Central Astoria Local Development Coalition Inc

EIN: 112652331 501(c)(3)

Astoria, NY

Total Revenue
$842,895
Total Expenses
$745,710
Total Assets
$1,052,440
Net Assets
$1,021,001
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
Marie Torniali
Phone
7187287820
Tax Period
2024-07-01 to 2025-06-30

Central Astoria Local Development Coalition Inc, founded in 1979, is a small nonprofit that reported $843K in total revenue in fiscal year 2024. Expenses of $746K left a modest 12% surplus.

Mission

The Organization is to provide cultural enrichment, economic development and housing preservation for the community of Astoria.

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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 (2024)

Revenue Breakdown

Contributions & Grants $541,014
Program Service Revenue $110,250
Investment Income $15,102
Other Revenue $176,529
TOTAL REVENUE $842,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $435,352
Fundraising Expenses $22,336
Program Expenses $653,713
Other Expenses $310,358
TOTAL EXPENSES $745,710

Year-over-Year Comparison

2024 2023 Change
Revenue $842,895 $784,917 +0.1%
Expenses $745,710 $762,795 0.0%
Net Income $97,185 $22,122 +3.4%
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
12
Independent Members
12
Employees
8
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
1
$109,558
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marie Torniali Executive Director 30.00
Officer
$109,558 $0 $109,558
George L Stamatiades President 0.50
Director
$0 $0 $0
Tony Barsamian Exe Vice President 0.50
Director
$0 $0 $0
Kiki Fleger Treasurer 0.50
Director
$0 $0 $0
Joe Di Pietro Board member 0.50
Director
$0 $0 $0
Frank Miller Board member 0.50
Director
$0 $0 $0
Sharon Cardiz Secretary 0.50
Director
$0 $0 $0
Walter Sanchez Board member 0.50
Director
$0 $0 $0
Tania Broschart Board member 0.50
Director
$0 $0 $0
Swain Weiner Board member 0.50
Director
$0 $0 $0
James Bond Board member 0.50
Director
$0 $0 $0
Gus Hatzidimitriou Board member 0.50
Director
$0 $0 $0
Adina Monokrousos Board member 0.50
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 $842,895 $745,710 $1,052,440 $97,185
2024 $784,917 $762,795 $972,398 $22,122
2023 $633,684 $597,094 $942,808 $36,590
2022 $619,635 $615,668 $907,679 $3,967
2021 $479,189 $527,305 $945,924 $-48,116
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