Point Community Development Corporation FY2020 filing

Tax-deductible

Bronx, NY501(c)(3)UnclassifiedEIN 13-3765140

This page gets seen. Tell your story. Claim this org.

The Organization is a community based non-profit organization dedicated to youth development and the cultural and economic revitalization of the Hunts Point section of the Bronx, NY, through combining talents of area residents, organization and the art community.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$138K 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

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $369K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$138K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$227K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.6M
To programs
81%
Net assets
$662K
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Revenue by fiscal year
FY2020$1.6M
FY2021$2.0M
FY2022$2.0M
FY2023$1.9M
FY2024$3.4M
Expenses
$1.6M
FY2020
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.7M
FY2023$2.0M
FY2024$2.3M
Net assets
$662K
FY2020
Net assets by fiscal year
FY2020$662K
FY2021$1.2M
FY2022$1.5M
FY2023$1.4M
FY2024$2.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give 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 Jan 1995.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.3M Management & general 11% · $174K Fundraising 8% · $134K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

9 people listed on the 990; $138K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$70,860Pt VII · Sec A
Executive Managing Director
$66,826Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary VP
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Maria Torres$92,661$106,814$90,000$67,967$70,860
Danny Peralta—$6,276$55,000$69,192$66,826

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 Point Community Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Revitalizes Hunts Point through youth development and community arts.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $1.3M · in their own filed words · FY2020
01

Youth and After School

the Organization provides youth leadership development programs through various activities, such as after school activities, summer camps, etc. to strengthen both academic performance and character building for youths in the community.

$856Kprogram expense
02

Arts and Others

the Organization employs media arts and entrepreneurship and energizing at risk youths and other neighborhood residents to empower themselves with the skills necessary to remake their community and bring new energy, vibrancy and economic growth to the community.

$475Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$72K
Investment incomeLn 3$694
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$174K
Fundraisingcol D$134K
Owns and owesPt X
$662K
net assets · Ln 32
Cash and savingsLn 1–2$412K
Total assetsLn 16$888K
LiabilitiesLn 26$227K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$184K
Investment incomeLn 3$694
Other incomeLn 4–11$72K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$412K
Cash and savings togetherLn 1–2$412K
Land, buildings, equipmentLn 10c$347K
Total assetsLn 16$888K
LiabilitiesLn 26$227K
Net assetsLn 32$662K
OperationsPt I, VI
EmployeesI 526
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$82K$412K
Land, buildings, equipmentLn 10c$318K$347K
Total assetsLn 16$764K$888K
LiabilitiesLn 26$105K$227K
Net assetsLn 32$659K$662K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$138K$103K$7K$28K
Other salaries and wagesLn 7$766K$610K$68K$88K
Other employee benefitsLn 9$64K$51K$5K$8K
Payroll taxesLn 10$76K$60K$6K$10K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$153K$132K$22K
Office expensesLn 13$31K$29K$2K
OccupancyLn 16$95K$81K$14K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$21K$21K
InterestLn 20$631$631
Depreciation, depletion and amortizationLn 22$50K$42K$7K
InsuranceLn 23$48K$41K$7K
Other expenses (24a–d)Ln 24$159K$154K$5K
All other expensesLn 24e$11K$5K$6K
Total functional expensesLn 25$1.6M$1.3M$174K$134K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.4M$2.3M$1.1M$2.5M 990 PDF
FY2023 $1.9M$2.0M−$49K$1.4M 990 PDF
FY2022 $2.0M$1.7M$270K$1.5M 990 PDF
FY2021 $2.0M$1.5M$566K$1.2M 990 PDF
FY2020 Viewing $1.6M$1.6M$3K$662K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (5 parts)
Part I · Summary $1,641,585 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,836,907$1,568,686
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,270$694
I-11 Other revenuePrior year $98,012$72,205
I-12 Total revenuePrior year $1,936,189$1,641,585
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,015,979$1,044,375
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $910,961$594,131
I-18 Total expensesPrior year $1,926,940$1,638,506
I-19 Revenue less expensesPrior year $9,249$3,079
Part VIII · Statement of revenue $1,641,585 across 6 lines filed
VIII-1e Government grants$183,819
VIII-1f All other contributions, gifts and grants$1,384,867
VIII-1h Total contributions, gifts and grants$1,568,686
VIII-3 Investment incomeExcluded from tax $694$694
VIII-6 Net rental income or lossRelated to mission $72,205$72,205
VIII-12 Total revenueRelated to mission $72,205 · Unrelated business $0 · Excluded from tax $694$1,641,585
Part IX · Statement of functional expenses $1,638,506 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $103,063 · Management $7,086 · Fundraising $27,537$137,686
IX-7 Other salaries and wagesPrograms $610,085 · Management $67,964 · Fundraising $88,189$766,238
IX-9 Other employee benefitsPrograms $50,696 · Management $5,335 · Fundraising $8,226$64,257
IX-10 Payroll taxesPrograms $60,113 · Management $6,326 · Fundraising $9,755$76,194
IX-11c Accounting feesManagement $24,142$24,142
IX-11g Other fees for servicesPrograms $131,671 · Management $21,514$153,185
IX-13 Office expensesPrograms $29,172 · Management $1,535$30,707
IX-16 OccupancyPrograms $80,757 · Management $14,251$95,008
IX-17 TravelPrograms $1,458$1,458
IX-19 Conferences, conventions and meetingsPrograms $20,945$20,945
IX-20 InterestManagement $631$631
IX-22 Depreciation, depletion and amortizationPrograms $42,127 · Management $7,434$49,561
IX-23 InsurancePrograms $41,029 · Management $7,240$48,269
IX-24 Other expenses (24a–d)Programs $154,482 · Management $4,724$159,206
IX-24e All other expensesPrograms $5,434 · Management $5,585$11,019
IX-25 Total functional expensesPrograms $1,331,032 · Management $173,767 · Fundraising $133,707$1,638,506
Part X · Balance sheet $888,259 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $82,416$411,783
X-3 Pledges and grants receivableStart of year $360,268$124,287
X-4 Accounts receivableStart of year $3,150$5,000
X-10c Land, buildings and equipment, netStart of year $317,795$347,189
X-16 Total assetsStart of year $763,629$888,259
X-17 Accounts payable and accrued expensesStart of year $54,179$32,243
X-24 Unsecured notes and loans payableStart of year $41,808$41,808
X-25 Other liabilitiesStart of year $9,000$152,487
X-26 Total liabilitiesStart of year $104,987$226,538
X-27 Net assets without donor restrictionsStart of year $359,861$326,987
X-28 Net assets with donor restrictionsStart of year $298,781$334,734
X-32 Total net assets or fund balancesStart of year $658,642$661,721
X-33 Total liabilities and net assetsStart of year $763,629$888,259
Part XI · Reconciliation of net assets $661,721 net assets at year end
XI-1 Total revenue$1,641,585
XI-2 Total expenses$1,638,506
XI-3 Revenue less expenses$3,079
XI-4 Net assets at start of year$658,642
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$661,721

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.