CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION (EIN 112683663) - 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

1983

Legal Domicile

Principal Officer

MICHELLE NEUGEBAUER

Phone

7186472800

Tax Period

2023-07-01 to 2024-06-30

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION, founded in 1983, is a mid-sized nonprofit in the Community Improvement sector that reported $28.5M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 28% operating margin.

Mission

THE MISSION OF CHLDC IS TO BUILD A STRONG, EQUITABLE EAST NEW YORK BY REVITALIZING THE COMMUNITY.

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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 $27,615,254

Program Service Revenue $1,054,947

Investment Income $51,748

Other Revenue $-244,099

TOTAL REVENUE $28,477,850

Expense Breakdown

Grants Paid $64,896

Salaries & Benefits $15,144,880

Fundraising Expenses $477,616

Program Expenses $17,369,512

Other Expenses $5,357,029

TOTAL EXPENSES $20,566,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,477,850	$18,937,282	+0.5%
Expenses	$20,566,805	$18,171,211	+0.1%
Net Income	$7,911,045	$766,071	+9.3%

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

608

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

$365,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIDAN LANIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXIS SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AMORY SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
FLORENCE CHARLES	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE TORRES	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD GREEN	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
JESSE BRUCE CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISOL QUINONES	SECRETARY	1.00	Officer Director	$0	$0	$0
MELODYE HARVEY	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL LAWES	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIRIAN RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS RUSSO	BOARD MEMBER	1.00	Director	$0	$0	$0
R D GENTZLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANELY MARMOLEJOS	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA STOVALL	BOARD MEMBER	1.00	Director	$0	$0	$0
GAUDI POLANCOMENDOZA	CHIEF FINANCIAL OFFICER	35.00	Officer	$148,434	$6,967	$155,401
MICHELLE NEUGEBAUER	EXECUTIVE DIRECTOR	35.00	Officer	$184,429	$26,125	$210,554
EMILY N VAN INGEN	DEPUTY DIRECTOR	35.00	Highest	$187,593	$31,828	$219,421
ERICA OQUENDO	DIVISION DIRECTOR OF YFS	35.00	Highest	$110,277	$19,627	$129,904
JESSICA BARTOLINI	DIR. OF COMMUNITY DEV./PROJECT MANAGER	35.00	Highest	$116,729	$8,642	$125,371
JOSEPH BROWN III	CHIEF HUMAN RESOURCE OFFICER/DIR. OF FACILITIES	35.00	Highest	$113,715	$29,572	$143,287
TANIA RIVERA	DIRECTOR OF PLANNING AND DEVELOPMENT	35.00	Highest	$106,495	$29,674	$136,169

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	No data	No data	No data	No data
2024	$28,477,850	$20,566,805	$46,680,707	$7,911,045
2023	$18,937,282	$18,171,211	$37,207,760	$766,071
2023	$19,269,176	$18,060,306	$23,769,565	$1,208,870
2022	$19,227,738	$16,361,867	$22,852,372	$2,865,871
2021	$13,804,521	$13,188,403	$17,422,005	$616,118
2021	$16,091,549	$13,376,706	$20,394,898	$2,714,843
2020	$14,908,263	$14,572,786	$17,386,266	$335,477
2019	$15,595,371	$15,570,800	$14,874,210	$24,571
2019	$15,595,371	$15,570,800	$15,733,169	$24,571
2018	$14,643,255	$14,230,161	$15,252,159	$413,094
2018	$14,643,255	$14,230,161	$15,252,159	$413,094

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION