Point Community Development Corporation FY2022 filing

Tax-deductible

Bronx, NY501(c)(3)UnclassifiedEIN 13-3765140Revenue $2.0M in FY2022

On file with the IRSthepoint.org940 Garrison Ave, 10474-5335 · Bronx, NYTax-exempt since Jan 1995Publicly supported charity — 170(b)(1)(A)(vi)

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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.
83¢ of each $1 spent went to programs.
$145K 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

FY2022 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
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
8 mo
of spending, in cash
Looks good: 7.6 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
$77K
5% of total assets
Looks good: liabilities are 5% 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
$2.0M
-3% vs prior year
Spent
$1.7M
To programs
83%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$2.0M
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.0M
FY2022$2.0M
FY2023$1.9M
FY2024$3.4M
Expenses
$1.7M
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.7M
FY2023$2.0M
FY2024$2.3M
Net assets
$1.5M
FY2022▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$662K
FY2021$1.2M
FY2022$1.5M
FY2023$1.4M
FY2024$2.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

83 cents of each dollar spent went to programs.

Program services 83% · $1.4M Management & general 14% · $243K Fundraising 3% · $45K

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; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$90,000Pt VII · Sec A
Executive Managing Director
$55,000Pt 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.

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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

Revitalizes Hunts Point through youth development and community arts.

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Provided by the organization

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2 programs · $1.4M · in their own filed words · FY2022
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.

$877Kprogram 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.

$556Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$129K
Other incomeLn 4–11$90K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$243K
Fundraisingcol D$45K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$77K
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$1.8M
Government grantsLn 1e$116K
Fees for servicesLn 2g$129K
Investment incomeLn 3$986
Other incomeLn 4–11$90K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$253K
Total assetsLn 16$1.6M
LiabilitiesLn 26$77K
Net assetsLn 32$1.5M
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 FY22End FY22
Cash and savingsLn 1–2$809K$1.1M
Land, buildings, equipmentLn 10c$298K$253K
Total assetsLn 16$1.3M$1.6M
LiabilitiesLn 26$73K$77K
Net assetsLn 32$1.2M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K$106K$8K$19K
Other salaries and wagesLn 7$771K$628K$123K$20K
Other employee benefitsLn 9$66K$53K$9K$3K
Payroll taxesLn 10$74K$60K$11K$3K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$102K$78K$25K
Office expensesLn 13$39K$37K$2K
OccupancyLn 16$128K$109K$19K
TravelLn 17$26K$26K
Conferences, conventions and meetingsLn 19$67K$67K
Depreciation, depletion and amortizationLn 22$46K$39K$7K
InsuranceLn 23$45K$38K$7K
Other expenses (24a–d)Ln 24$200K$191K$9K
All other expensesLn 24e$2K$1K$699
Total functional expensesLn 25$1.7M$1.4M$243K$45K

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 Viewing $2.0M$1.7M$270K$1.5M 990 PDF
FY2021 $2.0M$1.5M$566K$1.2M 990 PDF
FY2020 $1.6M$1.6M$3K$662K 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 FY2022 990 (6 parts)
Part I · Summary $1,991,358 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,827,687$1,771,413
I-9 Program service revenue$129,000
I-10 Investment incomePrior year $1,318$986
I-11 Other revenuePrior year $220,495$89,959
I-12 Total revenuePrior year $2,049,500$1,991,358
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $943,358$1,042,763
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $539,667$678,328
I-18 Total expensesPrior year $1,483,025$1,721,091
I-19 Revenue less expensesPrior year $566,475$270,267
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,991,358 across 7 lines filed
VIII-1e Government grants$115,667
VIII-1f All other contributions, gifts and grants$1,655,746
VIII-1h Total contributions, gifts and grants$1,771,413
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $129,000$129,000
VIII-3 Investment incomeExcluded from tax $986$986
VIII-6 Net rental income or lossRelated to mission $89,959$89,959
VIII-12 Total revenueRelated to mission $218,959 · Unrelated business $0 · Excluded from tax $986$1,991,358
Part IX · Statement of functional expenses $1,721,091 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,756 · Management $7,800 · Fundraising $18,640$132,196
IX-7 Other salaries and wagesPrograms $627,677 · Management $122,897 · Fundraising $20,190$770,764
IX-9 Other employee benefitsPrograms $53,268 · Management $9,492 · Fundraising $2,820$65,580
IX-10 Payroll taxesPrograms $60,288 · Management $10,743 · Fundraising $3,192$74,223
IX-11c Accounting feesManagement $22,900$22,900
IX-11g Other fees for servicesPrograms $77,751 · Management $24,562$102,313
IX-13 Office expensesPrograms $37,303 · Management $1,963$39,266
IX-16 OccupancyPrograms $108,816 · Management $19,202$128,018
IX-17 TravelPrograms $26,385$26,385
IX-19 Conferences, conventions and meetingsPrograms $66,726$66,726
IX-22 Depreciation, depletion and amortizationPrograms $38,684 · Management $6,827$45,511
IX-23 InsurancePrograms $38,390 · Management $6,775$45,165
IX-24 Other expenses (24a–d)Programs $190,734 · Management $9,223$199,957
IX-24e All other expensesPrograms $1,388 · Management $699$2,087
IX-25 Total functional expensesPrograms $1,433,166 · Management $243,083 · Fundraising $44,842$1,721,091
Part X · Balance sheet $1,575,008 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $809,195$1,083,817
X-3 Pledges and grants receivableStart of year $187,404$94,480
X-4 Accounts receivableStart of year $6,485$144,000
X-10c Land, buildings and equipment, netStart of year $298,221$252,711
X-16 Total assetsStart of year $1,301,305$1,575,008
X-17 Accounts payable and accrued expensesStart of year $47,301$50,737
X-24 Unsecured notes and loans payableStart of year $16,808$16,808
X-25 Other liabilitiesStart of year $9,000$9,000
X-26 Total liabilitiesStart of year $73,109$76,545
X-27 Net assets without donor restrictionsStart of year $693,672$1,087,978
X-28 Net assets with donor restrictionsStart of year $534,524$410,485
X-32 Total net assets or fund balancesStart of year $1,228,196$1,498,463
X-33 Total liabilities and net assetsStart of year $1,301,305$1,575,008
Part XI · Reconciliation of net assets $1,498,463 net assets at year end
XI-1 Total revenue$1,991,358
XI-2 Total expenses$1,721,091
XI-3 Revenue less expenses$270,267
XI-4 Net assets at start of year$1,228,196
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,498,463

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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