RAVINE AVENUE PROPERTIES INC Charity Report

Tax-exempt status may be revoked

RAVINE AVENUE PROPERTIES INC

EIN 13-4110152 · Housing Development, Construction, Management

What they do

GREYSTON CREATES THRIVING COMMUNITIES THROUGH THE PRACTICE and PROMOTION of OPEN HIRING. GREYSTON is AN ENTREPRENEURIAL and SPIRITUALLY GROUNDED ORGANIZATIONS THAT OPERATES AN INTEGRATED NETWORK PROVIDING JOBS, WORKFORCE DEVELOPMENT, HOUSING, CHILDCARE and COMMUNITY GARDENS SERVING THE LOW INCOME COMMUNITY IN YONKERS, NEW YORK.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

25.68%of revenue went to mission work99.8% of expenses · Program services

$25.73spent for every $100 of revenueRevenue covered expenses this year.

0.05%of revenue went to management and office costs0.2% of expenses

$0.04in assets for every $1 spent this yearSome assets cannot be spent right away.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $21,576 for ANDY ROSENGARDEN (TREASURER). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,023,172

Mission workProgram services$519,62625.68% of revenue99.8% of expenses

ManagementOffice and general costs$1,0000.05% of revenue0.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,502,54674.27% of revenueShown in gray on the chart

Total expenses$520,62625.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2017CurrentExpense mix: 99.8% mission · 0.2% management · 0.0% fundraisingTotal expenses: 25.73% of revenue

2016Expense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 115.95% of revenue

Money in and money out

Revenue$2,023,172

Expenses$520,626

Annual surplus $1,502,546 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$519,626 · 99.8% of expenses

Management and office costs$1,000 · 0.2% of expenses

See all reported dollar amounts

Revenue$2,023,172

Expenses$520,626

Assets$20,972

Income$3,810,271

Mission work (program services)$519,626

Management and general$1,000

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANDY ROSENGARDENTREASURER · 1 hrs/week $21,576Base · Other $21,576

PATRICK JAMESSECRETARY · 2 hrs/week $21,552Base · Other $21,552

MIKE BRADYPRESIDENT · 1 hrs/week $12,101Base · Other $12,101

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

ANDY ROSENGARDENTREASURER

PATRICK JAMESSECRETARY

MIKE BRADYPRESIDENT

DEBORAH STEWARTCHAIR

JOSEPH ARMENTANOVICE-PRESIDENT

About this charity

Location: 21 PARK AVENUE, YONKERS, NY 10703
County: Westchester
In care of: MICHAEL BRADY
Primary officer: MICHAEL BRADY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@greyston.org Phone(914) 376-3900

Filing and classification

Latest tax year: 2017
Tax period began: January 1, 2017
Return type: 990
Tax preparer: PKF OCONNOR DAVIES LLP
IRS tax category: Housing Development, Construction, Management
Revocation date: May 15, 2021