NORTH BROOKLYN DEVELOPMENT CORP

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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 WAS FORMED TO ASSIST,PROMOTE, ENCOURAGE AND STIMULATE THE CONSTRUCTION AND/OR REHABILITATION OF RESIDENTIAL BUILDINGS IN BLIGHTED OR UNDERDEVELOPED AREAS OF BROOKLYN,NY

Program Service Accomplishments

Program 1

Expenses: $765,095 Revenue: $765,095

AFTER SCHOOL PROGRAMS-NBDC HAS CONTINUED TO OPERATE AFTER SCHOOL PROGRAMS IN 3 LOCAL SCHOOLS FOR 390 ELEMENTARY SCHOOL STUDENTS AGES 6 TO 11. THE PROGRAM OPERATES @ 3 HOURS A DAY 5 DAYS A WEEK.IT...

AFTER SCHOOL PROGRAMS-NBDC HAS CONTINUED TO OPERATE AFTER SCHOOL PROGRAMS IN 3 LOCAL SCHOOLS FOR 390 ELEMENTARY SCHOOL STUDENTS AGES 6 TO 11. THE PROGRAM OPERATES @ 3 HOURS A DAY 5 DAYS A WEEK.IT PROVIDES A SAFE, HEALTHY, AND INTELLECTUALLY ENRICHING ENVIRONMENT OUTSIDE OF SCHOOL TIME.IT PROVIDES AN OPPORTUNITY FOR LOCAL SCHOOL CHILDREN TO PARTICIPATE IN NUMEROUS ART AND SCIENCE PROJECTS AND COMMUNITY SERVICE ACTIVITIES. DURING THE 2023-24 SCHOOL YEAR, THE PROGRAM WAS FULLY OPERATIONAL AND PROVIDED IN PERSON SERVICES.

Program 2

Expenses: $143,245 Revenue: $143,245

NEIGHBORHOOD AND HOUSING PRESERVATION PROGRAM- DURING THE LAST 12 MONTHS WE HAD CLOSE TO 1500 VISITS TO OUR OFFICE BECAUSE OF HOUSING RELATED MATTERS. PROGRAM PROVIDED THE FOLLOWING SERVICES...

NEIGHBORHOOD AND HOUSING PRESERVATION PROGRAM- DURING THE LAST 12 MONTHS WE HAD CLOSE TO 1500 VISITS TO OUR OFFICE BECAUSE OF HOUSING RELATED MATTERS. PROGRAM PROVIDED THE FOLLOWING SERVICES: INFORMATION AND ADVICE ON TENANT RIGHTS AND THEIR ENFORCEMENT THROUGH WORKSHOPS,TENANT ASSOCIATION MEETINGS, AND DURING INDIVIDUAL CONSULTATIONS, FINDING LEGAL HELP AND ASSISTING TENANTS IN HOUSEING COURT AS WELL AS WRITING LETTERS TO LANDLORDS AND HOUSING AGENCIES ON BEHALF OF TENANTS. OUR STAFF HAS ALSO PROVIDED INFORMATION AND ASSISTANCE IN LOCATING AND APPLYING FOR AFFORDABLE APARTMENTS.

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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