South End Improvement Corporation
- Assets
- $195.6k
- Revenue
- $185.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Albany, NY
- Founding
- 10/1981
- Data as of
- 05/2022
- EIN
- 14-1604145
Organization Overview
South End Improvement Corporation is located in Albany, NY. The organization was established in 1981. 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 05/2022, South End Improvement Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South End Improvement 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 05/2022, South End Improvement Corporation generated $185.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $323.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS STEWARDS OF THE SOUTH END, WE PROMOTE NEIGHBORHOOD HOUSING THROUGH PRESERVATION AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS STEWARDS OF THE SOUTH END, WE PROMOTE NEIGHBORHOOD HOUSING THROUGH PRESERVATION AND DEVELOPMENT. OUR VISION IS A DIVERSE, VIBRANT AND INCLUSIVE COMMUNITY WHERE RESIDENTS HAVE EQUAL ACCESS TO SERVICE AND QUALITY HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Mckinley President | OfficerTrustee | 2 | $0 |
Genevieve Walters Board Member | Trustee | 1 | $0 |
Nellie Morton Board Member | Trustee | 1 | $0 |
John Hayko Board Member | Trustee | 1 | $0 |
Sean Desiree Board Member | Trustee | 1 | $0 |
Laura Travison Executive Director | Officer | 37.5 | $59,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,655 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,159 |
| Total Program Service Revenue | $59,952 |
| 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 | $185,111 |
| 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. | $63,154 |
| Compensation of current officers, directors, key employees. | $50,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,851 |
| Payroll taxes | $11,519 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,126 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,987 |
| Insurance | $11,384 |
| All other expenses | $0 |
| Total functional expenses | $323,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,820 |
| 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 | $2,020 |
| Net Land, buildings, and equipment | $181,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,614 |
| Accounts payable and accrued expenses | $53,982 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| 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 | $308,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,666 |
| Total liabilities | $365,927 |
| Net assets without donor restrictions | -$170,313 |
| 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 | $195,614 |