163rd Street Improvement Council Inc
- Assets
- $19.1m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Bronx, NY
- Founding
- 06/1981
- Data as of
- 06/2023
- EIN
- 13-2564957
Organization Overview
163rd Street Improvement Council Inc is located in Bronx, NY. The organization was established in 1981. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, 163rd Street Improvement Council Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 163rd Street Improvement Council Inc 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 06/2023, 163rd Street Improvement Council Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $8.3m during the year ending 06/2023. While expenses have increased by 13.5% per year over the past 8 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
THE ORGANIZATION PROVIDES HOUSING FOR LOW INCOME FAMILIES, SPECIAL NEEDS INDIVIDUALS, TENANT PLACEMENT AND NEIGHBORHOOD STABILIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OGDEN AVENUE RESIDENCE - IS A SINGLE ROOM OCCUPANCY SUPPORTED HOUSING PROGRAM. THE RESIDENCE HOUSES SINGLE ADULTS IN FORTY (40) SANITARY, SAFE AND FULLY FURNISHED STUDIO APARTMENTS. THE RESIDENCE IS ELEVATOR EQUIPPED AND HAS A LAUNDRY ROOM ON THE PREMISES. IT IS ACCESIBLE TO PUBLIC TRANSPORTATION, SUPPORTIVE SERVICES AND COMMUNITY RESOURCES. INTERNAL SUPPORT SERVICES AVAILABLE TO RESIDENTS/PARTICIPANTS INCLUDE VOCATIONAL, SUBSTANCE ABUSE, HEALTH AND NUTITIONAL COUSELING, CASE MANAGEMENT AND RECREATIONAL SERVICES. FURTHER, AN ARRAY OF EXTERNAL SERVICES IS AVAILABLE TO THE RESIDENTS/PARTICIPANTS THROUGH THE ORGANIZATION'S OFF-SITE REFERRAL NETWORK.
THE VERALYNE HAMILTON RESIDENCE - THIS 60-UNIT CONGERGATE CARE FACILITY HOUSES MEN AND WOMEN RECEIVED BY REFERRALS. THE PROGRAM PROVIDES A CONTINUUM OF CARE FOR LIVING WITH VARIOUS CHALLENGES. THAT CONTINUUM INCLUDES SUPPORTIVE SERVICES, CASE MANAGEMENT, AND SUBSTANCE ABUSE, MENTAL HEALTH, NUTRITION AND HEALTH COUNSELING.
FLOSSIE WILSON RESIDENCE - THIS 45-UNIT HOUSING PROGRAM PROVIDES RESIDENTIAL SERVICES THAT SUPPORT AND ASSIST INDIVIDUALS IN INTEGRATING WITH THE COMMUNITY. REHABILITATIVE IN NATURE, THE PROGRAM ENGAGES RESIDENTS IN SERVICES CONSISENT WITH THEIR DESIRE, TOLERANCE, AND CAPACITY TO PARTICIPATE. IT PROVIDES 24-HOUR ON-SITE STAFF COVERAGE AND IS DESIGNED TO ENABLE RESIDENTS TO LIVE AS INDEPENDENTLY AS POSSIBLE IN A STABLE COMMUNITY-BASED HOUSING ENVIRONMENT. SERVICES OFFERED BOTH ON-SITE AND OFF-SITE INCLUDE: SUBSTANCE ABUSE COUNSELING, CASE MANAGEMENT, ENTITLEMENT ADVOCACY, MEDICATION MANAGMENT, DENTAL CARE, MENTAL HEALTH TREATMENT, HOME CARE SERVICES, PEER EMPOWERMENT, AND MUCH MORE. LIKE ALL OUR RESIDENCES, FLOSSIE WILSON IS ELEVATOR EQUIPPED, WITH ON-SITE KITCHEN, LAUNDRY AND COMMUNITY ROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Wiley Chairman | Trustee | 2 | $0 |
Michael Bryant Treasurer | OfficerTrustee | 2 | $0 |
Maria Patterson Secretary | OfficerTrustee | 2 | $0 |
Chrstian Cortes Director | Trustee | 2 | $0 |
Winifred Bama Director | Trustee | 2 | $0 |
Osvaldo Pena Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,425,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,426,678 |
| Total Program Service Revenue | $780,096 |
| Investment income | $28 |
| 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 | $8,215,787 |
| 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. | $209,385 |
| Compensation of current officers, directors, key employees. | $69,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,850,549 |
| Pension plan accruals and contributions | $19,886 |
| Other employee benefits | $337,980 |
| Payroll taxes | $289,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,278 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $80,047 |
| Royalties | $0 |
| Occupancy | $461,602 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,708 |
| Interest | $11,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,505 |
| Insurance | $179,259 |
| All other expenses | $165,607 |
| Total functional expenses | $8,334,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,163 |
| Savings and temporary cash investments | $1,144,134 |
| Pledges and grants receivable | $2,481,645 |
| Accounts receivable, net | $388,100 |
| 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 | $9,625,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,752,467 |
| Intangible assets | $0 |
| Other assets | $17,454 |
| Total assets | $19,117,235 |
| Accounts payable and accrued expenses | $1,858,615 |
| Grants payable | $660,591 |
| 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 | $5,079,171 |
| Unsecured mortgages and notes payable | $555,617 |
| Other liabilities | $0 |
| Total liabilities | $8,153,994 |
| Net assets without donor restrictions | $10,963,241 |
| 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 | $19,117,235 |