BRIARWOOD 138-50 REAL ESTATE CORP

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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

2001

Legal Domicile

Principal Officer

WILLIAM SWEENEY

Phone

9292441213

Tax Period

2023-10-01 to 2024-09-30

Mission

THE PURPOSE OF THE REAL ESTATE CORP. IS TO HOLD TITLE TO THE BUILDING LOCATED AT 138-50 QUEENS BOULEVARD, BRIARWOOD, NEW YORK AND TO LEASE OFFICE SPACE FROM THAT BUILDING TO EXEMPT ORGANIZATIONS.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE REAL ESTATE CORP. IS TO HOLD TITLE TO THE BUILDING LOCATED AT 138-50 QUEENS BOULEVARD, BRIARWOOD, NEW YORK AND TO LEASE OFFICE SPACE FROM THAT BUILDING TO EXEMPT ORGANIZATIONS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,400

TOTAL EXPENSES $2,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$2,400	$2,560	-0.1%
Net Income	N/A	$-2,560	N/A

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

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

$2,206,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI AMES	PRESIDENT	70.00	Officer	$0	$47,496	$553,098
JONATHAN S AMES	VICE PRESIDENT	70.00	Officer	$0	$118,875	$426,710
WILLIAM SWEENEY	SECRETARY-TREAS	65.00	Officer	$0	$73,234	$395,391
TROY ANDERSON	TRUSTEE	65.00	Officer	$0	$114,315	$422,845
PETER R DEVITO	TRUSTEE	65.00	Officer	$0	$114,243	$408,525

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	$2,400	$199,816	No data
2023	No data	$2,560	$355,192	No data
2022	$13,439,413	$98,699	$357,752	$13,340,714
2021	$2,616,888	$613,596	$1,182,442	$2,003,292
2020	$1,490,289	$681,174	$1,169,150	$809,115
2019	$1,489,380	$564,183	$1,177,035	$925,197
2018	$1,462,704	$580,608	$1,190,838	$882,096