Better Community Neighborhoods Inc
- Assets
- $2.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Schenectady, NY
- Founding
- 04/1969
- Data as of
- 06/2021
- EIN
- 14-1504550
Organization Overview
Better Community Neighborhoods Inc is located in Schenectady, NY. The organization was established in 1969. 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, Better Community Neighborhoods Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Community Neighborhoods 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, Better Community Neighborhoods Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 32.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH LOCAL KNOWLEDGE, EXPERTISE AND PARTNERSHIPS, DEVELOP AND DELIVER RESOURCES TO CREATE OPPORTUNITY FOR PRESENT AND FUTURE NEIGHBORHOOD RESIDENTS THROUGH QUALITY, AFFORDABLE HOUSING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETTER COMMUNITY NEIGHBORHOODS, INC. HAS ONE PROGRAM - TO AID, INITIATE AND STIMULATE THE IMPROVEMENT OF THE LIVABILITY AND PROPERTY VALUES OF THE CITY AND COUNTY OF SCHENECTADY, AND THE COMMUNITIES IN THE SURROUNDING COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennica Huff CEO | Officer | 40 | $122,596 |
Charles Kilbourne President | OfficerTrustee | 1 | $0 |
Sharon Jordan Vice President | OfficerTrustee | 1 | $0 |
Deb Giroux Secretary | OfficerTrustee | 1 | $0 |
Mary Beth Labate Treasurer | OfficerTrustee | 1 | $0 |
Mary D'alessandro-Gilmore Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unlimited Construction General Contractor | 6/29/21 | $367,521 |
Mike's Remodeling General Contractor | 6/29/21 | $141,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $878,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $971,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,849,269 |
| Total Program Service Revenue | $418,762 |
| 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 | $2,270,337 |
| 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. | $131,878 |
| Compensation of current officers, directors, key employees. | $65,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,053 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,139 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $229,878 |
| Advertising and promotion | $0 |
| Office expenses | $43,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,803 |
| Travel | $7,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,206 |
| Insurance | $57,349 |
| All other expenses | $5,629 |
| Total functional expenses | $2,432,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $358,295 |
| Accounts receivable, net | $754,078 |
| 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 | $376,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,545 |
| Total assets | $2,022,263 |
| Accounts payable and accrued expenses | $257,745 |
| Grants payable | $0 |
| Deferred revenue | $108,515 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,506 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $429,770 |
| Unsecured mortgages and notes payable | $343,797 |
| Other liabilities | $39,534 |
| Total liabilities | $1,195,867 |
| Net assets without donor restrictions | $626,396 |
| Net assets with donor restrictions | $200,000 |
| 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 | $2,022,263 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Better Community Neighborhoods Inc has recieved totaling $261,661.
| Awarding Organization | Amount |
|---|---|
The Schenectady Foundation Schenectady, NY PURPOSE: HOUSING COUNSELING AND FINANCIAL LITERACY | $200,000 |
New York Mortgage Coalition Inc New York, NY PURPOSE: Housing COUNSELING | $36,661 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,000 |
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 |