Ariva Inc
- Assets
- $3.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 51
- Location
- Bronx, NY
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 32-0028598
Organization Overview
Ariva Inc is located in Bronx, NY. The organization was established in 2003. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Ariva Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ariva 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 12/2022, Ariva Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BRING ECONOMIC JUSTICE, OPPORTUNITY AND INCLUSION TO OUR BRONX NEIGHBORS AND OTHER UNDERSERVED COMMUNITIES ACROSS NEW YORK CITY. WE ENVISION A WORLD WHERE ALL NEW YORK CITY RESIDENTS EXPERIENCE ECONOMIC JUSTICE, FINANCIAL INCLUSION AND THE OPPORTUNITY TO BUILD FINANCIALLY EMPOWERED AND PROSPEROUS LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARIVA'S VITA PROGRAM COMPLETED ITS 19TH SEASON IN 2022. WE ARE THE LARGEST AND ONE OF THE MOST ESTABLISHED FREE INCOME TAX PROGRAMS BASED IN THE BRONX. IN 2022, WE PREPARED 6,850 RETURNS AT TEN TAX SITES, BRINGING OVER 12.6 MILLION IN REFUNDS TO THE COMMUNITY. IN ADDITION, WE HELPED 411 IMMIGRANTS APPLY FOR NEW ITIN NUMBERS AND PREPARED 133 ITIN RENEWAL APPLICATIONS.
ARIVA PROVIDES FREE FINANCIAL COUNSELING AND COACHING TO LOWER INCOME NEW YORKERS BOTH AS A STANDALONE EFFORT AND INTEGRATED WITH OUR FREE TAX PROGRAM. WE OFFER COMPREHENSIVE FINANCIAL COUNSELING SERVICES AT SEVERAL NONPROFIT PARTNER ORGANIZATIONS IN LOW-INCOME NEIGHBORHOODS AROUND NEW YORK CITY. IN ADDITION TO OFFERING PERSONAL FINANCIAL COUNSELING TO THE GENERAL PUBLIC, WE HAVE EXPERTISE IN SPECIALIZED COUNSELING TO PEOPLE APPLYING FOR AFFORDABLE HOUSING, RECENT IMMIGRAMTS, MICROENTREPRENEURS AND VERY LOW INCOME NEW YORKERS. OUR PRIORITY IS REACHING PEOPLE WHO HAVE DIFFICULTY PARTICIPATING IN THE FINANCIAL MAINSTREAM. IN 2022, 3,471 CLIENTS RECEIVED ONE-ON-ONE FINANCIAL COUNSELING THROUGH OUR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakia Williams Board Member | Trustee | 0.5 | $0 |
Natalie Losada Board Member | Trustee | 0.5 | $0 |
Heng Ly Board Member | Trustee | 0.5 | $0 |
Nicholas Arture Board Member | Trustee | 0.5 | $0 |
Walter Blenman Board Member | Trustee | 0.5 | $0 |
Susan Grbic Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,617,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $687,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,304,854 |
| Total Program Service Revenue | $0 |
| Investment income | $30,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,115 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,348,145 |
| 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. | $156,280 |
| Compensation of current officers, directors, key employees. | $31,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,008,496 |
| Pension plan accruals and contributions | $17,228 |
| Other employee benefits | $50,849 |
| Payroll taxes | $105,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,616 |
| Advertising and promotion | $0 |
| Office expenses | $71,714 |
| Information technology | $51,182 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| 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 | $14,128 |
| Insurance | $16,203 |
| All other expenses | $33,251 |
| Total functional expenses | $1,794,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,105 |
| Savings and temporary cash investments | $711,901 |
| Pledges and grants receivable | $626,786 |
| 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 | $4,492 |
| Net Land, buildings, and equipment | $57,965 |
| Investments—publicly traded securities | $1,437,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,612 |
| Total assets | $3,175,477 |
| Accounts payable and accrued expenses | $102,714 |
| Grants payable | $0 |
| Deferred revenue | $60,340 |
| 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 | $98,817 |
| Total liabilities | $261,871 |
| Net assets without donor restrictions | $2,771,753 |
| Net assets with donor restrictions | $141,853 |
| 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 | $3,175,477 |