PROGRESS OF PEOPLE'S MANAGEMENT CORP

EIN: 112555060 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$4,266,078
Total Expenses
$3,759,593
Total Assets
$7,477,546
Net Assets
$6,788,652
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
Rev Msgr Alfred P LoPinto
Phone
7187226000
Tax Period
2023-07-01 to 2024-06-30

PROGRESS OF PEOPLE'S MANAGEMENT CORP, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $3.8M left a modest 12% surplus.

Mission

TO PROVIDE MANAGEMENT & OTHER RELATED SERVICES TO LOW-INCOME HOUSING PROJECTS IN BROOKLYN, NY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,094,905
Program Service Revenue $2,704,485
Investment Income $167,937
Other Revenue $298,751
TOTAL REVENUE $4,266,078

Expense Breakdown

Grants Paid $1,094,905
Salaries & Benefits $814,381
Fundraising Expenses $0
Program Expenses $3,727,412
Other Expenses $1,850,307
TOTAL EXPENSES $3,759,593

Year-over-Year Comparison

2023 2022 Change
Revenue $4,266,078 $4,886,229 -0.1%
Expenses $3,759,593 $4,388,718 -0.1%
Net Income $506,485 $497,511 +0.0%
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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Governance

Voting Members
8
Independent Members
5
Employees
148
Volunteers
7

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
8
$721,450
Total Directors
8
$447,550
Key Employees
1
$263,305
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMMIE GLYNN RYAN EXEC. SEC/COS/GEN COUNSEL 0.2
Officer Director
$0 $37,362 $357,550
CHRISTINE D'OTTAVIO CFO 0.2
Officer
$0 $30,825 $273,900
GEORGE STATHOIDAKIS SENIOR VICE PRESIDENT 35.0
Key Emp
$216,502 $46,803 $263,305
JOANNA ROSELLI CONTROLLER 35.0
Highest
$167,039 $30,938 $197,977
SHEENA WILLIAMS DIR. OF OCCUPANCY & COMPLIANCE 35.0
Highest
$121,889 $29,687 $151,576
PERTHINA PEGUS-NEPTUNE DIRECTOR OF OPERATIONS 35.0
Highest
$102,739 $27,958 $130,697
YHASARA HUMPHREY DIRECTOR OF OPERATIONS 35.0
Highest
$100,782 $28,087 $128,869
VERY REV PATRICK KEATING DEPUTY CEO 0.2
Officer Director
$0 $1,500 $46,500
REV MSGR ALFRED P LOPINTO CEO 0.2
Officer Director
$0 $6,500 $43,500
GAIL DUKE PRESIDENT 0.5
Officer Director
$0 $0 $0
JOHN CANTIRINO VICE PRESIDENT 0.5
Officer Director
$0 $0 $0
NICHOLAS PAOLILLO TREASURER 0.5
Officer Director
$0 $0 $0
THOMAS J GRECH SECRETARY 0.5
Officer Director
$0 $0 $0
DANIEL GREENE DIRECTOR 0.5
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
2025 No data No data No data No data
2024 $4,266,078 $3,759,593 $7,477,546 $506,485
2023 $4,886,229 $4,388,718 $6,622,503 $497,511
2022 $2,815,063 $2,634,728 $5,968,064 $180,335
2021 $4,538,530 $2,091,645 $5,946,148 $2,446,885
2020 $2,775,912 $1,827,412 $5,625,234 $948,500
2019 $2,733,392 $1,790,283 $3,090,354 $943,109
2018 $2,610,778 $2,002,445 $2,417,166 $608,333
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