GLEN COVE DOWNTOWN DISTRICT

EIN: 113357637 501(c)(3) Community Improvement

GLEN COVE, NY

Total Revenue
$187,258
Total Expenses
$249,091
Total Assets
$100,831
Net Assets
$100,436
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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
1997
Legal Domicile
NY
Principal Officer
JILL NOSSA
Phone
5167596970
Tax Period
2023-01-01 to 2023-12-31

GLEN COVE DOWNTOWN DISTRICT, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $187K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $249K exceeded revenue, resulting in a 33% operating deficit.

Mission

REVITALIZATION AND REBUILDING THE DOWNTOWN GLEN COVE AREA

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $187,094
Investment Income $164
Other Revenue $0
TOTAL REVENUE $187,258

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,941
Fundraising Expenses $0
Program Expenses $217,484
Other Expenses $144,150
TOTAL EXPENSES $249,091

Year-over-Year Comparison

2023 2022 Change
Revenue $187,258 $355,262 -0.5%
Expenses $249,091 $298,606 -0.2%
Net Income $-61,833 $56,656 -2.1%
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

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Governance

Voting Members
15
Independent Members
15
Employees
3
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
$49,984
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL NOSSA DIRECTOR 35.00
Officer
$49,984 $0 $49,984
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 No data No data No data No data
2023 $187,258 $249,091 $100,831 $-61,833
2022 $355,262 $298,606 $167,288 $56,656
2021 $224,267 $201,524 $106,626 $22,743
2020 $191,948 $143,719 $85,762 $48,229
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