Neighborhood Strategies Inc

Nonprofit profile at a glance

EIN
812782023
IRS 990-EZ coverage
2018–2023
Forms available
Form 990-EZ 2023
Location
Manhasset, NY, USA
Phone
5166628182
Rating confidence
Limited
Sector
Economic Development

Reported finances

Revenue
$0
Expenses
$1,406
Assets
$0
Liabilities
$22,505

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • JOHN FOUGNER (DIRECTOR)
  • SCOTT ARMSTRONG (DIRECTOR)
  • KEVIN COONEY (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-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The charitable purposes for which the corporation is organized are: (a)to improve economic conditions in blighted and badly deteriorated areas of New York city, New York through the development of housing and commercial development, and the creation of employment opportunities for low-income and unemployed persons in such underutilized areas; (b) to stimulate economic growth in depressed areas and combat unemployment in New York city; (c) to stabilize such blighted or depressed communities; (d) to combat deterioration in suchblighted or depressed communities; (e) to further the social welfare ofsuch blighted or depressed communities; and (f) to improve economic conditions in such blighted communities. The corporation, in carrying out its purposes, shall have all the powers granted by law to a corporation formed under the New York not-for-profit corporation law, and any laws amendatory thereof or supplementary thereto.

What it reported doing in 2023

It is anticipated that the organization will raise funding from various sources in order to make below-market, flexible financial products available to high-impact projects located in distressed communities throughout the New York metropolitan area. Additionally, the organization will liaise with other non-profits and organizations in order to provide workplace development and job training to residents of distressed communities, with the goal of achieving permanent employment at projects the organization provides funding to or partners with.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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: 0
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

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 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2018 to 2023
  • 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.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.