Harlem Congregations For Community Improvement Inc
- Assets
- $22.8m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 34
- Location
- New York, NY
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 13-3516262
Organization Overview
Harlem Congregations For Community Improvement Inc, operating under the name Hcci Inc, is located in New York, NY. The organization was established in 1989. 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 06/2022, Hcci Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hcci 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 06/2022, Hcci Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES AND EMPOWERMENT OF HARLEM RESIDENTS TO REBUILD THEIR COMMUNITY. THE GOALS ARE AFFORDABLE RENTAL HOUSING AND OWNERSHIP, JOB TRAINING, COMMUNITY YOUTH PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCATTERED SITE HOUSING PROGRAM ENHANCED THE HEALTH AND WELLNESS DIVISION TO IMPROVE RESIDENT MENTAL AND PHYSICAL HEALTH OUTCOMES; MANAGED THE AFFORDABLE AND ELDERLY HOUSING PROGRAM FOR 310 RESIDENTS; AND MANAGED THE SCATTERSITE HOUSING PROGRAM FOR 60 RESIDENTS WITH HEALTH CHALLENGES.
SCATTERED SITE HOUSING PROGRAM ENHANCED THE HEALTH AND WELLNESS DIVISION TO IMPROVE RESIDENT MENTAL AND PHYSICAL HEALTH OUTCOMES; MANAGED THE AFFORDABLE AND ELDERLY HOUSING PROGRAM FOR 310 RESIDENTS; AND MANAGED THE SCATTERSITE HOUSING PROGRAM FOR 60 RESIDENTS WITH HEALTH CHALLENGES.
THE OFFICE OF REAL ESTATE DEVELOPMENT (ORED) COORDINATES THE DEVELOPMENT OF LOW, MODERATE, AND MIDDLE INCOME HOUSING IN THE HARLEM COMMUNITY. HCCI IS AN AFFILIATE AND GENERAL PARTNER IN THE LOW INCOME HOUSING TAX CREDIT DEVELOPMENT FOR MORE THAN 1700 UNITS OF HOUSING AND MORE THAN 40 COMMERCIAL SPACES.COMMUNITY PLANNING AND DEVELOPMENT INCLUDES BUT NOT LIMITED TO SOCIAL SERVICES TO SENIORS LOCATED IN THE DIFFERENT LOCATIONS OWNED AND CO-OWNED BY HCCI THAT SERVES MORE THAN 200 SENIORS. SOCIAL INTIASTIVES OF HCCI THROUGH - EQUITABLE DEVELOPMENT INITIATIVES (EDI) GEARED UP TO ASSIST RESIDENTS IN THE HARLEM TO ACQUIRE AFFORDABLE HOUSES THROUGH THE NEW YORK CITY MORTGAGE COALITION FINANCIAL LITERARY, FIRST TIME BUYER COUNSELING AND FORECLOSURE PREVENTION. HCCI SERVES THE TARGET DEMOGRAPHICS BY THE HUNDREDS ANNUALLY ON THIS PROGRAM.ENHANCED THE HEALTH AND WELLNESS DIVISION TO IMPROVE RESIDENT MENTAL AND PHYSICAL HEALTH OUTCOMES, MANAGED THE AFFORDABLE AND ELDERLY HOUSING PROGRAM FOR 310 RESIDENTS. MANAGED THE SCATTERSITE HOUSING PROGRAM FOR 60 RESIDENTS WITH HEALTH CHALLENGES.
THE OFFICE OF REAL ESTATE DEVELOPMENT (ORED) COORDINATES THE DEVELOPMENT OF LOW, MODERATE, AND MIDDLE INCOME HOUSING IN THE HARLEM COMMUNITY. HCCI IS AN AFFILIATE AND GENERAL PARTNER IN THE LOW INCOME HOUSING TAX CREDIT DEVELOPMENT FOR MORE THAN 1700 UNITS OF HOUSING AND MORE THAN 40 COMMERCIAL SPACES.COMMUNITY PLANNING AND DEVELOPMENT INCLUDES BUT NOT LIMITED TO SOCIAL SERVICES TO SENIORS LOCATED IN THE DIFFERENT LOCATIONS OWNED AND CO-OWNED BY HCCI THAT SERVES MORE THAN 200 SENIORS. SOCIAL INTIASTIVES OF HCCI THROUGH - EQUITABLE DEVELOPMENT INITIATIVES (EDI) GEARED UP TO ASSIST RESIDENTS IN THE HARLEM TO ACQUIRE AFFORDABLE HOUSES THROUGH THE NEW YORK CITY MORTGAGE COALITION FINANCIAL LITERARY, FIRST TIME BUYER COUNSELING AND FORECLOSURE PREVENTION. HCCI SERVES THE TARGET DEMOGRAPHICS BY THE HUNDREDS ANNUALLY ON THIS PROGRAM.ENHANCED THE HEALTH AND WELLNESS DIVISION TO IMPROVE RESIDENT MENTAL AND PHYSICAL HEALTH OUTCOMES, MANAGED THE AFFORDABLE AND ELDERLY HOUSING PROGRAM FOR 310 RESIDENTS. MANAGED THE SCATTERSITE HOUSING PROGRAM FOR 60 RESIDENTS WITH HEALTH CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm A Punter Ed D MBA President & CEO | Officer | 35 | $143,100 |
Sherill Henry Deputy Dir R/e | 35 | $100,700 | |
Rev Dr Keith W Roberson I Chairperson | OfficerTrustee | 2 | $0 |
Rev Dr Nigel Pearce D Min 1st Vice Chair | OfficerTrustee | 0.5 | $0 |
George H Weldon Jr 2nd Vice Chair | OfficerTrustee | 0.5 | $0 |
Rev Shepherd Lee Sr Mdiv 3rd Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,440,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,464,441 |
| Total Program Service Revenue | $1,545,192 |
| 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 | $155,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,064,040 |
| 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. | $243,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,099,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,500 |
| Fees for services: Accounting | $106,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $343,388 |
| Advertising and promotion | $8,249 |
| Office expenses | $210,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $869,535 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,084 |
| Interest | $78,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $95,160 |
| All other expenses | $0 |
| Total functional expenses | $4,255,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $304,084 |
| Accounts receivable, net | $4,097,103 |
| 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 | $219,262 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,826,673 |
| Intangible assets | $0 |
| Other assets | $1,011,134 |
| Total assets | $22,784,920 |
| Accounts payable and accrued expenses | $2,004,710 |
| Grants payable | $0 |
| Deferred revenue | $147,162 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $878,384 |
| Other liabilities | $12,002,985 |
| Total liabilities | $15,033,241 |
| Net assets without donor restrictions | $7,705,879 |
| Net assets with donor restrictions | $45,800 |
| 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 | $22,784,920 |