Neighborhood Charter Schools
Nonprofit profile at a glance
- EIN
- 453355866
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6467017117
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Education
Reported finances
- Revenue
- $39,840,243
- Expenses
- $38,854,453
- Assets
- $110,737,435
- Liabilities
- $104,007,531
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- CLIFF SCHNEIDER (VICE PRESIDENT)
- PATRICIA SOUSSLOFF (PRESIDENT- RESIGNED JUN 2025)
- DANIEL MCCORMICK (EXECUTIVE DIRECTOR)
Highest reported compensation
- DANIEL MCCORMICK (EXECUTIVE DIRECTOR): $259,870 total reported compensation
- NICHOLAS CARTON (PRINCIPAL): $208,953 total reported compensation
- KARA SINGLETON (DIRECTOR OF MIDDLE SCHOOL ACADEMICS): $184,423 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of neighborhood charter schools is to provide children with new educational opportunities through a rigorous, comprehensive k-8 program that cultivates the intellectual, social and emotional development of each child. Our school is an inclusive community that serves high-functioning children on the autism spectrum along with their neighborhood peers. Our students will become independent learners and critical thinkers, will acquire the academic skills they need to succeed in college preparatory high schools and will exhibit the social and emotional skills that will allow them to reach their full potential.
What it reported doing in 2024
Special education - expenses directly associated with enhancing our current curriculum for special needs students. Hired consultants to add to our program's success by assisting us with designing programs that would meet the clinical, training, and research needs of individuals with autism spectrum disorders (asd). We served 127 students in the asd program and 226 other special needs students during the 2024-2025 school year.
Operating model
- Revenue model
- Earned-program. 88% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85%; rating input score 85
- Program expense ratio: 87.6%; rating input score 88
- Fundraising efficiency: $206.11 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings
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: Missing
- Compensation survey or study: Pass
- 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: 2.5%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 2.85; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 16.1% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 16.8% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 26.7% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 85% of revenue deployed · 87.6% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $34M in reported program spending
- Leadership: top reported pay $260K · 21 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.7M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 12 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.
- Moderate — Sustainability: Operating margin scored 44/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.