EVERGREEN INC YOUR NORTH BROOKLYN … - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

LEAH ARCHIBALD

Phone

7183887287

Tax Period

2024-01-01 to 2024-12-31

EVERGREEN INC YOUR NORTH BROOKLYN BUSINESS EXCHANGE, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

EVERGREEN INC. IS A MEMBERSHIP ORGANIZATION THAT PROMOTES THE DEVELOPMENT RETENTION OF PRODUCTION, MANUFACTURING AND INDUSTRIAL SERVICE BUSINESSES THUS IMPROVING NEIGHBORHOODS IN NORTH BROOKLYN AND SURROUNDING COMMUNITIES BY CONNECTING (CONTINUE ON SCHEDULE O) BUSINESSES WITH RESOURCES AND OPPORTUNITIES TO MAXIMIZE THEIR COMPETITIVE ADVANTAGE IN THE MARKETPLACE.

Program Service Accomplishments

Program 1

Expenses: $753,756 Revenue: $597,656

IN 2024, EVERGREEN RENTED MANUFACTURING AND INDUSTRIAL RENTAL REAL ESTATE TO 7 SMALL BUSINESSES AT A SUBSIDIZED RATE TO PRESERVE MANUFACTURING AND INDUSTRY IN NORTH BROOKLYN.

Program 2

Expenses: $563,447

IN 2024 EVERGREEN STAFF SERVED 181 INDIVIDUAL BUSINESSES. BUSINESS CLIENTS LOOKED TO EVERGREEN FOR A WIDE VARIETY OF SERVICES; THE MOST FREQUENTLY REQUESTED SERVICES WERE BUSINESS PLANNING AND...

IN 2024 EVERGREEN STAFF SERVED 181 INDIVIDUAL BUSINESSES. BUSINESS CLIENTS LOOKED TO EVERGREEN FOR A WIDE VARIETY OF SERVICES; THE MOST FREQUENTLY REQUESTED SERVICES WERE BUSINESS PLANNING AND ASSISTANCE ACCESSING FINANCING AND INCENTIVES. EVERGREEN WAS ABLE TO HELP EIGHT LOCAL FIRMS APPLY FOR 15 DIFFERENT INCENTIVES. EVERGREEN ANSWERED 50 REQUESTS FOR FINANCING RELATED INQUIRIES AND ASSISTANCE IN 2024. EVERGREEN HELPED BUSINESSES QUALIFY FOR THREE LOANS AND ONE GRANT FOR A TOTAL OF $227,360 IN FINANCING PREDOMINANTLY FOR WORKING CAPITAL. SINCE 2007, OUR STAFF HAS HELPED LOCAL BUSINESSES OBTAIN $62,349,883 IN FINANCING. TWENTY-NINE FIRMS ATTENDED OUR INFORMATIONAL WORKSHOPS AND 20 ATTENDED OUR MULTI-WEEK SEMINARS. ONE HUNDRED TWENTY-TWO FIRMS RECEIVED ONE-ON-ONE ASSISTANCE FROM EVERGREEN STAFF ON OVER 158 ISSUES.

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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 $810,765

Program Service Revenue $597,656

Investment Income $0

Other Revenue $555

TOTAL REVENUE $1,408,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,067

Fundraising Expenses $23,721

Program Expenses $1,317,203

Other Expenses $1,154,568

TOTAL EXPENSES $1,730,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,408,976	$1,372,487	+0.0%
Expenses	$1,730,635	$1,684,662	+0.0%
Net Income	$-321,659	$-312,175	+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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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

$145,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOD GREENFIELD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOE ROBLES JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ZACHARY WEINER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERNIE WONG	SECRETARY	1.00	Officer Director	$0	$0	$0
WINSTON WHITE	TREASURER	1.00	Officer Director	$0	$0	$0
GINA ARGENTO	MEMBER	1.00	Director	$0	$0	$0
NAOMI COOPER	MEMBER	1.00	Director	$0	$0	$0
JEN DURBIN	MEMBER	1.00	Director	$0	$0	$0
TAYLOR ERKKINEN	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE GITLIN	MEMBER	1.00	Director	$0	$0	$0
GRADY LAIRD	MEMBER	1.00	Director	$0	$0	$0
LUCKY LEE	MEMBER	1.00	Director	$0	$0	$0
JOSE LEON	MEMBER	1.00	Director	$0	$0	$0
DEAN MORELLI	MEMBER	1.00	Director	$0	$0	$0
RANIA SEDHOM	MEMBER	1.00	Director	$0	$0	$0
DANIEL SKLAAR	MEMBER	1.00	Director	$0	$0	$0
SANDY WEINER	MEMBER	1.00	Director	$0	$0	$0
LEAH ARCHIBALD	EXECUTIVE DIRECTOR	35.00	Officer	$142,698	$3,063	$145,761

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
2024	$1,408,976	$1,730,635	$11,865,785	$-321,659
2023	$1,372,487	$1,684,662	$12,499,878	$-312,175
2022	$1,794,685	$1,285,460	$12,307,218	$509,225
2021	$5,882,362	$1,069,852	$12,491,258	$4,812,510
2020	$744,887	$1,017,528	$10,896,551	$-272,641
2019	$825,225	$1,068,364	$10,553,044	$-243,139
2018	$868,248	$1,155,462	$5,880,740	$-287,214

EVERGREEN INC YOUR NORTH BROOKLYN BUSINESS EXCHANGE