Pratt Area Community Council Inc, operating under the name Impacct Brooklyn, is located in Broooklyn, NY. The organization was established in 1983. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Impacct Brooklyn employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impacct Brooklyn 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 06/2022, Impacct Brooklyn generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
IMPACCT BROOKLYN DEVELOPS, OWNS AND OPERATES AFFORDABLE HOUSING, INCLUDING SUPPORTIVE HOUSING SERVICESAND OTHER PROGRAMS AND SERVICES THAT IMPROVE THE WELL-BEING OF VULNERABLE AND/OR INDIVIDUALS FORMERLY LIVING WITH HOMELESSNESS. IMPACCT BROOKLYN PROVIDES DIRECT SUPPORTIVE HOUSING SERVICES AT OUR GIBB MANSION AND NAVY GREEN RESIDENCE. THESE FACILITIES HOUSES CHRONICALLY ILL AND LOW INCOME INDIVIDUALS. WE PROVIDE RESPONSIVE AND COMPASSIONATE CARE TO THE RESIDENTS WHO CALL IT HOME. ON STAFF ARE SOCIAL WORKERS, CASE MANAGERS, A RESIDENT MANAGER, COOK AND COOKING STAFF, A SUBSTANCE ABUSE SPECIALIST, AND ACTIVITIES COORDINATOR. RESIDENTS RECEIVE REGULAR COUNSELING ON A WEEKLY BASIS. GIBB MANSION IS ALWAYS BUSTLING WITH ACTIVITY. RESIDENTS SHARE FIVE FRESH, HOT MEALS PER WEEK, AND THE ACTIVITIES COORDINATOR KEEPS THE SCHEDULE FULL OF CLASSES, OUTINGS, PARTIES AND COMMUNITY EVENTS.THE COMMUNITY AT GIBB MANSION IS THRIVING AS STAFF AND RESIDENTS WORK TOGETHER TO CREATE A POSITIVE, HEALTHY AND EMPOWERING ENVIRONMENT THAT FACILITATES HEALING AND WELLNESS. IN FISCAL 2022 71 INDIVIDUALS WERE HOUSED, 50 CHRONICALLY ILL INDIVIDUALS ARE RECEIVING CASE MANAGEMENT AND COUNSELING. IMPACCT BROOKLYN'S OTHER SUPPORTIVE HOUSING IS FOUND AT 40 VANDERBILT AVENUE, NAVY GREEN. THIS 98-UNIT PERMANENT SUPPORTIVE HOUSING BUILDING IS PART OF A LARGE SCALE RESIDENTIAL COMPLEX NAMED NAVY GREEN WITH 458 UNITS OF MIXED INCOME HOUSING, OPEN GREEN SPACE, RETAIL FACILITY AND COMMUNITY SPACE. THE RESIDENCE IS COMPRISED OF STUDIO APARTMENTS FOR 59 SINGLE ADULTS THAT ARE CHRONICALLY ILL WITH SEVERE AND PERSISTENT MENTAL ILLNESS AND/OR CHEMICAL ADDITION. THE REMAINING 38 UNITS ARE FOR LOW INCOME COMMUNITY RESIDENTS. THERE IS ALSO A LIVE IN SUPERINTENDENT AND 24/7 STAFFED SECURITY ONSITE. SOCIAL SERVICES ARE OFFERED TO ALL RESIDENTS BY BROOKLYN COMMUNITY HOUSING AND SERVICES AND FUNDED THROUGH THE HISTORIC NY/NY III PARTNERSHIP BETWEEN NYC AND NYS THROUGH THE DEPARTMENT OF HEALTH AND MENTAL HYGIENE.
AFFORDABLE HOUSING DEVELOPMENT WORKS WITH COMMUNITY MEMBERS, GOVERNMENT OFFICIALS AND AGENCIES, FINANCIAL INSTITUTIONS AND DEVELOPERS TO BUILD AND PRESERVE AFFORDABLE AND SUPPORTIVE HOUSING UNITS FOR VERY LOW TO MODERATE INCOME HOUSEHOLDS. AS PART OF THE ORGANIZATIONS MISSION OF ENSURING THE LONG TERM AFFORDABILITY OF HOUSING FOR LOW INCOME RESIDENTS. IMPACCT BROOKLYN HAS COMMITTED 143 UNITS TO THE JOINT OWNERSHIP ENTITY (THE JOENY) AS PART OF A JOINT VENTURE WITH BRIDGE STREET LOCAL DEVELOPMENT, SNA, AND BEDFORD STUYVESANT RESTORATION CORPORATION TO PRESERVE OVER 500 UNITS OF AFFORDABLE HOUSING. WE HAVE A PIPELINE OF AFFORDABLE HOUSING PROJECTS THAT INCLUDE MISSION / FAITH BASED DEVELOPMENT WITH A FOCUS ON SENIOR HOUSING. IN ADDITION, WORKING WITH THE CITY OF NY AND NEW YORK STATE WE WILL BE BUILDING ANOTHER SUPPORTIVE HOUSING FACILITY FOR SENIORS LIVING WITH CHRONIC MENTAL ILLNESS LOCATED IN BEDFORD STUYVESANT, BROOKLYN.
OUR ECONOMIC DEVELOPMENT DEPARTMENT SERVES THE SMALL BUSINESS COMMUNITY IN CENTRAL BROOKLYN BY PROVIDING TECHNICAL SUPPORT, COMMERCIAL LEASING SERVICES AND PRO-BONO LEGAL SERVICES THROUGH THE LAW FIRM STROOCK & STROOCK. IMPACCT BROOKLYN ALSO SERVES ON THE BOARD OF THE MARP AND FULTON STREET BUSINESS IMPROVEMENT DISTRICTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Abdul-Rahman Lediju Director | Trustee | 0.5 | $0 |
Cynthia Boyce Outgoing Director | Trustee | 0.5 | $0 |
David Hanzel Director | Trustee | 0.5 | $0 |
Desiree Frieson Director | Trustee | 0.5 | $0 |
Imani Griszell Secretary | Trustee | 0.5 | $0 |
Jessica Katz Outgoing Director | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bates Consulting Group Consulting | 6/29/22 | $276,790 |
Winfield Security Corporation Security Services | 6/29/22 | $190,073 |
Mission Leads Inc Resource Development+fundraising Consult | 6/29/22 | $138,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,306,842 |
All other contributions, gifts, grants, and similar amounts not included above | $740,027 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,046,869 |
Total Program Service Revenue | $899,903 |
Investment income | $2,578 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $406,443 |
Net Gain/Loss on Asset Sales | -$900,092 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,597,570 |
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. | $301,114 |
Compensation of current officers, directors, key employees. | $79,788 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,899,519 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $189,748 |
Payroll taxes | $156,778 |
Fees for services: Management | $0 |
Fees for services: Legal | $104,985 |
Fees for services: Accounting | $50,668 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $105,333 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $508,969 |
Advertising and promotion | $22,933 |
Office expenses | $77,861 |
Information technology | $51,615 |
Royalties | $0 |
Occupancy | $369,283 |
Travel | $21,889 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,219 |
Interest | $35,812 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $82,659 |
Insurance | $71,064 |
All other expenses | $54,440 |
Total functional expenses | $4,717,825 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,241,256 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,785,802 |
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 | $20,822 |
Net Land, buildings, and equipment | $470,337 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,594,423 |
Total assets | $10,112,640 |
Accounts payable and accrued expenses | $1,460,116 |
Grants payable | $108,750 |
Deferred revenue | $1,313,446 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $148,128 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $775,380 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,882,379 |
Total liabilities | $8,688,199 |
Net assets without donor restrictions | $1,422,571 |
Net assets with donor restrictions | $1,870 |
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 | $10,112,640 |