NORTH BROOKLYN DEVELOPMENT CORP (EIN 112555446) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

RICHARD MAZUR

Phone

7183899044

Tax Period

2023-07-01 to 2024-06-30

NORTH BROOKLYN DEVELOPMENT CORP, founded in 1979, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $312K, a strong 21% operating margin.

Mission

NORTH BROOKLYN DEVELOPMENT CORPORATION (NBDC) IS A COMMUNITY-DRIVEN NOT- FOR-PROFIT ORGANIZATION DEVOTED TO IMPROVING HOUSING, COMMERCE, AND EDUCATION IN NORTH BROOKLYN BY SERVING COMMUNITY MEMBERS WHO NEED ASSISTANCE IN SUSTAINING OR ACHIEVING A DECENT STANDARD OF LIVING

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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 $1,082,790

Program Service Revenue $0

Investment Income $87,852

Other Revenue $325,825

TOTAL REVENUE $1,496,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,059,470

Fundraising Expenses $0

Program Expenses $908,340

Other Expenses $125,142

TOTAL EXPENSES $1,184,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,496,467	$1,485,652	+0.0%
Expenses	$1,184,612	$1,152,738	+0.0%
Net Income	$311,855	$332,914	-0.1%

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

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

$200,831

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MAZUR	EXECUTIVE DI	35.00	Officer	$200,831	$0	$200,831
TONY ARGENTO	DIRECTOR	1.00	Director	$0	$0	$0
MARK CHROSCIELEWSLI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES P MALEADY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SZUMSKI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN M THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PULLO	PRESIDENT	1.00	Officer	$0	$0	$0
EDITH SCHKRUTZ	SECRETARY	1.00	Officer	$0	$0	$0
TADEUSZ WOZNIAK	TREASURER	1.00	Officer	$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	$1,496,467	$1,184,612	$2,806,508	$311,855
2023	$1,485,652	$1,152,738	$2,203,690	$332,914
2022	$1,923,302	$1,251,271	$2,129,257	$672,031
2021	$1,075,634	$833,966	$1,571,172	$241,668
2021	$1,075,634	$833,966	$1,571,172	$241,668
2019	$1,071,610	$1,033,904	$1,098,154	$37,706
2018	$963,136	$913,911	$942,714	$49,225

NORTH BROOKLYN DEVELOPMENT CORP