Kingsbridge Riverdale Van Cortland Development Corporation
- Assets
- $29.6k
- Revenue
- $211.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Bronx, NY
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 13-3097905
Organization Overview
Kingsbridge Riverdale Van Cortland Development Corporation is located in Bronx, NY. The organization was established in 1982. 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 06/2022, Kingsbridge Riverdale Van Cortland Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsbridge Riverdale Van Cortland Development Corporation 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, Kingsbridge Riverdale Van Cortland Development Corporation generated $211.2k 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 (11.1%) each year. All expenses for the organization totaled $223.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) 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
FOUNDED IN 1981, THE KINGSBRIDGE-RIVERDALE-VAN CORTLANDT DEVELOPMENT CORPORATION (KRVC), A NOT-FOR-PROFIT ORGANIZATION, AIMS TO ENCOURAGE AND SUPPORT LOCAL INITIATIVES THAT WILL BUILD AND ENRICH OUR COMMUNITY THROUGH SOCIAL, CULTURAL, ENVIRONMENTAL, HEALTH, HOUSING, EDUCATIONAL AND BUSINESS ENTERPRISES. OUR TARGET AREA IS THE BUSINESS AND RESIDENTIAL COMMUNITY COMPRISED OF KINGSBRIDGE, KINGSBRIDGE HEIGHTS, MARBLE HILL, RIVERDALE, SPUYTEN DUYVIL, FIELDSTON, WOODLAWN AND VAN CORTLANDT VILLAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
505BX EVENTS - A SERIES OF EVENTS PRODUCED AT OUR COMMUNITY SPACE, 505BX. THE SPACE IS A SMALL STOREFRONT LOCATED AT 505 WEST 236TH STREET, BRONX, NY. IT FEATURES A SMALL INDOOR AND OUTDOOR SPACE, A STAGE AND A GALLERY WALL. THE GALLERY WALL, GALLERY 505, FEATURED THE WORK OF THREE BRONX ARTISTS IN 2021-2022. EACH ARTIST HAD AN OPENING RECEPTION WITH LIVE MUSIC AND REFRESHMENTS. THE EXHIBITS WERE WORKS THROUGH TIME BY DORIS CORDERO. THE MUSICIAN FOR OPENING EVENT WAS SINUHE PADILLA ISUNZA. EMPHEMERAL BY IRA MERRITT. HIS OPENING EVENT FEATURED A PRESENTATION BY STEPHANIE EHRICH, EXECUTIVE DIRECTOR, VAN CORTLANDT PARK ALLIANCE AND MUSIC BY SINUHE; AND "FEELINGS ON A PAGE" BY ADENA BLICKSTEIN. THE MUSIC FOR OPENING EVENT WAS BY SCOTT BRAVO AND TOGETHER ADENA AND SCOTT PERFORMED TO DESCRIBE HER ARTWORK. OTHER EVENTS PRODUCED AT 505BX IN 2021-2022 INCLUDED SANTA AT KRVC AND A SERIES OF MONDAY FUNDAYS, WHICH ARE LIKE MINI-FESTIVALS IN FRONT OF OUR SPACE FEATURING STREET PERFORMERS, FACE PAINTING, MUSIC, REFRESHMENTS, CRAFTS AND MORE.
KRVC PRODUCED TWO MAJOR COMMUNITY EVENTS IN 2021-22. THEY INCLUDED A KINGSBRIDGE ART AND MUSIC FESTIVAL AND A JAZZ CONCERT AT AMALGAMATED HOUSES. THE FESTIVAL INCLUDED A FACE PAINTER, STREET PERFORMERS AND A DJ FUNDED BY KRVC AND THE MUSICIANS FOR THE JAZZ CONCERT WERE THE SARAH JANE CION TRIO. THAT EVENT ALSO INCLUDED REFRESHMENTS.
KRVC PRODUCED OUR FIRST FILM IN 2021-22. IT FEATURED BRONX ACTORS AND WAS FILMED IN BRONX LOCATIONS. THE FILM CREW, CAST, FOOD, TRANSPORTATION, EQUIPMENT RENTALS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Mccabe Shelton Executive Director | Officer | 35 | $37,668 |
Petr Stand Member | Officer | 1 | $0 |
Jerald Kreppel Member | Officer | 1 | $0 |
Terhi Edwards Chair | Officer | 1 | $0 |
Mego Gojka Member | Officer | 1 | $0 |
Orlando Kross Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,240 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $211,241 |
| 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. | $47,138 |
| Compensation of current officers, directors, key employees. | $22,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,991 |
| Payroll taxes | $12,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,500 |
| Advertising and promotion | $1,717 |
| Office expenses | $14,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,497 |
| Travel | $9,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,837 |
| Insurance | $5,288 |
| All other expenses | $33,428 |
| Total functional expenses | $223,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $11,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,604 |
| Accounts payable and accrued expenses | $0 |
| 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 | $24,657 |
| Total liabilities | $24,657 |
| Net assets without donor restrictions | $4,947 |
| 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 | $29,604 |