RESIDENCY UNLIMITED INC

EIN: 270353666 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$914,459
Total Expenses
$799,881
Total Assets
$1,004,144
Net Assets
$987,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
NATHALIE ANGLES
Phone
9174782694
Tax Period
2023-01-01 to 2023-12-31

RESIDENCY UNLIMITED INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $914K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $800K left a modest 13% surplus.

Mission

TO PROVIDE CUSTOMIZED SUPPORT TO ARTISTS AND CURATORS IN RESIDENCE AND WORKING COLLABORATIVELY WITH LOCAL ORGANIZATIONS TO CREATE SUCCESSFUL RESIDENCY ENVIRONMENTS.

Program Service Accomplishments

Program 1
Expenses: $664,171 Revenue: $12,560

IN 2023, RU HOSTED RESIDENCIES FOR 59 ARTISTS (41 INTERNATIONAL + 18 NY/US-BASED) AND 10 CURATORS FROM 32 COUNTRIES INCLUDING ALBANIA, AUSTRIA GERMANY, BELGIUM, BOSNIA AND HERZEGOVINA, BULGARIA...

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IN 2023, RU HOSTED RESIDENCIES FOR 59 ARTISTS (41 INTERNATIONAL + 18 NY/US-BASED) AND 10 CURATORS FROM 32 COUNTRIES INCLUDING ALBANIA, AUSTRIA GERMANY, BELGIUM, BOSNIA AND HERZEGOVINA, BULGARIA, CHINA, CROATIA, CUBA, CZECH REPUBLIC, FRANCE, FINLAND, GERMANY, HUNGARY, ISRAEL, ITALY, JAPAN, KOSOVO, LITHUANIA, NICARAGUA, NORTH MACEDONIA, MONTENEGRO, PORTUGAL, SLOVENIA, SLOVAKIA, SERBIA, SPAIN, SWITZERLAND, TAIWAN, TURKEY, UNITED KINGDOM, AND THE UNITED STATES.SUPPORTING LOCAL ARTISTS FROM UNDERSERVED COMMUNITIES ACROSS THE FIVE BOROUGHS IS ALSO A PRIORITY FOR RU. IN 2023, 4 LOCAL ARTISTS WERE SELECTED THROUGH OPEN CALL AND A JURY FOR THE 2023 NYC ARTIST RESIDENCY PROGRAM AND 4 LOCAL ARTISTS WERE SELECTED FOR THE 2023 VOICES OF MULTIPLICITY (VOM) II PROGRAM. THE NYC ARTISTS HAD A CULMINATING EXHIBITION AT PS122 GALLERY AND THE VOM ARTISTS HAD WORKSHOPS WITH THE ARTMOBILE VAN IN COLLABORATION WITH THE BROOKLYN PUBLIC LIBRARY AND A CULMINATING EXHIBITION AT RU/KODA HOUSE ON GOVERNORS ISLAND.IN 2023 RU ORGANIZED 600 STUDIO VISITS/MEETINGS FOR CRITICAL FEEDBACK BETWEEN RESIDENT ARTISTS AND THE BROADER ARTS PROFESSIONAL COMMUNITY IN NYC. THIS IS A REMUNERATED SERVICE. WE HIRED 4 GUEST CURATORS TO ASSIST THE RU TEAM AND PROVIDE AN ADDED LEVEL OF CUSTOMIZED SUPPORT FOR STUDIO VISITS AND PROGRAMMING.IN 2023 WE ORGANIZED 59 PUBLIC PROGRAMS (23 EXHIBITIONS, 21 TALKS/PRESENTATIONS, 7 PERFORMANCES, 8 WORKSHOPS) AT OUR HEADQUARTERS IN CARROLL GARDENS AND RU/KODA HOUSE AT GOVERNORS ISLAND, AND PARTNERING VENUES INCLUDING PS122 GALLERY, SAPAR CONTEMPORARY GALLERY IN TRIBECA, TROTTER & SHOLER GALLERY IN LES, KI SMITH GALLERY AND CHASHAMA MIDTOWN.IN 2023 RU WAS PROUD TO CONTINUE INVOLVEMENT WITH THE COMMUNITY MURAL PROJECT LED BY THE ARTS DEPARTMENT AT NYC HEALTH + HOSPITALS. RU MANAGED THE OPEN CALL TO SELECT 10 LOCAL ARTISTS OUT OF 145 APPLICATIONS WHO WERE COMMISSIONED TO CREATE 10 MURALS FOR HOSPITALS THROUGHOUT THE FIVE BOROUGHS. RU COMMUNITY BUILDING ACTIVITIES FOR THE RESIDENTS INCLUDE 24 FIELD TRIPS AND 12 WELCOME GATHERINGS IN 2023. THEY VISITED THE CENTER FOR THE HUMANITIES, JAMES GALLERY, INTERNATIONAL CENTER FOR PHOTOGRAPHY, SWISS INSTITUTE, ANOTHER SPACE, WESTBETH STUDIOS, THE CLEMENTE, ELIZABETH FOUNDATION FOR THE ARTS, A.I.R. GALLERY IN DUMBO, THE MUSEUM OF MOVING IMAGE, BRONX MUSEUM, DIEU DONN, WAVEHILL, DIA BEACON, FAURSCHOU MUSEUM, STORM KING, QUEENS MUSEUM, 601 ARTSPACE, SMACK MELLON, AMERICAS SOCIETY, APEXART, MISHKIN GALLERY AT BARUCH COLLEGE, POSTERHOUSE, THE ART STUDENTS LEAGUE OF NEW YORK AND THE SHED.

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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 $898,897
Program Service Revenue $4,593
Investment Income $3,002
Other Revenue $7,967
TOTAL REVENUE $914,459

Expense Breakdown

Grants Paid $130,750
Salaries & Benefits $166,193
Fundraising Expenses $31,748
Program Expenses $664,171
Other Expenses $502,938
TOTAL EXPENSES $799,881

Year-over-Year Comparison

2023 2022 Change
Revenue $914,459 $530,945 +0.7%
Expenses $799,881 $525,293 +0.5%
Net Income $114,578 $5,652 +19.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
10
Independent Members
9
Employees
3
Volunteers
16

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
4
$65,000
Total Directors
10
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA AUCHINCLOSS CHAIR 1.00
Officer Director
$0 $0 $0
SERGE MARQUIE TREASURER 1.00
Officer Director
$0 $0 $0
SHARON PHAIR FORTENBAUGH SECRETARY 1.00
Officer Director
$0 $0 $0
NATHALIE ANGLES EXECUTIVE DIRECTOR 40.00
Officer Director
$65,000 $0 $65,000
ABSHISHEK BASU BOARD MEMBER 1.00
Director
$0 $0 $0
ONYEDIKA CHUKE BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE LANG BOARD MEMBER 1.00
Director
$0 $0 $0
LARISA LEVENTON BOARD MEMBER 1.00
Director
$0 $0 $0
VICTOIRE NEWMAN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS ROM 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
2024 No data No data No data No data
2023 $914,459 $799,881 $1,004,144 $114,578
2022 $530,945 $525,293 $835,284 $5,652
2021 $511,869 $518,254 $853,651 $-6,385
2020 $615,134 $357,787 $874,108 $257,347
2019 $645,425 $588,698 $588,014 $56,727
2018 $701,044 $625,184 $516,681 $75,860
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