY IN FURTHERANCE OF ITS MISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MRNY QALICB'S INDEPENDENT CPA PREPARES THE RETURN AND IT IS REVIEWED BY ONE OF ITS CO-EXECUTIVE DIRECTORS, ITS CONTROLLER, AND ITS OUTSIDE CONTRACTED ACCOUNTANT. THE RETURN IS THEN MAILED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES HAVE A WRITTEN CONFLICT OF INTEREST POLICY, AND OFFICERS/DIRECTORS/TRUSTEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FIXED ASSETS DESCRIBED UNDER OTHER IS CONSTRUCTION IN PROGRESS. THE CONSTRUCTION WILL BE A BUILDING IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING SERVICES TOTAL FEES:62000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1 - ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PART VI, LINE 1E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MAKE THE ROAD NEW YORK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,545,220
Liabilities
$26,277,961
Net assets
$267,259
Revenue
$365,556
Expenses
$98,297
Net income
$267,259
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$42.0$42.9$0.86$0.26$0.03$0.23
2023Detailed filing. Detailed filing data is available for this year.$35.8$30.8$4.94$3.80$0.03$3.77
2022Detailed filing. Detailed filing data is available for this year.$29.7$28.5$1.17$0.35$0.03$0.32
2021Detailed filing. Detailed filing data is available for this year.$27.7$26.9$0.85$0.32$0.03$0.29
2020Detailed filing. Detailed filing data is available for this year.$27.0$26.5$0.56$0.34$0.04$0.31
2019Detailed filing. Detailed filing data is available for this year.$26.8$26.5$0.25$0.04$0.06$0.01
2018Detailed filing. Detailed filing data is available for this year.$26.5$26.3$0.27$0.37$0.10$0.27