Cooper Square Community Development Committee INC

Tax-deductible

New York, NY501(c)(3)Community DevelopmentEIN 13-2666211

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Administration and community revitalization Neighborhood preservation, housing/tenant counseling, information and referral

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 5
filings with a surplus
Average surplus $116K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 5% of spending
Top officer’s pay lower than 89% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $201K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$168K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+10% vs prior year
Spent
$1.5M
To programs
79%
Net assets
$943K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +10%
Revenue by fiscal year
FY2020$901K
FY2021$1.1M
FY2022$2.4M
FY2023$964K
FY2024$1.1M
Expenses
$1.5M
FY2024▲ +18%
Expenses by fiscal year
FY2020$885K
FY2021$973K
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M
Net assets
$943K
FY2024▼ -34%
Net assets by fiscal year
FY2020$350K
FY2021$505K
FY2022$1.7M
FY2023$1.4M
FY2024$943K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1968.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.2M Management & general 19% · $285K Fundraising 2% · $37K

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

9 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$80,427Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Co-Vice Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Bd. Member
$0Pt VII · Sec A
Bd. Member
$0Pt VII · Sec A
Bd. Member
$0Pt VII · Sec A

Steven Herrick’s $80K as Executive Director is at the 11th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Steven Herrick$80,427$81,324$78,441$81,513$79,441

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 Cooper Square Community Development Committee INC 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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Preserves neighborhoods, revitalizes communities, and provides housing counseling and referrals.

Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2024
01

Housing Tenant Counseling

helps tenant resolve their housing problems, enabling individuals and families to obtain and preserve adequate safe housing.

$454Kprogram expense
02

Services to Senior

services to senior citizens aging in place that are residents of the Cooper Square Mutual Housing Association II The program provides services such as social work and benefits support, health and wellnes, classes, workshops, services to maintain apartments in safe, healthy and hygienic condition.

$422Kprogram expense
03

Neighborhood Preservation & Revitalization

to provide administrative and planning services to the community of Cooper Square for neighborhood preservation and revitalization activities.

$230Kprogram 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
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$870K
Fees for servicesLn 2g$133K
Investment incomeLn 3$29K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.2M
Managementcol C$285K
Fundraisingcol D$37K
Owns and owesPt X
$943K
net assets · Ln 32
Cash and savingsLn 1–2$584K
Total assetsLn 16$1.1M
LiabilitiesLn 26$168K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$870K
Government grantsLn 1e$603K
Fees for servicesLn 2g$133K
Investment incomeLn 3$29K
Other incomeLn 4–11$28K
Gains on assetsLn 7$6K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$462K
Cash and savings togetherLn 1–2$584K
Land, buildings, equipmentLn 10c$122K
Total assetsLn 16$1.1M
LiabilitiesLn 26$168K
Net assetsLn 32$943K
OperationsPt I, VI
EmployeesI 516
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$584K
Land, buildings, equipmentLn 10c$122K$122K
Total assetsLn 16$1.5M$1.1M
LiabilitiesLn 26$117K$168K
Net assetsLn 32$1.4M$943K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$87K$669$0
Pay of disqualified personsLn 6$753K$689K$53K$11K
Other employee benefitsLn 9$147K$77K$69K$845
Payroll taxesLn 10$75K$70K$5K$862
Legal feesLn 11b$25$0$25$0
Accounting feesLn 11c$35K$14K$13K$9K
Other fees for servicesLn 11g$235K$196K$36K$4K
Office expensesLn 13$44K$11K$29K$4K
Information technologyLn 14$2K$269$2K$0
OccupancyLn 16$121K$62K$59K$900
TravelLn 17$5K$4K$1K$20
Conferences, conventions and meetingsLn 19$9K$7K$2K$53
InterestLn 20$3K$0$3K$0
InsuranceLn 23$10K$0$10K$0
Other expenses (24a–d)Ln 24$9K$0$3K$6K
Total functional expensesLn 25$1.5M$1.2M$285K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.5M−$478K$943K 990 PDF
FY2023 $964K$1.3M−$336K$1.4M 990 PDF
FY2022 $2.4M$1.2M$1.2M$1.7M 990 PDF
FY2021 $1.1M$973K$136K$505K 990 PDF
FY2020 $901K$885K$16K$350K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,059,931 across 9 lines filed
VIII-1e Government grants$603,417
VIII-1f All other contributions, gifts and grants$266,205
VIII-1h Total contributions, gifts and grants$869,622
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$133,007
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$23,501
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,635 · Unrelated business $0 · Excluded from tax $0$5,635
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $25,792$25,792
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,374 · Unrelated business $0 · Excluded from tax $0$2,374
VIII-12 Total revenueRelated to mission $164,517 · Unrelated business $0 · Excluded from tax $25,792$1,059,931
Part IX · Statement of functional expenses $1,538,234 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,971 · Management $669 · Fundraising $0$87,640
IX-6 Pay of disqualified personsPrograms $688,936 · Management $53,209 · Fundraising $11,269$753,414
IX-9 Other employee benefitsPrograms $77,373 · Management $68,944 · Fundraising $845$147,162
IX-10 Payroll taxesPrograms $69,645 · Management $4,986 · Fundraising $862$75,493
IX-11b Legal feesPrograms $0 · Management $25 · Fundraising $0$25
IX-11c Accounting feesPrograms $13,582 · Management $12,634 · Fundraising $9,222$35,438
IX-11g Other fees for servicesPrograms $195,758 · Management $35,609 · Fundraising $3,575$234,942
IX-13 Office expensesPrograms $10,993 · Management $29,129 · Fundraising $4,212$44,334
IX-14 Information technologyPrograms $269 · Management $1,919 · Fundraising $0$2,188
IX-16 OccupancyPrograms $61,642 · Management $58,720 · Fundraising $900$121,262
IX-17 TravelPrograms $4,050 · Management $1,185 · Fundraising $20$5,255
IX-19 Conferences, conventions and meetingsPrograms $7,054 · Management $1,875 · Fundraising $53$8,982
IX-20 InterestPrograms $0 · Management $2,662 · Fundraising $0$2,662
IX-23 InsurancePrograms $0 · Management $10,483 · Fundraising $0$10,483
IX-24 Other expenses (24a–d)Programs $0 · Management $2,575 · Fundraising $6,379$8,954
IX-25 Total functional expensesPrograms $1,216,273 · Management $284,624 · Fundraising $37,337$1,538,234
Part X · Balance sheet $1,110,855 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $353,098$121,404
X-2 Savings and temporary cash investmentsStart of year $790,978$462,397
X-3 Pledges and grants receivableStart of year $177,568$405,211
X-10c Land, buildings and equipment, netStart of year $121,843$121,843
X-16 Total assetsStart of year $1,538,225$1,110,855
X-17 Accounts payable and accrued expensesStart of year $10,647$64,054
X-24 Unsecured notes and loans payableStart of year $96,544$94,070
X-26 Total liabilitiesStart of year $117,191$168,124
X-27 Net assets without donor restrictionsStart of year $314,011$125,742
X-28 Net assets with donor restrictionsStart of year $1,107,023$816,989
X-32 Total net assets or fund balancesStart of year $1,421,034$942,731
X-33 Total liabilities and net assetsStart of year $1,538,225$1,110,855
Part XI · Reconciliation of net assets $942,731 net assets at year end
XI-1 Total revenue$1,059,931
XI-2 Total expenses$1,538,234
XI-3 Revenue less expenses−$478,303
XI-4 Net assets at start of year$1,421,034
XI-10 Net assets at end of year$942,731

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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