HARLEM COMMONWEALTH COUNCIL INC | HARLEM ENTREPRENEURIAL FUND

NEW YORK, NY | New York County
Economic Development
HARLEM COMMONWEALTH COUNCIL INC | HARLEM ENTREPRENEURIAL FUND
star_outline print more_vert
  • campaignSubmit Feedback
  • mailEmail Nonprofit
    Choose the sections you want to print close
info_outlined
As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

HARLEM COMMONWEALTH COUNCIL INC | HARLEM ENTREPRENEURIAL FUND
13-6271908
361 W 125TH ST
NEW YORK, NY 10027
New York County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
200
Business promotion
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not reported
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$5.3M
Revenue
$5.3M
Assets
$17.3M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
1997-04
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Parent Organization, Non-Church
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of January 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
Depends on various factors
Organization Description info
Generally, a central organization holding a group exemption letter, whose subordinate units covered by the group exemption are also eligible to receive tax-deductible contributions, even though they are not separately listed

Nonprofit Location

Physical Address info
361 W 125TH ST
NEW YORK, NY 10027
New York County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
35614
MSA/MD info
36
State info
061
County info
0209.01
Tract info
Low
Income Level info
Core-Based Statistical Area info
35620 - New York-Newark-Jersey City, NY-NJ-PA
Combined Statistical Area info
408 - New York-Newark, NY-NJ-CT-PA
Metropolitan Division info
35614 - New York-Jersey City-White Plains, NY-NJ
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 92.71%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0209.01 New York County
Population
Total Population 3,665 1,669,127
Total Households 1,368 767,213
Income
Median Family Income (Census*) $41,000 $93,956
Median Family Income (2022 FFIEC est.) $99,000 N/A
Tract Income Percentage 47.96% N/A
Below Poverty Level 32.8% 15.6%
Unemployment Level 8.1% 6.6%
Housing
Total Housing Units 1,506 907,018
Total Owner-Occupied Units 5.1% 24.7%
Total Renter-Occupied Units 85.7% 75.3%
Total Vacant Units 9.2% 8.9%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

8
Total Voting Members
in Governing Body info
7
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Kelvin Collins
Principal Officer info
Kelvin Collins
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.