Civic Intelligence

East River Development Alliance Inc

EIN 86-1096987 • 501(c)3 • Long Island City, NY

Profile

The Organization works in public housing communities primarily in Western Queens, NY to provide residents with tools and resources needed for personal and community improvement and revitalization, primarily focusing on achieving economic mobility, self sufficiency. Results are achieved through a combination of integrated programs in individual and community development.

12-11 40 Th AvenueLong Island City, NY 11101

n/A

Siviq Scores

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

Liabilities / Assets

77th percentile

0.53x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.59x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

37th percentile

0.3%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$0

Higher top officer pay than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$11,040,796

Up $215,121 (+2.0%) from 2023

Liabilities

Up

$5,848,742

Up $182,414 (+3.2%) from 2023

Net Assets

Up

$5,192,054

Up $32,707 (+0.6%) from 2023

Revenue

Down

$9,913,152

Down $1,051,893 (-9.6%) from 2023

Expenses

Down

$9,880,445

Down $937,307 (-8.7%) from 2023

Net Income

Down

$32,707

Down $114,586 (-78%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $358,858Liabilities 2011: $76,196Net Assets 2011: $282,6622011Assets 2012: $666,027Liabilities 2012: $363,841Net Assets 2012: $302,1862012Assets 2013: $735,636Liabilities 2013: $398,228Net Assets 2013: $337,4082013Assets 2014: $1,095,829Liabilities 2014: $693,310Net Assets 2014: $402,5192014Assets 2015: $1,190,786Liabilities 2015: $598,982Net Assets 2015: $591,8042015Assets 2016: $952,545Liabilities 2016: $316,140Net Assets 2016: $636,4052016Assets 2017: $1,704,696Liabilities 2017: $1,064,665Net Assets 2017: $640,0312017Assets 2018: $2,089,884Liabilities 2018: $1,322,480Net Assets 2018: $767,4042018Assets 2019: $1,495,952Liabilities 2019: $714,517Net Assets 2019: $781,4352019Assets 2020: $2,151,758Liabilities 2020: $1,002,033Net Assets 2020: $1,149,7252020Assets 2021: $2,664,233Liabilities 2021: $1,192,109Net Assets 2021: $1,472,1242021Assets 2022: $8,396,671Liabilities 2022: $3,384,617Net Assets 2022: $5,012,0542022Assets 2023: $10,825,675Liabilities 2023: $5,666,328Net Assets 2023: $5,159,3472023Assets 2024: $11,040,796Liabilities 2024: $5,848,742Net Assets 2024: $5,192,0542024

Highlighted filing

2024

Assets$11,040,796
Liabilities$5,848,742
Net Assets$5,192,054

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $1,978,495Expenses 2011: $1,977,822Net Income 2011: $6732011Revenue 2012: $2,191,991Expenses 2012: $2,172,467Net Income 2012: $19,5242012Revenue 2013: $2,660,436Expenses 2013: $2,625,214Net Income 2013: $35,2222013Revenue 2014: $3,543,271Expenses 2014: $3,478,160Net Income 2014: $65,1112014Revenue 2015: $3,946,366Expenses 2015: $3,757,081Net Income 2015: $189,2852015Revenue 2016: $3,364,767Expenses 2016: $3,320,166Net Income 2016: $44,6012016Revenue 2017: $4,649,753Expenses 2017: $4,646,127Net Income 2017: $3,6262017Revenue 2018: $6,330,137Expenses 2018: $6,202,764Net Income 2018: $127,3732018Revenue 2019: $6,271,244Expenses 2019: $6,257,213Net Income 2019: $14,0312019Revenue 2020: $6,572,761Expenses 2020: $6,204,471Net Income 2020: $368,2902020Revenue 2021: $7,145,499Expenses 2021: $6,823,100Net Income 2021: $322,3992021Revenue 2022: $13,855,965Expenses 2022: $10,316,035Net Income 2022: $3,539,9302022Revenue 2023: $10,965,045Expenses 2023: $10,817,752Net Income 2023: $147,2932023Revenue 2024: $9,913,152Expenses 2024: $9,880,445Net Income 2024: $32,7072024

Highlighted filing

2024

Revenue$9,913,152
Expenses$9,880,445
Net Income$32,707

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.0$5.85$5.19$9.91$9.88$0.03
2023Detailed filing. Detailed filing data is available for this year.$10.8$5.67$5.16$11.0$10.8$0.15
2022Detailed filing. Detailed filing data is available for this year.$8.40$3.38$5.01$13.9$10.3$3.54
2021Detailed filing. Detailed filing data is available for this year.$2.66$1.19$1.47$7.15$6.82$0.32
2020Detailed filing. Detailed filing data is available for this year.$2.15$1.00$1.15$6.57$6.20$0.37
2019Summary only. Only limited summary data is available for this year.$1.50$0.71$0.78$6.27$6.26$0.01
2018Summary only. Only limited summary data is available for this year.$2.09$1.32$0.77$6.33$6.20$0.13
2017Summary only. Only limited summary data is available for this year.$1.70$1.06$0.64$4.65$4.65$0.00
2016Summary only. Only limited summary data is available for this year.$0.95$0.32$0.64$3.36$3.32$0.04
2015Summary only. Only limited summary data is available for this year.$1.19$0.60$0.59$3.95$3.76$0.19
2014Summary only. Only limited summary data is available for this year.$1.10$0.69$0.40$3.54$3.48$0.07
2013Summary only. Only limited summary data is available for this year.$0.74$0.40$0.34$2.66$2.63$0.04
2012Summary only. Only limited summary data is available for this year.$0.67$0.36$0.30$2.19$2.17$0.02
2011Summary only. Only limited summary data is available for this year.$0.36$0.08$0.28$1.98$1.98$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 3, 2025
Return Version
2023v6.0
Gross Receipts
$10,045,512
Mission and Program Overview

Mission

The Organization works in public housing communities primarily in Western Queens, NY to provide residents with tools and resources needed for personal and community improvement and revitalization, primarily focusing on achieving economic mobility, self sufficiency. Results are achieved through a combination of integrated programs in individual and community development.

The mission is to provide tenants of public housing neighborhoods the tools and resources needed to achieve economic mobility and self sufficiency, and to break cycles of poverty. Integrated programs include employment services, financial counseling, youth development/college access, Credit Union support and others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,643,217$5,473,722▼ $169,495
Accounts Receivable$3,750,961$3,846,533▲ $95,572
Other Notes and Loans Receivable, Net$25,000$523,204▲ $498,204
Prepaid Expenses and Deferred Charges$17,376$68,226▲ $50,850
Cash and Non-Interest-Bearing Accounts$136,206$43,440▼ $92,766
Investments in Publicly Traded Securities$2,051$1,877▼ $174
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$10,825,675$11,040,796▲ $215,121
Other Assets Total$1,250,864$1,083,794▼ $167,070
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,437,361$3,436,536▼ $825
Accounts Payable and Accrued Expenses$1,056,686$1,406,995▲ $350,309
Other Liabilities$1,172,281$1,005,211▼ $167,070
Total Liabilities$5,666,328$5,848,742▲ $182,414
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,159,347$5,192,054▲ $32,707
Total Net Assets Fund Balance$5,159,347$5,192,054▲ $32,707
Total Liabilities and Net Assets / Fund Balance$10,825,675$11,040,796▲ $215,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,244,086$134,229-
Other Land Buildings$229,636$138,660-
Other Assets Org$78,583--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mitchell TaylorCEOFT$211,728$211,728
David MillerCFOFT$161,735$161,735
Carlos CanoCOOFT$124,604$124,604

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$9,656,225
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$256,927
All Other Contributions
$1,139,723
Change in Net Assets
$32,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,913,152
Total Revenue per Audited Statements
$9,913,152
Total Revenue per Form 990
$9,913,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,976,205
Other Expenses$2,904,240
Total Fundraising Expense$1,261,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,592,175$627,251$766,712$5,986,138
Payroll Taxes$455,737$55,057$67,292$578,086
Occupancy$386,266$21,656$26,467$434,389
Fees for Services Other$224,795$31,763$38,821$295,379
All Other Expenses$167,949$41,233$50,394$259,576
Current Officers, Directors, Trustees, and Key Employees$162,395$22,232$27,101$211,728
Other Employee Benefits$158,355$18,854$23,044$200,253
Depreciation Depletion-$169,494-$169,494
Office Expenses$109,915$21,434$26,196$157,545
Other Expenses$59,983$22,887$27,974$110,844
Conferences and Meetings$58,261$14,995$18,326$91,582
Fees for Services Accounting$12,344$25,245$30,855$68,444
Interest-$29,356$35,879$65,235
Insurance$8,317$23,374$28,568$60,259
Travel$3,143$7,457$9,115$19,715
Total Functional Expenses$7,417,449$1,201,571$1,261,425$9,880,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,880,445
Total Expenses per Audited Statements$9,880,445
Total Expenses per Form 990$9,880,445
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$389,287
Fundraising Direct Expenses$132,360
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$389,287$389,287$5,600$383,687
Total Events$389,287$389,287$132,360$256,927
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
Operating Lease Liabilitie$1,005,211
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
No

Governance Explanations

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

Form 990 provided to and revised by Board, Fiscal Designees before filing

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

Policy is reviewed frequently and re-affirmed at Board meeting

Form 990, Part VI, Section B, Line 15A

Board reviews and approves annual compensation of Chief Executive Officer based on market salary guidelines and other relevant information.

Form 990, Part VI, Section B, Line 15B

Board reviews on an annual basis compensation based on market conditions compensation of key employees

Form 990, Part VI, Section C, Line 19

All governing documents maintained at program/administrative office

Filing and Contact Details

Filer

Filer Name
East River Development Alliance Inc
EIN
86-1096987
Address
12-11 40 TH AVENUE, LONG ISLAND CITY, NY 11101

Signing Officer

Name
Mitchell Taylor
Title
Executive Director
Signed
2025-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mitchell Taylor
Formed
2003
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
215
Volunteers
126

Preparer

Firm
Wei Wei & Co Llp
Address
13310 39TH AVE, FLUSHING, NY 11354
Preparer
Liren Wei CPA
Phone
7184456308
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: mission

Education Access and Development

Other programs primarily focus on education access and development. Emphasis is on youth potential development, college access, SAT preparation, credit union support, community enterprise initiatives cooperatives support and other community revitalization programs with local business and community leaders.

Financial Consulting

Financial counseling programs provide financial education and individualized financial counseling services for working families for increasing financial health, and to foster and maintain good financial habits.

Form 990 Part III Schedule R Line1

, During the prior fiscal year end and continuing during the current Fiscal Year ended June 30, 2024 the Organization has a community enterprise initiative to assist in establishing dynamic social enterprises dedicated to providing high quality jobs and services. The entities operate as separate entities outside of the Organization. The entities are administratively supported on an agency basis by the Organization until fully operational. One entity created to provide private security services is fully operational. One entity to provide pet and related services has been formed and is not yet fully operational.

Part III Line

As part the Organization community enterprise initiative to assist in establishing dynamic social enterprises dedicated to providing high quality jobs and services. OnPoint Security NYC LLC (a calendar year reporting entity) was established to provide private security services to the local business and residential community. The entity operates separate from the Organization. The Organization contractually secures services from the entity. During the Fiscal Year Ended June 30 2024, the Organization paid $103,630 for security services.

Workplace Development Programs

Workforce development programs provide job training and placement with focusing on increased job security and making strikes in long term career paths. A special focus on the unemployed and the underemployed is emphasized.

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