Red Apple Child Development Center

Nonprofit profile at a glance

EIN
133933851
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
New York, NY, USA
Phone
2125772710
Rating confidence
Limited
Sector
Elementary, Secondary Education, K - 12

Reported finances

Revenue
$-172,830
Expenses
$0
Assets
$2,911,736
Liabilities
$3,346,164

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • ZIMING SHEN (TRUSTEE)
  • FEI YUAN (TREASURER)
  • YAN ZHENG (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

Form 990 part i, line 1-organization mission or significant activities the organization ceased doing business as the operator of day care facilities. The day care centers were operated by a related party for-profit affiliated corporation. Starting from 2020, the day care centers are operated by metrokids cradle (south end) inc & metrokids cradle (queens center) inc, non-related business entities. The organization manages and operates facilities for two day care locations, as the landlord. Therefore, the organization has undertaken the steps to change its corporate by-laws.

What it reported doing in 2024

The organization ceased operations of its day care centers in march 2015. The day care centers were operated by a related party for-profit corporate affiliate. Starting from 2020, the day care centers were operated by metrokids cradle (south end) & metrokids cradle (queens center) inc non-related for-profit entities. The organization is the landlord and operates facilities for two day care center locations. Therefore, the organization has undertaken the necessary steps and procedures to change its by-laws. From january 1, 2022, 25 market st, nycs tenant moved out and since then, no rents were collected. The space was either on market for rent & for sale for rego park, queens ny location, when babove world institue, a 501c(3)not for profit organization became the tenant from febuary 2023, their rents were $112,269.00 per year and such amount were outstanding as of 12/31/2023.. There is another tenant, babove llc, rental income from this company was $525,000

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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: NotEnoughData
  • Transparency & Controls: 67
  • Accountability: 59
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 50%; rating input score 50; 20th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -100%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 1.15; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -26.8% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -23.3% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -4.8% per year; rating input score 0; 21st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 2 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 11 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.