T A P Inc
- Assets
- $3.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Troy, NY
- Founding
- 07/1969
- Data as of
- 12/2023
- 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 12/2023, T A P Inc employed 23 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 12/2023, T A P Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 8 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
TAP, INC. RESTORES, REBUILDS, AND REVITALIZES URBAN NEIGHBORHOODS AND HISTORIC STRUCTURES; SHAPING INCLUSIVE AND HEALTHY COMMUNITIES.
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 66 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 106 SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Glasheen Board Of Directors | Trustee | 1 | $0 |
Michael Mcdonough Board Of Directors | Trustee | 1 | $0 |
Beveryly Hickman Board Of Directors | Trustee | 1 | $0 |
Roberta Singleton Board Of Directors | Trustee | 1 | $0 |
Caroline Nagy Board Of Directors | Trustee | 1 | $0 |
Olivia Brazee President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,151 |
| Total Program Service Revenue | $692,628 |
| Investment income | $2,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,200,588 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $88 |
| 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. | $32,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,591 |
| Payroll taxes | $58,668 |
| 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 | $6,265 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,317 |
| Travel | $5,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,554 |
| Interest | $1,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,458 |
| Insurance | $34,025 |
| All other expenses | $16,989 |
| Total functional expenses | $1,248,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $457,622 |
| Pledges and grants receivable | $64,862 |
| Accounts receivable, net | $322,309 |
| 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 | $9,750 |
| Net Land, buildings, and equipment | $1,561,571 |
| Investments—publicly traded securities | $392,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,459 |
| Total assets | $2,979,264 |
| Accounts payable and accrued expenses | $141,474 |
| Grants payable | $0 |
| Deferred revenue | $57,466 |
| 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 | $186,200 |
| Other liabilities | $12,596 |
| Total liabilities | $397,736 |
| Net assets without donor restrictions | $1,495,252 |
| Net assets with donor restrictions | $1,086,276 |
| 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 | $2,979,264 |