Waterfront Alliance Inc
- Assets
- $1.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 13-4355067
Organization Overview
Waterfront Alliance Inc is located in New York, NY. The organization was established in 2007. 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 12/2021, Waterfront Alliance Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfront Alliance 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 12/2021, Waterfront Alliance Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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 FOR THE WATERFRONT ALLIANCE, INC.'S MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cortney Worrall President And CEO | OfficerTrustee | 40 | $195,000 |
Hillary Lane Secretary | OfficerTrustee | 2 | $0 |
Christopher O Ward Chair | OfficerTrustee | 2 | $0 |
Julie Pullen Treasurer | OfficerTrustee | 2 | $0 |
Kathy Robb Vice Chair | OfficerTrustee | 2 | $0 |
Constantine Sanoulis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $491,652 |
| Related organizations | $0 |
| Government grants | $598,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,067,150 |
| Noncash contributions included in lines 1a–1f | $15,086 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,156,957 |
| Total Program Service Revenue | $41,242 |
| Investment income | $162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$967 |
| Net Income from Fundraising Events | -$10,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,187,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,027 |
| Grants and other assistance to domestic individuals. | $7,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,000 |
| Compensation of current officers, directors, key employees. | $9,444 |
| Compensation to disqualified persons | $687,204 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,028 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,200 |
| Advertising and promotion | $15,125 |
| Office expenses | $12,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,793 |
| Travel | $8,964 |
| 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 | $15,037 |
| Insurance | $5,212 |
| All other expenses | $68,081 |
| Total functional expenses | $1,570,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,324 |
| Savings and temporary cash investments | $129,855 |
| Pledges and grants receivable | $903,107 |
| Accounts receivable, net | $125 |
| 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 | $49,325 |
| Net Land, buildings, and equipment | $13,668 |
| Investments—publicly traded securities | $15,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,501 |
| Other assets | $36,447 |
| Total assets | $1,397,130 |
| Accounts payable and accrued expenses | $67,988 |
| Grants payable | $0 |
| Deferred revenue | $103,622 |
| 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 | $22,027 |
| Total liabilities | $193,637 |
| Net assets without donor restrictions | $616,152 |
| Net assets with donor restrictions | $587,341 |
| 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 | $1,397,130 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Waterfront Alliance Inc has recieved totaling $453,925.
| Awarding Organization | Amount |
|---|---|
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $130,000 |
City Parks Foundation Inc New York, NY PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $125,000 |
Prospect Hill Foundation Inc New York, NY PURPOSE: COASTLINES PREPARED FOR CLIMATE CHANGE: THE WEDG RATING AND VERIFICATION SYSTEM | $50,000 |
Prospect Hill Foundation Inc New York, NY PURPOSE: COASTLINES PREPARED FOR CLIMATE CHANGE: THE WEDG RATING AND VERIFICATION SYSTEM | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $30,925 |
Prospect Hill Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |