Evergreen Inc-Your North Brooklyn Business Exchange
- Assets
- $12.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Brooklyn, NY
- Founding
- 08/1983
- Data as of
- 12/2021
- 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 12/2021, Evergreen Inc-Your North Brooklyn Business Exchange employed 8 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 12/2021, Evergreen Inc-Your North Brooklyn Business Exchange generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 2021, EVERGREEN RENTED MANUFACTURING AND INDUSTRIAL RENTAL REAL ESTATE TO FOUR SMALL BUSINESSES AT A SUBSIDIZED RATE TO PRESERVE MANUFACTURING AND INDUSTRY IN NORTH BROOKLYN. IN ADDITION, EVERGREEN SUCCESSFULLY COMPLETED RENOVATION OF 500 STAGG STREET, EVERGREEN'S FIFTH BUILDING AND FIRST MULTI-TENANT FACILITY THAT WILL BE LEASED TO QUALIFIED SMALL BUSINESS IN THE FUTURE.
THE COVID PANDEMIC AND ITS MYRIAD CHALLENGES DIDNT SLOW DOWN EVERGREENS WORK IN 2021OUR TEAM OF FIVE SERVED 190 INDIVIDUAL BUSINESSES THROUGHOUT THE YEAR. FIFTY-SEVEN FIRMS SENT 70 ATTENDEES TO OUR INFORMATIONAL WORKSHOPS AND MULTI-WEEK SEMINARS AND 160 FIRMS RECEIVED ONE-ON-ONE ASSISTANCE FROM EVERGREEN STAFF ON OVER 234 ISSUES. WE HELPED 25 BUSINESSES QUALIFY FOR 26 LOANS FOR A TOTAL OF $2,030,550 IN FINANCING FOR COVID RECOVERY- PREDOMINANTLY PAYROLL, RENT AND WORKING CAPITAL. SINCE 2007, OUR STAFF HAS HELPED LOCAL BUSINESSES OBTAIN $61,597,523 IN FINANCING. WE HELPED 17 BUSINESSES NAVIGATE GOVERNMENT AGENCIES 20 TIMES RESULTING IN 18 SUCCESSFUL OUTCOMES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Archibald Executive Dir. | Officer | 35 | $134,600 |
Tod Greenfield Chairman | OfficerTrustee | 1 | $0 |
Joe Robles Jr President | OfficerTrustee | 1 | $0 |
Armando C Chapelliquen Vice President | OfficerTrustee | 1 | $0 |
Sandy Wiener Secretary | OfficerTrustee | 1 | $0 |
Wesley Watson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,650 |
| Fundraising events | $108,665 |
| Related organizations | $0 |
| Government grants | $539,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,828,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,507,962 |
| Total Program Service Revenue | $367,424 |
| 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 | $5,882,362 |
| 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. | $139,676 |
| Compensation of current officers, directors, key employees. | $45,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,894 |
| Pension plan accruals and contributions | $7,759 |
| Other employee benefits | $62,439 |
| Payroll taxes | $31,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,256 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,910 |
| Advertising and promotion | $0 |
| Office expenses | $19,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,369 |
| Travel | $1,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,652 |
| Insurance | $76,008 |
| All other expenses | $7,088 |
| Total functional expenses | $1,069,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,879 |
| Savings and temporary cash investments | $85,302 |
| Pledges and grants receivable | $137,142 |
| Accounts receivable, net | $17,050 |
| 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 | $34,226 |
| Net Land, buildings, and equipment | $12,143,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,491,258 |
| Accounts payable and accrued expenses | $503,287 |
| Grants payable | $0 |
| Deferred revenue | $2,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $35,944 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,940,535 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,482,666 |
| Net assets without donor restrictions | $3,588,592 |
| Net assets with donor restrictions | $6,420,000 |
| 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 | $12,491,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evergreen Inc-Your North Brooklyn Business Exchange has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |