163RD STREET IMPROVEMENT COUNCIL INC

EIN: 132564957 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$8,215,787
Total Expenses
$8,334,361
Total Assets
$19,117,235
Net Assets
$10,963,241
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
NANCY PASCAL
Phone
7186206007
Tax Period
2022-07-01 to 2023-06-30

163RD STREET IMPROVEMENT COUNCIL INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $8.2M in total revenue in fiscal year 2022. Revenue surged 182% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PROVIDES HOUSING FOR LOW INCOME FAMILIES, SPECIAL NEEDS INDIVIDUALS, TENANT PLACEMENT AND NEIGHBORHOOD STABILIZATION.

Program Service Accomplishments

Program 1
Expenses: $955,948 Revenue: $0

The Ogden Avenue Residence - Is a single room occupancy supported housing program. The residence houses single adults in forty (40) sanitary, safe and fully furnished studio apartments. The residence...

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The Ogden Avenue Residence - Is a single room occupancy supported housing program. The residence houses single adults in forty (40) sanitary, safe and fully furnished studio apartments. The residence is elevator equipped and has a laundry room on the premises. It is accesible to public transportation, supportive services and community resources. Internal support services available to residents/participants include vocational, substance abuse, health and nutitional couseling, case management and recreational services. Further, an array of external services is available to the residents/participants through the Organization's off-site referral network.

Program 2
Expenses: $1,368,687 Revenue: $0

The Veralyne Hamilton Residence - This 60-unit congergate care facility houses men and women received by referrals. The program provides a continuum of care for living with various challenges. That...

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The Veralyne Hamilton Residence - This 60-unit congergate care facility houses men and women received by referrals. The program provides a continuum of care for living with various challenges. That continuum includes supportive services, case management, and substance abuse, mental health, nutrition and health counseling.

Program 3
Expenses: $1,114,532 Revenue: $0

Flossie Wilson Residence - This 45-unit housing program provides residential services that support and assist individuals in integrating with the community. Rehabilitative in nature, the program...

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Flossie Wilson Residence - This 45-unit housing program provides residential services that support and assist individuals in integrating with the community. Rehabilitative in nature, the program engages residents in services consisent with their desire, tolerance, and capacity to participate. It provides 24-hour on-site staff coverage and is designed to enable residents to live as independently as possible in a stable community-based housing environment. Services offered both on-site and off-site include: Substance Abuse Counseling, Case Management, Entitlement Advocacy, Medication Managment, Dental Care, Mental Health Treatment, Home Care Services, Peer Empowerment, and much more. Like all our residences, Flossie Wilson is elevator equipped, with on-site kitchen, laundry and community rooms.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,426,678
Program Service Revenue $780,096
Investment Income $28
Other Revenue $8,985
TOTAL REVENUE $8,215,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,707,087
Fundraising Expenses $0
Program Expenses $7,355,403
Other Expenses $4,627,274
TOTAL EXPENSES $8,334,361

Year-over-Year Comparison

2022 2021 Change
Revenue $8,215,787 $2,913,841 +1.8%
Expenses $8,334,361 $3,699,625 +1.3%
Net Income $-118,574 $-785,784 -0.8%
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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Governance

Voting Members
7
Independent Members
7
Employees
62
Volunteers
7

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
3
$168,819
Total Directors
7
$0
Key Employees
1
$168,819
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD WILEY CHAIRMAN 2.00
Director
$0 $0 $0
MICHAEL BRYANT TREASURER 2.00
Officer Director
$0 $0 $0
MARIA PATTERSON SECRETARY 2.00
Officer Director
$0 $0 $0
CHRSTIAN CORTES DIRECTOR 2.00
Director
$0 $0 $0
WINIFRED BAMA DIRECTOR 2.00
Director
$0 $0 $0
OSVALDO PENA DIRECTOR 2.00
Director
$0 $0 $0
LILLIAN PETTIWAY DIRECTOR 2.00
Director
$0 $0 $0
CASSANDRA PERRY EXECUTIVE DIRECTOR 2.00
Officer Key Emp Highest
$133,033 $35,786 $168,819
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
2025 No data No data No data No data
2024 No data No data No data No data
2024 No data No data No data No data
2023 $8,215,787 $8,334,361 $19,117,235 $-118,574
2023 $7,577,686 $7,874,158 $10,197,441 $-296,472
2022 $4,043,174 $4,232,000 $17,033,569 $-188,826
2021 $3,786,690 $4,182,367 $17,230,284 $-395,677
2020 $3,580,745 $3,750,076 $17,004,371 $-169,331
2019 $3,412,423 $3,649,065 $16,998,156 $-236,642
2018 $3,359,027 $3,652,056 $17,146,443 $-293,029
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