2013-08-12T12:25:44-05:00 2012-09-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2011-10-01 810584343 CENTER FOR COMMUNITY DEVELOPMENT FOR NEW AMERICANS INC CENT 2128984112 120 BROADWAY NO 230 NEW YORK NY 100072353 HARRIET JOYNES 9175228310 2013-08-12 1 LAURENCE SCOT MBA CPA P00632647 2129671100 2013-08-12 2011 2016-02-25 16:41:14Z BUSINESS CENTER FOR NEW AMERICANS HARRIET JOYNES 305 SEVENTH AVENUE 11TH FLOOR NEW YORK NY 10001 1904684 0 X WWW.NYBCNA.ORG X 2002 NY PROVIDE FINANCIAL & BUSINESS SERVICES TO RECENT IMMIGRANTS, REFUGEES, WOMEN & OTHER NEW YORKERS. 9 8 0 6 0 0 989975 1764909 28281 27944 145852 111572 15731 259 1179839 1904684 173113 200929 0 0 0 0 0 0 8500 1030817 1103015 1203930 1303944 -24091 600740 2318705 2368714 1751775 1201044 566930 1167670 X TO PROVIDE FINANCIAL AND BUSINESS SERVICES TO RECENT IMMIGRANTS, REFUGEES, WOMEN AND OTHER NEW YORKERS IN NEED OF DEVELOPING SELF-SUFFICIENCY AND WEALTH CREATION. ASSISTANCE IS PROVIDED IN THE FORM OF MICROLOANS TO START OR EXPAND A BUSINESS, PURCHASE A FIRST HOME OR APARTMENT, ESTABLISH AND CONTRIBUTE TO A SAVINGS ACCOUNT AND EDUCATION IN FINANCIAL AND BUSINESS MANAGEMENT SKILLS. 0 0 489402 26914 SBA MICRO-LOAN AND TECHNICAL ASSISTANCE - PROVIDES MICRO LOANS THAT RANGE FROM $500 TO $35,000 AND ON-GOING TECHNICAL ASSISTANCE AND TRAINING TO SBA FUNDED MICRO-BORROWERS AND PROSPECTIVE BORROWERS. 300273 ORR MICRO ENTERPRISE DEVELOPMENT - ASSISTS DISADVANTAGED REFUGEE MICRO-ENTREPRENEURS TO START AND STRENGTHEN THEIR MICRO-BUSINESS THROUGH ACCESS TO CREDIT, TRAINING IN BUSINESS MANAGEMENT AND ONE-ON-ONE TECHNICAL ASSISTANCE. 281620 200929 ORR INDIVIDUAL DEVELOPMENT ACCOUNT - PROVIDES FINANCIAL WORKSHOPS AND MATCHED SAVINGS TO LOW-INCOME REFUGEES FOR BUSINESS INVESTMENT OR BUYING A FIRST HOME. 84555 CDFI PROGRAM - PROVIDES COMMUNITY DEVELOPMENT FINANCIAL SERVICES TO LOW-INCOME PEOPLE AND COMMUNITIES THAT LACK ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND SERVICES. 84555 1155850 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 NY X THE ORGANIZATION 2128984112 120 BROADWAY NO 230 NEW YORK NY 100072353 X DAN DELEHANTY 1.00 X 0 0 0 HARRIET JOYNES 1.00 X X 0 0 0 YMA GORDON-REID 1.00 X X 0 0 0 PETER BREST 1.00 X 0 0 0 BRYAN PU-FOLKES 1.00 X 0 0 0 JILL KELLY 1.00 X 0 0 0 FOULIS PEACOCK 1.00 X 0 0 0 DEEPTI SHARMA KAPUR 1.00 X 0 0 0 YANKI TSHERING 40.00 X X 0 0 0 0 0 0 0 0 0 0 0 1554938 209971 1764909 PROGRAM FEES 900099 27944 27944 27944 111572 111572 OTHER INCOME 900099 259 259 259 1904684 28203 0 111572 200929 200929 99171 87421 11750 60 60 47545 43595 3950 68943 10499 58444 5938 1416 4522 55306 40803 14503 19504 13191 6313 85333 79583 5750 15650 15650 2230 2230 PERSONNEL RELATED COSTS 593997 563747 21750 8500 BAD DEBTS 81364 81364 TRAVEL, CONFERENCES & M 16812 11031 5781 DUES & MEMBERSHIP FEES 6608 3016 3592 4554 3605 949 1303944 1155850 139594 8500 X 132277 102027 21750 8500 477450 376940 513613 198988 1275000 1498021 52642 294765 2318705 2368714 7350 102111 1264664 1081416 10167 487111 0 1751775 1201044 X 566930 1054822 112848 566930 1167670 2318705 2368714 600740 0 X 0 1 0 X 1 1 X 1288695 989975 1764909 4043579 1288695 989975 1764909 4043579 54607 3988972 79296 145852 111572 336720 520531 15731 259 536521 4916820 69788 0.81130 0.74490 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SINCE ITS INCEPTION, THE ORGANIZATION WAS A PROJECT OF THE NEW YORK ASSOCIATION FOR NEW AMERICANS. IN FEBRUARY 2009, IT BECAME A PROGRAM OF A FISCAL SPONSORING ORGANIZATION KNOWN AS THE FUND FOR THE CITY OF NEW YORK. AS SUCH, ALL ACTIVITY WAS INCLUDED AND REPORTED ON THOSE ORGANIZATIONS' RETURNS AND NO SEPARATE RETURNS WERE FILED UNDER THIS ORGANIZATION'S TIN FOR THE FISCAL YEARS ENDING SEPTEMBER 30, 2007, 2008, & 2009 OR 2010. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INTEREST RECEIVABLE 46395 SECURITY DEPOSITS 7000 OTHER RECEIVABLES 1030 DUE FROM FISCAL SPONSOR 240340 294765 1904684 1303944 600740 600740 1932487 27803 27803 1904684 0 1904684 1331747 27803 27803 1303944 0 1303944 1 MATCHING CONTRIBUTIONS FOR SAVINGS PROGRAM 62 200929 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: UPON QUALIFYING FOR THE "MATCHED SAVINGS PROGRAM", THE ORGANIZATION MATCHES THE SAVINGS AMOUNT UP TO A SPECIFIED ALLOWABLE LIMIT. FORM 990, PART VI, SECTION A, LINE 3 THE FUND FOR THE CITY OF NEW YORK (FCNY) ACTS AS A CONDUIT AND FISCAL SPONSOR FOR SOME OF THE ORGANIZATION'S GOVERNMENT GRANTS AND CORPORATE CONTRIBUTIONS AND PROVIDES ADMINISTRATIVE SERVICES. THE FCNY MANAGES THE ORGANIZATION'S ACTIVITIES AS A PROJECT UNDER ITS INCUBATOR PROGRAM, PROVIDES ACCOUNTING AND OTHER FINANCIAL SERVICES TO THE ORGANIZATION AND CHARGES A 9% SERVICE FEE BASED ON SELECT, AGREED-UPON PROJECT EXPENDITURES. THIS RELATIONSHIP ENDED SEPTEMBER 30, 2012. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS AFTER IT'S REVIEWED & APPROVED BY THE EXECUTIVE DIRECTOR AND BOARD CHAIR, BUT BEFORE IT'S FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES BOARD MEMBERS TO FILL OUT AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS & OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.