T A P INC FY2020 filing

Tax-deductible

Troy, NY501(c)(3)Since 1969HousingEIN 23-7029088Revenue $710K in FY2020

On file with the IRStapinc.org210 River St, 12180-3810 · Troy, NYTax-exempt since Jul 1969Publicly supported — 509(a)(2)

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Tap, INC. Restores, rebuilds, and revitalizes urban neighborhoods and historic structures; shaping inclusive and healthy communities.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$85K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $41K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$86K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$710K
Spent
$788K
To programs
72%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$710K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$710K
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$2.1M
FY2025$1.5M
Expenses
$788K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$788K
FY2021$842K
FY2022$1.1M
FY2023$1.2M
FY2024$1.8M
FY2025$1.5M
Net assets
$2.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$2.6M
FY2023$2.6M
FY2024$2.9M
FY2025$3.0M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1969.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $567K Management & general 28% · $220K

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

10 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$85,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A

Barbara Nelson’s $85K as Executive Director is at the 21st percentile of top reported officer pay among 2036 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Barbara Nelson$85,385$94,604————
Barbara L Nelson——$85,000$88,663$85,000$85,000
Hannah Cushing$50,676$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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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 15aNo

Programs and updates

Improves communities by offering affordable design services for better living and working spaces.

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Provided by the organization

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3 programs · $567K · in their own filed words · FY2020
01

Community DEVELOPMENT-DESIGN/DRAFTING/PLANNING services to property 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 revitalization and homeowner services. Approximately 100 served.

$240Kprogram expense
02

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

$170Kprogram expense
03

PROJECTS-DESIGN/DRAFTING/PLANNING services to property owners (low and moderate income), non-profits and businesses primarily in the capital district area. Approximately 60 served.

$157Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$200

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$710K
Ln 12
Fees for servicesLn 2g$493K
Gifts and grantsLn 1h$214K
Investment incomeLn 3$2K
Money outPt IX
$788K
Ln 25
Programscol B$567K
Managementcol C$220K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$685K
Total assetsLn 16$2.6M
LiabilitiesLn 26$86K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$169K
Fees for servicesLn 2g$493K
Investment incomeLn 3$2K
Total revenueLn 12$710K
Assets in detailPt X, end of year
SavingsLn 2$685K
Cash and savings togetherLn 1–2$685K
InvestmentsLn 11–13$21K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$274K
Total assetsLn 16$2.6M
LiabilitiesLn 26$86K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 516
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$705K$685K
InvestmentsLn 11–13$26K$21K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$2.6M$2.6M
LiabilitiesLn 26$79K$86K
Net assetsLn 32$2.6M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$125$125
Pay of current officers, directors and key staffLn 5$83K$61K$22K
Other salaries and wagesLn 7$299K$264K$35K
Other employee benefitsLn 9$19K$16K$3K
Payroll taxesLn 10$34K$29K$5K
Advertising and promotionLn 12$68$68
OccupancyLn 16$13K$8K$5K
TravelLn 17$1K$1K$111
Conferences, conventions and meetingsLn 19$2K$849$958
Depreciation, depletion and amortizationLn 22$84K$73K$11K
InsuranceLn 23$33K$28K$5K
Other expenses (24a–d)Ln 24$202K$80K$121K
All other expensesLn 24e$17K$5K$12K
Total functional expensesLn 25$788K$567K$220K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.5M−$9K$3.0M 990 PDF
FY2024 $2.1M$1.8M$261K$2.9M 990 PDF
FY2023 $1.2M$1.2M−$48K$2.6M 990 PDF
FY2022 $1.1M$1.1M−$63K$2.6M 990 PDF
FY2021 $1.0M$842K$180K$2.7M 990 PDF
FY2020 Viewing $710K$788K−$77K$2.5M 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 FY2020 990 (6 parts)
Part I · Summary $710,123 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,382$214,328
I-9 Program service revenuePrior year $464,535$493,436
I-10 Investment incomePrior year $5,249$2,359
I-11 Other revenuePrior year $33,035$0
I-12 Total revenuePrior year $727,201$710,123
I-13 Grants and similar amounts paidPrior year $400$125
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $410,104$435,561
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $368,530$351,830
I-18 Total expensesPrior year $779,034$787,516
I-19 Revenue less expensesPrior year −$51,833−$77,393
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $710,123 across 6 lines filed
VIII-1e Government grants$169,429
VIII-1f All other contributions, gifts and grants$44,899
VIII-1h Total contributions, gifts and grants$214,328
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $493,436$493,436
VIII-3 Investment incomeExcluded from tax $2,359$2,359
VIII-12 Total revenueRelated to mission $493,436 · Unrelated business $0 · Excluded from tax $2,359$710,123
Part IX · Statement of functional expenses $787,516 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $125$125
IX-5 Pay of current officers, directors and key staffPrograms $61,437 · Management $21,755$83,192
IX-7 Other salaries and wagesPrograms $263,816 · Management $35,068$298,884
IX-9 Other employee benefitsPrograms $16,311 · Management $2,878$19,189
IX-10 Payroll taxesPrograms $29,152 · Management $5,144$34,296
IX-12 Advertising and promotionPrograms $68$68
IX-16 OccupancyPrograms $8,072 · Management $5,008$13,080
IX-17 TravelPrograms $1,074 · Management $111$1,185
IX-19 Conferences, conventions and meetingsPrograms $849 · Management $958$1,807
IX-22 Depreciation, depletion and amortizationPrograms $72,783 · Management $10,851$83,634
IX-23 InsurancePrograms $28,158 · Management $5,338$33,496
IX-24 Other expenses (24a–d)Programs $80,418 · Management $121,416$201,834
IX-24e All other expensesPrograms $4,879 · Management $11,847$16,726
IX-25 Total functional expensesPrograms $567,142 · Management $220,374 · Fundraising $0$787,516
Part X · Balance sheet $2,568,460 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $705,315$685,088
X-3 Pledges and grants receivable$4,982
X-4 Accounts receivableStart of year $136,494$140,038
X-9 Prepaid expenses and deferred chargesStart of year $13,467$16,096
X-10c Land, buildings and equipment, netStart of year $1,504,984$1,427,395
X-11 Publicly traded securitiesStart of year $26,252$21,284
X-15 Other assetsStart of year $257,079$273,577
X-16 Total assetsStart of year $2,643,591$2,568,460
X-17 Accounts payable and accrued expensesStart of year $65,055$76,285
X-19 Deferred revenueStart of year $1,330$701
X-25 Other liabilitiesStart of year $12,550$9,179
X-26 Total liabilitiesStart of year $78,935$86,165
X-27 Net assets without donor restrictionsStart of year $1,215,917$1,195,935
X-28 Net assets with donor restrictionsStart of year $1,348,739$1,286,360
X-32 Total net assets or fund balancesStart of year $2,564,656$2,482,295
X-33 Total liabilities and net assetsStart of year $2,643,591$2,568,460
Part XI · Reconciliation of net assets $2,482,295 net assets at year end
XI-1 Total revenue$710,123
XI-2 Total expenses$787,516
XI-3 Revenue less expenses−$77,393
XI-4 Net assets at start of year$2,564,656
XI-5 Net unrealized gains (losses) on investments−$4,968
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,482,295

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

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