THE ORGANIZATION WAS FORMED TO DEVELOP AND BUILD A STATE OF THE ART COMMUNITY CENTER WITH SWIMMING POOL IN THE MT EDEN SECTION OF THE BRONX, NY. THE LAND AND BUILDING CONTAINING THE FACILITY ARE LEASED FROM NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY AT NO RENT FOR 50 YEARS WITH OPTIONS FOR AN ADDITIONAL 25 YEARS. THE SWIMMING POOL IS LEASED TO A RELATED PARTY AFFILIATE, THE CRENULATED COMPANY, LTD , WHO MANAGES AND OPERATES THE SWIMMING POOL OPERATIONS. THE ORGANIZATION HAS LEASED A PORTION OF THE BUILDING BACK TO THE NEW YORK CITY SCHOOL CONSTRUCTION AUTHORITY FOR A PERIOD COINCIDING WITH THE ABOVE LEASE. RENT FOR THE PREMISES IS BASED ON CERTAIN OPERATING COST REIMBURSEMENTS AND IS ADJUSTED ANNUALLY. THE ORGANIZATION PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES, EVENTS AND AFTER-SCHOOL PROGRAMS IN THE COMMUNITY CENTER TO BENEFIT THE SCHOOL AND THE SURROUNDING COMMUNITY. IT HAS ENTERED INTO A LEASE OF ITS FACILITIES TO THE NYC DEPARTMENT OF EDUCATION.
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 Form 990 Jan 1, 2024 to Dec 31, 2024 | $728,785 ↑ | $1,188,466 | $12,134,134 |
| 2023 Form 990 Jan 1, 2023 to Dec 31, 2023 | $663,517 ↓ | $1,219,568 | $12,593,815 |
| 2022 Form 990 Jan 1, 2022 to Dec 31, 2022 | $691,866 ↓ | $1,187,524 | $13,149,866 |
| 2020 Form 990 Jan 1, 2020 to Dec 31, 2020 | $1,156,249 ↓ | $1,086,850 | $13,918,126 |
| 2018 Form 990 Jan 1, 2018 to Dec 31, 2018 | $18,662,710 | $1,183,373 | $13,982,038 |
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