BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FEDERATION OF ITALIAN-AMERICAN ORGANIZATIONS OF BROOKLYN LTD, founded in 1977, is a community nonprofit in the Religion sector that reported $8.1M in total revenue in fiscal year 2023. Net assets of $17.6M represent 26 months of operating reserves.
THE FEDERATION OF ITALIAN AMERICAN ORGANIZATION OF BROOKLYN LTD. ALSO KNOWN AS F.I.A.O. BROOKLYN IS A 501(C)(3) NOT-FOR-PROFIT, CHARITABLE COMMUNITY SERVICE ORGANIZATION ESTABLISHED IN 1977. FIAO WAS CREATED FROM THE EFFORTS OF DOZENS OF ITALIAN AMERICAN ORGANIZATIONS TO UNITE, GALVANIZE RESOURCES, AND PROVIDE SERVICES TO THE COMMUNITY DURING A TIME WHEN MANY ITALIANS WERE IMMIGRATING TO THE UNITED STATES. FOR OVER FORTY YEARS, FIAO HAS PROVIDED A GAMUT OF SERVICES DIRECTED AT IMPROVING THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES IN OUR SOUTH BROOKLYN COMMUNITY WITH PARTICULAR FOCUS ON IMMIGRANTS, SENIORS, AND YOUTH. TODAY, FIAO'S FREE SERVICES INCLUDE SOCIAL SERVICES, COUNSELING, LEGAL SERVICES, EDUCATION, AND MULTICULTURAL PROGRAMS, AND AFTER-SCHOOL PROGRAMS IN LOCAL SOUTH BROOKLYN SCHOOLS. THESE SERVICES ARE FUNDED BY CONTRACTS WITH NYC DYCD, NYC DOE, NYC DCLA, NYC DFTA, NYS OASAS, NYS OCFS, AS WELL AS PRIVATE DONORS, AND CORPORATE GRANTS. FIAO SUPPORTS NEIGHBORHOOD IMPROVEMENT
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 | $8,122,201 | $7,897,600 | +0.0% |
| Expenses | $8,074,021 | $7,408,488 | +0.1% |
| Net Income | $48,180 | $489,112 | -0.9% |
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 |
|---|---|---|---|---|---|---|
| JACK SPATOLA | CHAIRMAN | 50.00 |
Officer
Director
|
$0 | $0 | $0 |
| PASQUALINO RUSSO | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARVIN REISKIN | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILIP GUARNIERI | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN MEZZOLA | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROCCO FERRARO | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SALVATORE FRONTERRE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT J MILLER JR | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANK NACCARATO | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANA OLIVEIRA | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| VITO PARENTE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR SUDHA PATEL | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLO SCISSURA ESQ | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN SPARACIO | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY LENDINO ESQ | LEGAL ADVISO | 1.00 |
Officer
|
$0 | $0 | $0 |
| NANCY SOTTILE | EXECUTIVE DI | 50.00 |
Officer
|
$188,730 | $0 | $188,730 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $8,122,201 | $8,074,021 | $18,016,355 | $48,180 |
| 2023 | $8,013,600 | $7,408,488 | $18,115,473 | $605,112 |
| 2022 | $6,779,370 | $6,197,722 | $18,192,527 | $581,648 |
| 2021 | $4,705,757 | $5,073,251 | $17,544,390 | $-367,494 |
| 2020 | $4,694,771 | $5,340,428 | $18,084,593 | $-645,657 |
| 2019 | $5,911,608 | $5,595,325 | $19,027,396 | $316,283 |
| 2018 | $4,812,545 | $4,405,498 | $18,894,837 | $407,047 |
Compare FEDERATION OF ITALIAN-AMERICAN ORGANIZATIONS OF BROOKLYN LTD with other nonprofits in New York and across the country.