Cnyc INC FY2020 filing

Not tax-deductible

New York, NY501(c)(6)EIN 13-3056357

Support housing cooperatives and condominiums

$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
1 of 5
years in the black
Concern: 4 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
What are leaders paid?
$84K
to officers and key staff · 17% of spending
Worth a look: leaders' pay is 17% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $1K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$181K
liabilities
Concern: debts are 86% of assets; over 80% is a concern.
Pt X · Ln 26
Who oversees it?
10
independent of 10 voting board members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$454K
Spent
$491K
Net assets
$30K
By yearFY2020–FY2024
Revenue
$454K
FY2020
Revenue by fiscal year
FY2020$454K
FY2021$489K
FY2022$484K
FY2023$486K
FY2024$548K
Expenses
$491K
FY2020
Expenses by fiscal year
FY2020$491K
FY2021$483K
FY2022$496K
FY2023$571K
FY2024$569K
Net assets
$30K
FY2020
Net assets by fiscal year
FY2020$30K
FY2021$35K
FY2022$24K
FY2023−$60K
FY2024−$81K

From the FY2020 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCnyc INC
EINHdr · item D13-3056357
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFMar 1993
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jcnyc.coop

Financial health

Is it on solid ground?

Operating surplus
-8%
revenue over expenses
Earned revenue
8%
of revenue from program services & dues
Payroll share
34%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$211K
FY2020
Total assets by fiscal year
FY2020$211K
FY2021$214K
FY2022$199K
FY2023$111K
FY2024$87K
Total liabilities
$181K
FY2020
Total liabilities by fiscal year
FY2020$181K
FY2021$179K
FY2022$175K
FY2023$171K
FY2024$168K
Revenue less expensesPt I · Ln 19−$37K
Total assetsPt X · Ln 16$211K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$183K
Total assetsLn 16$211K
Total liabilitiesLn 26$181K
Total net assetsLn 32$30K
Months of cash on handcomputed4.5

Statement of Revenue

Part VIII
Contributions & grants$418K · 92%
Program service revenue$35K · 8%
Contributions & grants92%$418K
Program service revenue8%$35K
Investment income$829
Other revenue$130
Total revenueLn 12$454K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $183K · Operating expenses/yr $491K
4.5 months
Where the money goes
Program services
Program services — · Total expenses $491K
—
Management & General
Management & general — · Total expenses $491K
—
Fundraising
Fundraising — · Total expenses $491K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $418K · Total revenue $454K
92%
Government reliance
Government grants — · Total revenue $454K
—
Earned-income share
Program service revenue $35K · Total revenue $454K
8%
Investment reliance
Investment income $829 · Total revenue $454K
+0.2%
Program self-sufficiency
Program service revenue $35K · Total expenses $491K
7%
Growth & trend
Revenue growth (YoY)
This year $454K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $30K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $454K · Expenses $491K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $211K
—
Net-asset ratio
Net assets $30K · Total assets $211K
14%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $100 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $211K
0.05%
People & payroll
Highest Reported Total Compensation
Individual Mary Ann Rothman · Reported title SEC'Y/EXEC DIR · Highest reported compensation $84K · Total expenses $491K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $166K · Total expenses $491K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Sec'y/Exec Dir
$84,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Mary Ann Rothman$83,200$109,200$109,200$109,200$84,000

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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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps housing cooperatives and condominiums thrive.

Provided by the organization

This section is blank until Cnyc INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2020.
01

Membership renewals slowed to a trickle in the early months of the pandemic but recovered over the summer months, so that by the end of the year dues were paid by 906 cooperatives and condominiums, including 13 new members. 62 professionals renewed their affiliation with the council and 4 new professionals joined this year.

Pt IX · col B
02

In april, cnyc applied for an eidl loan from the small business administration to help cover loss of revenue caused by the pandemic (because reserves were still in place to cover basic operating costs, cnyc did not apply for the $10,000 grant also available).

Pt IX · col B
03

2020 was a year of challenges, which cnyc met quite successfully, considering the circumstances. Cnyc's office lease expired in june after 15 years at that location and so in mid pandemic, the office was packed up, moved three blocks and reorganized at the new location.

Pt IX · col B

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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 · FY2020
Total grants receivedfrom 1 funder$1K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $548K$569K+13% 990 PDF
FY2023 $486K$571K+0.4% 990 PDF
FY2022 $484K$496K-0.9% 990 PDF
FY2021 $489K$483K+8% 990 PDF
FY2020 Viewing $454K$491K 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

Full filing: Form 990 for FY2020

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $491,443 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$84,000
IX-7 Other salaries and wages$53,300
IX-9 Other employee benefits$17,397
IX-10 Payroll taxes$10,838
IX-11d Lobbying fees$25,668
IX-13 Office expenses$19,816
IX-14 Information technology$10,683
IX-16 Occupancy$76,648
IX-17 Travel$738
IX-19 Conferences, conventions and meetings$52,767
IX-20 Interest$1,966
IX-21 Payments to affiliates$41,783
IX-22 Depreciation, depletion and amortization$367
IX-23 Insurance$4,406
IX-24 Other expenses (24a–d)$83,500
IX-24e All other expenses$7,566
IX-25 Total functional expenses$491,443

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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