Nonprofit · EIN 20-5311377
NEAR WEST SIDE INITIATIVE INC
Tax-exempt · SYRACUSE, NY 13204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$907,984 | $1,137,121 | -$2,045,105 | $3,162,086 | $1,695,885 | $1,466,201 |
| December 31, 2023 | 990 | $663,077 | $1,383,513 | -$720,436 | $10,218,591 | $2,703,374 | $7,515,217 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $777,773
- Investment income
- -$1,685,757
- Net gain from sales of assets
- -$1,685,822
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $62,259
- Salaries, compensation and benefits (total)
- $66,228
- Professional fundraising fees
- $0
- Legal fees
- $27,272
- Accounting fees
- $9,325
- Program services (functional)
- $1,022,759
- Management and general (functional)
- $114,362
Balance sheet and other
- Total assets, start of year
- $10,218,591
- Total assets, end of year
- $3,162,086
- Total liabilities, end of year
- $1,695,885
- Net assets, end of year
- $1,466,201
- Land, buildings and equipment
- $2,987,231
- Net assets without donor restrictions
- $1,466,201
- Gross receipts
- $2,167,838
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH TYSON | EXECUTIVE DIRECTOR Officer | 40 | $51,480 | $10,383 |
| MICHELLE SCZPANSKI | PRESIDENT/TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| SHEENA SOLOMON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARIA MURRAY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LEAH RUSSELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BABETTE BAKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH TYSON | EXECUTIVE DIRECTOR Officer | 40 | $51,480 | $11,103 |
| MICHELLE SCZPANSKI | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| SHEENA SOLOMON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARIA MURRAY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LEAH RUSSELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BABETTE BAKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 103 WYOMING ST 1ST FLOOR, SYRACUSE, NY 13204-2984
- In care of
- % GREEN & SEIFTER ATTORNEYS
- Principal officer (990 for 2024)
- MICHELLE SCZPANSKI, 115 OTISCO STREET, SYRACUSE, NY 13204
- Signed the 990
- MICHELLE SCZPANSKI, PRESIDENT
- Phone
- (315) 443-8052
- Website
- WWW.WESTSIDEINITIATIVE.ORG
- Return prepared by
- GROSSMAN ST AMOUR CPAS PLLC
Mission
TO FUNCTION AS A COMMUNITY DEVELOPMENT ORGANIZATION FOR THE PURPOSE OF CREATING & IMPLEMENTING A COMPREHENSIVE REDEVELOPMENT PLAN FOR THE NEAR WEST SIDE NEIGHBORHOOD OF THE CITY OF SYRACUSE
Program accomplishments
- THE NEAR WEST SIDE INITIATIVE, INC MAINTAINED AND RENTED PROPERTIES DESIGNATED FOR RENOVATION AS PART OF THEIR REDEVELOPMENT PLAN FOR THE NEAR WEST SIDE NEIGHBORHOOD WITHIN THE CITY OF SYRACUSE.Expenses $995,215 · revenue $743,406
- MULTI-USE PERFORMING ARTS CENTER (SALTSPACE) DEDICATED TO ENHANCING THE QUALITY OF LIFE IN THE COMMUNITY THROUGH AN ACCESSIBLE ARTISTIC HUB FOR CREATIVE COLLABORATION AND OPPORTUNITY.Expenses $27,544 · revenue $34,367
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5311377
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,162,086
- Income (IRS master file)
- $2,167,838
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$907,984 | $1,137,121 | $3,162,086 | XML |
| 990 | December 2023 | $663,077 | $1,383,513 | $10,218,591 | XML |
| 990 | December 2022 | $843,872 | $1,342,532 | $10,724,993 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5311377).
Questions about NEAR WEST SIDE INITIATIVE INC
- What is the EIN of NEAR WEST SIDE INITIATIVE INC?
- The employer identification number (EIN) of NEAR WEST SIDE INITIATIVE INC is 20-5311377.
- Is NEAR WEST SIDE INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to NEAR WEST SIDE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEAR WEST SIDE INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEAR WEST SIDE INITIATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEAR WEST SIDE INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEAR WEST SIDE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names MICHELLE SCZPANSKI.
- Who are the officers and directors of NEAR WEST SIDE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $51,480 (KEITH TYSON, EXECUTIVE DIRECTOR).
- How much revenue does NEAR WEST SIDE INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$907,984, expenses of $1,137,121 and total assets of $3,162,086 at year end.
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All nonprofits in SYRACUSE · New York · Community improvement and capacity building