NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING & COMMUNITY DEVELOPMENT INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $3.8M represent 45 months of operating reserves.
TO PROVIDE DIRECT FINANCIAL AND TECHNICAL ASSISTANCE TO LOW INCOME SENIOR CITIZEN HOMEOWNERS, LOW INCOME TENANTS, AND COMMUNITY DEVELOPMENT EFFORTS IN THE CITY OF NEW YORK. THIS IS ACCOMPLISHED THROUGH THE PROVISIONS OF NO AND LOW INTEREST AND FORGIVABLE LOANS, THE ADMINISTRATION OF GOVERNMENT LOAN FUNDS FOR QUALIFIED LOW INCOME INDIVIDUALS AND GROUPS, TECHNICAL ASSISTANCE TO NEIGHBORHOOD PRESERVATION AND DEVELOPMENT EFFORTS, AND COUNSELING IN THE AREAS OF PREDATORY LENDING REMEDIATION, FORECLOSURE PREVENTION, AND LOSS MITIGATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,009,024 | $1,098,880 | -0.1% |
| Expenses | $1,067,952 | $1,092,935 | 0.0% |
| Net Income | $-58,928 | $5,945 | -10.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HAROLD DERIENZO GEN COUNSEL | DIR. OF COMPLIANCE, ASST. TREASURER | 15.00 |
Officer
Director
|
$84,778 | $4,358 | $89,136 |
| IRMA RODRIGUEZ | CHAIRPERSON | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREG CARLSON | BOARD MEMBER (THRU JAN 2023) | 5.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM HILTON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| RICK ROBERTO | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| KENNETH WRAY | EXECUTIVE DIRECTOR (THRU SEP 2023) | 32.00 |
Officer
|
$111,774 | $5,069 | $116,843 |
| THOMASINA WHITE SCHAP DIR- | ECTOR, INTERIM ED (AS OF SEP 2023) | 30.00 |
Officer
|
$104,170 | $18,503 | $122,673 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,009,024 | $1,067,952 | $14,833,193 | $-58,928 |
| 2022 | $1,098,880 | $1,092,935 | $14,505,679 | $5,945 |
| 2021 | $682,026 | $920,960 | $15,240,279 | $-238,934 |
| 2020 | $792,095 | $1,146,603 | $15,551,006 | $-354,508 |
| 2019 | $2,140,086 | $1,100,498 | $15,709,113 | $1,039,588 |
| 2018 | $850,173 | $1,096,545 | $14,460,464 | $-246,372 |
Compare THE PARODNECK FOUNDATION FOR SELF-HELP HOUSING & COMMUNITY DEVELOPMENT INC with other nonprofits in New York and across the country.