New York Memory Center Inc
- Assets
- $242.5k
- Revenue
- $602.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Brooklyn, NY
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 11-2713960
Organization Overview
New York Memory Center Inc, operating under the name Park Slope Geriactric Day Center, is located in Brooklyn, NY. The organization was established in 1985. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Park Slope Geriactric Day Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Slope Geriactric Day Center 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 06/2022, Park Slope Geriactric Day Center generated $602.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $557.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FREE STANDING NON PROFIT, COMMUNITY-BASED AGENCY PROVIDING SERVICES TO ADULTS WITH COGNITIVE, PHYSICAL, AND EMOTIONAL LIMITATIONS TO HELP THEM ENJOY LIFE BEYOND DIAGNOSIS OF MEMORY LOSS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SERVICES TO ADULTS WITH COGNITIVE, PHYSICAL, AND EMOTIONAL LIMITATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Sheehan Treasurer | OfficerTrustee | 2 | $0 |
Sharon Goldzweig Board Chair | OfficerTrustee | 2 | $0 |
Dr Barbara Paris Board Member | Trustee | 2 | $0 |
Joseph Giamboi Board Member | Trustee | 2 | $0 |
Claudia Fine Board Member | Trustee | 2 | $0 |
Alan Kramer Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $240,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,088 |
| Total Program Service Revenue | $324,033 |
| Investment income | $764 |
| 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 | $602,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,768 |
| Payroll taxes | $31,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,148 |
| Advertising and promotion | $1,560 |
| Office expenses | $5,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,107 |
| Travel | $38 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,537 |
| All other expenses | $1,212 |
| Total functional expenses | $557,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,715 |
| Savings and temporary cash investments | $123,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,315 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $242,536 |
| Accounts payable and accrued expenses | $49,490 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,490 |
| Net assets without donor restrictions | $193,046 |
| Net assets with donor restrictions | $0 |
| 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 | $242,536 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New York Memory Center Inc has recieved totaling $7,558.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,443 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carmelite System Inc Germantown, NY | $17,222,585 | $9,589,225 |
The American Geriatrics Society Inc New York, NY | $10,794,639 | $6,464,305 |
Our Lady Of Victory Renaissance Corporation Buffalo, NY | $12,786,574 | $5,671,961 |
Ryerss Farm For Aged Equines Pottstown, PA | $12,053,554 | $2,161,361 |
Association For The Relief Of Aged Women Of New Bedford New Bedford, MA | $21,657,616 | $2,022,067 |
Leadingage Connecticut Inc Wallingford, CT | $1,294,076 | $1,003,019 |
Johanette Wallerstein Institute Inc Philadelphia, PA | $11,285,086 | $1,240,587 |
Association On Aging In New York Albany, NY | $292,722 | $689,758 |
New York Memory Center Inc Brooklyn, NY | $242,536 | $602,792 |
Avila Institute Of Gerontology Inc Germantown, NY | $429,382 | $540,136 |
Jgs Lifecare Corporation Longmeadow, MA | $6,233,942 | -$57,278 |
Louis F Payn Foundation For Aged People Chatham, NY | $203,161 | $289,937 |