Community Potential Inc in Binghamton, New York (NY)
Table of contents:
| Community Potential Inc | |
| Employer Identification Number (EIN) | 043664898 |
| Name of Organization | Community Potential Inc |
| In Care of Name | David K Tanenhaus |
| Address | 35 Exchange St, Binghamton, NY 13902 |
| Subsection | Charitable Organization |
| Ruling Date | 12/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 06/2011 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,317,815 |
| Amount of Income | $114,013 |
| Form 990 Revenue Amount | $114,013 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2011: $114,013 (it was $1,024,729 in 2010)
| Community Potential Inc: | $114,013 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2011: $1,317,815 (it was $1,323,975 in 2010)
| Community Potential Inc: | $1,317,815 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2011: $89,372
| This organization: | $89,372 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2011: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2011: 63.6%
| Community Potential Inc: | 63.6% |
| Other organizations performing similar types of work: | 3.7% |
Revenue for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $114,013 |
| Contributions, Gifts, Grants and Other Similar Amounts | $72,494 |
| Program Service Revenue | $29,926 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $3 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $11,590 |
| Gross rents (Real / Personal) | $11,590 / $0 |
| Less: rental expenses (Real / Personal) | $0 / $0 |
| Rental income or (loss) (Real / Personal) | $11,590 / $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $89,372 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $89,372 |
| Balance Sheet (for 2011) | |
| Total assets | $1,317,815 |
| Total liabilities | $106,140 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $78,143 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $27,997 |
| Total net assets or fund balances | $1,211,675 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $1,386,032 |
| Gifts, grants, contributions, and membership fees received | $1,385,753 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $279 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Restoring Urban Neighborhoods Llc | 150 Broadway Ste 2101, New York, NY 10038-4381 | NY | 2009-10 | $14,900,905 |
| 4 | Phipps Affordable Housing Support Corp | 902 Broadway - 13 Fl, New York, NY 10010 | NY | 2011-11 | $9,986,359 |
| 5 | Shu Hab Housing Development Fund Corporation | 8714 116th St, Richmond Hill, NY 11418-2426 | NY | 2002-08 | $9,492,810 |
| 6 | 1991 Bathgate Housing Development Fund Corporation | 1910 Arthur Avenue, Bronx, NY 10457 | NY | 2012-02 | $5,663,050 |
| 7 | Henry Phipps Plaza North Housing Development Fund Corporation | 902 Broadway, New York, NY 10010 | NY | 2011-04 | $4,312,549 |
| 8 | Washington House Housing Development Fund Corporation | 5 West Main Street, Elmsford, NY 10523-2416 | NY | 1998-03 | $3,634,096 |
| 9 | Reclaim Housing Development Fund Corporation | 2751 Grand Concourse, Bronx, NY 10468-3001 | NY | 2014-07 | $2,920,017 |
| 10 | Vincent Properties Inc | 1931 Buffalo Rd, Rochester, NY 14624-1535 | NY | 2012-04 | $2,736,596 |
| 11 | Walker Street Chung Pak Local Development | 150 Elizabeth St, New York, NY 10012-4603 | NY | 2007-09 | $2,031,732 |
| 12 | Eihab Human Services New Jersey Inc | 168-18 South Conduit Avenue, Springfield Gardens, NY 11434 | NY | 2012-05 | $1,996,576 |
| 13 | Habitat For Humanity Bed-Stuy Homes Iv Housing Development Fund Corp | 111 John St Fl 23, New York, NY 10038-3109 | NY | 2014-04 | $1,780,789 |
| 14 | Sbc Nehemiah Housing Development Fund Corporation | 230 Alexander Ave, Bronx, NY 10454-3800 | NY | 1999-12 | $1,371,094 |
| 15 | Mins Court Housing Company Inc | 300 E 175th St, Bronx, NY 10457-5804 | NY | 2014-08 | $1,363,042 |
| 16 | Habitat For Humanity Bed-Stuy Homes Iii Housing Development Fund Corp | 111 John St Fl 23, New York, NY 10038-3109 | NY | 2014-01 | $1,289,162 |
| 17 | United Cerebral Palsy Housing Development Fund Corporation | 4546 11th St, Long Is City, NY 11101-5207 | NY | 1980-01 | $1,095,616 |
| 18 | Wallkill Senior Housing Development Fund Company Inc | 35 Senior Way, Middletown, NY 10940-2954 | NY | 1996-12 | $1,036,413 |
| 19 | Moffat Gardens Alp Inc | 22 Moffat Street, Brooklyn, NY 11207 | NY | 2012-09 | $1,023,606 |
| 20 | Coram Center For Developmentally Disabled Adults Inc | 1455 Veterans Memorial Highway, Hauppauge, NY 11749-4836 | NY | 2013-11 | $964,552 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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