Glen Cove Neighborhood Association Inc
Nonprofit profile at a glance
- EIN
- 111633510
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Locust Valley, NY, USA
- Phone
- 5166764600
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $104,218
- Expenses
- $65,633
- Assets
- $360,751
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- NICHOLAS MARTONE (PRESIDENT)
- CRAIG TREIBER (VICE PRESIDENT)
People named in this filing
- NICHOLAS MARTONE (PRESIDENT)
- CRAIG TREIBER (VICE PRESIDENT)
- BEVERLY BELL (SEC / TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The glen cove neighborhood association was formed for the purpose of the promotion of the social, physical and intellectual welfare of the residents of glen cove and adjacent areas.
What it reported doing in 2024
The association owns property that it leases to the ymca of long island, inc. The ymca pays for the maintenance and capital improvements of the property.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 62% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 74
- Sustainability: 86
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.4%; rating input score 43
- Program expense ratio: 71.8%; rating input score 72
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 37%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 5.5; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 11.8% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 43.4% of revenue deployed · 71.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $47K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 43/100.