St Nicks Alliance Corp
- Assets
- $45.5m
- Revenue
- $42.4m
- Investments
- $0.0
- Employees
- 881
- Location
- Brooklyn, NY
- Founding
- 03/1976
- Data as of
- 12/2022
- EIN
- 51-0192170
Organization Overview
St Nicks Alliance Corp is located in Brooklyn, NY. The organization was established in 1976. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, St Nicks Alliance Corp employed 881 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Nicks Alliance Corp 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, St Nicks Alliance Corp generated $42.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $41.9m during the year ending 12/2022. While expenses have increased by 10.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NONSECTARIAN COMMUNITY DEVELOPMENT ORGANIZATION COMMITTED TO COMPREHENSIVE NEIGHBORHOOD REVITALIZATION OF THE WILLIAMSBURG-GREENPOINT SECTIONS IN BROOKLYN, NY
Describe the Organization's Program Activity:
HOUSING DEVELOPMENT, MANAGEMENT, AND SUPPORT - FINANCE, MANAGE, AND SUSTAIN 1,700 UNITS FOR LOW INCOME PEOPLE. WE SUPPORTED NEW AND PRESERVED AFFORDABLE UNITS OF 1,600, WHILE PREVENTING ILLEGAL EVICTION OF 1,000 PEOPLE.
ELDER CARE - ST. NICKS CARE FOR 600 SENIORS IN HOUSING, ASSISTED LIVING, HOMECARE AND COMMUNITY CENTER
YOUTH AND EDUCATION - ST. NICKS PROVIDED 6,000 YOUTH WITH AFTERSCHOOL, EDUCATION AND YOUTH DEVELOPMENT ACTIVITIES.
WORKFORCE DEVELOPMENT - ST. NICKS TRAINED 199 PEOPLE, PLACED 238 IN PERMANENT EMPLOYMENT, AND ASSISTED 507 PEOPLE IN ESOL AND 441 IN ADULT BASIC EDUCATION/HSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Robles Sr Member | Trustee | 0.5 | $0 |
Bertha Watson Member | Trustee | 0.5 | $0 |
David Fagan Member (outgoing) | Trustee | 0.5 | $0 |
Debra Benders Member | Trustee | 0.5 | $0 |
Ed Brittenham Member | Trustee | 0.5 | $0 |
Felicia Pecoraro Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ciela Corp Sofrware Services | 12/30/21 | $155,756 |
Partnership With Children Inc Social Services | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,096 |
| Membership dues | $0 |
| Fundraising events | $243,150 |
| Related organizations | $184,045 |
| Government grants | $29,386,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,866,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,693,905 |
| Total Program Service Revenue | $9,138,297 |
| Investment income | $57,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,388,811 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,381,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,336,686 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $961,083 |
| Compensation of current officers, directors, key employees. | $916,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,025,430 |
| Pension plan accruals and contributions | $977,579 |
| Other employee benefits | $1,344,462 |
| Payroll taxes | $2,396,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185,948 |
| 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 | $275,400 |
| Advertising and promotion | $188,088 |
| Office expenses | $564,330 |
| Information technology | $140,789 |
| Royalties | $0 |
| Occupancy | $1,647,344 |
| Travel | $57,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,432 |
| Interest | $125,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,212 |
| Insurance | $1,085,930 |
| All other expenses | $1,234,655 |
| Total functional expenses | $41,852,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,197 |
| Savings and temporary cash investments | $3,751,907 |
| Pledges and grants receivable | $17,157,388 |
| Accounts receivable, net | $4,424,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,034,676 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,504 |
| Net Land, buildings, and equipment | $15,657,754 |
| Investments—publicly traded securities | $1,765,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868,669 |
| Total assets | $45,537,512 |
| Accounts payable and accrued expenses | $3,226,722 |
| 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 | $3,278,448 |
| Unsecured mortgages and notes payable | $11,072,561 |
| Other liabilities | $4,953,090 |
| Total liabilities | $22,530,821 |
| Net assets without donor restrictions | $21,794,997 |
| Net assets with donor restrictions | $1,211,694 |
| 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 | $45,537,512 |
Grants Awarded
Over the last fiscal year, St Nicks Alliance Corp has awarded $108,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN JUSTICE CENTER PURPOSE: COMMUNITY PRESERVATION PROGRAM | $12,000 |
COOPER SQUARE COMMITTEE PURPOSE: COMMUNITY PRESERVATION PROGRAM | $14,000 |
BEDFORD STUYVESANT RESTORATION CORPORATION PURPOSE: EAP PROGRAM | $82,400 |