Rema 4 Us Inc
- Assets
- $88.8k
- Revenue
- $387.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Far Rockaway, NY
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-2938159
Organization Overview
Rema 4 Us Inc is located in Far Rockaway, NY. The organization was established in 2019. 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 06/2022, Rema 4 Us Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rema 4 Us 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, Rema 4 Us Inc generated $387.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 61.5% each year . All expenses for the organization totaled $335.5k during the year ending 06/2022. While expenses have increased by 55.0% per year over the past 3 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
REMA ENGAGES IN ECONOMIC DEVELOPMENT AND REVITALIZATION IN THE ROCKAWAY PENINSULA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKS ON DISTRICT MARKETING INITIATIVES, BUSINESS SUPPORT, AND CLEANLINESS AND BEAUTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Martinez Chair | OfficerTrustee | 2 | $0 |
Pauline Gayle Treasurer | OfficerTrustee | 2 | $0 |
Alix Alize Board Member | Trustee | 2 | $0 |
Gregory York Board Member | Trustee | 2 | $0 |
Efi Maijeh Board Member | Trustee | 2 | $0 |
Leonor Reina Executive Director | OfficerTrustee | 40 | $70,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,651 |
| Total Program Service Revenue | $13,237 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $387,313 |
| 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. | $73,029 |
| Compensation of current officers, directors, key employees. | $11,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,763 |
| Payroll taxes | $10,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,900 |
| Advertising and promotion | $7,648 |
| Office expenses | $27,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,644 |
| Travel | $496 |
| 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 | $2,716 |
| All other expenses | $3,191 |
| Total functional expenses | $335,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $73,427 |
| 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 | $7,465 |
| Total assets | $88,827 |
| Accounts payable and accrued expenses | $42,299 |
| Grants payable | $0 |
| Deferred revenue | $1 |
| 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 | $42,300 |
| Net assets without donor restrictions | $46,527 |
| 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 | $88,827 |