BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIFTH AVENUE COMMITTEE INC, founded in 1978, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 7% surplus.
FIFTH AVENUE COMMITTEE, INC. (FAC) IS A COMPREHENSIVE COMMUNITY DEVELOPMENT CORPORATION AND CHARTERED MEMBER OF THE NEIGHBORWORKS AMERICA NETWORK. FOUNDED IN 1978, FAC'S MISSION IS TO ADVANCE ECONOMIC, SOCIAL, AND RACIAL JUSTICE. FAC STRIVES TO MAKE OUR COMMUNITIES MORE EQUITABLE, SUSTAINABLE, INCLUSIVE AND JUST SO THAT ALL CAN LIVE AND WORK WITH DIGNITY AND RESPECT. TO ACHIEVE ITS MISSION, FAC DEVELOPS AND MANAGES AFFORDABLE HOUSING AND COMMUNITY FACILITIES; CREATES ECONOMIC OPPORTUNITIES FOR LOW AND MODERATE INCOME NEW YORKERS, AND ENSURES ACCESS TO ECONOMIC STABILITY THROUGH WORKFORCE TRAINING AND JOB PLACEMENT ASSISTANCE; CONNECTS NEEDY FAMILIES WITH PUBLIC BENEFITS, TAX PREPARATION ASSISTANCE AND LEGAL, FINANCIAL AND CREDIT COUNSELING; PROVIDES STUDENT-CENTERED ADULT EDUCATION AND LITERACY CLASSES; ORGANIZES COMMUNITY MEMBERS, PUBLIC HOUSING RESIDENTS, IMMIGRANTS AND YOUTH; AND COMBATS DISPLACEMENT CAUSED BY GENTRIFICATION. TOGETHER, FAC'S PROGRAMS DIRECTLY IMPACT THE LIVES OF 6,000 LOW AND MODERATE INCOME NEW YORKERS ANNUALLY.
AFFORDABLE HOUSING AND COMMUNITY FACILITIES DEVELOPMENT: FAC HAS DEVELOPER OVER 1,300 AFFORDABLE HOMES, REVITALIZED MORE THAN 30 STOREFRONTS, AND BUILT OVER 60,000 SQUARE FEET OF COMMUNITY SPACE. FAC...
AFFORDABLE HOUSING AND COMMUNITY FACILITIES DEVELOPMENT: FAC HAS DEVELOPER OVER 1,300 AFFORDABLE HOMES, REVITALIZED MORE THAN 30 STOREFRONTS, AND BUILT OVER 60,000 SQUARE FEET OF COMMUNITY SPACE. FAC CURRENTLY HAS 133 UNITS OF NEW AFFORDABLE HOUSING IN CONSTRUCTION AND A DEVELOPMENT PIPELINE OF OVER 1,700 UNITS REPRESENTING AN INVESTMENT OF MORE THAN $850 MILLION IN BROOKLYN. ALL FAC'S NEW DEVELOPMENTS ARE DESIGNED TO LEED, PASSIVE HOUSE OR ENTERPRISE GREEN COMMUNITY STANDARDS. FAC OWNS AND/OR MANAGES 740 UNITS THAT ARE HOME TO OVER 1,000 LOW AND MODERATE INCOME FAMILIES AND HAS 32 SMALL BUSINESS AND NONPROFIT TENANTS. OVER 85% OF FAC'S COMMERCIAL TENANTS ARE SMALL, MINORITY AND/OR WOMEN OWNED BUSINESSES OR NON-PROFITS.
ADULT EDUCATION:OFFERING A RANGE OF CLASSES, INCLUDING ENGLISH FOR SPEAKERS OF OTHER LANGUAGES ("ESOL"), ADULT BASIC EDUCATION (ABE), HIGH SCHOOL EQUIVALENCY (HSE), FAMILY LITERACY CLASSES AND BRIDGE...
ADULT EDUCATION:OFFERING A RANGE OF CLASSES, INCLUDING ENGLISH FOR SPEAKERS OF OTHER LANGUAGES ("ESOL"), ADULT BASIC EDUCATION (ABE), HIGH SCHOOL EQUIVALENCY (HSE), FAMILY LITERACY CLASSES AND BRIDGE PROGRAMMING AT LOCAL PUBLIC SCHOOLS AND CHURCHES, THIS PROGRAM SERVED OVER 1,000 STUDENTS IN FY23. PER THE NYS DEPARTMENT OF EDUCATION, THE PROGRAM PERFORMS IN THE TOP QUARTILE OF ADULT EDUCATION PROGRAMS STATE-WIDE. THE NEW AMERICAN BRIDGE PROGRAM SERVED 81 IMMIGRANT STUDENTS WITH BARRIERS TO EMPLOYMENT IN FY23, 70 OF WHOM HAVE SUCCESSFULLY SECURED LIVING WAGE EMPLOYMENT THROUGH THE PROGRAM AS OF 6/30/23. THE BRIDGE PROGRAM IS A PARTNERSHIP WITH FAC NONPROFIT WORKFORCE DEVELOPMENT AFFILIATE, BROOKLYN WORKFORCE INNOVATIONS (BWI)'S RED HOOK ON THE ROAD CDL PROGRAM AND BROOKLYN NETWORKS TELE-DATA CABLE INSTALLATION PROGRAMS. ADULT EDUCATION ALSO EXPANDED ITS DIGITAL LITERACY INSTRUCTION IN FY23, HELPING TO SAFELY AND SECURELY CONNECT MORE STUDENTS TO ONLINE TOOLS, RESOURCES AND KNOWLEDGE. ACROSS ALL ADULT EDUCATION'S PROGRAMS IN FY23, 194 STUDENTS SECURED AN INDUSTRY CREDENTIAL TO HELP THEM REACH THEIR EDUCATIONAL AND PROFESSIONAL GOALS; 247 MADE DEMONSTRATED EDUCATIONAL GAINS. FAC ADULT ED ALSO LAUNCHED AN ONLINE BANKING COURSE IN FY23 THAT SERVED 57 STUDENTS. PARTICIPANTS RECEIVED TAILORED DIGITAL LITERACY TRAINING DESIGNED TO HELP THEM TAKE ADVANTAGE OF ONLINE BANKING TOOLS TO MANAGE THEIR FINANCES.
ORGANIZING AND ADVOCACY: FAC'S ORGANIZING AND ADVOCACY PROGRAMS EMPOWER LOW-INCOME RESIDENTS THROUGH SOCIAL JUSTICE AND TENANT RIGHTS CAMPAIGNS. IN FY23, THESE PROGRAMS HELPED PREVENT OVER 200...
ORGANIZING AND ADVOCACY: FAC'S ORGANIZING AND ADVOCACY PROGRAMS EMPOWER LOW-INCOME RESIDENTS THROUGH SOCIAL JUSTICE AND TENANT RIGHTS CAMPAIGNS. IN FY23, THESE PROGRAMS HELPED PREVENT OVER 200 EVICTIONS. CAMPAIGNS EMPOWER TRADITIONALLY MARGINALIZED GROUPS, SUCH AS RENT STABILIZED AND PUBLIC HOUSING RESIDENTS, AND IMMIGRANTS. IN FY23 FAC CONTINUED ITS LEADERSHIP OF TURNING THE TIDE, CLIMATE JUSTICE CAMPAIGN WITH LOCAL PARTNERS AS WELL AS THE GOWANUS NEIGHBORHOOD COALITION FOR JUSTICE (GNCJ). GNCJ IS A BROAD-BASED COALITION THAT ADVOCATES FOR EQUITABLE DEVELOPMENT AND REZONING OUTCOMES THAT SECURED SIGNIFICANT WINS IN FY22 THROUGH THE POINTS OF AGREEMENT (POA) AS PART OF THE GOWANUS AREA-WIDE REZONING'S PASSAGE INCLUDING OVER $200 MILLION COMMITTED BY THE CITY OF NEW YORK TO ADDRESS CAPITAL NEEDS AT LOCAL PUBLIC HOUSING DEVELOPMENTS IN ADDITION TO INVESTMENT IN LOCAL SEWAGE INFRASTRUCTURE AND TO PARTICIPATE IN THE FIRST COMMUNITY LED REZONING OVERSIGHT TASK FORCE.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $9,729,131 | $8,824,001 | +0.1% |
| Expenses | $9,039,120 | $7,722,077 | +0.2% |
| Net Income | $690,011 | $1,101,924 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| MELANNIE ASH | CO-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PRISTINE JOHANNESSEN | CO-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JESSICA A YAGER | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUAN BARAHONA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANY CUNNINGHAM | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KATE GILMORE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROLINA GONZALEZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIC MAGNUS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SAM MARKS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARMAINE MARIZAN | BOARD MEMBER THRU OCTOBER 2022 | 2.00 |
Director
|
$0 | $0 | $0 |
| AYANA MUHAMMAD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GAWAIN PATTERSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIK PAULINO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JULIO PENA III | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIADELE PRIEST | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE ZINNEL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE DE LA UZ | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$233,154 | $10,720 | $243,874 |
| ROY NIELSEN | DIRECTOR OF FINANCE & IT | 34.50 |
Officer
|
$170,054 | $20,945 | $190,999 |
| JAY A MARCUS | DIRECTOR OF REAL ESTATE | 34.50 |
Highest
|
$133,888 | $37,288 | $171,176 |
| EMILY BLANK | DIR. OF EXTERNAL AFFAIRS & STRATEGY | 34.50 |
Highest
|
$125,154 | $42,575 | $167,729 |
| WILLIAM YATES | DIR. OF HOUSING DEVELOPMENT | 34.50 |
Highest
|
$142,960 | $28,876 | $171,836 |
| ZULLY ROLAN | DIR. OF ASSET & PROP. MGMT | 34.50 |
Highest
|
$115,416 | $18,387 | $133,803 |
| BO RA LEE | CHIEF OF STAFF | 35.00 |
Highest
|
$101,146 | $10,128 | $111,274 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $9,729,131 | $9,039,120 | $9,551,993 | $690,011 |
| 2022 | $8,824,001 | $7,722,077 | $8,481,481 | $1,101,924 |
| 2021 | $7,933,714 | $7,122,323 | $7,015,493 | $811,391 |
| 2020 | $7,359,288 | $7,070,505 | $7,132,878 | $288,783 |
| 2019 | $6,590,774 | $6,044,337 | $5,928,704 | $546,437 |
| 2018 | $6,904,524 | $6,297,901 | $5,172,020 | $606,623 |
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