T A P Inc
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Troy, NY
- Founding
- 07/1969
- Data as of
- 12/2021
- EIN
- 23-7029088
Organization Overview
T A P Inc is located in Troy, NY. The organization was established in 1969. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, T A P Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T A P 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, T A P Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $842.4k during the year ending 12/2021. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TAP, INC. FOSTERS INCLUSIVE AND SUSTAINABLE COMMUNITY DEVELOPMENT IN THE CAPITAL REGION BY PROVIDING AFFORDABLE ARCHITECTURAL, PLANNING AND DESIGN SERVICES TO IMPROVE THE PLACES WHERE PEOPLE LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY RENTAL TO LOW TO MODERATE INCOME INDIVIDUALS. APPROXIMATELY 50 SERVED.
PROJECTS-DESIGN/DRAFTING/PLANNING SERVICES TO PROPERTY OWNERS (LOW AND MODERATE INCOME), NON-PROFITS AND BUSINESSES PRIMARILY IN THE CAPITAL DISTRICT AREA. APPROXIMATELY 80 SERVED.
COMMUNITY DEVELOPMENT-DESIGN/DRAFTING/PLANNING SERVICES TO PROPERTY OWNERS AND NON-PROFITS IN HUD DESIGNATED LOW TO MODERATE INCOME CENSUS TRACTS IN BLIGHTED AREAS OF TROY.SPECIAL FOCUS ON PRESERVATION OF HISTORIC ARCHITECTURE, COMMUNITY REVITALIZATION AND HOMEOWNER SERVICES. APPROXIMATELY 130 SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara L Nelson Executive Director | Officer | 45 | $85,000 |
John Pasicznyk President | OfficerTrustee | 1 | $0 |
Olivia Brazee Secretary | OfficerTrustee | 1 | $0 |
Nancy Klepsch Vice President | OfficerTrustee | 1 | $0 |
Michael Bongiorni Treasurer | OfficerTrustee | 1 | $0 |
Patrick D Harris Jr Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,252 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $548,906 |
| Total Program Service Revenue | $470,184 |
| Investment income | $2,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,022,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,178 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $31,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,901 |
| Payroll taxes | $36,936 |
| 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 | $0 |
| Advertising and promotion | $928 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,259 |
| Travel | $1,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $425 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,925 |
| Insurance | $32,207 |
| All other expenses | $12,144 |
| Total functional expenses | $842,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $920,343 |
| Pledges and grants receivable | $83,598 |
| Accounts receivable, net | $140,014 |
| 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 | $13,504 |
| Net Land, buildings, and equipment | $1,402,569 |
| Investments—publicly traded securities | $30,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,876 |
| Total assets | $2,760,904 |
| Accounts payable and accrued expenses | $73,339 |
| Grants payable | $0 |
| Deferred revenue | $4,854 |
| 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 | $11,719 |
| Total liabilities | $89,912 |
| Net assets without donor restrictions | $1,168,200 |
| Net assets with donor restrictions | $1,502,792 |
| 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 | $2,760,904 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that T A P Inc has recieved totaling $122,950.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR RENT RELIEF, THE ENDOWMENT FUND, AND UNRESTRICTED USE | $107,000 |
Mccarthy Charities Inc Troy, NY PURPOSE: RECREATIONAL FACILITIES | $14,000 |
Kiwi Foundation Averill Park, NY PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
Stephen J Mckee Foundation Troy, NY PURPOSE: CHARITY | $300 |
Mccarthy Charities Inc Troy, NY PURPOSE: UNRESTRICTED | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Energy Affordability Inc Bronx, NY | $8,796,586 | $16,696,902 |
Bedford Stuyvesant Restoration Corporation Brooklyn, NY | $66,956,082 | $10,958,396 |
Tioga Opportunities Inc Owego, NY | $6,623,346 | $5,643,781 |
Puertorriguenos Asociados For Community Organization Inc Jersey City, NJ | $2,164,949 | $2,929,445 |
Rebuilding Together Philadelphia Philadelphia, PA | $1,909,589 | $2,697,411 |
Bluehub Capital Inc Boston, MA | $18,553,228 | $2,089,518 |
Rebuilding Together Nyc Brooklyn, NY | $1,427,304 | $2,371,566 |
Margert Community Corporation Far Rockaway, NY | $3,330,961 | $2,086,587 |
Neighborhood Housing Services Of Brooklyn Cdc Inc Brooklyn, NY | $1,795,417 | $1,982,493 |
Revitalize Community Development Corporation Springfield, MA | $1,147,655 | $1,631,716 |
Lucille Clark Housing Development Fund Co Inc New York, NY | $2,660,768 | $778,673 |
The Parodneck Foundation For Self-H Elp Housing & Community Dvlpnt Inc New York, NY | $15,240,279 | $682,026 |