Bay Ridge Center Inc
- Assets
- $15.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 60
- Location
- Brooklyn, NY
- Founding
- 07/2010
- Data as of
- 06/2023
- EIN
- 80-0559714
Organization Overview
Bay Ridge Center Inc is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2023, Bay Ridge Center Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Ridge Center 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 06/2023, Bay Ridge Center Inc generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $5.3m during the year ending 06/2023. While expenses have increased by 11.4% 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
SINCE 1976 BAY RIDGE CENTER (BRC) HAS PROVIDED SERVICES AND PROGRAMS FOR OLDER ADULTS THAT PROMOTE THEIR WELL-BEING, SUPPORT THEIR INDEPENDENCE AND ENCOURAGE THEIR INVOLVEMENT IN THE BAY RIDGE COMMUNITY IN BROOKLYN, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OBAY RIDGE CENTER (BRC) PROGRAM SERVICES - BRC IS OPEN FREE OF CHARGE TO ADULTS 60 YEARS OF AGE AND OLDER, MONDAY THROUGH FRIDAYS FROM 8 AM TO 4 PM 250 DAYS A YEAR. BRC SERVES 20,000 HOT CONGREGATE MEALS ANNUAL. BRC ALSO OFFERS 17 ONGOING SERVICES AND PROGRAMS INCLUDING TRANSPORTATION AND SHOPPING ASSISTANCE; FRIENDLY VISITING; WELLNESS ACTIVITIES/FITNESS CLASSES INCLUDING YOGA, AEROBICS, STRETCH AND TONE, STRENGTH AND FLEXIBILITY, STANDING BALANCE AND SITTING BALANCE; COUNSELING/CASE ASSISTANCE; CLASSES & DISCUSSION GROUPS INCLUDING BRAIN GAMES; BOOK CLUB AND MAD TEA PARTIES; SAVVY SENIORS CYBER CLASSES; HEALTH SCREENINGS & FLU SHOTS; ARTS AND CULTURAL ACTIVITIES INCLUDING LINE DANCING, BALLROOM DANCING, QUILTING, KNITTING AND CROCHETING, JEWELRY MAKING AND ART CLASSES; TRIPS TO CULTURAL AND SPORTING EVENTS, MUSEUMS, THEATRE & CONCERTS AND BOARD GAME DAY. BRC'S CURRENT MEMBERSHIP IS APPROXIMATELY 1,000. BRC'S HOME DELIVERED MEALS SERVICES PROVIDES 600 HOT MEALS TO HOME BOUND BAY RIDGE RESIDENTS DAILY. BAY RIDGE CENTER'S CLIENT BASE FOR HDM CONTINUES TO GROW AS THE SENIOR POPULATION INCREASES IN OUR NEIGHBORHOOD.BRC'S NEIGHBORHOOD NORC PROGRAM OFFERS EDUCATIONAL AND RECREATIONAL PROGRAMS SOME EVENINGS IN COLLABORATION LIKE MINDED COMMUNITY BASED AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Marchetti President | OfficerTrustee | 1 | $0 |
Pastor Paul Knudsen Treasurer | OfficerTrustee | 1 | $0 |
Allison Nidetz Secretary | OfficerTrustee | 1 | $0 |
Elizabeth Bohrer Member | Trustee | 1 | $0 |
Donna Mcclellan Member | Trustee | 1 | $0 |
Madeline Jacobs Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncheng Llp Acct & Fiscal Mgmt | 6/29/23 | $324,136 |
Manhattan Studio Architecture & Design P Proj. Manage. & Ser. | 6/29/23 | $194,222 |
Bay Ridge Plaza Llc Renovation | 6/29/23 | $106,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,724,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,133,838 |
| 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 | $15,573 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,150,451 |
| 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. | $121,177 |
| Compensation of current officers, directors, key employees. | $48,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,602,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $193,794 |
| Payroll taxes | $149,385 |
| 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 | $946,975 |
| Advertising and promotion | $0 |
| Office expenses | $136,411 |
| Information technology | $18,825 |
| Royalties | $0 |
| Occupancy | $680,933 |
| 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 | $96,417 |
| Insurance | $69,369 |
| All other expenses | $0 |
| Total functional expenses | $5,329,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,041 |
| Savings and temporary cash investments | $165 |
| Pledges and grants receivable | $3,059,151 |
| 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 | $110,770 |
| Net Land, buildings, and equipment | $2,440,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,315,529 |
| Total assets | $15,542,364 |
| Accounts payable and accrued expenses | $798,313 |
| Grants payable | $5,000 |
| 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 | $1,337,500 |
| Other liabilities | $9,318,844 |
| Total liabilities | $11,459,657 |
| Net assets without donor restrictions | $3,904,257 |
| Net assets with donor restrictions | $178,450 |
| 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 | $15,542,364 |