BRONX REALTY ADVISORY BOARD INC (EIN 131699461) - 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

1946

Legal Domicile

Principal Officer

KRISTEN DUNCAN

Phone

9142249348

Tax Period

2022-11-01 to 2023-10-31

BRONX REALTY ADVISORY BOARD INC, founded in 1946, is a small nonprofit that reported $149K in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $195K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE LEGAL SERVICES TO OWNERS OF CO-OPS AND RENTAL BUILDINGS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $125,687

Investment Income $22,889

Other Revenue $0

TOTAL REVENUE $148,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,848

Fundraising Expenses $0

Other Expenses $54,121

TOTAL EXPENSES $194,969

Year-over-Year Comparison

	2022	2021	Change
Revenue	$148,576	$261,959	-0.4%
Expenses	$194,969	$205,858	-0.1%
Net Income	$-46,393	$56,101	-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

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

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

$114,022

Total Directors

$35,012

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SCHUR	PRESIDENT	5.00	Officer Director	$35,012	$0	$35,012
MATTHEW ENGEL	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW SCHMELZER	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARTHUR MELTSER	THIRD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL LAUB	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
JAMES COLEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT ROSENBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD BLASER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN BLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DIAMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ENGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH KOPPEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LIPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHMELZER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SHEEHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN WASSERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE ZHITKOV	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL BORENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD GOODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN DUNCAN	EXECUTIVE DIRECTOR	40.00	Officer	$79,010	$0	$79,010

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
2023	$148,576	$194,969	$416,355	$-46,393
2022	$261,959	$205,858	$480,653	$56,101
2021	$239,490	$183,800	$524,535	$55,690
2020	$200,542	$195,708	$470,896	$4,834
2019	$272,940	$241,762	$589,291	$31,178
2018	$285,237	$251,452	$506,258	$33,785

BRONX REALTY ADVISORY BOARD INC