1700 Broadway Club Inc C/o Rockpoint Group Llc
Nonprofit profile at a glance
- EIN
- 832994540
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6176039257
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $1,319,560
- Expenses
- $2,450,305
- Assets
- $315,447
- Liabilities
- $4,855,297
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- JAMES NICHOLSON (DIRECTOR)
- RON HOYL (DIRECTOR)
- SPENCER RAYMOND (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized and operated exclusively as a social and recreation club for the pleasure and recreation of its members and other nonprofit purposes. The corporation has been formed to foster a sense of community among the tenants, management, and onwers of 1700 broadway, New York, ny.
What it reported doing in 2024
Food & beverage- limited service restaurant for the members. Member private event - catering food & beverages provided for the private events along with a meeting room for both members and their invited guests.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 12
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.7%; rating input score 42
- Program expense ratio: 22.4%; rating input score 22
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -85.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 15.39; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 23.6% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 27.1% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: -0.3% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 41.7% of revenue deployed · 22.4% of spending went to programs
- Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $550K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.