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EAST RIVER DEVELOPMENT ALLIANCE INC: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
EAST RIVER DEVELOPMENT ALLIANCE INC (EIN 86-1096987)
Tax period
2022-07-01 to 2023-06-30
Filed
2023-11-08
IRS object ID
202323129349202807
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-08T13:36:08-08:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113264561PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WEI WEI & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line113310 39TH AVEAddressLine1Txt
CityFLUSHINGCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11354ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN861096987EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EAST RIVER DEVELOPMENT ALLIANCE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEASTBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line112-11 40 TH AVENUEAddressLine1Txt
CityLONG ISLAND CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11101ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMITCHELL TAYLORPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Signature2023-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMITCHELLPersonFirstNm
Person LastTAYLORPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLiren Wei CPAPreparerPersonNm
PTINP00739801PTIN
Phone7184456308PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$0TotalRevenueAmt
Net Assets Or Fund Balances BOY$5,012,054NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,012,054NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$3,124,458BOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$5,272,213BOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,396,671BOYAmt
EOY$0EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,384,617BOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$5,012,054BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeThe Organization works in public housing communities primarily in Western Queens, NY to provide residents with tools and resources needed for personal and community improvement and revitalization, primarily focusing on achieving economic mobility, self sufficiency. Results are achieved through a combination of integrated programs in individual and community development.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (4 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxt
FINANCIAL CONSULTINGsee schedule 0
WORKFORCE DEVELOPMENT PROGRAMsee schedule o
EDUCATION ACCESS AND DEVELOPMENTsee schedule o
MISSION
FieldValueIRS element (for citing)
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (15 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MITCHELL TAYLOR
CEO35.00$0
DAVID MILLER
CFO35.00$0
BENJAMIN LERER
Chairman0$0
KARTHIK KRISHNAN
Treasurer0$0
NICHOLAS WILLIAMS
Secretary0$0
BONNY BERGSTEIN
MEMBER0$0
BRAD TULLY
MEMBER0$0
CLADIA COGER
MEMBER0$0
ELYSABETH KLEINHANS
MEMBER0$0
ERIC GIOIA
MEMBER0$0
ERIC WEISS
MEMBER0$0
GREG SCHIEFELBEIN
MEMBER0$0
ROBIN DRACOS
MEMBER0$0
SURAJ PATEL
MEMBER0$0
CARLOS CANO
SENIOR DIRECTOR35.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
Personthe organizationPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line112-11 40 TH AVENUEAddressLine1Txt
CityLONG ISLAND CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11101ZIPCd
FieldValueIRS element (for citing)
Phone7187840877PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtCompensationCompensationAmtEmployee BenefitsEmployeeBenefitsAmtExpense AccountExpenseAccountAmt
CARLOS CANO
COO35.00$25,000$0$0
DAVID MILLER
CFO35.00$25,000$0$0
FieldValueIRS element (for citing)
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,230,490CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,605,767CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,526,947CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,145,491CurrentTaxYearMinus1YearAmt
Total$26,508,695TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,230,490CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,605,767CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,526,947CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,145,491CurrentTaxYearMinus1YearAmt
Total$26,508,695TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$26,508,695PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$25,675CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,918CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8CurrentTaxYearMinus1YearAmt
Total$49,615TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$26,558,310TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1700.00000PublicSupportCY170Pct

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Assets.1005Accounts Receivable - Beginning $3962017 Accounts Receivable - Ending $0
Other Assets.1011Prepaid Expenses and Deferred Charges - Beginning $23398 Prepaid Expenses and Deferred Charges - Ending $0
Other Assets.1SECURITY DEPOSIT - Beginning $71379 SECURITY DEPOSIT - Ending $0
Other Assets.2operating LEASE RIGHT OF USE ASSETS - Beginning $1215419 operating LEASE RIGHT OF USE ASSETS - Ending $0
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $1388027 Accounts Payable and Accrued Expenses - Ending $0
Total Liabilities.1007Secured Mortgages and Notes Payable - Beginning $781171 Secured Mortgages and Notes Payable - Ending $0
Total Liabilities.1OPERATING LEASE LIABILITIES - Beginning $1215419 OPERATING LEASE LIABILITIES - Ending $0
FINANCIAL CONSULTINGFinancial counseling programs provide financial education and individualized financial counseling services for working families for increasing financial health, and to foster and maintain good financial habits.
WORKPLACE DEVELOPMENT PROGRAMSWorkforce development programs provide job training and placement with focusing on increased job security and making strikes in long term career paths. A special focus on the unemployed and the underemployed is emphasized.
EDUCATION ACCESS AND DEVELOPMENTOther programs primarily focus on education access and development. Emphasis is on youth potential development, college access, SAT preparation, credit union support, community enterprise initiatives cooperatives support and other community revitalization programs with local business and community leaders.
FORM 990 PART III SCHEDULE R LINE1, During the prior fiscal year end and continuing during the current Fiscal Year ended June 30, 2021 the Organization has a community enterprise initiative to assist in establishing dynamic social enterprises dedicated to providing high quality jobs and services. The entities operate as separate entities outside of the Organization. The entities are administratively supported on an agency basis by the Organization until fully operational. One entity created to provide private security services is fully operational. One entity to provide pet and related services has been formed and is not yet fully operational.
PART III LINEAs part the Organization community enterprise initiative to assist in establishing dynamic social enterprises dedicated to providing high quality jobs and services. OnPoint Security NYC LLC (a calendar year reporting entity) was established to provide private security services to the local business and residential community. The entity operates separate from the Organization. The Organization contractually secures services from the entity. During the Fiscal Year Ended June 30 2021, the Organization paid $103,630 for security services.

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