GROUNDWORK HUDSON VALLEY INC

EIN: 113579493 501(c)(3) Philanthropy & Grantmaking

YONKERS, NY

Total Revenue
$1,704,112
Total Expenses
$1,997,027
Total Assets
$1,988,141
Net Assets
$1,557,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
ODED HOLZINGER
Phone
9143752151
Tax Period
2024-01-01 to 2024-12-31

GROUNDWORK HUDSON VALLEY INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

GROUNDWORK HUDSON VALLEY'S MISSION IS TO TRANSFORM URBAN NEIGHBORHOODS THROUGH PARTNERSHIPS THAT INSPIRE YOUNG LEADERS AND SUPPORT LOCAL ECONOMIC DEVELOPMENT.

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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 $1,601,467
Program Service Revenue $72,180
Investment Income $30,078
Other Revenue $387
TOTAL REVENUE $1,704,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,240,378
Fundraising Expenses $311,336
Program Expenses $1,480,852
Other Expenses $686,849
TOTAL EXPENSES $1,997,027

Year-over-Year Comparison

2024 2023 Change
Revenue $1,704,112 $1,756,596 0.0%
Expenses $1,997,027 $1,861,469 +0.1%
Net Income $-292,915 $-104,873 +1.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
69
Volunteers
300

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
5
$152,438
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDY ZIMMERMANN BOARD CHAIR 5.00
Officer Director
$0 $0 $0
NATASHA FAPOHUNDA VICE-CHAIR 0.50
Officer Director
$0 $0 $0
BRIAN CARROLL TREASURER 0.50
Officer Director
$0 $0 $0
ROBERT BARON SECRETARY 0.50
Officer Director
$0 $0 $0
SARAH CARRIER DIRECTOR 0.50
Director
$0 $0 $0
HELEN CRENSHAW DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH CURTO DIRECTOR 0.50
Director
$0 $0 $0
SHERAZADE LANGLADE DIRECTOR 0.50
Director
$0 $0 $0
PAM MICHELS DIRECTOR 0.50
Director
$0 $0 $0
RENEE MILLIGAN DIRECTOR 0.50
Director
$0 $0 $0
JULIA SCHONFELD MD DIRECTOR 0.50
Director
$0 $0 $0
KAREN SCHULLERE DIRECTOR 0.50
Director
$0 $0 $0
STEPHAN SPILKOWITZ DIRECTOR 0.50
Director
$0 $0 $0
SHAKIRA WILSON DIRECTOR 0.50
Director
$0 $0 $0
ODED HOLZINGER EXECUTIVE DIRECTOR 40.00
Officer
$121,090 $31,348 $152,438
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 $1,704,112 $1,997,027 $1,988,141 $-292,915
2023 $1,756,596 $1,861,469 $1,952,104 $-104,873
2022 $1,540,679 $1,822,652 $2,192,370 $-281,973
2021 $2,122,086 $1,511,207 $2,364,123 $610,879
2020 $1,301,073 $1,246,719 $1,668,275 $54,354
2019 $1,538,793 $1,296,473 $1,610,600 $242,320
2018 $2,230,036 $1,616,131 $1,606,630 $613,905
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