OPEN SPACE ALLIANCE FOR NORTH BROO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

KATIE DENNY HOROWITZ

Phone

7185992718

Tax Period

2023-01-01 to 2023-12-31

OPEN SPACE ALLIANCE FOR NORTH BROOKLYN INC, founded in 2006, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

NORTH BROOKLYN PARKS ALLIANCE WORKS WITH THE NYC DEPARTMENT OF PARKS & RECREATION, ELECTED OFFICIALS, AND OUR COMMUNITY TO MAINTAIN, ACTIVATE, ENHANCE, AND EXPAND PARKS AND PUBLIC SPACES IN NORTH BROOKLYN.

Program Service Accomplishments

Program 1

Expenses: $831,679 Revenue: $647,635

IN 2023, THE NORTH BROOKLYN PARKS ALLIANCE EXPANDED ITS MAINTENANCE AND HORTICULTURAL SERVICES AND PROGRAMMING AT UNDER THE K BRIDGE PARK FOR ITS FIRST FULL YEAR OF BEING OPEN AS A PUBLIC PARK...

IN 2023, THE NORTH BROOKLYN PARKS ALLIANCE EXPANDED ITS MAINTENANCE AND HORTICULTURAL SERVICES AND PROGRAMMING AT UNDER THE K BRIDGE PARK FOR ITS FIRST FULL YEAR OF BEING OPEN AS A PUBLIC PARK. PUBLIC PROGRAMMING RANGED FROM ONGOING VOLUNTEER STEWARDSHIP OPPORTUNITIES, TO THE SECOND ANNUAL "REGGAE UNDER THE BRIDGE" SERIES, TO A "SUMMER OF LOVE" MUSIC FESTIVAL IN PARTNERSHIP WITH HOUSE OF YES.THROUGHOUT BROOKLYN'S COMMUNITY BOARD 1, THE ORGANIZATION COORDINATED VOLUNTEER PROGRAMS, SUPPORTED NEIGHBORHOOD PARKS GROUPS -- LIKE LOCAL DOG RUNS (PROVIDING PARK IMPROVEMENTS TO COOPER, MCGOLRICK, MCCARREN, AND STERNBERG RUNS), COMMUNITY GARDENS THROUGH AN OPEN GARDEN DAY COLLABORATION, AND FRIENDS GROUPS THROUGH FISCAL SPONSORSHIP AND TECHNICAL ASSISTANCE -- AND WORKED WITH OPEN STREETS AND PUBLIC PLAZA PARTNERS ON NEW PUBLIC SPACES IN THE NEIGHBORHOOD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $380,047

Program Service Revenue $647,635

Investment Income $186

Other Revenue $239

TOTAL REVENUE $1,028,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $776,541

Fundraising Expenses $183,100

Program Expenses $831,679

Other Expenses $341,439

TOTAL EXPENSES $1,117,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,028,107	$718,735	+0.4%
Expenses	$1,117,980	$784,684	+0.4%
Net Income	$-89,873	$-65,949	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$118,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICH ANDERER	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID LOMBINO	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DIANE ZELVIN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
KEITH BERGER	TREASURER	1.00	Officer Director	$0	$0	$0
JOE VANCE	SECRETARY	1.00	Officer Director	$0	$0	$0
KARLI BAINBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
KATE BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
WARD DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN FEENEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HELBRAUN	DIRECTOR (THRU MAR 2023)	1.00	Director	$0	$0	$0
JEREMIAH KANE	DIRECTOR	1.00	Director	$0	$0	$0
ELYSE LOVE	DIRECTOR	1.00	Director	$0	$0	$0
ELYSSA MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
NAM PHAN	DIRECTOR	1.00	Director	$0	$0	$0
JANE POOL	DIRECTOR	1.00	Director	$0	$0	$0
MARK SALINGER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG STEINER	DIRECTOR	1.00	Director	$0	$0	$0
DEWEY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE A HOROWITZ	EXECUTIVE DIRECTOR	40.00	Officer	$118,615	$0	$118,615

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$983,975	$1,147,143	$104,766	$-163,168
2023	$1,028,107	$1,117,980	$110,246	$-89,873
2022	$718,735	$784,684	$87,457	$-65,949
2021	$410,074	$549,292	$93,074	$-139,218
2021	$406,002	$546,214	$92,080	$-140,212
2020	$831,126	$760,741	$213,218	$70,385
2019	$475,117	$536,791	$199,157	$-61,674
2019	$471,553	$533,227	$199,157	$-61,674
2018	$424,806	$480,448	$263,018	$-55,642

OPEN SPACE ALLIANCE FOR NORTH BROOKLYN INC