BOROUGH DEVELOPMENT GROUP (EIN 113243580) - 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

1994

Legal Domicile

Principal Officer

MAURICE REID

Phone

7184853137

Tax Period

2024-01-01 to 2024-12-31

BOROUGH DEVELOPMENT GROUP, founded in 1994, is a small nonprofit in the Health Care sector that reported $373K in total revenue in fiscal year 2024. Expenses of $343K left a modest 8% surplus.

Mission

THE ORGANIZATION WAS FORMED TO ASSIST IN COMMUNITY HEALTH PLANNING FOR MEDICALLY UNDERSERVED AREAS OF THE CITY OF NEW YORK IN ORDER TO FACILITATE THE EFFECTIVE ORGANIZATION, DEVELOPMENT, FINANCING AND OPERATION IN THOSE COMMUNITIES OF MEDICAL CLINICS AND OTHER PROVIDERS OF PRIMARY AND OTHER ESSENTIAL HEALTH CARE TO LOW-INCOME AND NEEDY COMMUNITY RESIDENTS.

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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 $0

Program Service Revenue $372,053

Investment Income $1,028

Other Revenue $0

TOTAL REVENUE $373,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $320,993

Other Expenses $342,952

TOTAL EXPENSES $342,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$373,081	$369,315	+0.0%
Expenses	$342,952	$315,547	+0.1%
Net Income	$30,129	$53,768	-0.4%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE REID	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL F CHANDLER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL J ACINAPURA	TREASURER	1.00	Officer Director	$0	$0	$0
WALTER CAMPBELL	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFREY DUNSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS G GILES	BOARD MEMBER	1.00	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
2024	$373,081	$342,952	$2,183,545	$30,129
2023	$369,315	$315,547	$2,144,314	$53,768
2022	$368,887	$274,625	$2,146,615	$94,262
2021	$368,784	$250,408	$2,081,610	$118,376
2020	$368,436	$236,985	$2,010,311	$131,451
2019	$377,691	$260,976	$1,967,179	$116,715
2018	$405,368	$254,438	$1,881,732	$150,930

BOROUGH DEVELOPMENT GROUP