Neighborhood Association For Inter Cultural Affairs Inc
- Assets
- $108.6m
- Revenue
- $80.7m
- Investments
- $0.0
- Employees
- 467
- Location
- Bronx, NY
- Founding
- 10/1990
- Data as of
- 06/2021
- EIN
- 13-2995128
Organization Overview
Neighborhood Association For Inter Cultural Affairs Inc is located in Bronx, NY. The organization was established in 1990. 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, Neighborhood Association For Inter Cultural Affairs Inc employed 467 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Association For Inter Cultural Affairs 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, Neighborhood Association For Inter Cultural Affairs Inc generated $80.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $84.1m during the year ending 06/2021. While expenses have increased by 27.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYC DEPARTMENT OF HOMELESS SERVICES - DHS WORKS TO PREVENT HOMELESSNESS BEFORE IT OCCURS, REDUCE STREET HOMELESSNESS AND ASSIST NEW YORKERS TO TRANSITION FROM SHELTER INTO APPROPRIATE PERMANENT HOUSING. WITH THE INSTALLATION OF COMMISSIONER SETH DIAMOND IN 2010, DHS CONTINUES TO MEET ITS LEGAL MANDATE TO PROVIDE TEMPORARY, EMERGENCY SHELTER TO THOSE EXPERIENCING HOMELESSNESS, WHILE EFFECTIVELY TRANSFORMING THE CULTURE OF SHELTER FROM THE INSIDE OUT. BY INCREASING OUR EXPECTATIONS FOR CLIENTS TO OBTAIN EMPLOYMENT, DHS BELIEVES THAT WE ARE BETTER PREPARING HOUSEHOLDS FOR INDEPENDENT LIVING.
HOUSING - A) THE NEW BEGINNINGS PROGRAM PROVIDES SERVICES TO FORMERLY HOMELESS FAMILIES, SENIORS AND INDIVIDUALS THAT WERE RELOCATED FROM SHELTERS INTO PERMANENT AFFORDABLE HOUSING UNITS; B) SUPPORTIVE HOUSING IS A PROGRAM THAT SUPPORTS AND STRENGTHEN FAMILIES, USING A STRENGTH-BASED, CASE MANAGEMENT APPROACH, BASED ON THE PRINCIPLES OF FAMILY/INDIVIDUAL DEVELOPMENT, TO ADDRESS THE PARTICULAR NEEDS OF EACH PARTICIPANT; C)PREVENTION SERVICES PROGRAM NAICA IS ABLE TO PROVIDE LEGAL REPRESENTATION, HOUSING ADVOCACY, TENANT/LANDLORD MEDIATION AND RENTAL ASSISTANCE TO BRONX RESIDENTS WHO MEET THE INCOME REQUIREMENTS.
LEGAL - OUR PRIMARY FOCUS IS GEARED TOWARDS PROVIDING LEGAL EVICTION PREVENTION SERVICES TO FAMILIES, INDIVIDUALS WHO ARE WORKING, RECEIVING PUBLIC ASSISTANCE, OR THAT MEET THE LOW-INCOME ELIGIBILITY AND ARE AT RISK OF LOSING THEIR HOMES. NAICA HOMELESSNESS PREVENTION LAW PROJECT, FUNDED BY THE DEPARTMENT OF HUMAN RESOURCES (HRA), CURRENTLY PROVIDES FREE LEGAL AND REFERRAL SERVICES TO OVER 2,000 HOUSEHOLDS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Izquierdo COO | Officer | 40 | $389,242 |
Shameeka Gonzalez CFO | Officer | 40 | $321,136 |
Marlen Valarezo Executive Director Of Lega | 40 | $187,104 | |
Joanitha Groves Executive Director Of Huma | 40 | $184,482 | |
Manuel Perez Executive Director Of Finance | 40 | $146,535 | |
Elvis Torres Executive Director Of Hous | 40 | $146,235 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Btw Hotel Holdings Llc Rent | 6/29/21 | $3,434,837 |
1527 Southern Fee Owner Llc Rent | 6/29/21 | $2,550,000 |
321 East Tremont Llc Rent | 6/29/21 | $2,947,254 |
3339 Park Development Llc Rent | 6/29/21 | $3,868,110 |
Sera Security Services Llc Contract Security Services | 6/29/21 | $3,575,292 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,057,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,057,945 |
| Total Program Service Revenue | $531,053 |
| Investment income | $73,574 |
| 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 | $80,687,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $132,028 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,618,203 |
| Compensation of current officers, directors, key employees. | $1,618,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,164,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,675,701 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,155,555 |
| Advertising and promotion | $0 |
| Office expenses | $345,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,260,272 |
| Travel | $74,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,792 |
| Interest | $35,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $602,717 |
| Insurance | $509,005 |
| All other expenses | $320,587 |
| Total functional expenses | $84,051,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,003,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,755,730 |
| Accounts receivable, net | $226,477 |
| 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 | $126,323 |
| Net Land, buildings, and equipment | $86,030,069 |
| Investments—publicly traded securities | $325,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,200 |
| Total assets | $108,593,584 |
| Accounts payable and accrued expenses | $33,646,483 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $3,250,000 |
| Other liabilities | $74,946,942 |
| Total liabilities | $112,343,425 |
| Net assets without donor restrictions | -$3,749,841 |
| 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 | $108,593,584 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborhood Association For Inter Cultural Affairs Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
New York Bar Foundation Albany, NY PURPOSE: NAICA LEGAL RIGHTS INITIATIVE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Association For Inter Cultural Affairs Inc Bronx, NY | $108,593,584 | $80,687,284 |
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 |