Two Bridges Neighborhood Council Inc
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 07/1967
- Data as of
- 06/2021
- EIN
- 13-6222626
Organization Overview
Two Bridges Neighborhood Council Inc is located in New York, NY. The organization was established in 1967. 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 06/2021, Two Bridges Neighborhood Council Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Bridges Neighborhood 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 06/2021, Two Bridges Neighborhood Council Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. 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
TWO BRIDGES NEIGHBORHOOD COUNCIL, INC. ("TBNC") HAS BEEN DEDICATED TO SERVING THE NEIGHBORHOODS OF MANHATTAN'S LOWER EAST SIDE SINCE 1954, CREATING AFFORDABLE HOUSING, CELEBRATING CULTURAL DIVERSITY AND WORKING WITH LOCAL RESIDENTS, BUSINESSES, ENTREPRENEURS AND LEADERS TO STIMULATE AND MAINTAIN ECONOMIC VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE NEW HOUSING, HUMAN SERVICES, COMMUNITY DEVELOPMENT AND TENANT ORGANIZING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor J Papa President | OfficerTrustee | 40 | $135,000 |
Anthony Giorgio Board Member | Trustee | 1 | $0 |
Martin S Baker Board Member | Trustee | 1 | $0 |
Francine James Board Member | Trustee | 1 | $0 |
Wynne Leung Kim Board Member | Trustee | 1 | $0 |
Carol Lamberg Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,475 |
| Total Program Service Revenue | $579,821 |
| Investment income | $109,211 |
| 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 | $1,093,603 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $672,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,946 |
| Payroll taxes | $58,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $950 |
| Fees for services: Accounting | $89,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,540 |
| Advertising and promotion | $0 |
| Office expenses | $30,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215 |
| Insurance | $26,361 |
| All other expenses | $562 |
| Total functional expenses | $1,019,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $46,380 |
| Accounts receivable, net | $0 |
| 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 | $9,810 |
| Net Land, buildings, and equipment | $809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,030,390 |
| Total assets | $3,225,086 |
| Accounts payable and accrued expenses | $62,093 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $387,158 |
| Other liabilities | $500,000 |
| Total liabilities | $949,251 |
| Net assets without donor restrictions | $2,275,835 |
| 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 | $3,225,086 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Two Bridges Neighborhood Council Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Edison Properties Newark Foundation Newark, NJ PURPOSE: GENERAL CHARITABLE | $5,000 |
Ong Family Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT 2020 | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |