NATURALLY OCCURRING CULTURAL DISTRICTS NY INC

EIN: 811139923 501(c)(3) Human Services

Brooklyn, NY

Total Revenue
$284,922
Total Expenses
$273,806
Total Assets
$274,240
Net Assets
$268,486
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
Caron Atlas
Phone
3475126612
Tax Period
2023-01-01 to 2023-12-31

NATURALLY OCCURRING CULTURAL DISTRICTS NY INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $285K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $274K left a modest 4% surplus.

Mission

NOCD-NY is a citywide alliance of cultural networks and community leaders that have joined together to revitalize New York City from the neighborhood up. NOCD-NY came together in 2010 in response to the vision, sustained needs, and creative resilience of our diverse communities. We facilitate peer learning, increase the visibility of community-based work, and provide services in support of it. NOCD-NY's work is grounded in values including equity, diversity, inclusion, and recognition of the integral role of arts and culture in communities. These shared values enable us to speak with a unified voice and are the glue that holds our alliance together over time.

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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 $273,093
Program Service Revenue $6,548
Investment Income $5,281
Other Revenue $0
TOTAL REVENUE $284,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,821
Fundraising Expenses $11,741
Program Expenses $240,142
Other Expenses $148,985
TOTAL EXPENSES $273,806

Year-over-Year Comparison

2023 2022 Change
Revenue $284,922 $363,508 -0.2%
Expenses $273,806 $260,545 +0.1%
Net Income $11,116 $102,963 -0.9%
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
7
Independent Members
7
Employees
3
Volunteers
30

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
2
$0
Total Directors
7
$104,662
Key Employees
1
$102,836
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Caron Atlas Member 20
Director Key Emp
$51,418 $51,418 $102,836
Hatuey Ramos Fermin Member 2.5
Director
$913 $913 $1,826
Tamara Greenfield Chair 1
Officer Director
$0 $0 $0
Risa Shoup Treasurer & Secretary 1
Officer Director
$0 $0 $0
Claudie Mabry Member 1
Director
$0 $0 $0
Ana Chireno Member 1
Director
$0 $0 $0
Sarita Daftary-Steel Member 1
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
2023 $284,922 $273,806 $274,240 $11,116
2022 $363,508 $260,545 $249,888 $102,963
2021 $180,518 $163,900 $181,756 $16,618
2020 $173,166 $145,316 $189,344 $27,850
2019 $143,003 $158,382 $98,584 $-15,379
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