2025-05-15T13:32:21-07:00 2024-06-30 261726741 WatsonRice LLP 31 West 34th Street 7006 New York NY 10001 990 2023-07-01 136271908 Harlem Commonwealth Council Inc HARL 2127490900 361 West 125th Street New York NY 10027 Sharon E Joseph President & CEO 2025-05-15 true true Baruti Bediako CPA P00740658 2124477300 2023 2025-03-06 01:10:19Z Sharon E Joseph 361 West 125th Street New York NY 10027 6742627 false 8065 X www.harlemcommonwealth.org X 1967 NY Stimulate overall economic development through creation of enterprises, generation of jobs and improvement of services. Mission accomplished through community development projects, education, training, entrepreneurial loan program, and other support. 9 8 94 10 0 2114317 4009237 2304775 2354518 60662 79024 109590 299848 4589344 6742627 0 0 2207915 2339581 0 0 1851293 2380460 4059208 4720041 530136 2022586 23796742 27433787 3945268 5261399 19851474 22172388 Stimulate overall economic development through creation of enterprises, generation of jobs and improvement of services. Mission accomplished through community development projects, education, training, entrepreneurial loan program, and other support. false false 1459518 Entrepreneurship, EDUCATIONAL AND TRAINING PROGRAMS - IN SUPPORT OF THE DIRECT ECONOMIC DEVELOPMENT INITIATIVES,THE ORGANIZATION CONDUCTS PROGRAMS that deliver technical assistance to entrepreneurs, PROVIDES TRAINING in ADULT LITERACY, OFFICE AND COMPUTER SKILLS, MENTORING TO YOUNG ADULTS IN THE CRIMINAL Justice System and After School programming. 1459518 true true false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 30 0 true 94 true false false false false false false false 0 false false false false false false false X 9 8 false false false false false false false true false false true true true true true true true true true true false NY X Ayesha Codrington 2127490900 361 West 125th Street New York NY 10027 Joseph Tait Secretary/COO 30.00 10.00 X X 320000 105000 0 E Hamil Douglas President 30.00 10.00 X 37242 211043 0 Suzanne Hurley Vice President 30.00 10.00 145776 16198 0 Ayesha Codrington Dir. of Finance 30.00 10.00 62112 75914 0 Terri-Ann Smith Senior Lending Dir 40.00 0.00 133182 0 0 Ericka Powell-Sinclair Sr. Compliance Dir 40.00 0.00 130451 0 0 Christian Damiba Program Director 40.00 0.00 111900 0 0 Sharon E Joseph Board Chair 2.00 2.00 X X 0 0 0 Zevilla Jackson-Preston Vice Chair 2.00 2.00 X X 0 0 0 Michael Johnson Board Director 2.00 2.00 X 0 0 0 Curtis Archer Board Director 2.00 2.00 X 0 0 0 Ashli Gibbs Board Director 2.00 2.00 X 0 0 0 Erik Chiette Board Director 2.00 2.00 X 0 0 0 Lewiston Murray Board Director 2.00 2.00 X 0 0 0 Nathaniel Montgomery Board Director 2.00 2.00 X 0 0 0 940663 408155 5 false true false Ernest Improvement PO Box 622511 Bronx NY 10462 Construction/Renovation 510465 WatsonRice LLP 31 West 34th Street Suite 7006 New York NY 10001 Audit and tax services 105268 Kelvin Bowers 3550 Bivona St Suite 5F Bronx NY 10475 Cleaning Services 104505 3 1500000 2001009 508228 4009237 Entrepreneur Loan Fund 525990 125944 125944 Intercompany Rent Income 531120 1729255 1729255 Mort. Int. - Subordinate 900099 99051 99051 Rental Income - Econ. Dev 531120 400268 400268 2354518 79024 79024 0 0 0 0 0 0 0 Intercompany Reimbursement 900099 75000 75000 Other Income 900099 224848 224848 299848 6742627 2654366 79024 X 0 0 0 0 385451 385451 0 1283141 920063 363078 30463 4018 26445 191859 72066 119793 448667 88398 360269 0 282490 282490 145659 3210 142449 0 0 0 701086 130172 570914 19995 19995 173085 64531 108554 80491 16408 64083 0 142142 46212 95930 40567 18543 22024 0 57045 9000 48045 50075 50075 0 159086 159086 73077 73077 Bad Debt 260891 260891 Repairs and Maintenance 107874 107874 Indirect cost 86897 86897 0 4720041 1459518 3260523 0 5914751 5999896 225449 593139 529144 1297723 2057736 2496131 0 0 0 0 59936 42172 14108251 7683873 6245323 6424378 2841195 4703433 0 5769156 5536351 0 154052 340564 23796742 27433787 805913 581654 9630 2830 1423694 2299481 1706031 2377434 3945268 5261399 X 19851474 22172388 19851474 22172388 23796742 27433787 2022586 298328 X false true X true false X 3053208 2422290 2539030 2114317 4009236 14138081 2143020 1781678 1833385 2304775 2354518 10417376 0 0 0 5196228 4203968 4372415 4419092 6363754 24555457 0 1159868 1349994 1358508 1836402 1754737 7459509 1159868 1349994 1358508 1836402 1754737 7459509 17095948 40874 40509 48176 60662 79024 269245 0 40874 40509 48176 60662 79024 269245 0 22194 381449 26249 109590 299848 839330 5259296 4625926 4446840 4589344 6742626 25664032 0.66610 0.69080 0.01050 0.00960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1860351 1860351 11835961 7295237 4540724 411939 388636 23303 6424378 5536351 DUE TO AFFILIATE 1769310 Due to Lessee 36155 Lease Liability 120606 Refundable Advance 451363 2377434 X Part X : FIN48 Footnote HCCI and CLDC are nonprofit entities exempt from income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code. HCCI and CLDC have adopted the provisions of FASB ASC 740-10-25, which requires that a tax position be recognized or derecognized based on a more likely than not threshold. This applies to positions taken or expected to be taken in a tax return. HCCI and CLDC do not believe its financial statements include any uncertain tax positions. X X X X X false false false false false false false false false E Hamil Douglas President 37242 211043 37242 211043 Joseph Tait Secretary/COO 320000 105000 320000 105000 Suzanne Hurley Vice President 145776 16198 145776 16198 Form 990, Part VI, Section B, Line 11b The Form 990 is prepared with direct input from the CFO and president and is reviewed by the audit committee and distributed to each board member before filing. Questions or comments are to be brought to the attention of the President and the Form 990 paid preparer. Form 990, Part VI, Section B, Line 12c The organization's written conflict of interest policies and annual updates apply to officers, directors and employees. Compliance is monitored through internal control procedures on an ongoing basis by the CFO and President. Restrictions are imposed on voting rights of board members or officers where participation in the governing body's deliberations and decisions could result in conflicts of interest. Form 990, Part VI, Section B, Line 15a Compensation of the Chief Executive Officer and President is reviewed and approved by the board of directors, and the compensation and finance committee. The organization refers to compensation data for similarly qualified persons in functionally comparable positions. Outside legal counsel's analysis/study of comparable salary levels is used. Contemporaneous documentation of deliberations and decisions regarding compensation contracts is maintained. There are employment contracts for the CEO/President. No other officers or employees receive annual compensation in excess of $75,000 from the organization, including related entities. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the general public upon request. Audited financial statements are provided to donors, potential donors and funding sources. All documents are available at the organization's executive office. Financial and program information is published on the organizations website. Harlem Entrepreneurial Fund LLC 361 West 125th Street New York NY 10027 261393970 Entrepreneurial Small Bus. Loan Prog. NY 1487930 7071634 Harlem Commonwealth Council Inc 215 Acacia LLC 361 West 125th Street New York NY 10027 134178624 Community Eco. Development Projects NY 522193 17563024 Commonwealth Holding Co Inc Commonwealth Local Development Corp 361 West 125th Street New York NY 10027 132938457 Community Eco. Dev't. Projects NY 501(c)(3) 12 Harlem Commonwealth Council Inc true Commonwealth Holding Co Inc 361 West 125th Street New York NY 10027 132688150 Holding Company NY Harlem Commonwealth C Corp 405843 665503 1.00000 true Commonwealth Industrial Parks Inc 361 West 125th Street New York NY 10027 133015188 Manages Development Projects NY Commonwealth Holding C Corp 2796154 37109890 1.00000 true true false true false false false false false false false false false false false true false true false false Commonwealth Local Development Corp a 30000 Cash Commonwealth Local Development Corp c 1500000 cash Commonwealth Local Development Corp o 400000 cash Commonwealth Holding Co Inc a 30000 cash Commonwealth Holding Co Inc o 300000 cash Commonwealth Holding Co Inc q 75000 cash Commonwealth Industrial Parks Inc a 1669255 cash