Mosholu Preservation Corporation
- Assets
- $11.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Bronx, NY
- Founding
- 06/1982
- Data as of
- 12/2023
- EIN
- 13-3109387
Organization Overview
Mosholu Preservation Corporation is located in Bronx, NY. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Mosholu Preservation Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mosholu Preservation Corporation 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, Mosholu Preservation Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 2.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COMBAT COMMUNITY DETERIORATION AND PROVIDE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT OPPORTUNITIES IN THE COMMUNITIES SERVED BY THE MONTEFIORE ACADEMIC HEALTH SYSTEM.
Describe the Organization's Program Activity:
RENTAL OPERATIONS: THE ORGANIZATION RENTAL ACTIVITIES ARE UNDERTAKEN TO PROMOTE ECONOMIC DEVELOPMENT, COMBAT COMMUNITY DETERIORATION AND IMPROVE THE OVERALL QUALITY OF LIFE IN THE NEIGHBORHOODS SERVED BY THE MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM. THESE INITIATIVES INCLUDE ACQUIRING, CONSTRUCTING, OPERATING AND RENTING, REHABILITATING AND IMPROVING HOUSING, RELATED FACILITIES AND OTHER STRUCTURES AND PROPERTIES.
COMMUNITY SERVICES: THE ORGANIZATION PURPOSES ARE EXCLUSIVELY CHARITABLE AND FOR THE SUPPORT OF MONTEFIORE HEALTH SYSTEM THROUGH IMPROVING SOME OF THE SOCIAL DETERMINANTS OF HEALTH IN CREATING HEALTHIER COMMUNITIES. MOSHOLU PRESERVATION CORPORATION HAS BEEN A STAPLE IN THE COMMUNITY FOR ALMOST 40 YEARS AND HAS HELPED TO COMBAT COMMUNITY DETERIORATION BY PRESERVING NEIGHBORHOODS AND BUILDING COMMUNITIES. OUR EFFORTS INCLUDE COORDINATING BUSINESS IMPROVEMENT DISTRICTS, NEIGHBORHOOD BEAUTIFICATION PROJECTS, AND COMMUNITY SERVICES PROGRAMS THROUGHOUT THE COMMUNITIES SERVED BY THE MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM.
NEWSPAPER OPERATIONS: THE ORGANIZATION OPERATES THE NORWOOD NEWS (A FREE NEWSPAPER) TO FOSTER COMMUNICATION AMONG CITIZENS AND ORGANIZATIONS AND AS A CATALYST FOR NEIGHBORHOOD DEVELOPMENT EFFORTS. THE NORWOOD NEWS IS A COMMUNITY NEWSPAPER SERVING THE BRONX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Director/chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director/secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director - Ex-Officio | Trustee | 40 | $115,788 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $426,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $542,491 |
| Total Program Service Revenue | $2,255,581 |
| Investment income | $181,296 |
| 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 | $3,053,535 |
| 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. | $164,214 |
| Compensation of current officers, directors, key employees. | $164,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147,793 |
| Payroll taxes | $0 |
| Fees for services: Management | $134,488 |
| Fees for services: Legal | $18,161 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,063 |
| Advertising and promotion | $5,580 |
| Office expenses | $521,095 |
| Information technology | $1,556 |
| Royalties | $0 |
| Occupancy | $926,778 |
| Travel | $5,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $550,017 |
| Insurance | $9,583 |
| All other expenses | $947 |
| Total functional expenses | $3,331,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,204,045 |
| Pledges and grants receivable | $271,029 |
| Accounts receivable, net | $22,444 |
| 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 | $323,648 |
| Net Land, buildings, and equipment | $4,377,933 |
| Investments—publicly traded securities | $5,300,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,990 |
| Total assets | $11,700,342 |
| Accounts payable and accrued expenses | $68,293 |
| Grants payable | $0 |
| Deferred revenue | $1,391,240 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $200,990 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $308,738 |
| Total liabilities | $1,969,261 |
| Net assets without donor restrictions | $9,731,081 |
| 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 | $11,700,342 |