Kingston Midtown Rising
- Assets
- $238.6k
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Kingston, NY
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-1665183
Organization Overview
Kingston Midtown Rising is located in Kingston, NY. The organization was established in 2017. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingston Midtown Rising 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, Kingston Midtown Rising generated $230.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $46.9k during the year ending 12/2021. 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
KINGSTON MIDTOWN RISING, INC, IS A NEIGHBORHOOD ORGANIZATION WORKING TOGETHER TO CREATE SPACES OF BEAUTY AND BELONGING FOR RESIDENTS OF MIDTOWN KINGSTON, NY. MEMBERS ADVOCATE FOR EDUCATIONAL, ECONOMIC, AND AFFORDABLE HOUSING OPPORTUNITIES FOR OUR NEIGHBORS AND WORK TO BUILD RELATIONSHIPS ACROSS RACIAL, CULTURAL AND SOCIOECONOMIC BOUNDARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIRST PART OF 2021 WAS SPENT BUILDING A BASE FOR THE CONNECT PROJECT, A COMMUNICATION PLATFORM THAT WAS MEANT TO FACILITATE THE DISTRIBUTION OF IMPORTANT INFORMATION AND RESOURCES TO THE RESIDENTS OF OUR COMMUNITY. FOLLOWING THE DEPARTURE OF OUR EXECUTIVE DIRECTOR AND ABSENT PAID STAFF, THIS PROJECT STALLED. HOWEVER, IN JUNE OF 2021 WE WERE APPROACHED BY THE NOVO FOUNDATION ABOUT WHETHER WE WOULD WANT TO PARTNER WITH THEM TO REDEVELOP A LAUNDROMAT IN OUR COMMUNITY. THE PROJECT WOULD PROVIDE AFFORDABLE LAUNDRY SERVICES AND FEATURE A COMMUNITY HUB THAT WE COULD PROGRAM WITH SUPPORT SERVICES AND RESOURCES FOR CLIENTS. THE REMAINDER OF 2021 WAS SPENT PREPARING THE SPACE, SOLICITING COMMUNITY INPUT FOR REDEVELOPMENT AND BUILDING A STAFFING PLAN FOR THE PROJECT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Scrugs Chairman | Officer | 20 | $0 |
Stephanie Costa Treasurer | Officer | 15 | $0 |
Peter Weyand Board Member | Trustee | 5 | $0 |
Greg Mccollough Board Member | Trustee | 5 | $0 |
Nadine Ferraro Board Member | Trustee | 5 | $0 |
Estelle Smith Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,790 |
| Total Program Service Revenue | $0 |
| Investment income | $57 |
| 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 | $230,847 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,400 |
| Office expenses | $1,634 |
| Information technology | $281 |
| Royalties | $0 |
| Occupancy | $134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86 |
| Insurance | $1,377 |
| All other expenses | $150 |
| Total functional expenses | $46,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,616 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $238,616 |
| 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 | $238,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingston Midtown Rising has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Daughter Of Miriam Association Clifton, NJ | $0 | $8,577,466 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Fox Lake Ahf Inc Newark, NJ | $17,499,126 | $5,986,974 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Evernorth Burlington, VT | $26,020,823 | $8,207,006 |