Village Community Boathouse Inc

Nonprofit profile at a glance

EIN
262246567
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
New York, NY, USA
Phone
2122292059
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Swimming & Other Water Recreation

Reported finances

Revenue
$42,875
Expenses
$39,537
Assets
$49,215
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • ANDREW LEUNG (PRESIDENT)
  • SARAH CURTIS (VICE PRESIDENT)

People named in this filing

  • ANDREW LEUNG (PRESIDENT)
  • SARAH CURTIS (VICE PRESIDENT)
  • LORNE SWARTHOUT (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 mission of the village community boathouse is to promote awareness of the public ownership of our urban waterways and to provide the means for everyone to access them; to introduce the public, and especially young people, to the joys of rowing and sailing whitehall gigs in New York harbor and to revive the arts of small-boat seamanship and boatbuilding; to advance the environmental stewardship of the harbor and the estuary; and to foster a tradition of maritime hospitality and fellowship.

What it reported doing in 2024

Village community boathouse offers free community rowing two days per week pier 40 on the hudson river and once weekly in brooklyn's prospect park. The boathouse also hosts high school and college aged rowers at various events during the year. Community volunteers are also engaged to learn about small boat maintenance and repair as part of our community boatbuilding program. In a typical year, over 1,000 people participate in these programs.

Operating model

Revenue model
Donor-supported. 69% of the money available for current operations came from contributions and gifts.
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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 82
  • Sustainability: 58
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 86.5%; rating input score 86

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7.8%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 79.8% of revenue deployed · 86.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $34K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • 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 — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.