CARROLL GARDENS ASSOCIATION INC

EIN: 112573432 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$1,021,415
Total Expenses
$814,998
Total Assets
$1,540,239
Net Assets
$1,136,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NY
Principal Officer
BEN FULLER-GOOGINS
Phone
7182439301
Tax Period
2023-07-01 to 2024-06-30

CARROLL GARDENS ASSOCIATION INC, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 20% operating margin.

Mission

OUR MISSION IS TO FOSTER A COMMUNITY WHERE RESIDENTS AND FAMILIES OF ALL INCOME LEVELS IN SOUTHWEST BROOKLYN'S NEIGHBORHOODS CAN LIVE, WORK, AND THRIVE. CARROLL GARDENS ASSOCIATION, INC. (CGA) FULFILLS THIS MISSION BY PRESERVING AND DEVELOPING AFFORDABLE HOUSING, ENFORCING QUALITY HOUSING MANAGEMENT PRACTICES, PROMOTING SMALL BUSINESS ECONOMIC DEVELOPMENT, AND PROVIDING AND LINKING RESIDENTS TO SOCIAL SERVICES AND RESOURCES TO IMPROVE THE QUALITY OF THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $320,000 Revenue: $160,000

PERHAPS MORE THAN ANYTHING ELSE, EXPANDING THE EMPLOYMENT AND TRAINING OPPORTUNITIES AVAILABLE TO RESIDENTS OF THE COMMUNITY AND HELPING THEM INCREASE THEIR EARNING POWER, IS AT THE HEART OF OUR...

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PERHAPS MORE THAN ANYTHING ELSE, EXPANDING THE EMPLOYMENT AND TRAINING OPPORTUNITIES AVAILABLE TO RESIDENTS OF THE COMMUNITY AND HELPING THEM INCREASE THEIR EARNING POWER, IS AT THE HEART OF OUR VISION FOR SOUTHWEST BROOKLYN. OUR EFFORTS TO REALIZE THIS VISION ARE ORGANIZED AROUND THE OBJECTIVE TO IMPROVE RESIDENTS' ACCESS TO EMPLOYMENT AND TRAINING OPPORTUNITIES THROUGHOUT THE METROPOLITAN REGION. CARROLL GARDENS ASSOCIATION PROVIDES FREE COMPUTER TRAINING TO DOZENS OF INDIVIDUALS ANNUALLY. THE COMPUTER TRAINING PROGRAM IS A SEVEN-WEEK COURSE THAT PROVIDES PARTICIPANTS WITH INSTRUCTION ON BASIC COMPUTER SKILLS, THE USE OF THE INTERNET, AND LESSONS ON MICROSOFT WORD, EXCEL, AND POWERPOINT. AFTER SUCCESSFUL COMPLETION OF THE TRAINING PROGRAM, PARTICIPANTS RECEIVE A CERTIFICATE OF COMPLETION THAT THEY COULD SHOW TO PROSPECTIVE EMPLOYERS. SESSIONS FOR THE COMPUTER TRAINING PROGRAM ARE HELD AT THE CGA TRAINING CENTER. THE CGA TRAINING CENTER INCLUDES SPACE FOR A COMPUTER LAB AND A CLASSROOM TYPE SETTING. IN ADDITION TO THE FREE COMPUTER TRAINING PROGRAM, A VARIETY OF EDUCATIONAL WORKSHOPS ARE HELD REGULARLY AT THE CGA TRAINING CENTER.

Program 2
Expenses: $318,202 Revenue: $77,768

CGA'S ENTREPRENEUR ASSISTANCE PROGRAM OFFERS RESOURCES TO SMALL BUSINESSES THROUGH WORKSHOPS AND ONE-ON-ONE COUNSELING WITH THOSE WHO WISH TO START A BUSINESS OR EXPAND AN EXISTING BUSINESS. THE...

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CGA'S ENTREPRENEUR ASSISTANCE PROGRAM OFFERS RESOURCES TO SMALL BUSINESSES THROUGH WORKSHOPS AND ONE-ON-ONE COUNSELING WITH THOSE WHO WISH TO START A BUSINESS OR EXPAND AN EXISTING BUSINESS. THE PARTNERSHIP WILL ALSO MAKE GOVERNMENT RESOURCES TO ASSIST SMALL BUSINESSES AVAILABLE TO OUR COMMUNITY. IN PARTICULAR, CGA WORKS WITH THE NYC SMALL BUSINESS SERVICES (NYC SBS) TO OFFER 1-ON-1 COUNSELING TO AREA RESIDENTS, ENTREPRENEURS, AND SMALL BUSINESSES. CGA WAS SELECTED AS ONE OF SIX COMMUNITY BASED ORGANIZATIONS BY THE CENTER FOR FAMILY LIFE TO PARTICIPATE IN THE NEW YORK CITY WORKER COOPERATIVE DEVELOPMENT INITIATIVE. THE INITIATIVE, A MULTI YEAR INTENSIVE TRAINING, EQUIPS STAFF WITH THE NEEDED SKILLS AND RESOURCES FOR CGA TO LAUNCH A WORKER COOPERATIVE INCUBATION PROGRAM.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $724,408
Program Service Revenue $237,768
Investment Income $0
Other Revenue $59,239
TOTAL REVENUE $1,021,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,555
Fundraising Expenses $0
Program Expenses $638,202
Other Expenses $387,443
TOTAL EXPENSES $814,998

Year-over-Year Comparison

2023 2022 Change
Revenue $1,021,415 $839,158 +0.2%
Expenses $814,998 $696,347 +0.2%
Net Income $206,417 $142,811 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
8
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$117,333
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VILMA V HERAMIA UNTIL 12312024 EXECUTIVE DI 35.00
Officer
$117,333 $0 $117,333
EVA SIERRA GIAMBOI CHAIRPERSON 2.00
Officer Director
$0 $0 $0
BENJAMIN LEVINE VICE CHAIR 2.00
Officer Director
$0 $0 $0
CYNTHIA GONZALEZ SECRETARY 1.00
Officer Director
$0 $0 $0
GEORGE FIALA TREASURER 1.00
Officer Director
$0 $0 $0
LEROY BRANCH BOARD MEMBER 1.00
Director
$0 $0 $0
RALPH BUMBACA BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH BUSCARELLO BOARD MEMBER 1.00
Director
$0 $0 $0
SULEKHA SHARAN FRANK BOARD MEMBER 1.00
Director
$0 $0 $0
GALE JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA WILSON ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2024 $1,021,415 $814,998 $1,540,239 $206,417
2023 $839,158 $696,347 $1,230,065 $142,811
2023 $806,334 $684,258 $1,179,035 $122,076
2022 $698,865 $612,557 $1,052,597 $86,308
2022 $687,699 $599,977 $1,023,742 $87,722
2021 $494,832 $425,702 $945,006 $69,130
2021 $534,127 $458,602 $972,645 $75,525
2020 $384,491 $503,438 $752,034 $-118,947
2019 $452,859 $373,636 $897,213 $79,223
2018 $691,756 $312,063 $885,834 $379,693
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