Ahrc Nyc New Projects Inc
- Assets
- $54.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1991
- Data as of
- 06/2020
- EIN
- 13-3587176
Organization Overview
Ahrc Nyc New Projects Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahrc Nyc New Projects 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 06/2020, Ahrc Nyc New Projects Inc generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIVING ACCOMMODATIONS FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHRC NYC NEW PROJECTS HOLDS TITLE TO REAL PROPERTY AND MANAGES THEIR FINANCING. ITS MISSION IS TO ACQUIRE, OWN, LEASE, SELL, AND MAINTAIN REAL PROPERTY OR ANY IMPROVEMENTS SUITABLE FOR THE ESTABLISHMENT AND OPERATION OF CERTIFIED RESIDENTIAL FACILITIES AND LIVING ACCOMMODATIONS FOR PERSONS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Murphy ESQ President | OfficerTrustee | 0.8 | $0 |
Angelo Aponte Vice President | OfficerTrustee | 0.8 | $0 |
Stephen Brodsky ESQ Treasurer/secretary | OfficerTrustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Falcon Pacific Construction Llc Construction | 6/29/21 | $789,383 |
Atalian Us Northeast Llc Facilities Maintenance | 6/29/21 | $326,549 |
Watch Guard 247 Llc Security Services | 6/29/21 | $247,826 |
Nouveau Elevator Industries Inc Elevator Maintenance | 6/29/21 | $158,304 |
Helmsley Spear Llc Management Services | 6/29/21 | $108,957 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $395,102 |
| 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 | $4,603,920 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,660 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $798,589 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $853,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,266,968 |
| Insurance | $51,914 |
| All other expenses | $0 |
| Total functional expenses | $4,029,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,774 |
| 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 | $4,757,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,518,142 |
| Total assets | $54,911,490 |
| Accounts payable and accrued expenses | $168,108 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,522,707 |
| Escrow or custodial account liability | $587,688 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,996,674 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,700,495 |
| Total liabilities | $54,975,672 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$64,182 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ahrc Nyc New Projects Inc has recieved totaling $486,016.
| Awarding Organization | Amount |
|---|---|
Taft Foundation New York, NY PURPOSE: PARTNERSHIP WITH NYC DSS: PII 2018-2021 | $143,008 |
Taft Foundation New York, NY PURPOSE: PARTNERSHIP WITH NYC DSS: PII 2018-2021 | $143,008 |
Taft Foundation New York, NY PURPOSE: COVID-19 EMERGENCY GRANT | $100,000 |
Taft Foundation New York, NY PURPOSE: COVID-19 EMERGENCY GRANT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arc Of New Jersey Inc Tinton Falls, NJ | $32,706,296 | $21,009,915 |
Nysarc Inc Mellenville, NY | $10,700,882 | $19,436,848 |
Nysarc Inc Canandaigua, NY | $15,262,327 | $18,465,487 |
Nysarc Inc Tupper Lake, NY | $12,509,842 | $19,561,322 |
The Arc Of Hunterdon County Inc Hampton, NJ | $9,566,247 | $19,729,905 |
Human First Inc New York, NY | $12,690,892 | $16,902,153 |
Highbridge Advisory Council Day Care & Senior Citizens Center Inc Bronx, NY | $1,780,427 | $17,667,102 |
United Community Independence Programs Inc Meadville, PA | $12,839,930 | $19,323,193 |
Bradley Center Pittsburgh, PA | $22,521,384 | $19,532,666 |
South Shore Support Services Inc Weymouth, MA | $2,878,959 | $17,706,112 |
Communitas Inc Wakefield, MA | $10,107,493 | $17,984,942 |
The Arc Of Opportunity In North Central Massachusetts Inc Fitchburg, MA | $18,467,193 | $18,583,549 |