VWE PROPERTIES CORP

EIN: 113485165 501(c)(3) Health Care

JAMAICA, NY

Total Revenue
$2,709,701
Total Expenses
$1,896,461
Total Assets
$5,562,593
Net Assets
$-7,218,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
MOUNIR F DOSS
Phone
7182068081
Tax Period
2023-01-01 to 2023-12-31

VWE PROPERTIES CORP, founded in 1999, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $813K, a strong 30% operating margin.

Mission

PROVIDE PARKING FACILITIES FOR THE BENEFIT OF JAMAICA HOSPITAL AND THE JAMAICA HOSPITAL NURSING HOME.

Program Service Accomplishments

Program 1
Expenses: $1,818,663 Revenue: $2,666,634

OPERATION OF VARIOUS PARKING FACILITIES FOR THE BENEFIT OF JAMAICA HOSPITAL AND THE JAMAICA HOSPITAL NURSING HOME.

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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 $2,636,980
Investment Income $43,067
Other Revenue $29,654
TOTAL REVENUE $2,709,701

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,818,663
Other Expenses $1,896,461
TOTAL EXPENSES $1,896,461

Year-over-Year Comparison

2023 2022 Change
Revenue $2,709,701 $2,353,271 +0.2%
Expenses $1,896,461 $1,972,014 0.0%
Net Income $813,240 $381,257 +1.1%
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
2
Independent Members
N/A
Employees
N/A
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
2
$4,935,259
Total Directors
2
$4,935,259
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE FLANZ PRESIDENT & CEO 2.50
Officer Director
$0 $62,218 $3,039,589
MOUNIR F DOSS EXECUTIVE VP & CFO 2.50
Officer Director
$0 $62,218 $1,895,670
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 $2,709,701 $1,896,461 $5,562,593 $813,240
2022 $2,353,271 $1,972,014 $6,103,181 $381,257
2021 $2,322,346 $2,017,556 $6,633,797 $304,790
2020 $2,136,412 $2,143,410 $6,978,692 $-6,998
2019 $2,448,492 $2,130,827 $7,493,528 $317,665
2018 $2,521,577 $2,198,818 $7,608,684 $322,759
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