Residency Unlimited Inc

Nonprofit profile at a glance

EIN
270353666
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2009
Location
Brooklyn, NY, USA
Phone
9174782694
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$957,566
Expenses
$956,148
Assets
$940,171
Liabilities
$5,371

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

Leadership & pay

13 people listed

Executive titles in this filing

  • NATHALIE ANGLES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • NATHALIE ANGLES (EXECUTIVE DIRECTOR): $70,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide customized support to artists and curators in residence and working collaboratively with local organizations to create successful residency environments.

What it reported doing in 2024

In 2024 ru hosted residencies for 62 artists (52 international + 10 ny/us-based) and 15 curators from 39 countries including albania, australia, austria, belgium, bosnia and herzegovina, brazil, bulgaria, canada, croatia, cuba, czech republic, france, finland, Georgia, germany, hungary, india, iran, ireland, israel, japan, kosovo, kyrgyzstan, lithuania, mexico, montenegro, north macedonia, palestine, poland, portugal, slovenia, slovakia, serbia, spain, switzerland, turkey, united arab emirates, united kingdom and the USA. Supporting local artists from underserved communities across the five boroughs is a priority for ru. In 2024, 4 local artists were selected through open call and a jury for the 2024 New York city-based artist residency (nycbar) program and 4 local artists were selected for the 2024 voices of multiplicity (vom) iii program. The nyc artists had a culminating exhibition at all street gallery and the vom artists had workshops with the artmobile van in collaboration with the brooklyn public library and a culminating exhibition at the ru house on governors island. In 2024 ru organized 630 studio visits/meetings for critical feedback between resident artists and the broader arts professional community in nyc by inviting 108 guest visitors. This is a remunerated service. We worked with 4 guest curators throughout the year who met with ru artists and curated an exhibition, adding a level of customized support for ru's public programming. In 2024 we organized 52 public programs (16 exhibitions, 21 talks, 5 performances, 10 workshops) at our headquarters in carroll gardens, the ru house on governors island and partnering venues including all street gallery, 1014 space for ideas, cuban artists fund studio, the clemente soto velez cultural & educational center and 20 jay street studios.in 2024, ru continued its collaboration with the arts department at nyc health + hospitals for the community mural project (cmp)--a project funded by the illumination fund--to select 6 artists commissioned to create murals in hospitals across the five boroughs. Ru community building activities for the residents include 26 field trips and 12 welcome gatherings in 2024. They visited the chinese american arts council / gallery 456, andrew edlin gallery, fridman gallery, miguel abreu gallery, elizabeth foundation for the arts (efa), rockefeller foundation permanent collection, ford foundation permanent collection, aim biennial at the bronx museum, bard college hessel museum, open source gallery, wave hill, dia beacon, mishkin gallery, museum of arts and design (mad), ps122 gallery, kevork mourad studio, all street gallery, galleries in the bowery (irl gallery, 56 henry, kapow gallery, blade study, no gallery, miguel abreu and olympia gallery), national academy of design, New York latin american triennial on governors island, apexart, smack mellon, the james gallery, the brant mansion, dieu donn and the queens museum.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 77
  • Accountability: 84
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.7%; rating input score 87
  • Program expense ratio: 76.5%; rating input score 76
  • Fundraising efficiency: $27.64 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 23rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 11.2% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 86.7% of revenue deployed · 76.5% of spending went to programs
  • Governance: 9 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $731K in reported program spending
  • Leadership: top reported pay $70K · 13 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.