BUILDING OWNERS AND MANAGERS ASSOC… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

LORI RAPHAEL

Phone

2122393662

Tax Period

2023-01-01 to 2023-12-31

BUILDING OWNERS AND MANAGERS ASSOCIATION OF GREATER NEW YORK INC, founded in 1973, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023.

Mission

TO PROMOTE PROGRAMS AND SERVICES, WHILE SERVING AS A RESOURCE, FOR THE ADVANCEMENT OF THE REAL ESTATE INDUSTRY.

Program Service Accomplishments

Program 1

PINNACLE AWARDS CEREMONY: THE PINNACLE AWARDS CEREMONY RECOGNIZES EXCELLENCE IN THE COMMERCIAL REAL ESTATE INDUSTRY FROM THE INDIVIDUALS WORKING IN THE BUILDINGS TO MAINTAIN THEM TO THE INDIVIDUALS RUNNING THE BUILDINGS OF NEW YORK CITY AS WELL AS RECOGNIZING THE BUILDINGS THEMSELVES FOR SUSTAINABILITY, RENOVATION, EARTH ETC.

Program 2

SPRING/FALL GOLF OUTINGS:THE ANNUAL GOLF OUTING(S) IS A NETWORKING SPORTING EVENT BRINGING TOGETHER MEMBERS FROM ALL OVER THE INDUSTRY.

Program 3

ANNUAL HOLIDAY LUNCHEON:THE ANNUAL HOLIDAY LUNCHEON IS A NETWORKING EVENT IN CELEBRATION OF THE HOLIDAYS, CONTAINING INSTALLMENT OF UPCOMING OFFICERS, PRESENTATION OF EDUCATIONAL SCHOLARSHIPS, AND A...

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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 $2,490,714

Investment Income $29,702

Other Revenue $86,993

TOTAL REVENUE $2,607,409

Expense Breakdown

Grants Paid $12,723

Salaries & Benefits $613,671

Fundraising Expenses $0

Other Expenses $2,024,764

TOTAL EXPENSES $2,651,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,607,409	$2,576,667	+0.0%
Expenses	$2,651,158	$2,519,357	+0.1%
Net Income	$-43,749	$57,310	-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

Volunteers

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

Total Directors

Key Employees

$255,745

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW J DUTHIE	CHAIR	10.00	Officer Director	$0	$0	$0
PATRICK DOLAN	VICE CHAIR	10.00	Officer Director	$0	$0	$0
SHARON HART	TREASURER	10.00	Officer Director	$0	$0	$0
BRIDGET CUNNINGHAM	SECRETARY	10.00	Officer Director	$0	$0	$0
DOMINGO DIAZ	DIRECTOR EFF 01/2023	3.00	Director	$0	$0	$0
EDUARDO FIALLO	DIRECTOR	3.00	Director	$0	$0	$0
DIANE FIELDS	DIRECTOR	3.00	Director	$0	$0	$0
CAROLINE GADALETA	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN HORAN	DIRECTOR EFF 01/2023	3.00	Director	$0	$0	$0
ANDREW HARDY	DIRECTOR	3.00	Director	$0	$0	$0
JAVIER LEZAMIZ	DIRECTOR	3.00	Director	$0	$0	$0
MARK LANDSTROM	DIRECTOR	3.00	Director	$0	$0	$0
NICHOLAS MATHER	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER MASOTTO	DIRECTOR EFF 01/2023	3.00	Director	$0	$0	$0
BRIAN ROTHSCHILD	DIRECTOR EFF 01/2023	3.00	Director	$0	$0	$0
HANI SALAMA	DIRECTOR	3.00	Director	$0	$0	$0
DERMOT SHEA	DIRECTOR	3.00	Director	$0	$0	$0
VICTOR SPIVAK	DIRECTOR EFF 01/2023	3.00	Director	$0	$0	$0
RONALD ZECCARDI	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPH FERDINANDO	DIRECTOR	3.00	Director	$0	$0	$0
LORI RAPHAEL	EXECUTIVE DIRECTOR	40.00	Key Emp	$212,241	$43,504	$255,745
REBECCA PEREZ	DIRECTOR, PROF. DEV. & ADMIN	40.00	Highest	$127,200	$802	$128,002

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	$2,607,409	$2,651,158	$3,632,856	$-43,749
2022	$2,576,667	$2,519,357	$3,947,172	$57,310
2021	$2,303,444	$2,084,433	$3,005,269	$219,011
2020	$1,963,247	$1,882,687	$2,868,570	$80,560
2019	$2,660,615	$2,500,381	$2,775,605	$160,234
2018	$2,368,116	$2,179,076	$2,594,448	$189,040

BUILDING OWNERS AND MANAGERS ASSOCIATION OF GREATER NEW YORK INC