TROY NEIGHBORHOOD REDEVELOPMENT CO… - 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

2002

Legal Domicile

Principal Officer

GREG ZEPHIR

Tax Period

2023-01-01 to 2023-12-31

TROY NEIGHBORHOOD REDEVELOPMENT CORPORATION, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $28K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 32% operating deficit.

Mission

HOUSING ASSISTANCE FOR LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $23,164

ALL THE PROPERTIES ARE BEING RENTED BY THE POTENTIAL OWNERS IN THE PROGRAM. SEVEN HOMES HAVE BEEN SOLD TO TENANTS.

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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 $1,000

Program Service Revenue $22,581

Investment Income $78

Other Revenue $4,167

TOTAL REVENUE $27,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,164

Other Expenses $36,859

TOTAL EXPENSES $36,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,826	$502,519	-0.9%
Expenses	$36,859	$435,390	-0.9%
Net Income	$-9,033	$67,129	-1.1%

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

N/A

Volunteers

N/A

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

$145,484

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GREG ZEPHIR	CHAIRMAN	Officer	$0	$0	$129,571
CATHY MANESS	TREASURER	Officer	$0	$0	$15,913
JEFF MORRIS	DIRECTOR	Director	$0	$0	$0
CAROL WHITAKER	DIRECTOR	Director	$0	$0	$0
MOLLY ALEXI	DIRECTOR	Director	$0	$0	$0

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	$27,826	$36,859	$497,413	$-9,033
2022	$502,519	$435,390	$506,446	$67,129
2021	$121,736	$113,483	$444,017	$8,253
2020	$29,757	$54,357	$438,464	$-24,600
2019	$39,792	$60,223	$461,214	$-20,431

TROY NEIGHBORHOOD REDEVELOPMENT CORPORATION