Good Old Lower East Side Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 28
- Location
- New York, NY
- Founding
- 07/1978
- Data as of
- 06/2021
- EIN
- 13-2915659
Organization Overview
Good Old Lower East Side Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Good Old Lower East Side Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Old Lower East Side 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 06/2021, Good Old Lower East Side Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Good Old Lower East Side Inc has awarded 12 individual grants totaling $528,796. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD THE POWER OF LOW-INCOME RESIDENTS ON THE LOWER EAST SIDE TO ADDRESS DISPLACEMENT AND GENTRIFICATION, PRESERVE AND EXPAND THE LOW-INCOME HOUSING STOCK, ASSERT COMMUNITY SELF-DETERMINATION OVER THE USE OF PUBLIC SPACE, ENSURE A CLEAN AND HEALTHY ENVIRONMENT WHERE PEOPLE LIVE, WORK AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLES HEALTHY AGING PROGRAM ADDRESSES THE NEEDS OF ECONOMICALLY DISADVANTAGED RESIDENTS AGE 50 AND OVER BY COMBINING SUPPORTIVE SERVICES, EDUCATIONAL INFO SESSIONS, PREVENTATIVE HEALTH AND WELL-BEING PROGRAMMING, COMMUNITY ENGAGEMENT, AND RESEARCH TO PROMOTE HEALTHIER AGING.
HOUSING ADVOCACY AND ORGANIZING: GOLES PROVIDES TENANT RIGHTS AND EVICTION PREVENTION COUNSELING TO INCOME ELIGIBLE TENANTS AT LARGE WHO LIVE ON THE LOWER EAST SIDE. GOLES WORKS WITH TENANTS IN ORGANIZING AND STRENGTHENING TENANT ASSOCIATIONS TO OBTAIN QUALITY REPAIRS, STOP LANDLORD HARASSMENT, AND PROTECT LOW-INCOME TENANTS FROM BEING DISPLACED.
WORKFORCE ECONOMIC DEVELOPMENT: GOLES OFFERS JOB READINESS ASSISTANCE, JOB SKILLS TRAINING, AND SUPPORTIVE SERVICES THAT REACH LOWER EAST SIDE UNEMPLOYED AND UNDEREMPLOYED COMMUNITY MEMBERS.
DISASTER RELIEF: GOLES PROVIDES ASSISTANCE AND RELIEF FOR THE VICTIMS OF HURRICANE SANDY AND THE SURVIVORS OF THE EAST VILLAGE BUILDING COLLAPSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damaris Reyes Exective Dir | Officer | 35 | $96,747 |
Victoria Lugo Director Of | Officer | 35 | $78,359 |
Joseph Puma Vice Chair | OfficerTrustee | $0 | |
Marquis Jenkins Secretary | OfficerTrustee | $0 | |
Elon Harpaz Treasurer | OfficerTrustee | $0 | |
Tondalisa Burriss Chairperson | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $634,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,238,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,873,147 |
| 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 | $1,873,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,397 |
| 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. | $175,106 |
| Compensation of current officers, directors, key employees. | $70,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $714,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,304 |
| Payroll taxes | $86,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,316 |
| Advertising and promotion | $0 |
| Office expenses | $18,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,190 |
| Travel | $1,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,469 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,528 |
| Insurance | $13,151 |
| All other expenses | $19,621 |
| Total functional expenses | $1,392,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,156,026 |
| Savings and temporary cash investments | $22,238 |
| Pledges and grants receivable | $643,827 |
| 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 | $24,037 |
| Net Land, buildings, and equipment | $137,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,983 |
| Total assets | $2,010,294 |
| Accounts payable and accrued expenses | $117,555 |
| 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 | $117,555 |
| Net assets without donor restrictions | $1,565,324 |
| Net assets with donor restrictions | $327,415 |
| 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 | $2,010,294 |
Grants Awarded
Over the last fiscal year, Good Old Lower East Side Inc has awarded $37,055 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: RESEARCH | $18,950 |
COLLECTIVE FOR COMMUNITY CULTUREAND ENVIRONMENT PURPOSE: RESEARCH & ANALYSIS | $11,105 |
INFINITE MOVEMENT INCORP PURPOSE: PHYSICAL ACTIVITIES | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Good Old Lower East Side Inc has recieved totaling $1,074,549.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $650,000 |
New York Foundation New York, NY PURPOSE: MULTI-YEAR UNRESTRICTED SUPPORT TO ADDRESS NEEDS PRESENTED BY THE PANDEMIC AND TO SEIZE OPPORTUNITY FOR A MORE EQUITABLE CITY USING COMMUNITY ORGANIZING AS A CORE STRATEGY. | $80,000 |
New York Foundation New York, NY PURPOSE: TO ORGANIZE RESIDENTS OF THE LOWER EASTSIDE TO DEMAND THE PRESERVATION AND DEVELOPMENT OF AFFORDABLE HOUSING. | $75,000 |
Mertz Gilmore Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Solutions Project Inc Oakland, CA PURPOSE: Fighter Fund - Capacity Building Grant | $50,000 |
New York Foundation New York, NY PURPOSE: MULTI-YEAR UNRESTRICTED SUPPORT TO ADDRESS NEEDS PRESENTED BY THE PANDEMIC AND TO SEIZE OPPORTUNITY FOR A MORE EQUITABLE CITY USING COMMUNITY ORGANIZING AS A CORE STRATEGY. | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allston Brighton Comm Dev Corp Brighton, MA | $15,959,814 | $4,412,557 |
East Harlem Council For Community Improvement Inc New York, NY | $2,118,161 | $3,411,139 |
Warwick Valley Local Development Corporation Warwick, NY | $848,951 | $5,651,378 |
Radisson Community Association Inc Baldwinsville, NY | $3,036,076 | $2,758,047 |
Laura E Price Briggs Estate 4042008-Te Pittsburgh, PA | $36,510,296 | $1,566,500 |
Blue Hills Civic Association Incorporated Hartford, CT | $568,444 | $2,282,715 |
Southside Institutions Neighborhood Alliance Inc Hartford, CT | $5,370,562 | $1,765,981 |
Hidden Valley Foundation Inc Hidden Valley, PA | $3,819,746 | $2,615,880 |
Hazelwood Initiative Inc Pittsburgh, PA | $12,916,299 | $2,940,670 |
Community Housing Improvement Program Inc New York, NY | $2,216,727 | $1,575,020 |
Pennsylvania Apartment Association Bala Cynwyd, PA | $1,420,169 | $1,873,030 |
Good Old Lower East Side Inc New York, NY | $2,010,294 | $1,873,147 |