Local Development Corp of East New York (EIN 112556667) - 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

1981

Legal Domicile

Principal Officer

William Wilkins

Phone

7183856700

Tax Period

2024-07-01 to 2025-06-30

Local Development Corp of East New York, founded in 1981, is a small nonprofit that reported $659K in total revenue in fiscal year 2024. Expenses of $631K left a modest 4% surplus.

Mission

The mission of LDCENY is to empower low-to-moderate income women and minorities with programs that promote economic sufficiency, build assets and improve their lives and those of their families. LDCENY works with local businesses to retain and build industry and

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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 (2024)

Revenue Breakdown

Contributions & Grants $647,534

Program Service Revenue $0

Investment Income $52

Other Revenue $11,000

TOTAL REVENUE $658,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,219

Fundraising Expenses $31,687

Program Expenses $492,878

Other Expenses $226,465

TOTAL EXPENSES $630,684

Year-over-Year Comparison

	2024	2023	Change
Revenue	$658,586	$632,182	+0.0%
Expenses	$630,684	$689,434	-0.1%
Net Income	$27,902	$-57,252	-1.5%

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

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

$143,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Priscilla Frey - Incorvaia	Chair	2.00	Officer Director	$0	$0	$0
Kim Council	Vice Chair	2.00	Officer Director	$0	$0	$0
Stephen Genovese	Secretary/Treasurer	1.00	Director	$0	$0	$0
Brad Faden	Board Member	1.00	Director	$0	$0	$0
William Wilkins	Executive Director	40.00	Officer Highest	$143,500	$0	$143,500

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	$658,586	$630,684	$489,967	$27,902
2024	$632,182	$689,434	$271,728	$-57,252
2024	$705,338	$708,036	$280,400	$-2,698
2023	$783,742	$819,313	$410,211	$-35,571
2022	$723,756	$722,174	$773,899	$1,582
2021	$499,693	$556,533	$257,092	$-56,840
2020	$557,962	$630,129	$413,412	$-72,167

Local Development Corp of East New York