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Island City Development

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$2.33M (2023)

Expenses
$348k (2023)

Total Assets
$12M (2023)

Total Liabilities
$8.37M (2023)

Source: Form 990 tax filings from 2014 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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,334,055
Expenses
$348,384
Net Income
$1,985,671
Net Assets
$3,604,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,352
1.8%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,287,350
98.0%
Net Inventory Sales $0
Other Revenue $5,352
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,972,088
Total Liabilities $8,367,449
Net Assets $3,604,639
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $341,829 $78,064
Gregory Kats (Secretary/Treasurer) $0 $207,772 $41,267
Carly Grob (Vice President) $0 $500 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,974,565
Expenses
$233,242
Net Income
$1,741,323
Net Assets
$1,618,968
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,969,828
99.8%
Investment Income $5,060
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$323
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,569,908
Total Liabilities $7,950,940
Net Assets $1,618,968
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $325,865 $41,213
Janet Basta (Secretary/Treasurer) $0 $212,928 $24,459
Carly Grob (Vice President) $0 $400 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,604,339
Expenses
$203,395
Net Income
$1,400,944
Net Assets
-$122,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,595,557
99.5%
Investment Income $8,877
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$95
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,047,451
Total Liabilities $8,169,806
Net Assets -$122,355
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $296,960 $33,876
Janet Basta (Secretary/Treasurer) $0 $205,716 $23,983
Carly Grob (Vice President) $0 $700 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,291,954
Expenses
$150,019
Net Income
$1,141,935
Net Assets
-$1,523,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,286,118
99.5%
Investment Income $5,898
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$62
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,671,300
Total Liabilities $5,194,600
Net Assets -$1,523,300
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $286,820 $63,609
Janet Basta (Secretary/Treasurer) $0 $195,365 $40,955
Carly Grob (Vice President) $0 $0 $0
Brad Weinberg (Former Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$294,539
Expenses
$156,542
Net Income
$137,997
Net Assets
$1,194,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $250,000
84.9%
Program Services $44,499
15.1%
Investment Income $40
0.0%
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 $0
Assets/Debt
Total Assets $4,082,979
Total Liabilities $2,888,116
Net Assets $1,194,863
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $266,292 $49,868
Janet Basta (Secretary/Treasurer) $0 $179,580 $31,009
Brad Weinberg (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$837,374
Expenses
$159,070
Net Income
$678,304
Net Assets
$1,056,866
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $837,333
100.0%
Investment Income $41
0.0%
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 $8
0.0%
Assets/Debt
Total Assets $2,822,100
Total Liabilities $1,765,234
Net Assets $1,056,866
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $244,441 $38,472
Janet Basta (Secretary/Treasurer) $0 $156,608 $14,436
John Mccahan (Vice President) $0 $600 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$761,698
Expenses
$137,915
Net Income
$623,783
Net Assets
$378,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $761,400
100.0%
Investment Income $298
0.0%
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 $2,847
2.1%
Assets/Debt
Total Assets $2,049,542
Total Liabilities $1,670,980
Net Assets $378,562
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $235,748 $0
Janet Basta (Secretary/Treasurer) $0 $147,397 $0
John Mccahan (Vice President) $0 $600 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,193
Expenses
$112,704
Net Income
-$111,511
Net Assets
-$245,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,193
100%
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 $0
Assets/Debt
Total Assets $2,796,654
Total Liabilities $3,041,875
Net Assets -$245,221
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Cooper (President) $0 $220,200 $0
Janet Basta (Treasurer, Secretary) $0 $134,214 $0
John Mc Cahan (Vice President) $0 $400 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$336
Expenses
$123,966
Net Income
-$123,630
Net Assets
-$133,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $336
100%
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 $0
Assets/Debt
Total Assets $1,586,341
Total Liabilities $1,720,051
Net Assets -$133,710

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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