Ndr Group INC FY2020 filing

Not tax-deductible

New Rochelle, NY501(c)(4) EIN 13-2988402Revenue $1.4M in FY2020

On file with the IRS184 Union Ave, 10801-6010 · New Rochelle, NYTax-exempt since Jul 1981

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To own, acquire, construct, lease, and manage affordable residential housing for residents in areas designated by the city council of the city of new rochelle, new york.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
76¢ of each $1 spent went to programs.
$316K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average surplus $499K a year · 35% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$316K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.2M
To programs
76%
Net assets
$15.4M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$4.2M
FY2022$556K
FY2023$608K
FY2024$479K
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$823K
FY2022$795K
FY2023$902K
FY2024$1.0M
Net assets
$15.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$15.4M
FY2021$18.8M
FY2022$18.5M
FY2023$18.2M
FY2024$17.7M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 ruling in Jul 1981.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $893K Management & general 24% · $287K

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

6 people listed on the 990; $316K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Vice President
$186,170Pt VII · Sec A
Employee
$130,311Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Charles Depasquale$215,024$208,762$195,062$188,105$186,170
Mark Scott$151,751$147,331$137,754$131,843$130,311

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.

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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

Programs and updates

Develops and manages affordable housing for New Rochelle residents.

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Provided by the organization

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1 program · $893K · in their own filed words · FY2020
01

Own and operate three properties for low-income families including three project based section 8 properties. Develop and manage 176 unit low-income family housing complex. Develop and manage 102 unit low-income senior housing property.

$893Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$4K
Money outPt IX
$1.2M
Ln 25
Programscol B$893K
Managementcol C$287K
Owns and owesPt X
$15.4M
net assets · Ln 32
Cash and savingsLn 1–2$380K
Total assetsLn 16$17.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$4K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
SavingsLn 2$380K
Cash and savings togetherLn 1–2$380K
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$6.3M
Total assetsLn 16$17.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$15.4M
OperationsPt I, VI
EmployeesI 512
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$197K$380K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$17.2M$17.4M
LiabilitiesLn 26$1.9M$2.0M
Net assetsLn 32$15.3M$15.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$430K$215K$215K
Other employee benefitsLn 9$105K$53K$53K
Payroll taxesLn 10$34K$17K$17K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$18K$18K
Office expensesLn 13$56K$56K
TravelLn 17$9K$9K
InterestLn 20$75K$75K
Depreciation, depletion and amortizationLn 22$98K$95K$2K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$314K$314K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$1.2M$893K$287K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $479K$1.0M−$554K$17.7M 990 PDF
FY2023 $608K$902K−$294K$18.2M 990 PDF
FY2022 $556K$795K−$239K$18.5M 990 PDF
FY2021 $4.2M$823K$3.4M$18.8M 990 PDF
FY2020 Viewing $1.4M$1.2M$216K$15.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,396,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,183,646$1,391,721
I-10 Investment incomePrior year $4,651$4,430
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,188,297$1,396,151
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $535,366$569,271
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $589,613$611,045
I-18 Total expensesPrior year $1,124,979$1,180,316
I-19 Revenue less expensesPrior year $63,318$215,835
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,396,151 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,391,721$1,391,721
VIII-3 Investment incomeExcluded from tax $4,430$4,430
VIII-12 Total revenueRelated to mission $1,391,721 · Unrelated business $0 · Excluded from tax $4,430$1,396,151
Part IX · Statement of functional expenses $1,180,316 across 12 lines filed
IX-6 Pay of disqualified personsPrograms $215,043 · Management $215,043$430,086
IX-9 Other employee benefitsPrograms $52,567 · Management $52,566$105,133
IX-10 Payroll taxesPrograms $17,026 · Management $17,026$34,052
IX-11b Legal feesPrograms $1,390$1,390
IX-11c Accounting feesPrograms $17,671$17,671
IX-13 Office expensesPrograms $56,492$56,492
IX-17 TravelPrograms $9,433$9,433
IX-20 InterestPrograms $74,507$74,507
IX-22 Depreciation, depletion and amortizationPrograms $95,393 · Management $2,203$97,596
IX-23 InsurancePrograms $32,361$32,361
IX-24 Other expenses (24a–d)Programs $313,915$313,915
IX-24e All other expensesPrograms $7,680$7,680
IX-25 Total functional expensesPrograms $893,478 · Management $286,838 · Fundraising $0$1,180,316
Part X · Balance sheet $17,361,043 assets, 12 lines filed
Asset lines not itemized here account for $8,637,630; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $197,059$379,963
X-4 Accounts receivableStart of year $16,548$17,792
X-9 Prepaid expenses and deferred chargesStart of year $7,482$14,886
X-10c Land, buildings and equipment, netStart of year $2,135,312$2,039,919
X-15 Other assetsStart of year $6,060,043$6,270,853
X-16 Total assetsStart of year $17,222,646$17,361,043
X-17 Accounts payable and accrued expensesStart of year $20,425$20,233
X-25 Other liabilitiesStart of year $120,126$205,068
X-26 Total liabilitiesStart of year $1,927,158$1,960,951
X-27 Net assets without donor restrictionsStart of year $15,295,488$15,400,092
X-32 Total net assets or fund balancesStart of year $15,295,488$15,400,092
X-33 Total liabilities and net assetsStart of year $17,222,646$17,361,043
Part XI · Reconciliation of net assets $15,400,092 net assets at year end
XI-1 Total revenue$1,396,151
XI-2 Total expenses$1,180,316
XI-3 Revenue less expenses$215,835
XI-4 Net assets at start of year$15,295,488
XI-5 Net unrealized gains (losses) on investments−$111,231
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,400,092

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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