New York Communities Organizing Fund Inc
- Assets
- $1.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-2332649
Organization Overview
New York Communities Organizing Fund Inc is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: 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. New York Communities Organizing Fund 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 12/2022, New York Communities Organizing Fund Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 11.1% 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.
Since 2014, New York Communities Organizing Fund Inc has awarded 55 individual grants totaling $8,747,476. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER LOW AND MODERATE INCOME NEW YORKERS TO HELP THEMSELVES THROUGH PUBLIC EDUCATION, ADVOCACY, RESEARCH, AND DIRECT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKER'S RIGHTS - AMERICA HAS BECOME A NATION OF THE OVERWORKED AND THE UNDERPAID, AND IN NO CITY IS THAT TRUER THAN NEW YORK CITY ESPECIALLY FOR OUR IMMIGRANTS AND COMMUNITIES OF COLOR. FROM BEING AT THE FOREFRONT OF THE PAID SICK DAYS FIGHT TO IGNITING THE FIGHT FOR $15 CAMPAIGN TO RAISE THE STATE MINIMUM WAGE, WORKPLACE JUSTICE SITS AT THE CORE OF OUR WORK. WE STAND WITH ALL LOWWAGE WORKERS AND THEIR RIGHT TO A LIVING WAGE AND TO UNIONIZE WITHOUT RETALIATION.
WORKER'S RIGHTS - AMERICA HAS BECOME A NATION OF THE OVERWORKED AND THE UNDERPAID, AND IN NO CITY IS THAT TRUER THAN NEW YORK CITY ESPECIALLY FOR OUR IMMIGRANTS AND COMMUNITIES OF COLOR. FROM BEING AT THE FOREFRONT OF THE PAID SICK DAYS FIGHT TO IGNITING THE FIGHT FOR $15 CAMPAIGN TO RAISE THE STATE MINIMUM WAGE, WORKPLACE JUSTICE SITS AT THE CORE OF OUR WORK. WE STAND WITH ALL LOWWAGE WORKERS AND THEIR RIGHT TO A LIVING WAGE AND TO UNIONIZE WITHOUT RETALIATION.
OTHER
ENVIRONMENTAL JUSTICE - CLIMATE CHANGE AND INEQUALITY ARE THE TWO GREAT MORAL CRISES OF OUR TIME. LOW-INCOME COMMUNITIES OF COLOR, WHO DO NOT HAVE MONEY AND POWER TO FALL BACK ON IN A DISASTER, ARE ALREADY HIT THE HARDEST. THROUGH COALITION-BUILDING AND EDUCATION REGARDING THE CAUSES AND POSSIBLE SOLUTIONS TO THE CLIMATE CRISIS NYCOFI SEEKS TO ENSURE THAT CONVERSATIONS ABOUT THE CLIMATE CRISIS ARE HEARD.
ENVIRONMENTAL JUSTICE - CLIMATE CHANGE AND INEQUALITY ARE THE TWO GREAT MORAL CRISES OF OUR TIME. LOW-INCOME COMMUNITIES OF COLOR, WHO DO NOT HAVE MONEY AND POWER TO FALL BACK ON IN A DISASTER, ARE ALREADY HIT THE HARDEST. THROUGH COALITION-BUILDING AND EDUCATION REGARDING THE CAUSES AND POSSIBLE SOLUTIONS TO THE CLIMATE CRISIS NYCOFI SEEKS TO ENSURE THAT CONVERSATIONS ABOUT THE CLIMATE CRISIS ARE HEARD.
HOUSING - NEW YORKERS FACE A REAL AFFORDABLE HOUSING CRISIS. OVER THE PAST DECADE, RENTS HAVE INCREASED AT TWICE THE RATE OF OUR INCOMES, WHILE WE REMAIN AT THE MERCY OF GREEDY LANDLORDS WHO INCREASE RENT AS THEY SEE FIT. AS A LEAD ORGANIZATION IN COALITIONS SUCH AS THE REAL AFFORDABILITY FOR ALL AND ALLIANCE FOR TENANT POWER, WE FIGHT TO ENSURE THAT HOUSING POLICIES PRIORITIZE AND DELIVER REAL AFFORDABILITY FOR THE MOST ECONOMICALLY VULNERABLE HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Sanchez Co-Executive Director | Officer | 40 | $25,402 |
Olivia Leirer Co-Executive Director | Officer | 40 | $23,800 |
Dorothy Amadi Chair | OfficerTrustee | 1 | $0 |
David Webb Secretary | OfficerTrustee | 1 | $0 |
Maritza Silva-Farrell Board Member | Trustee | 1 | $0 |
Hazel Dasent Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,349 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,686,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,707,799 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,707,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,996,769 |
| 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. | $61,010 |
| Compensation of current officers, directors, key employees. | $17,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,337 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,303 |
| Advertising and promotion | $0 |
| Office expenses | $3,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,036 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $8,664 |
| All other expenses | $15,000 |
| Total functional expenses | $3,207,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $981,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $798,750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,148 |
| Total assets | $1,781,605 |
| Accounts payable and accrued expenses | $1,726,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,726,137 |
| Net assets without donor restrictions | $55,468 |
| 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 | $1,781,605 |
Grants Awarded
Over the last fiscal year, New York Communities Organizing Fund Inc has awarded $615,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC POLICY & EDU PURPOSE: Statewide housing coalition | $45,000 |
PUBLIC POLICY & EDU PURPOSE: State Power Caucus | $40,000 |
FOOD & WATER WATCH PURPOSE: Food and Water watch | $212,500 |
VOCAL-NY PURPOSE: Climate and Housing Justice | $10,000 |
PUBLIC POLICY & EDU PURPOSE: Statewide housing | $45,000 |
VOCAL-NY PURPOSE: Climate and Housing Justice | $10,000 |