The Community Development Venture Capital Alliance in New York, New York (NY)
Table of contents:
| The Community Development Venture Capital Alliance | |
| Employer Identification Number (EIN) | 411800192 |
| Name of Organization | The Community Development Venture Capital Alliance |
| In Care of Name | Judy Burton |
| Address | 424 W 33rd St Rm 320, New York, NY 10001-2618 |
| Activities | Other activity aimed t combating community deterioration, Non financial services of facilities to other organizations, Described in section 170(b)1)(a)(vi) of the Code |
| Subsection | Educational Organization |
| Ruling Date | 09/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $4,471,776 |
| Amount of Income | $743,661 |
| Form 990 Revenue Amount | $743,661 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $743,661 (it was $242,851 in 2012)
| This organization: | $743,661 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $4,471,776 (it was $4,281,722 in 2012)
| This organization: | $4,471,776 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2012: $657,671
| This organization: | $657,671 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2012: 1.1
| The Community Development Venture Capital Alliance: | 1.1 |
| Other organizations performing similar types of work: | 1.6 |
Number of employees in 2012: 2
| This organization: | 2 |
| Other organizations performing similar types of work: | 1 |
Employees paid over $100,000 in 2012: 50.0%
| This organization: | 50.0% |
| Other organizations performing similar types of work: | 0.0% |
Grants share in income in 2012: -10.3%
| This organization: | -10.3% |
| Other organizations performing similar types of work: | 87.4% |
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| 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 2012) | |
| Total revenue | $-411,428 |
| Contributions, Gifts, Grants and Other Similar Amounts | $42,371 |
| Program Service Revenue | $192,485 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $2,484 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net loss from sales of assets other than inventory | $-654,279 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $654,279 |
| Gain or (loss) (Securities / Other) | $0 / $-654,279 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $5,511 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $657,671 |
| Compensation of current officers, directors, trustees, and key employees | $235,687 |
| Other salaries and wages | $31,442 |
| Payroll taxes | $12,426 |
| Professional fundraising services | $0 |
| Other | $378,116 |
| Balance Sheet (for 2012) | |
| Total assets | $4,281,722 |
| Total liabilities | $4,169,608 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $4,000,000 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $169,608 |
| Total net assets or fund balances | $112,114 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| 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 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $236,728 |
| Gifts, grants, contributions, and membership fees received | $116,052 |
| 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 | $120,676 |
| Gross receipts from related activities, etc. | $2,634,438 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Grow America Fund Inc | 708 Third Avenue, New York, NY 10017-4201 | NY | 2013-02 | $8,175,642 |
| 3 | Wyoming County Community Action Inc | 6470 Route 20a, Perry, NY 14530-9765 | NY | 1995-12 | $2,931,696 |
| 4 | Sustainable South Bronx | Groundfloor, Bronx, NY 10453 | NY | 2003-08 | $1,178,460 |
| 5 | The Council Of Urban Professionals Institute | 55 Exchange Place, New York, NY 10005-3301 | NY | 2003-05 | $944,590 |
| 6 | The Community Development Venture Capital Alliance | 424 W 33rd St Rm 320, New York, NY 10001-2618 | NY | 1995-09 | $743,661 |
| 7 | Urban Empowerment Fund | 120 Wall Street 8th Floor, New York, NY 10005 | NY | 2013-10 | $685,000 |
| 8 | Sobro Local Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1978-12 | $405,332 |
| 9 | Westchester Square Business Improvement District Inc | 25 Westchester Square 2nd Floor, Bronx, NY 10461-3545 | NY | 2014-04 | $333,930 |
| 10 | Yonkers South Broadway District Management Association Inc | 8 Saint Andrews Pl, Yonkers, NY 10705-3138 | NY | 2003-02 | $319,960 |
| 11 | Atlantic Avenue District Management Association Inc | 340 Atlantic Avenue, Brooklyn, NY 11201-6696 | NY | 2013-05 | $298,414 |
| 12 | Town Of North Hempstead Business And Tourism Development Corp | And Tourism Development Corp 220 Pl, Manhasset, NY 11030 | NY | 2006-08 | $292,535 |
| 13 | Sutphin Boulevard District Management Association Inc | 89-00 Sutphin Blvd Ste 204c, Jamaica, NY 11435-3700 | NY | 2005-04 | $283,060 |
| 14 | Southeast Gateway Community Development Corporation K P L | 1818 S Salina St, Syracuse, NY 13205-1360 | NY | 2003-03 | $190,933 |
| 15 | Barrett Lending Corporation | 77 Park Ave Ave Ste 3g, New York, NY 10016-2556 | NY | 2011-07 | $183,137 |
| 16 | Fairport Partnership For A Better Community Inc | 6 N Main St Ste 105, Fairport, NY 14450-1581 | NY | 2014-07 | $111,151 |
| 17 | Upstate Ny Regional Minority, Purchasing Council | 100 Indigo Drive, Rochester, NY 14626 | NY | 1995-12 | $109,100 |
| 18 | Adirondack Gateway Council Inc | 42 Ridge St, Glens Falls, NY 12801-3610 | NY | 2012-05 | $75,656 |
| 19 | Walk In Love For Jesus | 906 Newbridge Rd, N Bellmore, NY 11710-1619 | NY | 2002-09 | $64,857 |
| 20 | Capital District Black Chamber Of Commerce | 90 State Street, Albany, NY 12207 | NY | 2012-10 | $24,768 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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