Cannon Point Preservation Corp

Nonprofit profile at a glance

EIN
825187665
IRS 990 coverage
2018–2020
Forms available
Form 990 2020
Location
New York, NY, USA
Phone
6467083408
Rating confidence
Limited
Sector
Community, Neighborhood Development

Reported finances

Revenue
$0
Expenses
$14,330
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JAMES P DONOVAN (PRESIDENT)
  • PAUL D WEXLER (VICE PRESIDENT)
  • BELINDA MARKEL (VICE PRESIDENT)
  • HELENE BLANK (VICE PRESIDENT)

People named in this filing

  • MARTIN NANCE (TREASURER)
  • JAMES P DONOVAN (PRESIDENT)
  • PAUL D WEXLER (VICE PRESIDENT)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose is to ensure, improve and maintain the integrity of the community surrounding sutton place south and sutton place park in manhattan, New York (the "community"), including the visual aspects, aesthetics, trees, shrubs and plantings for the purpose of public appreciation, enjoyment and recreation. The organization will achieve its objectives in a variety of ways. The organization will engage residents and other community organizations in the community in order to create a vibrant and healthy community. Such engagement will bring together members of the community to support the non-commercial, residential character of the neighborhood and will provide an educational resource for all ages which will aim to make sutton place park and its surrounding areas a vibrant center of the community and to preserve it unimpaired for future generations. The organization is dedicated to enhancing the community's urban plan and layout and to preserving its historic beauty. The organization wi

What it reported doing in 2020

To ensure, improve & maintain the integrity of the community surrounding sutton place south & sutton place park in manhattan, New York ( the community), including the visual aspects, aesthetics, trees, shrubs & plantings for the purpose of public appreciation, enjoyment & recreation.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 3 of 7 controls in place; rating input score 43
    • 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: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -29.8% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -83.9% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -144.8% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 6 of 6 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.