Hellgate Management Corporation (EIN 132985574) - 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

1979

Legal Domicile

Principal Officer

LYMARIS ALBORIS

Phone

2124107707

Tax Period

2023-01-01 to 2023-12-31

Hellgate Management Corporation, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $335K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $419K exceeded revenue, resulting in a 25% operating deficit.

Mission

HELLGATE MANAGEMENT HAS DEVELOPED AND CREATED PLANS, PROJECTS, AND ACTIVITIES TO ELIMINATE THE ABANDONMENT OF HOUSING STOCK IN EAST HARLEM. THE ORGANIZATION HAS ALSO HELPED TO

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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 $93,884

Program Service Revenue $240,644

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,163

Fundraising Expenses $0

Program Expenses $326,696

Other Expenses $306,305

TOTAL EXPENSES $419,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$334,528	$416,070	-0.2%
Expenses	$419,468	$385,037	+0.1%
Net Income	$-84,940	$31,033	-3.7%

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

N/A

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

$2,960,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAUL RASSI	PRESIDENT	1.0	Officer	$0	$70,634	$980,006
LYMARIS ALBORIS	CHIEF EXECUTIVE OFFICER	1.0	Officer	$0	$39,079	$842,965
JOSE A RODRIGUEZ	CHIEF LEGAL OFFICER/EXEC VP	1.0	Officer	$0	$37,084	$639,637
VICKY GATELL	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$42,707	$497,576
KALEB H SANCHEZ ESQ	CHAIR	1.0	Officer Director	$0	$0	$0
ANGEL AUDIFFRED	VICE CHAIR	1.0	Officer Director	$0	$0	$0
ANTHONY RIVERA	SECRETARY	1.0	Officer Director	$0	$0	$0
WILFRED RENTA	TREASURER	1.0	Officer Director	$0	$0	$0
ANGEL CRUZ ESQ	BOARD MEMBER	1.0	Director	$0	$0	$0
DEBORAH QUINONES	BOARD 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	$334,528	$419,468	$448,167	$-84,940
2022	$416,070	$385,037	$451,370	$31,033

Hellgate Management Corporation