Brooklyn Alliance Inc
- Assets
- $1.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Brooklyn, NY
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 11-2145956
Organization Overview
Brooklyn Alliance Inc is located in Brooklyn, NY. The organization was established in 1968. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Brooklyn Alliance Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Brooklyn Alliance Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PROMOTE AND MONITOR COMMUNITY AND ECONOMIC DEVELOPMENT PROJECTS AND WORK TOWARDS IMPROVING THE QUALITY OF LIFE THROUGHOUT THE BOROUGH OF BROOKLYN, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY/ECONOMIC DEVELOPMENT - THROUGH A COMBINATION OF ORGANIZATION FUNDS, CORPORATE CONTRIBUTIONS AND GOVERNMENT GRANTS, THE ORGANIZATION MAINTAINS VARIOUS COMMUNITY PROGRAMS TO IMPROVE BROOKLYN'S QUALITY-OF-LIFE & STIMULATE ITS ECONOMY.
BUSINESS SOLUTION CENTER - AN INITIATIVE OF NYC DEPARTMENT OF SMALL BUSINESSES (SBS) TO PROMOTE THE DEVELOPMENT AND ECONOMIC WELL-BEING OF GROWING BUSINESSES BY ANSWERING QUESTIONS, OFFERING CLASSES, AND ASSISTING WITH OBTAINING LOANS AND LEVERAGING GOVERNMENT AND COMMUNITY RESOURCES.
BROOKLYN GOES GLOBAL - CREATES AND ENHANCES JOB AND ECONOMIC DEVELOPMENT IN BROOKLYN BY PROMOTING DOMESTIC AND INTERNATIONAL TRADE PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Raphael Svp, Strategic Par | 40 | $121,472 | |
Chandraban Motilall CFO | 32 | $110,135 | |
Richard Russo COO | 31 | $103,592 | |
Randolph Peers President & CEO | OfficerTrustee | 17 | $12,500 |
Susan Doban Secretary | OfficerTrustee | 2 | $0 |
Pasquale Patrone Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,500 |
| Related organizations | $0 |
| Government grants | $2,152,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,321,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,482,075 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,485,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,484 |
| Compensation of current officers, directors, key employees. | $64,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,677,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,866 |
| Payroll taxes | $175,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430,129 |
| Advertising and promotion | $0 |
| Office expenses | $111,467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $279,408 |
| Travel | $8,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,457 |
| Insurance | $72,470 |
| All other expenses | $0 |
| Total functional expenses | $3,251,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,283,351 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $72,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,511,796 |
| Accounts payable and accrued expenses | $307,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $14,042 |
| Other liabilities | $415,889 |
| Total liabilities | $737,289 |
| Net assets without donor restrictions | $294,874 |
| Net assets with donor restrictions | $479,633 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,511,796 |
Grants Awarded
Over the last fiscal year, Brooklyn Alliance Inc has awarded $76,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANT | $26,500 |
Jackson Heights, NY PURPOSE: GRANT | $16,500 |
Staten Island, NY PURPOSE: GRANT | $16,500 |
Bronx, NY PURPOSE: GRANT | $16,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Alliance Inc has recieved totaling $883,222.
| Awarding Organization | Amount |
|---|---|
New York City Partnership Foundation Inc New York, NY PURPOSE: Small Business Resource | $883,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |