St Nicks Alliance Corp
- Assets
- $44.4m
- Revenue
- $35.6m
- Investments
- $0.0
- Employees
- 343
- Location
- Brooklyn, NY
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 51-0192170
Organization Overview
St Nicks Alliance Corp is located in Brooklyn, NY. The organization was established in 1976. 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, St Nicks Alliance Corp employed 343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Nicks Alliance Corp 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, St Nicks Alliance Corp generated $35.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $35.1m during the year ending 12/2021. While expenses have increased by 9.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NONSECTARIAN COMMUNITY DEVELOPMENT ORGANIZATION COMMITTED TO COMPREHENSIVE NEIGHBORHOOD REVITALIZATION OF THE WILLIAMSBURG-GREENPOINT SECTIONS IN BROOKLYN, NY
Describe the Organization's Program Activity:
HOUSING DEVELOPMENT, MANAGEMENT, AND SUPPORT - FINANCE, MANAGE, AND SUSTAIN 1,700 UNITS FOR LOW INCOME PEOPLE. WE SUPPORTED NEW AND PRESERVED AFFORDABLE UNITS OF 1,600, WHILE PREVENTING ILLEGAL EVICTION OF 1,000 PEOPLE.
YOUTH AND EDUCATION - ST. NICKS PROVIDED 6,000 YOUTH WITH AFTERSCHOOL, EDUCATION AND YOUTH DEVELOPMENT ACTIVITIES
WORKFORCE DEVELOPMENT - ST. NICKS TRAINED 199 PEOPLE, PLACED 238 IN PERMANENT EMPLOYMENT, AND ASSISTED 507 PEOPLE IN ESOL AND 441 IN ADULT BASIC EDUCATION/HSE.
ELDER CARE - ST. NICKS CARE FOR 600 SENIORS IN HOUSING, ASSISTED LIVING, HOMECARE AND COMMUNITY CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rochford Executive Director | Officer | 35 | $268,944 |
Frank Lang Housing Director | 35 | $212,448 | |
Cindy Ross Director Of Finance | Officer | 28.8 | $189,100 |
Larry Rothchild Director Of Workforce Dev. | 35 | $170,680 | |
Jose Leon Deputy Executive Director | Officer | 35 | $154,602 |
Debra Sue Lorenzen Director Of Youth & Ed. | 26 | $143,426 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ciela Corp Sofrware Services | 12/30/21 | $155,756 |
Partnership With Children Inc Social Services | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $258,040 |
| Membership dues | $0 |
| Fundraising events | $167,285 |
| Related organizations | $248,223 |
| Government grants | $22,496,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,230,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,400,891 |
| Total Program Service Revenue | $9,821,655 |
| Investment income | $121,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,210,979 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,596,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,279,461 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $734,382 |
| Compensation of current officers, directors, key employees. | $110,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,417,863 |
| Pension plan accruals and contributions | $874,530 |
| Other employee benefits | $1,314,227 |
| Payroll taxes | $2,097,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,130 |
| 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 | $170,365 |
| Advertising and promotion | $117,749 |
| Office expenses | $597,064 |
| Information technology | $130,209 |
| Royalties | $0 |
| Occupancy | $1,166,286 |
| Travel | $18,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,624 |
| Interest | $161,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,804 |
| Insurance | $591,816 |
| All other expenses | $734,879 |
| Total functional expenses | $35,111,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,448,962 |
| Savings and temporary cash investments | $4,226,186 |
| Pledges and grants receivable | $95,489 |
| Accounts receivable, net | $18,666,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,082,199 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,316 |
| Net Land, buildings, and equipment | $14,715,806 |
| Investments—publicly traded securities | $1,902,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,188,549 |
| Total assets | $44,353,994 |
| Accounts payable and accrued expenses | $2,308,979 |
| 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 | $3,522,628 |
| Unsecured mortgages and notes payable | $11,032,561 |
| Other liabilities | $4,605,345 |
| Total liabilities | $21,469,513 |
| Net assets without donor restrictions | $21,509,000 |
| Net assets with donor restrictions | $1,375,481 |
| 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 | $44,353,994 |
Grants Awarded
Over the last fiscal year, St Nicks Alliance Corp has awarded $108,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: EAP PROGRAM | $82,400 |
New York, NY PURPOSE: COMMUNITY PRESERVATION PROGRAM | $14,000 |
New York, NY PURPOSE: COMMUNITY PRESERVATION PROGRAM | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that St Nicks Alliance Corp has recieved totaling $780,987.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $205,335 |
Pinkerton Foundation New York, NY PURPOSE: AFTER SCHOOL & SUMMER LEARNING | $200,000 |
Communities Resist Brooklyn, NY PURPOSE: EDUCATIONAL AND COUNSELING SERVICES | $116,321 |
United Neighborhood Houses Of New York Inc New York, NY PURPOSE: Program support | $88,684 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Core Services Group Inc Brooklyn, NY | $39,760,197 | $115,882,548 |
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |