Acts Community Development Corporation FY2023 filing

Brooklyn, NYUnknown exempt organization EIN 01-0679652Revenue $396K in FY2023

On file with the IRSactsnyc.org2114 Mermaid Avenue · Brooklyn, NY

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Provide for the poor and needy emergency food, including shelter and social services to homeless pregnant women and section 8 housing; and to provide a soup kitchen

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
369% of total assets
Concern: liabilities are 369% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$396K
-43% vs prior year
Spent
$458K
To programs
99%
Net assets
−$17K
By yearFY2020–FY2024
Revenue
$396K
FY2023▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$515K
FY2021$237K
FY2022$700K
FY2023$396K
FY2024$411K
Expenses
$458K
FY2023▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$412K
FY2021$204K
FY2022$784K
FY2023$458K
FY2024$416K
Net assets
−$17K
FY2023▼ -137%
Tap a bar for its year
Net assets by fiscal year
FY2020$96K
FY2021$130K
FY2022$45K
FY2023−$17K
FY2024−$22K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $455K Management & general 0% · $2K Fundraising 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Susan Mirti-Fusco$29,400$29,400$29,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Acts Community Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers emergency food, shelter, and social services to homeless pregnant women and those needing housing assistance.

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Provided by the organization

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2 programs · $455K · in their own filed words · FY2023
01

Coney Island Lighthouse Mission

Provides a food pantry and housing shelter for local community families. The food pantry feeds over many families. The soup kitchen feeds hot meals every week and many people count on this program. An afterschool program reaches some 20 children per week.

$442Kprogram expense
02

Rachels Joy Maternity Home

Provides shelter referrals for young homeless pregnant women

$13Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$396K
Ln 12
Gifts and grantsLn 1h$392K
Fees for servicesLn 2g$4K
Money outPt IX
$458K
Ln 25
Programscol B$455K
Managementcol C$2K
Fundraisingcol D$1K
Owns and owesPt X
−$17K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$6K
LiabilitiesLn 26$23K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$392K
Government grantsLn 1e$270K
Noncash giftsLn 1g$289K
Fees for servicesLn 2g$4K
Total revenueLn 12$396K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$6K
LiabilitiesLn 26$23K
Net assetsLn 32−$17K
OperationsPt I, VI
EmployeesI 52
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$80K$1K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$85K$6K
LiabilitiesLn 26$40K$23K
Net assetsLn 32$45K−$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$0$0$0$0
Other salaries and wagesLn 7$58K$58K$0$0
Payroll taxesLn 10$7K$7K$0$0
Accounting feesLn 11c$2K$1K$400$0
Office expensesLn 13$310$310$0$0
OccupancyLn 16$28K$28K$0$0
InsuranceLn 23$10K$10K$0$0
Other expenses (24a–d)Ln 24$293K$293K$63$63
All other expensesLn 24e$60K$58K$1K$1K
Total functional expensesLn 25$458K$455K$2K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $411K$416K−$5K−$22K 990 PDF
FY2023 Viewing $396K$458K−$62K−$17K 990 PDF
FY2022 $700K$784K−$84K$45K 990 PDF
FY2021 $237K$204K$33K$130K 990 PDF
FY2020 $515K$412K$103K$96K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $396,398 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $697,627$392,208
I-9 Program service revenuePrior year $2,165$4,190
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $699,792$396,398
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $99,743$64,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $684,521$393,355
I-18 Total expensesPrior year $784,264$458,345
I-19 Revenue less expensesPrior year −$84,472−$61,947
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $396,398 across 6 lines filed
VIII-1e Government grants$270,195
VIII-1f All other contributions, gifts and grants$122,013
VIII-1g Noncash contributions (included above)$289,076
VIII-1h Total contributions, gifts and grants$392,208
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$4,190
VIII-12 Total revenueRelated to mission $4,190 · Unrelated business $0 · Excluded from tax $0$396,398
Part IX · Statement of functional expenses $458,345 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $58,246 · Management $0 · Fundraising $0$58,246
IX-10 Payroll taxesPrograms $6,744 · Management $0 · Fundraising $0$6,744
IX-11c Accounting feesPrograms $1,150 · Management $400 · Fundraising $0$1,550
IX-13 Office expensesPrograms $310 · Management $0 · Fundraising $0$310
IX-16 OccupancyPrograms $28,028 · Management $0 · Fundraising $0$28,028
IX-23 InsurancePrograms $9,994 · Management $0 · Fundraising $0$9,994
IX-24 Other expenses (24a–d)Programs $293,085 · Management $63 · Fundraising $63$293,211
IX-24e All other expensesPrograms $57,637 · Management $1,490 · Fundraising $1,135$60,262
IX-25 Total functional expensesPrograms $455,194 · Management $1,953 · Fundraising $1,198$458,345
Part X · Balance sheet $6,217 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $79,770$1,216
X-4 Accounts receivableStart of year $5,001$5,001
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $84,771$6,217
X-17 Accounts payable and accrued expensesStart of year $2,450$1,600
X-24 Unsecured notes and loans payableStart of year $37,082$21,325
X-26 Total liabilitiesStart of year $39,532$22,925
X-27 Net assets without donor restrictionsStart of year $45,239−$16,708
X-32 Total net assets or fund balancesStart of year $45,239−$16,708
X-33 Total liabilities and net assetsStart of year $84,771$6,217
Part XI · Reconciliation of net assets −$16,708 net assets at year end
XI-1 Total revenue$396,398
XI-2 Total expenses$458,345
XI-3 Revenue less expenses−$61,947
XI-4 Net assets at start of year$45,239
XI-10 Net assets at end of year−$16,708

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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