T A P INC EIN 23-7029088 Form 990 (PDF) Claim this org

T A P INC

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Improves communities by offering affordable design services for better living and working spaces. For fiscal year 2024 it reported $2.1M in revenue, $1.8M in expenses, and $2.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Troy, NY
Website
www.tapinc.org
Filings
5 on file (2020–2024)
Revenue
$2.1MFY2024
Expenses
$1.8M
Net assets
$2.9M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7029088 Public charity (501(c)(3)) Troy, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Improves communities by offering affordable design services for better living and working spaces.
Leadership
Barbara Nelson · Executive Director · $95K
Money in and out
$2.1M revenue, $1.8M expenses
Bottom line
68% program efficiency
Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $261K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.31 Fundraising $0.01
Program efficiency
68%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate▼ -20% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +414% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▲ +72%
Expenses
$1.8M
FY2024▲ +45%
Total assets
$3.5M
FY2024▲ +17%
Total liabilities
$582K
FY2024▲ +46%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$261K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CT A P INC
EINHdr · item D23-7029088
Principal addressHdr · item CTroy, NY
WebsiteHdr · item Jwww.tapinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L810)
Ruling yearIRS BMFJul 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$94,604Pt VII · Sec A
Director of Finance
$50,307Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Barbara Nelson’s $95K as Executive Director is at the 29th percentile of top reported officer pay among 2025 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Barbara Nelson$94,604
Barbara L Nelson$85,000$88,663$85,000$85,000
Hannah Cushing$50,307

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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Mission & Programs · Part III

Where the work happens

3 program services account for $643K of program spending, described in the organization's own filed words · FY2024.
01

Property rental to low to moderate income individuals. Approximately 50 served.

$355Kprogram expense
02

PROJECTS-DESIGN/DRAFTING/PLANNING services to property owners (low and moderate income), non-profits and businesses primarily in the capital district area. Approximately 66 served.

$185Kprogram expense
03

Community DEVELOPMENT-DESIGN/DRAFTING/PLANNING services to prroperty owners and non-profits in hud designated low to moderate income census tracts in blighted areas of troy. Special focus on preservation of historic architecture, community reviatlization and homeowner services. Approximately 106 served.

$102Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 56%
Program service revenue$740K · 36%
Other revenue$168K · 8%
Contributions & grants56%$1.2M
Program service revenue36%$740K
Other revenue8%$168K
Investment income$9K
— government grantsLn 1e$1.1M
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.31 Fundraising $0.01
Program services68%$1.2M
Management & general31%$564K
Fundraising1%$13K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$548K
Total assetsLn 16$3.5M
Total liabilitiesLn 26$582K
Total net assetsLn 32$2.9M
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $991K · Operating expenses (Pt IX) $1.8M · Less non-cash grants $20K · Cash operating expenses/yr $1.8M
6.6 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.8M
68%
Management & General
Management & general $564K · Total expenses $1.8M
31%
Fundraising
Fundraising $13K · Total expenses $1.8M
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $22K
$0.44 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $2.1M
56%
Government reliance
Government grants $1.1M · Total revenue $2.1M
54%
Earned-income share
Program service revenue $740K · Total revenue $2.1M
36%
Investment reliance
Investment income $9K · Total revenue $2.1M
+0.4%
Program self-sufficiency
Program service revenue $740K · Total expenses $1.8M
41%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.2M
+72%
Revenue CAGR
FY2020 $710K · FY2024 $2.1M
+31%
Net-asset trend (YoY)
End of year $2.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $1.8M
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
Net-asset ratio
Net assets $2.9M · Total assets $3.5M
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $444K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.5M
13%
People & payroll
Highest Reported Total Compensation
Individual Barbara Nelson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $95K · Total expenses $1.8M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $888K · Total expenses $1.8M
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 31%
Fundraising cost ratio 1%
Revenue growth 72%
Legal fee ratio 0.7%
Accounting fee ratio 2%

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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$200

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$710K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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