Palante Harlem Inc
- Assets
- $722.2k
- Revenue
- $721.4k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 80-0209989
Organization Overview
Palante Harlem Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Palante Harlem Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palante Harlem 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 06/2022, Palante Harlem Inc generated $721.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $806.6k during the year ending 06/2022. While expenses have increased by 21.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT TO REDUCE POVERTY AND ADVOCATE FOR SAFE HOUSING BY ORGANIZING, EDUCATING AND EMPOWERING RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENANT ORGANIZING AND LEADERSHIP DEVELOPMENT HELPS RESIDENTS TO ORGANIZE FORMAL TENANT ASSOCIATIONS AND EMPOWER COMMUNITY RESIDENTS TO HOLD LANDLORDS ACCOUNTABLE.
LEGAL, MEDIATION AND REFERRALS PROVIDES DIRECT LEGAL AND MEDIATION ASSISTANCE BY ACTING AS A TENANT OR TENANT ASSOCIATION REPRESENTATIVE.
HOMEOWNERSHIP PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO TENANTS ASSOCIATIONS ENROLLED IN THE TENANT INTERIM LEASE (TIL) APARTMENT PURCHASE PROGRAM, AFFORDABLE NEIGHBORHOOD COOPERATIVE PROGRAM (ANCP). WE ALSO ASSIST AND ORGANIZE SHAREHOLDERS LIVING IN LOW INCOME HOUSING DEVELOPMENT FUND CORPORATIONS (HDFC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elsia Vasquez Exective Director | OfficerTrustee | 55 | $113,133 |
Edwin Torres Board Member | Trustee | 5 | $5 |
Tony Hasbun Chair | OfficerTrustee | 5 | $0 |
Luisa Rodriguez Treasurer | OfficerTrustee | 5 | $0 |
Nellie Nieves Secretary | OfficerTrustee | 5 | $0 |
Tim Collins Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $452,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,758 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| 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 | $721,377 |
| 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. | $154,120 |
| Compensation of current officers, directors, key employees. | $23,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,997 |
| Payroll taxes | $29,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,257 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,698 |
| Advertising and promotion | $5,531 |
| Office expenses | $54,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,901 |
| Travel | $1,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,461 |
| Insurance | $9,735 |
| All other expenses | $5,788 |
| Total functional expenses | $806,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $547,472 |
| 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 | $12,952 |
| Net Land, buildings, and equipment | $20,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,266 |
| Total assets | $722,163 |
| Accounts payable and accrued expenses | $26,051 |
| Grants payable | $0 |
| Deferred revenue | $56,195 |
| 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 | $16,215 |
| Other liabilities | $300 |
| Total liabilities | $98,761 |
| Net assets without donor restrictions | $438,402 |
| Net assets with donor restrictions | $185,000 |
| 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 | $722,163 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Palante Harlem Inc has recieved totaling $5,081.
| Awarding Organization | Amount |
|---|---|
Fordi Family Foundation Inc Annapolis, MD PURPOSE: TO FOSTER & SUPPORT DONEE'S CHARITABLE MANDATE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
Local Union 164 Electrical Joint Apprenticeship And Training Trust Paramus, NJ | $19,017,559 | $4,299,279 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Chronic Liver Disease Foundation Inc Clark, NJ | $1,027,147 | $3,658,520 |