Old First Ward Community Association
- Assets
- $808.1k
- Revenue
- $777.8k
- Investments
- $0.0
- Employees
- 25
- Location
- Buffalo, NY
- Founding
- 11/1979
- Data as of
- 12/2023
- EIN
- 22-2264220
Organization Overview
Old First Ward Community Association is located in Buffalo, NY. The organization was established in 1979. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Old First Ward Community Association employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old First Ward Community Association 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 12/2023, Old First Ward Community Association generated $777.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $561.4k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE OLD FIRST WARD WITH COMMUNITY BASED DEVELOPMENT INCLUDING ECONOMIC REDEVELOPMENT, HOUSING AND HUMAN SERVICES PROGRAMS WITH A VISION FOR A NEW RENAISSANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING AND COMMUNITY RENEWAL - ASSISTED WITH HOUSING LOAN APPLICATIONS, AQUISITION, AND REHABILITATION OF OLDER HOMES, ASSISTED IN REPAIR OF OLDER HOMES.
COMMUNITY SERVICES - PROVIDED TRANSPORTATION, RECREATIONAL PROGRAMS, MEALS, AND OTHER SERVICES TO SENIOR MEMBERS OF THE COMMUNITY.
COMMUNITY SERVICES - PROVIDED AFTER-SCHOOL PROGRAM, SUMMER PROGRAM, COUNSELING, AND OTHER RECREATIONAL SERVICES TO THE YOUTH AND OTHER MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Gormley Executive Di | Officer | 40 | $67,156 |
Mark Robinson Interim Exec | Officer | 25 | $5,230 |
Michael Cullen President | OfficerTrustee | $0 | |
Taylor Bold Vice Preside | OfficerTrustee | $0 | |
Bill Metzger Secretary | OfficerTrustee | $0 | |
Domenic Vero Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $934 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $362,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,340 |
| Noncash contributions included in lines 1a–1f | $87,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,630 |
| Total Program Service Revenue | $27,884 |
| Investment income | $10,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $777,761 |
| 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. | $72,387 |
| Compensation of current officers, directors, key employees. | $50,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $831 |
| Payroll taxes | $24,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,360 |
| Advertising and promotion | $197 |
| Office expenses | $36,864 |
| Information technology | $4,504 |
| Royalties | $0 |
| Occupancy | $90,038 |
| Travel | $4,574 |
| 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 | $8,355 |
| Insurance | $24,303 |
| All other expenses | $3,313 |
| Total functional expenses | $561,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,788 |
| 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 | $8,139 |
| Net Land, buildings, and equipment | $13,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $808,110 |
| Accounts payable and accrued expenses | $353,440 |
| Grants payable | $0 |
| Deferred revenue | $24,577 |
| 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 | $0 |
| Other liabilities | $61,350 |
| Total liabilities | $439,367 |
| Net assets without donor restrictions | $233,538 |
| Net assets with donor restrictions | $135,205 |
| 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 | $808,110 |