Arverne East Phase 1 and Phase 2 Inc is a 501(c)(3) organization based in New York, New York, registered in 2021, with $39,446,704 in FY2024 revenue.
Revenue (FY2024)
$39.4M
▲ 469.5% vs prior year
Recreation median: $129K
Expenses (FY2024)
$0
Net assets
$69.0M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Arverne East Phase 1 and Phase 2 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. Not scored for Arverne East Phase 1 and Phase 2 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Arverne East Phase 1 and Phase 2 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Arverne East Phase 1 and Phase 2 Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $22.9M (FY2022) to $39.4M (FY2024) across 3 reported years.
Financial snapshot
Operating margin
100.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$83.0M
Total liabilities
$13.9M
Net assets
$69.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $39,446,704▲470% | $0 | $69,045,038▲133% | $82,971,547▲91.2% | 990 |
| 2023 | $6,926,321▼69.7% | $0▼100% | $29,598,334▲30.6% | $43,398,332▲19.0% | 990 |
| 2022 | $22,872,013 | $200,000 | $22,672,013 | $36,472,011 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Arverne East Phase 1 and Phase 2 Inc (EIN 86-3966436) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.