NORTHFIELD COMMUNITY LDC OF STATEN… - 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

1978

Legal Domicile

Principal Officer

KATHLEEN BIELSA

Phone

7184427351

Tax Period

2023-07-01 to 2024-06-30

NORTHFIELD COMMUNITY LDC OF STATEN ISLAND INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 1365% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 3% surplus.

Mission

THE MISSION OF NORTHFIELD COMMUNITY LOCAL DEVELOPMENT CORPORATION IS TO ENHANCE THE QUALITY OF LIFE WITHIN THE COMMUNITY THROUGH: DEVELOPMENT OF AFFORDABLE HOUSING,REHABILITAION AND IMPROVEMENT OF THE EXISTING HOUSING STOCK, ENERGY CONSERVATION IMPROVEMENTS AND TESTING FOR SAFETY IN BUILDINGS, PROMOTION OF ECONOMIC DEVELOPMENT AND FINANCIAL LITERACY EDUCATION AND SUPPORT OF HOMEBUYERS AND FORECLOSURE PREVENTION EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $1,525,559 Revenue: $153,609

WEATHERIZATION: TO PROVIDE WEATHERIZATION FOR RENTAL AND RESIDENTIAL HOMES OF ELDERLY AND LOW INCOME INDIVIDUALS.

Program 2

Expenses: $1,213,212 Revenue: $66,139

COMMUNITY SERVICES: REDUCE UNEMPLOYMENT TO BETTER AND TO MAINTAIN JOB OPPORTUNITIES AND TO CARRY ON SCIENTIFIC RESEARCH THAT AIDES THE COMMUNITY.

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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 $2,714,487

Program Service Revenue $219,748

Investment Income $155

Other Revenue $14,857

TOTAL REVENUE $2,949,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,349,744

Fundraising Expenses $0

Program Expenses $2,738,771

Other Expenses $1,508,091

TOTAL EXPENSES $2,857,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,949,247	$201,342	+13.6%
Expenses	$2,857,835	$210,323	+12.6%
Net Income	$91,412	$-8,981	-11.2%

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

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

$197,101

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BIELSA	EXECUTIVE DI	35.00	Officer	$92,082	$13,860	$105,942
KATHLEEN SFORZA	DEPUTY EXEC	35.00	Officer	$78,557	$12,602	$91,159
ERIC FELDMANN	DIRECTOR	1.00	Director	$0	$0	$0
MARK LONG	DIRECTOR	1.00	Director	$0	$0	$0
ANJAIL AMEEN-RICE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GIORDANO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH HELFERTY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA DEMARTINIS	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES CONNORS MBA CPA	TREASURER	1.00	Officer Director	$0	$0	$0
CANDACE GONZALEZ	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2024	$2,949,247	$2,857,835	$1,775,528	$91,412
2023	$1,898,705	$1,812,215	$1,162,979	$86,490
2022	$2,043,555	$1,753,169	$972,612	$290,386
2021	$1,466,033	$1,661,191	$1,044,756	$-195,158
2020	$1,549,705	$1,554,399	$797,782	$-4,694
2019	$1,504,703	$1,498,411	$699,815	$6,292
2018	$1,706,279	$1,681,978	$839,727	$24,301

NORTHFIELD COMMUNITY LDC OF STATEN ISLAND INC