Neighborhood Transformation Center Inc

EIN: 811943364 501(c)(3) Human Services

Elmira, NY

Total Revenue
$197,973
Total Expenses
$146,356
Total Assets
$66,568
Net Assets
$61,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
Mike Schooley
Tax Period
2021-01-01 to 2021-12-31

Neighborhood Transformation Center Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $198K in total revenue in fiscal year 2021. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 26% operating margin.

Mission

Mission:To see whole life transformation by meetings peoples physical, emotional, and spiritual needs.The Neighborhood Transformation Center will implement programs that will meet individual needs and help build positive and healthy relationships.

Program Service Accomplishments

Program 1
Expenses: $41,934

After School Program: In 2021 served 65 different kids thoughout the year. The program is offered Monday through Friday. We provide a safe environment for learning, socializing and play. The program...

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After School Program: In 2021 served 65 different kids thoughout the year. The program is offered Monday through Friday. We provide a safe environment for learning, socializing and play. The program is offered for two hours a day. Children are provided with help for their homework, the ability to learn new skills, play with friends and go on supervised field trips to different locations.

Program 2
Expenses: $34,354

Family Resource Center - The Parenting Classes had 48 different parents graduate from the program from the 6 different parenting classes throughout the year. The classes teach parents many skills to...

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Family Resource Center - The Parenting Classes had 48 different parents graduate from the program from the 6 different parenting classes throughout the year. The classes teach parents many skills to help them provide a better and more stable home for their children. The parenting classes strive to help transform our families by strengthening their parenting skills. By do so, we are strengthening the families in our neighborhood. We want to expand our program to other locations and neighborhoods so ever more families have access to the parenting classes. The resource center also offered Covid 19 education and supplies to needy families and began a community garden.

Program 3
Expenses: $17,511

In 2021 we have estimated that over 4160 meals were provided directly to the local community members . Meals are served twice a week, 52 weeks a year. The community dinners are provided to ensure...

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In 2021 we have estimated that over 4160 meals were provided directly to the local community members . Meals are served twice a week, 52 weeks a year. The community dinners are provided to ensure that the community has access to a healthy meal twice a week. We do not require diners to sign in or out to receive a meal so our estimate is based on the number of plates served. We also use this time to have other available community service representatives available to speak with the individuals and families and explain other services that may be available to help those who are struggling.

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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 (2021)

Revenue Breakdown

Contributions & Grants $181,066
Program Service Revenue $0
Investment Income $0
Other Revenue $16,907
TOTAL REVENUE $197,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,950
Fundraising Expenses $9,320
Program Expenses $93,799
Other Expenses $72,406
TOTAL EXPENSES $146,356

Year-over-Year Comparison

2021 2020 Change
Revenue $197,973 $121,318 +0.6%
Expenses $146,356 N/A N/A
Net Income $51,617 $121,318 -0.6%
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
5
Independent Members
5
Employees
7
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
1
$41,847
Key Employees
1
$41,847
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy M Cranmer Director 40.00
Director Key Emp
$41,847 $0 $41,847
Cynthia Manning Secretary 3.00
Officer
$0 $0 $0
Mike Schooley President 3.00
Officer
$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
2021 $197,973 $146,356 $66,568 $51,617
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