Hester Street Collaborative Inc
- Assets
- $3.1m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-0774906
Organization Overview
Hester Street Collaborative Inc is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hester Street Collaborative 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 12/2021, Hester Street Collaborative Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 23.5% 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.
Since 2019, Hester Street Collaborative Inc has awarded 20 individual grants totaling $600,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ARCHITECTURE, DESIGN AND ART IN THE COMMUNITY THROUGH THE DEVELOPMENT OF EDUCATIONAL PROGRAMS AND IMPROVEMENTS OF THE PHYSICAL NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE DESIGN AND IMPLEMENT PARTICIPATORY PROCESSES FOR COMMUNITY PLANNING, DESIGN AND EQUITABLE DEVELOPMENT; INTEGRATE DATA ANALYSIS AND TECHNICAL PLANNING SKILLS WITH INCLUSIVE, INTERACTIVE COMMUNITY ENGAGEMENT RESULTING IN CONCRETE COMMUNITY BENEFITS; DESIGN MAPS, ACTIVITIES, GRAPHICS, TOOLKITS AND OTHER POPULAR EDUCATION TOOLS TO GATHER AND DISSEMINATE INFORMATION; DEMYSTIFY COMPLEX PROCESSES AND INSPIRE ACTION PLANS; PLAN AND MANAGE COMMUNITY FACILITY DEVELOPMENT PROJECTS FOR COMMUNITY-BASED ORGANIZATIONS; PROVIDE TECHNICAL ASSISTANCE TO PLAN PROJECTS, CONDUCT SPATIAL NEEDS ASSESSMENTS, PERFORM ZONING AND SITE ANALYSES, IDENTIFY SITES, FACILITATE PROPERTY ACQUISITION, ASSEMBLE FINANCING AND MANAGE DESIGN AND CONSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rasmia Kirmani-Frye Vice President | OfficerTrustee | 1 | $161,154 |
Betsy Maclean Co-Executive Director | Officer | 40 | $159,193 |
Nisha Baliga Co-Executive Director | Officer | 40 | $154,932 |
Lori Schlabach Director Of Finance And Ops | Officer | 1 | $110,747 |
Sadra Mostafavi Shahab Director Of Research And Data | 1 | $101,705 | |
Wendy Fleischer Treasurer | OfficerTrustee | 1 | $26,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,070 |
| Related organizations | $0 |
| Government grants | $587,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,579,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,175,184 |
| Total Program Service Revenue | $2,989,400 |
| Investment income | $1,192 |
| 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 | $5,168,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,750 |
| Grants and other assistance to domestic individuals. | $48,962 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $523,945 |
| Compensation of current officers, directors, key employees. | $239,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,026,696 |
| Pension plan accruals and contributions | $19,544 |
| Other employee benefits | $265,245 |
| Payroll taxes | $242,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $89,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $579,815 |
| Advertising and promotion | $1,768 |
| Office expenses | $148,630 |
| Information technology | $71,037 |
| Royalties | $0 |
| Occupancy | $99,459 |
| Travel | $6,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,428 |
| Insurance | $9,875 |
| All other expenses | $0 |
| Total functional expenses | $4,301,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,471 |
| Savings and temporary cash investments | $60,078 |
| Pledges and grants receivable | $854,982 |
| Accounts receivable, net | $1,262,626 |
| 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 | $125,703 |
| Net Land, buildings, and equipment | $42,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,142,438 |
| Accounts payable and accrued expenses | $361,472 |
| Grants payable | $0 |
| Deferred revenue | $85,000 |
| 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 | $80,000 |
| Unsecured mortgages and notes payable | $147,977 |
| Other liabilities | $0 |
| Total liabilities | $674,449 |
| Net assets without donor restrictions | $989,780 |
| Net assets with donor restrictions | $1,478,209 |
| 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 | $3,142,438 |
Grants Awarded
Over the last fiscal year, Hester Street Collaborative Inc has awarded $112,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: American Recovery Plan + Beyond Project Grant | $75,000 |
Washington, DC PURPOSE: American Recovery Plan + Beyond Project Grant | $37,500 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hester Street Collaborative Inc has recieved totaling $1,677,025.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR NETWORK INFRASTRUCTURE TO STRENGTHEN AMERICAN RESCUE PLAN IMPLEMENTATION AND BUILD CO-GOVERNANCE CAPACITY IN CITIES AND STATES AROUND THE COUNTRY | $700,000 |
Voices Of Community Activists & Leaders-Vocal-Ny-Inc Brooklyn, NY PURPOSE: GENERAL | $235,000 |
Ford Foundation New York, NY PURPOSE: TO EXPLORE THE CREATION OF A CITYWIDE CIVIC COALITION TO PRESERVE AND IMPROVE NEW YORK'S STOCK OF PUBLIC HOUSING | $185,000 |
Voices Of Community Activists & Leaders-Vocal-Ny-Inc Brooklyn, NY PURPOSE: TO SUPPORT COMMUNITY-BASED ADVOCACY | $181,000 |
The Laundromat Project Inc Brooklyn, NY PURPOSE: See Part IV | $105,000 |
Van Ameringen Foundation Inc New York, NY PURPOSE: NEW SUPPORT FOR AN IN-DEPTH PARTICIPATORY PLANNING, DESIGN AND ADVOCACY CAMPAIGN TO TRANSFORM THE WAY NEW YORK CITY RESPONDS TO PEOPLE WITH SIGNIFICANT ILLNESS WHO ARE IN CRISIS. | $100,000 |
Endowment Analysis
| Beg. Balance | $1,094,559 |
| Net Contributions | $838,209 |
| Other Expense | $454,559 |
| Ending Balance | $1,478,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |