Evergreen Inc-Your North Brooklyn Business Exchange
- Assets
- $12.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Brooklyn, NY
- Founding
- 08/1983
- Data as of
- 12/2023
- EIN
- 11-2647339
Organization Overview
Evergreen Inc-Your North Brooklyn Business Exchange is located in Brooklyn, NY. The organization was established in 1983. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Evergreen Inc-Your North Brooklyn Business Exchange employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Inc-Your North Brooklyn Business Exchange 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 12/2023, Evergreen Inc-Your North Brooklyn Business Exchange generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INDUSTRIAL AND NEIGHBORHOOD DEVELOPMENT AND REVITALIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, EVERGREEN RENTED MANUFACTURING AND INDUSTRIAL RENTAL REAL ESTATE TO 7 SMALL BUSINESSES AT A SUBSIDIZED RATE TO PRESERVE MANUFACTURING AND INDUSTRY IN NORTH BROOKLYN.
IN 2023 EVERGREEN STAFF SERVED 181 INDIVIDUAL BUSINESSES. BUSINESS CLIENTS LOOKED TO EVERGREEN FOR A WIDE VARIETY OF SERVICES; THE MOST FREQUENTLY REQUESTED SERVICES WERE BUSINESS PLANNING AND ASSISTANCE ACCESSING FINANCING AND INCENTIVES. EVERGREEN WAS ABLE TO HELP EIGHT LOCAL FIRMS APPLY FOR 15 DIFFERENT INCENTIVES. EVERGREEN ANSWERED 50 REQUESTS FOR FINANCING RELATED INQUIRIES AND ASSISTANCE IN 2023. EVERGREEN HELPED BUSINESSES QUALIFY FOR THREE LOANS AND ONE GRANT FOR A TOTAL OF $227,360 IN FINANCING PREDOMINANTLY FOR WORKING CAPITAL. SINCE 2007, OUR STAFF HAS HELPED LOCAL BUSINESSES OBTAIN $62,349,883 IN FINANCING. TWENTY-NINE FIRMS ATTENDED OUR INFORMATIONAL WORKSHOPS AND 20 ATTENDED OUR MULTI-WEEK SEMINARS. ONE HUNDRED TWENTY-TWO FIRMS RECEIVED ONE-ON-ONE ASSISTANCE FROM EVERGREEN STAFF ON OVER 158 ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tod Greenfield Chairman | OfficerTrustee | 1 | $0 |
Joe Robles Jr President | OfficerTrustee | 1 | $0 |
Zachary Weiner Vice Chair | OfficerTrustee | 1 | $0 |
Ernie Wong Secretary | OfficerTrustee | 1 | $0 |
Winston White Treasurer | OfficerTrustee | 1 | $0 |
Gina Argento Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,475 |
| Fundraising events | $104,052 |
| Related organizations | $0 |
| Government grants | $441,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $724,273 |
| Total Program Service Revenue | $592,436 |
| Investment income | $0 |
| 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 | $1,372,487 |
| 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. | $141,487 |
| Compensation of current officers, directors, key employees. | $22,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,995 |
| Pension plan accruals and contributions | $16,595 |
| Other employee benefits | $61,494 |
| Payroll taxes | $33,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,016 |
| Fees for services: Accounting | $96,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $237,383 |
| Advertising and promotion | $0 |
| Office expenses | $36,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,804 |
| Travel | $12,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,333 |
| Insurance | $68,147 |
| All other expenses | $0 |
| Total functional expenses | $1,684,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,873 |
| Savings and temporary cash investments | $85,258 |
| Pledges and grants receivable | $95,585 |
| Accounts receivable, net | $8,430 |
| 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 | $35,318 |
| Net Land, buildings, and equipment | $11,681,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,499,878 |
| Accounts payable and accrued expenses | $197,389 |
| Grants payable | $0 |
| Deferred revenue | $527,535 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,852 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,509,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,294,236 |
| Net assets without donor restrictions | $3,496,042 |
| Net assets with donor restrictions | $6,709,600 |
| 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 | $12,499,878 |