Indian Diamond & Colorstone Assoc Inc

New York, NY
Tax-exempt since July 1985
EIN: 13-3211019

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$668k (2023)

Expenses

$646k (2023)

Total Assets

$465k (2023)

Total Liabilities

$64.1k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$668,029

Expenses

$646,253

Net Income

$21,776

Net Assets

$401,120

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$655,080	98.1%
Investment Income	$12,949	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$60,000	9.3%

Assets/Debt
Total Assets	$465,240
Total Liabilities	$64,120
Net Assets	$401,120

Compensation

Key Employees and Officers	Compensation	Related	Other
Shailesh Jhalani (Director)	$0	$0	$0
Nimish Mehta (Director)	$0	$0	$0
Kailash Rawat (Director)	$0	$0	$0
Akshat Sanghavi (Director)	$0	$0	$0
Anshal Shah (Director)	$0	$0	$0
Kunal Shah (Director)	$0	$0	$0
Vishal Shah (Director)	$0	$0	$0
Jihan Vaghashiya (Director)	$0	$0	$0
Haridas Kotahwala (President)	$0	$0	$0
Aniket Parikh (Vice President)	$0	$0	$0
Manoj Bhandari (Secretary)	$0	$0	$0
Navneet Chordia (Treasurer)	$0	$0	$0
Vibhor Saraf (Joint Secretary)	$0	$0	$0

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990

Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$428,648

Expenses

$436,536

Net Income

-$7,888

Net Assets

$378,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$427,680	99.8%
Investment Income	$968	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$45,500	10.4%

Assets/Debt
Total Assets	$431,826
Total Liabilities	$53,567
Net Assets	$378,259

Compensation

Key Employees and Officers	Compensation	Related	Other
Navneet Chordia (Director)	$0	$0	$0
Haridas Kotahwala (Director)	$0	$0	$0
Nimish Mehta (Director)	$0	$0	$0
Aniket Parikh (Director)	$0	$0	$0
Kailash Rawat (Director)	$0	$0	$0
Akshat Sanghavi (Director)	$0	$0	$0
Anshal Shah (Director)	$0	$0	$0
Jihan Vaghashiya (Director)	$0	$0	$0
Shailesh Jhalani (President)	$0	$0	$0
Vinit Jobanputra (Vice President)	$0	$0	$0
Manoj Bhandari (Secretary)	$0	$0	$0
Rutali Gandhi (Treasurer)	$0	$0	$0
Vibhor Saraf (Joint Secretary)	$0	$0	$0

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990

Filed on June 27, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$198,332

Expenses

$183,785

Net Income

$14,547

Net Assets

$385,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$196,300	99.0%
Investment Income	$2,032	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$47,250	25.7%

Assets/Debt
Total Assets	$418,957
Total Liabilities	$33,028
Net Assets	$385,929

Compensation

Key Employees and Officers	Compensation	Related	Other
Manoj Bhandari (Director)	$0	$0	$0
Navneet Chordia (Director)	$0	$0	$0
Vinit Jobanputra (Director)	$0	$0	$0
Nimish Mehta (Director)	$0	$0	$0
Kailash Rawat (Director)	$0	$0	$0
Vibhor Saraf (Director)	$0	$0	$0
Anshal Shah (Director)	$0	$0	$0
Vipul Shah (Director)	$0	$0	$0
Rajeev Pandya (President)	$0	$0	$0
Shailesh Jhalani (Vice President)	$0	$0	$0
Rutali Gandhi (Secretary)	$0	$0	$0
Sailesh Lakhi (Treasurer)	$0	$0	$0
Aniket Parikh (Joint Secretary)	$0	$0	$0

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990

Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$147,229

Expenses

$131,678

Net Income

$15,551

Net Assets

$371,382

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$142,540	96.8%
Investment Income	$4,689	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$45,500	34.6%

Assets/Debt
Total Assets	$392,676
Total Liabilities	$21,294
Net Assets	$371,382

Compensation

Key Employees and Officers	Compensation	Related	Other
Navneet Chordia (Director)	$0	$0	$0
Sujan Doshi (Director)	$0	$0	$0
Sailesh Lakhi (Director)	$0	$0	$0
Aniket Parikh (Director)	$0	$0	$0
Kailash Rawat (Director)	$0	$0	$0
Vibhor Saraf (Director)	$0	$0	$0
Anshal Shah (Director)	$0	$0	$0
Vipul Shah (Director)	$0	$0	$0
Haridas Kotahwala (President)	$0	$0	$0
Rajeev Pandya (Vice President)	$0	$0	$0
Rutali Gandhi (Secretary)	$0	$0	$0
Amit Jhalani (Treasurer)	$0	$0	$0
Parag Jain (Joint Secretary)	$0	$0	$0

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990

Filed on June 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$186,018

Expenses

$172,685

Net Income

$13,333

Net Assets

$355,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$179,250	96.4%
Investment Income	$6,638	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$130	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$45,500	26.3%

Assets/Debt
Total Assets	$395,975
Total Liabilities	$40,144
Net Assets	$355,831

Compensation

Key Employees and Officers	Compensation	Related	Other
Shrenil Bhansali (Director)	$0	$0	$0
Amit Jhalani (Director)	$0	$0	$0
Rutali Gandhi (Director)	$0	$0	$0
Nilesh Sheth (Director)	$0	$0	$0
Sailesh Lakhi (Director)	$0	$0	$0
Prakash Mehta (Director)	$0	$0	$0
Prashant Mehta (Director)	$0	$0	$0
Parag Jain (Director)	$0	$0	$0
Haridas Kotahwala (President)	$0	$0	$0
Nitin Jobanputra (Vice President)	$0	$0	$0
Shekhar Shah (Secretary)	$0	$0	$0
Sujan Doshi (Treasurer)	$0	$0	$0
Shiksha Naheta (Joint Secretary)	$0	$0	$0

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990

Filed on May 11, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$213,197

Expenses

$194,356

Net Income

$18,841

Net Assets

$342,498

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$209,380	98.2%
Investment Income	$3,817	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$45,500	23.4%

Assets/Debt
Total Assets	$374,092
Total Liabilities	$31,594
Net Assets	$342,498

Compensation

Key Employees and Officers	Compensation	Related	Other
Shrenil Bhansali (Director)	$0	$0	$0
Shailesh Jhalani (Director)	$0	$0	$0
Nitin Jobanputra (Director)	$0	$0	$0
Haridas Kotahwala (Director)	$0	$0	$0
Sailesh Lakhi (Director)	$0	$0	$0
Prakash Mehta (Director)	$0	$0	$0
Prashant Mehta (Director)	$0	$0	$0
Mehul Shah (Director)	$0	$0	$0
Nilesh Sheth (President)	$0	$0	$0
Sujan Doshi (Vice President)	$0	$0	$0
Shekhar Shah (Secretary)	$0	$0	$0
Rajeev Pandya (Treasurer)	$0	$0	$0
Shiksha Naheta (Joint Secretary)	$0	$0	$0

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990

Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$387,325

Expenses

$348,293

Net Income

$39,032

Net Assets

$323,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$384,800	99.3%
Investment Income	$2,525	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$45,500	13.1%

Assets/Debt
Total Assets	$350,901
Total Liabilities	$27,244
Net Assets	$323,657

Compensation

Key Employees and Officers	Compensation	Related	Other
Sujan Doshi (Director)	$0	$0	$0
Roopam Jain (Director)	$0	$0	$0
Haridas Kotahwala (Director)	$0	$0	$0
Jay Mehta (Director)	$0	$0	$0
Prakash Mehta (Director)	$0	$0	$0
Shiksha Naheta (Director)	$0	$0	$0
Prateek Nigam (Director)	$0	$0	$0
Mehul Shah (Director)	$0	$0	$0
Nilesh Sheth (President)	$0	$0	$0
Shailesh Jhalani (Vice President)	$0	$0	$0
Shrenil Bhansali (Secretary)	$0	$0	$0
Rajeev Pandya (Treasurer)	$0	$0	$0
Shekhar Shah (Joint Secretary)	$0	$0	$0

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990

Filed on Oct. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$488,001

Expenses

$506,683

Net Income

-$18,682

Net Assets

$284,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$485,583	99.5%
Investment Income	$2,418	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,250	9.1%

Assets/Debt
Total Assets	$305,419
Total Liabilities	$20,794
Net Assets	$284,625

Compensation

Key Employees and Officers	Compensation	Related	Other
Shrenil Bhansali (Director)	$0	$0	$0
Roopam Jain (Director)	$0	$0	$0
Shailesh Jhalani (Director)	$0	$0	$0
Jay Mehta (Director)	$0	$0	$0
Nirav Mehta (Director)	$0	$0	$0
Mehul Shah (Director)	$0	$0	$0
Shekhar Shah (Director)	$0	$0	$0
Nilesh Sheth (Director)	$0	$0	$0
Ashok Sancheti (President)	$0	$0	$0
Rakesh Barmecha (Vice President)	$0	$0	$0
Prateek Nigam (Secretary)	$0	$0	$0
Rajeev Pandya (Treasurer)	$0	$0	$0
Neeraj Rawat (Joint Secretary)	$0	$0	$0

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990

Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$436,792

Expenses

$447,887

Net Income

-$11,095

Net Assets

$303,307

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$434,392	99.5%
Investment Income	$2,400	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,000	9.8%

Assets/Debt
Total Assets	$339,357
Total Liabilities	$36,050
Net Assets	$303,307

Compensation

Key Employees and Officers	Compensation	Related	Other
Shailesh Jhalani (Director)	$0	$0	$0
Alok Mehta (Director)	$0	$0	$0
Atit Mehta (Director)	$0	$0	$0
Rajeev Pandya (Director)	$0	$0	$0
Neeraj Rawat (Director)	$0	$0	$0
Neil Savalia (Director)	$0	$0	$0
Mehul Shah (Director)	$0	$0	$0
Rayaz Takat (Director)	$0	$0	$0
Nilesh Sheth (Director)	$0	$0	$0
Ashok Sancheti (President)	$0	$0	$0
Rakesh Barmecha (Vice President)	$0	$0	$0
Jay Mehta (Secretary)	$0	$0	$0
Nirav Doshi (Treasurer)	$0	$0	$0
Prateek Nigam (Joint Secretary)	$0	$0	$0

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990

Filed on May 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$387,363

Expenses

$421,841

Net Income

-$34,478

Net Assets

$314,403

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$384,802	99.3%
Investment Income	$2,561	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,000	10.4%

Assets/Debt
Total Assets	$338,236
Total Liabilities	$23,833
Net Assets	$314,403

Compensation

Key Employees and Officers	Compensation	Related	Other
Rakesh Barmecha (Director)	$0	$0	$0
Nirav Doshi (Director)	$0	$0	$0
Alok Mehta (Director)	$0	$0	$0
Atit Mehta (Director)	$0	$0	$0
Jay Mehta (Director)	$0	$0	$0
Prateek Nigam (Director)	$0	$0	$0
Neeraj Rawat (Director)	$0	$0	$0
Neil Savalia (Director)	$0	$0	$0
Mehul Shah (Director)	$0	$0	$0
Prakash Mehta (President)	$0	$0	$0
Ashok Sancheti (Vice President)	$0	$0	$0
Nilesh Sheth (Secretary)	$0	$0	$0
Sourabh Lashkery (Treasurer)	$0	$0	$0
Rayaz Takat (Joint Secretary)	$0	$0	$0

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990

Filed on May 15, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$437,981

Expenses

$411,571

Net Income

$26,410

Net Assets

$348,881

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$435,857	99.5%
Investment Income	$2,124	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,000	10.7%

Assets/Debt
Total Assets	$384,601
Total Liabilities	$35,720
Net Assets	$348,881

Compensation

Key Employees and Officers	Compensation	Related	Other
Sushil Goyal (Director)	$0	$0	$0
Anu Hirawat (Director)	$0	$0	$0
Kailash Jhalani (Director)	$0	$0	$0
Nitin Jobanputra (Director)	$0	$0	$0
Sourabh Lashkery (Director)	$0	$0	$0
Alok Mehta (Director)	$0	$0	$0
Atit Mehta (Director)	$0	$0	$0
Jay Mehta (Director)	$0	$0	$0
Nilesh Sheth (Director)	$0	$0	$0
Mehul Shah (President)	$0	$0	$0
Haridas Kotahwala (Vice President)	$0	$0	$0
Prakash Mehta (Secretary)	$0	$0	$0
Shekhar Bhansali (Treasurer)	$0	$0	$0
Rayaz Takat (Joint Secretary)	$0	$0	$0

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990

Filed on May 3, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$411,986

Expenses

$360,506

Net Income

$51,480

Net Assets

$322,471

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$411,400	99.9%
Investment Income	$586	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$47,877	13.3%

Assets/Debt
Total Assets	$361,664
Total Liabilities	$39,193
Net Assets	$322,471

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$408,010

Expenses

$401,105

Net Income

$6,905

Net Assets

$270,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$406,801	99.7%
Investment Income	$1,209	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,000	11.0%

Assets/Debt
Total Assets	$309,416
Total Liabilities	$38,425
Net Assets	$270,991

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Indian Diamond & Colorstone Assoc Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $668k (2023)

Expenses $646k (2023)

Total Assets $465k (2023)

Total Liabilities $64.1k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Revenue

$668k (2023)

Expenses

$646k (2023)

Total Assets

$465k (2023)

Total Liabilities

$64.1k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004