Syracuse Model Neighborhood Corp
- Assets
- $1.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Syracuse, NY
- Founding
- 06/1973
- Data as of
- 04/2021
- EIN
- 16-0998428
Organization Overview
Syracuse Model Neighborhood Corp is located in Syracuse, NY. The organization was established in 1973. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 04/2021, Syracuse Model Neighborhood Corp employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Syracuse Model Neighborhood Corp 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 04/2021, Syracuse Model Neighborhood Corp generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.9m during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. 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
THE MISSION OF THE ORGANIZATION IS TO ENHANCE AND BUILD RESILIENT DIVERSE COMMUNITIES, BY SUPPORTING ECONOMIC GROWTH, CREATIVE COMMUNITY-BASED INITIATIVES, AND QUALITY HOUSING SERVICES IN THE NEIGHBORHOODS IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL AND SALES OF HOUSING UNITS TO LOW AND MODERATE-INCOME FAMILIES.
RENTAL AND SALES OF HOUSING UNITS TO LOW AND MODERATE-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reynald Ortiz Executive Director | Officer | 40 | $69,658 |
D Michelle Golembieski President | OfficerTrustee | 1 | $0 |
Sheila Girard Treasurer | OfficerTrustee | 1 | $0 |
Renee Seals Secretary | OfficerTrustee | 1 | $0 |
Emad Rahim Director | Trustee | 1 | $0 |
Patrona Jones-Rowser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,458 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,318 |
| Total Program Service Revenue | $1,238,889 |
| Investment income | $32 |
| 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 | $1,364,336 |
| 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. | $46,439 |
| Compensation of current officers, directors, key employees. | $46,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,761 |
| Pension plan accruals and contributions | $7,169 |
| Other employee benefits | $2,137 |
| Payroll taxes | $35,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,454 |
| Advertising and promotion | $0 |
| Office expenses | $24,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $371,889 |
| Travel | $933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488,452 |
| Insurance | $129,263 |
| All other expenses | $4,079 |
| Total functional expenses | $1,882,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,959 |
| Savings and temporary cash investments | $59,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,729 |
| 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 | $637,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,250 |
| Total assets | $1,034,630 |
| Accounts payable and accrued expenses | $251,461 |
| Grants payable | $0 |
| Deferred revenue | $157,596 |
| 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 | $1,784,948 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,788 |
| Total liabilities | $2,275,793 |
| Net assets without donor restrictions | -$1,241,163 |
| 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 | $1,034,630 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Syracuse Model Neighborhood Corp has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Headquarters Inc Syracuse, NY | $61,706,462 | $11,933,384 |
Depaul Properties Inc Rochester, NY | $60,046,501 | $8,018,697 |
Isles Inc Trenton, NJ | $25,476,363 | $9,864,108 |
Beech Interplex Inc Philadelphia, PA | $34,852,112 | $5,583,039 |
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,303,531 | $5,790,154 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $4,527,116 | $4,140,655 |
Opportunity Headquarters Inc Syracuse, NY | $931,819 | $3,257,864 |
Rebuilding Together-Saratoga County Ballston Spa, NY | $1,364,946 | $2,773,949 |
Mutual Housing Association Of Southwestern Connecticut Inc Trumbull, CT | $16,772,020 | $2,661,661 |