Credit Inc in New York, New York (NY)
Table of contents:
| Credit Inc | |
| Employer Identification Number (EIN) | 133790222 |
| Name of Organization | Credit Inc |
| In Care of Name | PHILLIP MORROW |
| Address | 555 Bergen Avenue, New York, NY 10455 |
| Website | http://WWW.SOBRO.ORG |
| Activities | Other inner city or community benefit activities, Non financial services of facilities to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2013 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $105,860 |
| Amount of Income | $33,057 |
| Form 990 Revenue Amount | $33,057 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $33,057 (it was $33,057 in 2013)
| This organization: | $33,057 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $105,860 (it was $105,860 in 2013)
| Credit Inc: | $105,860 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $14,878
| Credit Inc: | $14,878 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 2.2
| This organization: | 2.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 96.7%
| Credit Inc: | 96.7% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $34,393 | $33,057 |
| Contributions, gifts, grants, and similar amounts received | $33,339 | $31,957 |
| Program service revenue including government fees and contracts | $0 | $0 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $500 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $1,054 | $600 |
| Total expenses | $33,340 | $14,878 |
| Total net assets | $-3,533 | $14,646 |
| Excess/Deficit for the year | $1,053 | $18,179 |
| Net assets or fund balances at beginning of year | $-4,586 | $-3,533 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $-3,533 | $14,646 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $64,351 | $105,860 |
| Total liabilities | $67,884 | $91,214 |
| Net assets or fund balances | $-3,533 | $14,646 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $87,978 |
| Subtotal Support | $87,978 |
| Gifts, grants, contributions, and membership fees received | $87,978 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $90,132 |
| Public Support | $87,978 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $2,154 |
| Gross receipts from related activities, etc. | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
Leir Foundation Inc in New York, NY
 |
|
Arquetopia Foundation Inc, Arquetopia Foundation For Development in New York, NY
|
| Stein Senior Center Inc in New York, NY |
| The Bridge Inc in New York, NY |
|
Lucis Trust And Arcane School in New York, NY
|
Crawfish For Cancer Inc in New York, NY
 |
| National Council Of Ghanaian Association Inc in New York, NY |
|
Tay-Bandz Inc in New York, NY
|
| Polish American Immigration And Relief Committee Inc in New York, NY |
|
Stationary Engineers Fireman Mntnce & Bldg Srvc Union Loc 670 Wlfr Fnd in New York, NY
|
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 2 | Saratoga Economic Development Corporation | 28 Clinton Ave, Saratoga Springs, NY 12866-2391 | NY | 1980-01 | $831,929 |
| 3 | Washington Heights And Inwood Development Corporation | 57 Wadsworth Ave, New York, NY 10033-7048 | NY | 1979-02 | $633,423 |
| 4 | Watertown Local Development Corporation | 82 Public Sq, Watertown, NY 13601-2622 | NY | 1984-06 | $436,495 |
| 5 | Ujamaa Community Development Corporation | 52 S 6th Ave, Mount Vernon, NY 10550-3005 | NY | 1997-10 | $268,187 |
| 6 | Seaway Trail Incorporated | 109 Barracks Dr, Sackets Hbr, NY 13685-9530 | NY | 1985-06 | $78,045 |
| 7 | The Affordable Housing Conservancy | 2 Eugene L Brown Dr, New Paltz, NY 12561-3946 | NY | 1995-07 | $8,956 |
| 8 | Yonkers Local Assistance Corporation | 470 Nepperhan Ave, Yonkers, NY 10701-6651 | NY | 1995-10 | $645 |
| 9 | Community Bridges Inc | 150 Glenwood Avenue Suite G-5, Yonkers, NY 10703-2650 | NY | 1998-11 | $0 |
| 10 | Dunkirk Local Development Corporation | 342 Central Ave, Dunkirk, NY 14048-2122 | NY | 1997-12 | $0 |
| 11 | East Harlem Community Development | 217 E 116th St, New York, NY 10029-1402 | NY | 1998-11 | $0 |
| 12 | Elmhurst Economic Development Corporation | 8702 Queens Blvd, Elmhurst, NY 11373-4419 | NY | 1983-07 | $0 |
| 13 | Euphoric | 128 Lewis Avenue 110, Brooklyn, NY 11221-2058 | NY | 1997-04 | $0 |
| 14 | Ghanaian Association Of Westchester | PO BOX 972, Yonkers, NY 10703 | NY | 1998-07 | $0 |
| 15 | Historic Troy 2020 Inc | 210 River Street, Troy, NY 12180 | NY | 1989-09 | $0 |
| 16 | Lyell Area Revitalization Committee Inc | 175 Fairgate St, Rochester, NY 14606-1445 | NY | 1992-12 | $0 |
| 17 | Ninth Avenue Local Development Corp | 492 9th Ave, New York, NY 10018-4102 | NY | 1985-10 | $0 |
| 18 | Northern Advanced Technologies Corporation Natco | 5542 Clarkson University, Potsdam, NY 13699-5549 | NY | 1989-03 | $0 |
| 19 | Onondaga Conty Infrastructure Commission Inc, Martineau Daniel | 407 Court House, Syracuse, NY 13208-1605 | NY | 1996-02 | $0 |
| 20 | Seneca 2000 Inc Co Joyce Sinicropi | 15 Cuddeback Street, Seneca Falls, NY 13148 | NY | 1994-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 531 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Credit Inc »
Non-representatives - add comments about Credit Inc»