PARKSIDE COMMUNITY ASSOCIATION OF … - 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

1963

Legal Domicile

Principal Officer

ALEC HERBERT

Phone

7168381240

Tax Period

2025-01-01 to 2025-12-31

PARKSIDE COMMUNITY ASSOCIATION OF BUFFALO INC, founded in 1963, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $71K in total revenue in fiscal year 2025.

Mission

PROMOTE COMMUNITY UNITY AS WELL AS COMMUNITY PROJECTS AIMED AT BEAUTIFYING THE AREA AND UNIFYING THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $35,441

COMMUNITY PROJECTS INCLUDING LANDSCAPING, SOCIAL GATHERINGS, COMMUNITY OUTREACH, ETC. AIMED AT BEAUTIFYING THE PARKSIDE COMMUNITY AREA AND UNIFYING A RACIALLY MIXED COMMUNITY. ALSO INCLUDES...

COMMUNITY PROJECTS INCLUDING LANDSCAPING, SOCIAL GATHERINGS, COMMUNITY OUTREACH, ETC. AIMED AT BEAUTIFYING THE PARKSIDE COMMUNITY AREA AND UNIFYING A RACIALLY MIXED COMMUNITY. ALSO INCLUDES MEMBERSHIP COSTS.

Program 2

AGING IN PLACE PROGRAM TO ADDRESS THE HOUSING NEEDS OF AREA SENIOR CITIZENS INCLUDING INSTALLATION OF SMOKE/CO2 DETECTORS, PROMOTION OF EXTERIOR LIGHTING PROJECTS, SNOW CLEARANCE, AND PROMOTION OF...

AGING IN PLACE PROGRAM TO ADDRESS THE HOUSING NEEDS OF AREA SENIOR CITIZENS INCLUDING INSTALLATION OF SMOKE/CO2 DETECTORS, PROMOTION OF EXTERIOR LIGHTING PROJECTS, SNOW CLEARANCE, AND PROMOTION OF FOOD DISTRIBUTION 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 (2025)

Revenue Breakdown

Contributions & Grants $55,243

Program Service Revenue $0

Investment Income $37

Other Revenue $16,110

TOTAL REVENUE $71,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,331

Fundraising Expenses $12,889

Program Expenses $35,441

Other Expenses $51,348

TOTAL EXPENSES $73,679

Year-over-Year Comparison

	2025	2024	Change
Revenue	$71,390	$66,606	+0.1%
Expenses	$73,679	$85,767	-0.1%
Net Income	$-2,289	$-19,161	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ALEC HERBERT	TREASURER	Officer Director	$0	$0	$0
LAURIE OUSLEY	SECRETARY	Officer Director	$0	$0	$0
BRADEN PRITCHARD	PRESIDENT	Officer Director	$0	$0	$0
JONATHAN GORCZYCA	DIRECTOR	Director	$0	$0	$0
DAVID BOLZ	VICE PRESIDENT	Officer Director	$0	$0	$0
RICH WOLF	DIRECTOR	Director	$0	$0	$0
LISA SMITH	DIRECTOR	Director	$0	$0	$0
CODY ADAIR	DIRECTOR	Director	$0	$0	$0
CINDY NOSTRO	DIRECTOR	Director	$0	$0	$0
JASON RAINWATER	VICE PRESIDENT	Officer Director	$0	$0	$0
MITCH FRANCEMONE	ASSISTANT TREASURER	Officer Director	$0	$0	$0
CAITLIN DEWY	DIRECTOR	Director	$0	$0	$0
ALEX NOWICKI	DIRECTOR	Director	$0	$0	$0
TAURI ODUMOSU	DIRECTOR	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	$71,390	$73,679	$125,464	$-2,289
2024	$66,606	$85,767	$127,077	$-19,161
2023	$69,360	$63,381	$146,865	$5,979
2022	$47,350	$69,090	$141,072	$-21,740
2021	$58,213	$58,225	$165,578	$-12
2020	$36,629	$66,132	$165,964	$-29,503
2019	$46,899	$61,021	$171,067	$-14,122
2018	$68,219	$80,694	$185,571	$-12,475

PARKSIDE COMMUNITY ASSOCIATION OF BUFFALO INC