NEW SETTLEMENT COMMUNITY CAMPUS CORP

EIN: 203590089 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$663,517
Total Expenses
$1,219,568
Total Assets
$12,608,930
Net Assets
$12,593,815
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
KRISTEN ANDREAZZA
Phone
2122656530
Tax Period
2023-01-01 to 2023-12-31

NEW SETTLEMENT COMMUNITY CAMPUS CORP, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $664K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 84% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO DEVELOP AND BUILD A STATE OF THE ART COMMUNITY CENTER WITH SWIMMING POOL IN THE MT EDEN SECTION OF THE BRONX, NY. THE LAND AND BUILDING CONTAINING THE FACILITY ARE LEASED FROM NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY AT NO RENT FOR 50 YEARS WITH OPTIONS FOR AN ADDITIONAL 25 YEARS. THE SWIMMING POOL IS LEASED TO A RELATED PARTY AFFILIATE, THE CRENULATED COMPANY, LTD , WHO MANAGES AND OPERATES THE SWIMMING POOL OPERATIONS. THE ORGANIZATION HAS LEASED A PORTION OF THE BUILDING BACK TO THE NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY FOR A PERIOD COINCIDING WITH THE ABOVE LEASE. RENT FOR THE PREMISES IS BASED ON CERTAIN OPERATING COST REIMBURSEMENTS AND IS ADJUSTED ANNUALLY. THE ORGANIZATION PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES, EVENTS AND AFTER-SCHOOL PROGRAMS IN THE COMMUNITY CENTER TO BENEFIT THE SCHOOL AND THE SURROUNDING COMMUNITY. IT HAS ENTERED INTO A LEASE OF ITS FACILITIES TO THE NYC DEPARTMENT OF EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $1,219,568 Revenue: $663,512

THE ORGANIZATION PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES, EVENTS AND AFTER - SCHOOL PROGRAMS IN THE COMMUNITY CENTER TO BENEFIT THE SCHOOL AND THE SURROUNDING COMMUNITY IT...

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THE ORGANIZATION PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES, EVENTS AND AFTER - SCHOOL PROGRAMS IN THE COMMUNITY CENTER TO BENEFIT THE SCHOOL AND THE SURROUNDING COMMUNITY IT HAS ENTERED INTO A LEASE OF ITS FACILITIES TO THE NYC DEPARTMENT OF EDUCATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $663,512
Investment Income $5
Other Revenue $0
TOTAL REVENUE $663,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,219,568
Other Expenses $1,219,568
TOTAL EXPENSES $1,219,568

Year-over-Year Comparison

2023 2022 Change
Revenue $663,517 $691,866 0.0%
Expenses $1,219,568 $1,187,524 +0.0%
Net Income $-556,051 $-495,658 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$742,233
Total Directors
3
$742,233
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA SEWELL PRESIDENT 0.25
Officer Director
$0 $38,386 $328,408
RIGAUD NOEL VICE PRESIDENT 0.25
Officer Director
$0 $1,759 $204,629
JACQUELINE TOM SECRETARY/TREASURER 0.25
Officer Director
$0 $16,579 $209,196
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
2024 No data No data No data No data
2023 $663,517 $1,219,568 $12,608,930 $-556,051
2022 $691,866 $1,187,524 $13,160,366 $-495,658
2021 $945,895 $1,218,497 $13,655,524 $-272,602
2020 $1,156,249 $1,086,850 $13,918,126 $69,399
2019 $687,679 $820,990 $13,857,727 $-133,311
2018 $18,662,710 $1,183,373 $14,040,774 $17,479,337
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