RENT STABLIZATION ASSOCIATION OF NYC INC (EIN 132634120) - 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

1970

Legal Domicile

Principal Officer

JOSEPH STRASBURG

Phone

2122149277

Tax Period

2023-01-01 to 2023-12-31

RENT STABLIZATION ASSOCIATION OF NYC INC, founded in 1970, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $9.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

ADVOCATES FOR THE PROPERTY RIGHTS OF ITS MEMBERS (RENT-REGULATED PROPERTY OWNERS IN NEW YORK CITY) THROUGH LEGISLATIVE AND LEGAL ACTION, KEEPS ITS MEMBERSHIP INFORMED ON CRITICAL ISSUES THROUGH ITS NEWSLETTER, SEMINARS, WEBSITE AND OTHER OUTREACH MECHANISMS AND PROVIDES OWNERS WITH SERVICES THEY NEED, EITHER DIRECTLY OR BY REFERRAL, TO MAINTAIN AND OPERATE THEIR PROPERTIES WITHIN LEGAL REQUIREMENTS.

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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 $5,539,404

Investment Income $2,478,126

Other Revenue $51,955

TOTAL REVENUE $8,069,485

Expense Breakdown

Grants Paid $757,116

Salaries & Benefits $3,846,567

Fundraising Expenses $0

Other Expenses $4,389,674

TOTAL EXPENSES $8,993,357

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,069,485	$7,055,322	+0.1%
Expenses	$8,993,357	$9,146,588	0.0%
Net Income	$-923,872	$-2,091,266	-0.6%

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

$1,503,376

Total Directors

Key Employees

$284,847

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON SIRULNICK	CHAIRMAN	0.10	Officer Director	$0	$0	$0
MICHAEL LAUB	SECRETARY	0.10	Officer Director	$0	$0	$0
LENNARD KATZ	TREASURER	0.10	Officer Director	$0	$0	$0
CHRISTOPHER ATHINEOS	DIRECTOR	0.10	Director	$0	$0	$0
JESSICA BARAN	DIRECTOR	0.10	Director	$0	$0	$0
MICHELLE BENGELSDORF	DIRECTOR	0.10	Director	$0	$0	$0
HELEN DANIELS	DIRECTOR	0.10	Director	$0	$0	$0
MARK ENGEL	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW ENGEL	DIRECTOR THRU JUN 2023	0.10	Director	$0	$0	$0
MARIO GAZTAMBIDE	DIRECTOR THRU JUN 2023	0.10	Director	$0	$0	$0
LAWRENCE GLUCK	DIRECTOR THRU SEPT 2023	0.10	Director	$0	$0	$0
ALEXANDER GOLDSTEIN	DIRECTOR	0.10	Director	$0	$0	$0
BRETT GREENBERG	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW HOFFMAN	DIRECTOR THRU JUN 2023	0.10	Director	$0	$0	$0
GARY JACOB	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL KERR	DIRECTOR	0.10	Director	$0	$0	$0
JEFFREY MANOCHERIAN	DIRECTOR	0.10	Director	$0	$0	$0
ROGER MELZER	DIRECTOR	0.10	Director	$0	$0	$0
HOWARD MILSTEIN	DIRECTOR	0.10	Director	$0	$0	$0
MICKEY NAPOLITANO	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT NELSON	DIRECTOR	0.10	Director	$0	$0	$0
ADAM PARKOFF	DIRECTOR	0.10	Director	$0	$0	$0
OSCAR PEREZ	DIRECTOR	0.10	Director	$0	$0	$0
FRANCINE SCHIFF	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW SCHMELZER	DIRECTOR THRU JUN 2023	0.10	Director	$0	$0	$0
WILLIAM SCHUR	DIRECTOR	0.10	Director	$0	$0	$0
JIMMY SILBER	DIRECTOR	0.10	Director	$0	$0	$0
JOANNA WONG	DIRECTOR	0.10	Director	$0	$0	$0
JOSEPH ZITOLO	DIRECTOR	0.10	Director	$0	$0	$0
LAURIE ZUCKER	DIRECTOR	0.10	Director	$0	$0	$0
JOSEPH STRASBURG	PRESIDENT	35.00	Officer	$1,038,951	$96,208	$1,135,159
FRANK RICCI	EXECUTIVE VICE PRESIDENT	35.00	Officer	$315,973	$52,244	$368,217
OLGA SOMERAS	GENERAL COUNSEL	35.00	Key Emp	$252,391	$32,456	$284,847
MARIA AGUAS	CONTROLLER	35.00	Highest	$199,067	$32,688	$231,755
MELODY LEON	ASST. CONTROLLER	35.00	Highest	$178,348	$33,988	$212,336
MICHAEL TOBMAN	MARKETING DIRECTOR	35.00	Highest	$144,701	$40,039	$184,740
KELLY FARRELL	POLICY ANALYST	35.00	Highest	$111,853	$41,143	$152,996

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	$8,069,485	$8,993,357	$59,870,343	$-923,872
2022	$7,055,322	$9,146,588	$57,864,852	$-2,091,266
2021	$9,745,937	$8,439,773	$64,799,880	$1,306,164
2020	$7,362,299	$8,715,227	$61,090,888	$-1,352,928
2019	$8,423,937	$9,094,715	$58,781,639	$-670,778
2018	$8,867,502	$7,724,556	$54,355,984	$1,142,946

RENT STABLIZATION ASSOCIATION OF NYC INC