East River Development Alliance Inc
- Assets
- $2.7m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 184
- Location
- Long Island City, NY
- Founding
- 01/2005
- Data as of
- 06/2021
- EIN
- 86-1096987
Organization Overview
East River Development Alliance Inc, operating under the name Urban Upbound, is located in Long Island City, NY. The organization was established in 2005. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Urban Upbound employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Upbound 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 06/2021, Urban Upbound generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 10.5% per year over the past 6 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
THE MISSION IS TO PROVIDE TENANTS OF PUBLIC HOUSING NEIGHBORHOODS THE TOOLS AND RESOURCES NEEDED TO ACHIEVE ECONOMIC MOBILITY AND SELF SUFFICIENCY, AND TO BREAK CYCLES OF POVERTY. INTEGRATED PROGRAMS INCLUDE EMPLOYMENT SERVICES, FINANCIAL COUNSELING, YOUTH DEVELOPMENT/COLLEGE ACCESS, CREDIT UNION SUPPORT AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT PROGRAMSEE SCHEDULE O
FINANCIAL CONSULTINGSEE SCHEDULE 0
EDUCATION ACCESS AND DEVELOPMENTSEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Taylor CEO | Officer | 35 | $184,230 |
David Miller CFO | Trustee | 35 | $0 |
Benjamin Lerer Chairman | Officer | 0 | $0 |
Karthik Krishnan Treasurer | Officer | 0 | $0 |
Brad Tully Member | Trustee | 0 | $0 |
Eric Gioia Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,078,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $837,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,915,893 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $229,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,145,499 |
| 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. | $184,230 |
| Compensation of current officers, directors, key employees. | $12,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,229,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $233,853 |
| Payroll taxes | $440,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,105 |
| Advertising and promotion | $0 |
| Office expenses | $100,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $405,953 |
| Travel | $116,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,103 |
| Interest | $25,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $44,566 |
| All other expenses | $302,669 |
| Total functional expenses | $6,823,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,554,707 |
| 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 | $16,470 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,379 |
| Total assets | $2,664,233 |
| Accounts payable and accrued expenses | $644,505 |
| 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 | $547,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,192,109 |
| Net assets without donor restrictions | $1,472,124 |
| 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 | $2,664,233 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that East River Development Alliance Inc has recieved totaling $282,561.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $160,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $100,000 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: PURCHASE OF COMPUTER EQUIPMENT. | $12,000 |
Consumer Credit Counseling Service Of San Francisco Concord, CA PURPOSE: HOUSING COUNSELING & EDUCATION | $8,561 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
2life Development Inc Brighton, MA | $71,180,944 | $18,442,494 |
East River Development Alliance Inc Long Island City, NY | $2,664,233 | $7,145,499 |
Habitat For Humanity International Inc Paterson, NJ | $19,525,437 | $11,477,809 |
Habitat For Humanity International Inc Yarmouth Port, MA | $9,542,224 | $5,229,112 |
Lancaster Area Habitat For Humanity Inc Lancaster, PA | $5,963,327 | $5,141,180 |
Green Mountain Habitat For Humanity Williston, VT | $6,106,072 | $4,490,260 |
Metropolitan Camden Habitat For Humanity Inc Cherry Hill, NJ | $1,174,752 | $3,056,249 |
Mesa Of N Y Inc Syracuse, NY | $17,850,923 | $2,659,402 |
Habitat For Humanity International Inc Reading, PA | $677,514 | $1,374,155 |
Bphc Northhampton Development Corp Inc Boston, MA | $21,203,432 | $1,699,614 |
Episcopal Church Home Foundation Inc Rochester, NY | $28,068,379 | $3,009,679 |
Bnai Brith Housing New England Inc Brighton, MA | $13,547,116 | $1,754,959 |