HARLEM RESTORATION PROJECT INC (EIN 132902791) - 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

2015

Legal Domicile

Principal Officer

RICKY JONES

Phone

2126628186

Tax Period

2024-07-01 to 2025-06-30

HARLEM RESTORATION PROJECT INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 14% operating deficit.

Mission

AFFORDABLE HOUSING AND SOCIAL SERVICES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $175,329

Investment Income $1

Other Revenue $0

TOTAL REVENUE $175,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,776

Fundraising Expenses $0

Program Expenses $199,824

Other Expenses $10,053

TOTAL EXPENSES $199,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,330	$196,261	-0.1%
Expenses	$199,829	$199,683	+0.0%
Net Income	$-24,499	$-3,422	+6.2%

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

N/A

Employees

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

Total Directors

Key Employees

$40,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKY JONES	EXE DIR	35	Key Emp	$40,000	$0	$40,000
JOSEPH	KELLY	5	Director	$0	$0	$0
DR CARL MAZZA	SECRETARY	5	Director	$0	$0	$0
KEN MORRISON	MEMBER	5	Director	$0	$0	$0
R RAYFORD	MEMBER	5	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
2025	$175,330	$199,829	$4,440	$-24,499
2024	$196,261	$199,683	$1,140	$-3,422
2023	$185,616	$186,307	$4,562	$-691
2022	$195,509	$191,793	$5,784	$3,716
2021	$179,588	$191,397	$7,742	$-11,809
2020	$211,964	$205,526	$18,978	$6,438
2019	$113,913	$231,240	$23,380	$-117,327

HARLEM RESTORATION PROJECT INC