Structured Employment Economic Development Corporation

EIN: 132875743 501(c)(3) Community Improvement

Bronx, NY

Total Revenue
$6,558,823
Total Expenses
$6,608,420
Total Assets
$2,611,457
Net Assets
$-2,260,903
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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
1976
Legal Domicile
DE
Principal Officer
LYMARIS ALBORS
Phone
3476493083
Tax Period
2023-01-01 to 2023-12-31

Structured Employment Economic Development Corporation, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $6.6M in total revenue in fiscal year 2023.

Mission

TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,171,518
Program Service Revenue $0
Investment Income $96
Other Revenue $387,209
TOTAL REVENUE $6,558,823

Expense Breakdown

Grants Paid $672,764
Salaries & Benefits $3,792,808
Fundraising Expenses $0
Program Expenses $5,458,706
Other Expenses $2,142,848
TOTAL EXPENSES $6,608,420

Year-over-Year Comparison

2023 2022 Change
Revenue $6,558,823 $6,324,471 +0.0%
Expenses $6,608,420 $6,763,930 0.0%
Net Income $-49,597 $-439,459 -0.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
58
Volunteers
5

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
9
$3,176,930
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAUL RASSI PRESIDENT 0.0
Officer
$0 $70,634 $980,006
LYMARIS ALBORS CHIEF EXECUTIVE OFFICER 0.0
Officer
$0 $39,079 $842,965
JOSE A RODRIGUEZ CHIEF LEGAL OFFICER/ EXEC VP 0.0
Officer
$0 $37,084 $639,637
VICKY GATELL CHIEF FINANCIAL OFFICER 0.0
Officer
$0 $42,707 $497,576
KEITH RASMUSSEN INTERIM EXECUTIVE DIRECTOR 35.0
Officer
$207,798 $8,948 $216,746
MARLA SMITH BROWN SENIOR DIRECTOR 35.0
Highest
$118,735 $37,667 $156,402
MARK ROMANINSKY SENIOR DIRECTOR 35.0
Highest
$107,776 $37,229 $145,005
WALTER MACK ESQ CHAIR 1.0
Officer Director
$0 $0 $0
LIZANNE STEPHENSON VICE CHAIR 1.0
Officer Director
$0 $0 $0
ANGEL AUDIFFRED SECRETARY 1.0
Officer Director
$0 $0 $0
WILFRED RENTA TREASURER 1.0
Officer Director
$0 $0 $0
GEORGE A PRUITT MEMBER 1.0
Director
$0 $0 $0
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 $6,558,823 $6,608,420 $2,611,457 $-49,597
2022 $6,324,471 $6,763,930 $4,105,153 $-439,459
2022 $6,324,471 $6,763,930 $4,105,153 $-439,459
2021 $6,983,803 $7,038,481 $3,440,081 $-54,678
2020 $7,509,147 $7,320,347 $2,398,993 $188,800
2019 $7,837,052 $8,058,218 $2,679,953 $-221,166
2019 $7,904,107 $8,010,272 $2,220,740 $-106,165
2018 $7,108,806 $7,205,702 $1,711,898 $-96,896
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