Cnyc INC FY2023 filing

Not tax-deductible

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

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Support housing cooperatives and condominiums

$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
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
1 of 5
filings with a surplus
Average deficit $30K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$109K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$171K
154% of total assets
Concern: liabilities are 154% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$486K
+0.4% vs prior year
Spent
$571K
Net assets
−$60K
By yearFY2020–FY2024
Revenue
$486K
FY2023+0.4%
Revenue by fiscal year
FY2020$454K
FY2021$489K
FY2022$484K
FY2023$486K
FY2024$548K
Expenses
$571K
FY2023▲ +15%
Expenses by fiscal year
FY2020$491K
FY2021$483K
FY2022$496K
FY2023$571K
FY2024$569K
Net assets
−$60K
FY2023▼ -348%
Net assets by fiscal year
FY2020$30K
FY2021$35K
FY2022$24K
FY2023−$60K
FY2024−$81K

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 ruling in Mar 1993.

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

Who runs it and what they're paid

14 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sec'y/Exec Dir
$109,200Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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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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

Helps housing cooperatives and condominiums thrive.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2023.
01

C. Despite cnyc's efforts membership remained stagnant, with only 960 cooperatives and condominiums paying dues by the end of the year. This includes 23 new members. 64 professionals renewed their affiliation with the council and 2 new professionals joined in 2023.

Pt IX · col B
02

D. On sunday, november 12TH, cnyc held its 43RD annual housing conference as an all-virtual event. Cnyc offered 42 classes in three time frames plus a plenary session in the middle of the day.

Pt IX · col B
03

A. In 2023, cnyc continued to conduct all meetings including its annual conference via zoom. B. Efforts continued to focus on bringing back lapsed memberships and on advocacy for improvement in property tax law, energy and carbon reduction regulations, etc, to protect the interests and needs of housing cooperatives and condominiums.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$486K
Ln 12
Gifts and grantsLn 1h$448K
Fees for servicesLn 2g$35K
Investment incomeLn 3$3K
Money outPt IX
$571K
Ln 25
Owns and owesPt X
−$60K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$111K
LiabilitiesLn 26$171K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$448K
Fees for servicesLn 2g$35K
Investment incomeLn 3$3K
Other incomeLn 4–11$531
Total revenueLn 12$486K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$68K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$100
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$28K
Total assetsLn 16$111K
LiabilitiesLn 26$171K
Net assetsLn 32−$60K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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$171K$83K
InvestmentsLn 11–13$100$100
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$199K$111K
LiabilitiesLn 26$175K$171K
Net assetsLn 32$24K−$60K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$109K
Other salaries and wagesLn 7$87K
Other employee benefitsLn 9$29K
Payroll taxesLn 10$16K
Lobbying feesLn 11d$45K
Office expensesLn 13$17K
Information technologyLn 14$18K
OccupancyLn 16$77K
TravelLn 17$4K
Conferences, conventions and meetingsLn 19$29K
InterestLn 20$4K
Payments to affiliatesLn 21$42K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$83K
All other expensesLn 24e$5K
Total functional expensesLn 25$571K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $548K$569K−$21K−$81K 990 PDF
FY2023 Viewing $486K$571K−$84K−$60K 990 PDF
FY2022 $484K$496K−$11K$24K 990 PDF
FY2021 $489K$483K$6K$35K 990 PDF
FY2020 $454K$491K−$37K$30K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $486,356 across 6 lines filed
VIII-1b Membership dues$447,643
VIII-1h Total contributions, gifts and grants$447,643
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,134$35,134
VIII-3 Investment incomeRelated to mission $3,048$3,048
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $531$531
VIII-12 Total revenueRelated to mission $38,713 · Unrelated business $0 · Excluded from tax $0$486,356
Part IX · Statement of functional expenses $570,617 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$109,200
IX-7 Other salaries and wages$87,300
IX-9 Other employee benefits$29,172
IX-10 Payroll taxes$16,061
IX-11d Lobbying fees$45,300
IX-13 Office expenses$17,352
IX-14 Information technology$17,739
IX-16 Occupancy$77,045
IX-17 Travel$3,668
IX-19 Conferences, conventions and meetings$29,383
IX-20 Interest$3,862
IX-21 Payments to affiliates$42,125
IX-23 Insurance$4,594
IX-24 Other expenses (24a–d)$83,268
IX-24e All other expenses$4,548
IX-25 Total functional expenses$570,617
Part X · Balance sheet $110,790 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $38,970$15,253
X-2 Savings and temporary cash investmentsStart of year $132,100$67,882
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $100$100
X-15 Other assetsStart of year $27,555$27,555
X-16 Total assetsStart of year $198,725$110,790
X-17 Accounts payable and accrued expenses$797
X-24 Unsecured notes and loans payableStart of year $142,587$138,116
X-25 Other liabilitiesStart of year $31,952$31,952
X-26 Total liabilitiesStart of year $174,539$170,865
X-32 Total net assets or fund balancesStart of year $24,186−$60,075
X-33 Total liabilities and net assetsStart of year $198,725$110,790
Part XI · Reconciliation of net assets −$60,075 net assets at year end
XI-1 Total revenue$486,356
XI-2 Total expenses$570,617
XI-3 Revenue less expenses−$84,261
XI-4 Net assets at start of year$24,186
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$60,075

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

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