Sunset Park Redevelopment Committee Inc
- Assets
- $3.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Brooklyn, NY
- Founding
- 06/1975
- Data as of
- 12/2021
- EIN
- 23-7165901
Organization Overview
Sunset Park Redevelopment Committee Inc is located in Brooklyn, NY. The organization was established in 1975. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Sunset Park Redevelopment Committee Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Park Redevelopment Committee 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, Sunset Park Redevelopment Committee Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 4.2% 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
TO ASSIST IN PROJECTS, UNDERTAKINGS, STUDIES AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHTS AND BLIGHTING INFLUENCES, AND TO AID, ASSIST AND FOSTER THE PLANNING, REPLANNING, DEVELOPMENT, RENEWAL, REDEVELOPMENT AND IMPROVEMENT OF THE SUNSET PARK AREA OF THE COUNTY OF KINGS, ALL TO COMBAT COMMUNITY DETERIORATION AND TO SECURE ADEQUATE HOUSING, COMMUNITY AND RECREATIONAL FACILITIES AND OTHER RELATED FACILITIES AND SERVICES AND CONDITIONS, ECONOMIC AND OTHERWISE, CONDUCIVE TO THE PROGRESS AND GENERAL WELFARE OF THE COMMUNITY AND TO CARRY ON SUCH ACTIVITIES AND TO DEAL WITH AND EXPAND ANY PROPERTY OR INCOME THEREFROM FOR ANY OF THE AFOREMENTIONED PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION - CONTRACTS WITH THE STATE OF NEW YORK TO PROVIDE WEATHERIZATION SERVICES TO LOW-INCOME HOME OWNERS AND TENANTS IN BROOKLYN. SPRC PRIORITIZES OUTREACH TO THE ELDERLY, DISABLED AND FAMILIES WITH CHILDREN TO PROVIDE THE MOST COST EFFECTIVE ENERGY AND WATER CONSERVATION MEASURES AS DETERMINED BY AN ONSITE ENERGY AUDIT OF THE BUILDING.
LOW-INCOME HOUSING - SUNSET PARK REDEVELOPMENT COMMITTEE, INC. CONTRACTS WITH THE STATE OF NEW YORK AND PRIVATE ORGANIZATIONS TO PROVIDE HOME REPAIR SERVICES AND HOUSING TO LOW- AND MODERATE-INCOME HOME OWNERS AND TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Brown Executive Director | Officer | 40 | $139,732 |
Aldo Lemma Chairperson | OfficerTrustee | 1 | $0 |
Glenn Sorensen Treasurer | OfficerTrustee | 1 | $0 |
Sayel Tayar Secretary | OfficerTrustee | 1 | $0 |
Hin Pin Lau Director | Trustee | 1 | $0 |
Giacomo Rutigliano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,546,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,546,712 |
| Total Program Service Revenue | $1,811,219 |
| Investment income | $33,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,456,465 |
| 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. | $151,957 |
| Compensation of current officers, directors, key employees. | $121,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $823,555 |
| Pension plan accruals and contributions | $36,028 |
| Other employee benefits | $232,360 |
| Payroll taxes | $70,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77 |
| Fees for services: Accounting | $29,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,715 |
| Fees for services: Other | $525,681 |
| Advertising and promotion | $3,670 |
| Office expenses | $78,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $832,783 |
| Travel | $11,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,981 |
| Insurance | $86,489 |
| All other expenses | $100 |
| Total functional expenses | $3,806,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,117 |
| Savings and temporary cash investments | $631,314 |
| Pledges and grants receivable | $379,884 |
| Accounts receivable, net | $214,072 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,991 |
| Prepaid expenses and deferred charges | $46,926 |
| Net Land, buildings, and equipment | $426,515 |
| Investments—publicly traded securities | $1,512,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,633 |
| Total assets | $3,911,006 |
| Accounts payable and accrued expenses | $373,568 |
| Grants payable | $0 |
| Deferred revenue | $3,685 |
| 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 | $43,133 |
| Total liabilities | $420,386 |
| Net assets without donor restrictions | $3,490,620 |
| 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 | $3,911,006 |
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