Kingsbridge
Nonprofit accounting in Kingsbridge, the Bronx
Neighborhood development groups and service organizations along the Broadway corridor run on grants.
What you get
- Form 990, 990-EZ and 990-N
- Unrelated business income on Form 990-T
- Restricted and unrestricted funds tracked
- Reporting a board can read
The MyCleverCPA team
- 25+ years in regulated finance, compliance and audit
- Tax work led by a CPA. Jillian Sinel holds the CPA and the CAA
- Riverdale Office at 331 College Rd, Bronx, NY 10471
In Kingsbridge
Nonprofit accounting for Kingsbridge
Restricted fund tracking and grant reporting are what keep the next grant available, and most funders want to see the numbers in a form the organization does not naturally produce.
Building the chart of accounts around the reporting the grants require, rather than around the bank account, saves the work every cycle.
Scope
What is included in nonprofit
The same work wherever you are. Scoped to what you actually need.
Annual filings
- Form 990, 990-EZ and 990-N
- Form 990-T for unrelated business income
- New York State charities filings
Fund accounting
- Restricted and unrestricted fund tracking
- Grant and program reporting
- Costs allocated across program, administration and fundraising
Governance and controls
- Internal controls for volunteer-run finance
- Separation of duties on a small team
- Documentation a board can actually review
Setting one up
- Entity formation and the exemption application
- A chart of accounts built to produce a 990
- The written policies the 990 asks whether you have
What this covers
- Form 990, 990-EZ and 990-N
- Form 990-T for unrelated business income
- Annual reporting and regulatory filings
- Nonprofit structuring and entity setup
- Bookkeeping and fund accounting
- Board and management reporting
- Restricted and unrestricted fund tracking
- Internal controls for volunteer-run finance
Local tax
Storefronts, landlords, and a construction project worth watching
This is a corridor of small, independent, mostly unincorporated businesses, which puts the Unincorporated Business Tax front and center: 4% above a $95,000 gross income threshold, with the credit removing the tax entirely at $3,400 or less. Most businesses on this stretch of Broadway sit under that, which is worth confirming rather than worrying about.
It is also an apartment neighborhood, so small landlords and building management are a steady part of the work. They are exempt from UBT under the real property exclusion, while the storefront next door is not.
The Kingsbridge Armory is the thing to watch. The City Council approved its redevelopment on 30 October 2025, backed by $216 million of city, state and federal investment, with phase one covering venue, cultural and commercial space and a second phase of around 500 permanently affordable rental units. Groundbreaking was expected in 2026. For contractors and for anyone thinking about taking commercial space nearby, it is worth confirming the current status before making decisions on it.
New York City resident income tax applies, and MCTMT Zone 1 at 0.60%.
How it works
How nonprofit runs
Four stages. Most of the value sits in the first two, before anything is filed.
Check the filing history
Which 990 was filed, when, and whether exempt status is still intact.
Straighten the records
Funds separated, allocations documented and balances reconciled.
Prepare the return
The 990 and anything it brings with it, including the 990-T.
Report to the board
Statements and a 990 the board can read without a translator.
Questions
Frequently asked questions
I own a small building here. Do I owe the Unincorporated Business Tax?
No. Holding, leasing or managing real property for rental income is specifically excluded from UBT. The rental income is still reported on Schedule E federally and for the state.
Is the Armory project actually happening?
The City Council approved it on 30 October 2025 with funding committed, and groundbreaking was expected in 2026. Large projects slip, so if you are making a business decision on the back of it, check the current position with the Economic Development Corporation rather than relying on a page like this one.
My business is tiny. Do I still need to file city business tax?
Only once gross business income passes $95,000. Below that there is no UBT filing requirement. Above it, there usually is, even when the tax itself comes to nothing.
What happens if we missed a 990?
Three consecutive missed years revokes exempt status automatically. One missed year is fixable and worth fixing immediately. If status has already been revoked, reinstatement is possible but it is a longer road.
Which 990 do we file?
It depends on gross receipts and total assets. Small organizations may only need the 990-N, which is short. We would rather confirm the threshold than have you file the wrong one.
Can you help us set up a new nonprofit?
Yes, on the structuring and accounting side, working with whoever handles the legal formation and the exemption application.
Also in Kingsbridge
Our other services here
Tax preparation and planning
Along the Broadway corridor the filers are storefront owners and small landlords, often both at once.
Tax preparation and planning in KingsbridgeBookkeeping and accounting
A storefront and a building, held by the same person, usually arrive as one set of books.
Bookkeeping and accounting in KingsbridgeTrust and estate tax
Small apartment buildings held for decades dominate Kingsbridge estates.
Trust and estate tax in KingsbridgeIRS representation
Landlord notices here usually concern depreciation, repairs or passive loss limits.
IRS representation in KingsbridgeTalk to us about nonprofit in Kingsbridge
Book a time online, or call the Riverdale office directly.
Nearest office
Riverdale Office
331 College Rd, Bronx, NY 10471
Phone
Office hours
Sunday to Friday, 11am to 8pm Eastern.
Closed Saturday.