163Rd Street Improvement Council Inc

Nonprofit profile at a glance

EIN
132564957
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7186206007
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$15,089,968
Expenses
$15,343,235
Assets
$26,146,393
Liabilities
$15,309,257

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • CASSANDRA PERRY UNTIL 53124 (EXECUTIVE DI): $187,167 total reported compensation
  • EVELYN BOTWE (PROGRAM DIRE): $102,784 total reported compensation
  • NANCY PASCAL (EXECUTIVE DI): $91,983 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

163rd street improvement council runs 5 housing programs that addresses housing and homelessness. Headquarters has begun a community garden, and a community health fair engaging all the programs and partners.

What it reported doing in 2024

Vhr is a 60 - unit congregate care facility fully furnished, safe, and private studio apartments housing men and women referred by hasa, a division of the nychra. The program provides a continuum of care for people living with chronic illnesses. That continuum includes supportive services, case management, and substance abuse, mental health, nutrition and health counseling. The building is in dire need of renovation to increase tenant capacity. Accomplishments: - new program director, new cctv upgrade and intercom system upgrades, new partnerships with nonprofits to increase referral sources and programing. - last year the numbers, now at 49, were 43 at vhr served. Tenants moved on to higher standard of living with jobs and we are working on upgrades to the facility. - we now have 5 new food programs addressing the high food insecurity; gods love we deliver, rethink food, essen medical, project box, and rescuing leftover cuisine. - we have implemented a new mental health program bi-weekly and we have a strong narcotics anonymous program hosted twice a week in our newly accessible community room. Ogden is a 40 unit single-room occupancy (sro) supportive housing program serving single adults in fully furnished, safe, and private studio apartments. All the residents are referred through hasa, a division of nyc human resources administration. On-site services include case management, vocational support, substance use counseling, health and nutrition services, and recreational programming. Located near public transportation, the residence also connects tenants to a robust network of off-site supportive and community-based resources. Accomplishments: - we now have 5 new food programs addressing the high food insecurity; gods love we deliver, rethink food, essen medical, project box, and rescuing leftover cuisine. - in receipt of subsidized payment assistance through hpd coc mod sro. Ipna process scheduled, for capitol funding. - ogden served 22 individuals last year, 7 females, 15 males, age range 28-77. - new gas pipe lines completed, elevator sub pump replacement, elevator modernization completion date june 2026.

Operating model

Revenue model
Grant-funded. 95% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.7%; rating input score 87
  • Program expense ratio: 85.3%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.7%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 1.7; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 15.3% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 17.6% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 86.7% of revenue deployed · 85.3% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $13.1M in reported program spending
  • Leadership: top reported pay $187K · 10 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $1.1M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 24/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.