NDR GROUP INC (EIN 132988402) - 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

CHARLES DEPASQUALE

Phone

9146337092

Tax Period

2023-01-01 to 2023-12-31

NDR GROUP INC, founded in 1979, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $902K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO OWN, ACQUIRE, CONSTRUCT, LEASE, AND MANAGE AFFORDABLE RESIDENTIAL HOUSING FOR RESIDENTS IN AREAS DESIGNATED BY THE CITY COUNCIL OF THE CITY OF NEW ROCHELLE, NEW YORK.

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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 $0

Program Service Revenue $541,703

Investment Income $66,544

Other Revenue $0

TOTAL REVENUE $608,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,484

Fundraising Expenses $0

Program Expenses $536,665

Other Expenses $170,924

TOTAL EXPENSES $902,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,247	$555,851	+0.1%
Expenses	$902,408	$795,037	+0.1%
Net Income	$-294,161	$-239,186	+0.2%

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

$245,757

Total Directors

$245,757

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM FREEMAN	PRESIDENT	1.00	Director	$0	$0	$0
CHARLES DEPASQUALE	EXECUTIVE VICE PRESIDENT	40.00	Officer Director Highest	$208,762	$36,995	$245,757
WALDO BEST	TREASURER	1.00	Director	$0	$0	$0
MARY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SOLIMINE	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCOTT	EMPLOYEE	40.00	Highest	$147,331	$11,150	$158,481

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	$608,247	$902,408	$18,254,582	$-294,161
2022	$555,851	$795,037	$18,543,211	$-239,186
2021	$4,188,296	$822,800	$18,798,557	$3,365,496
2020	$1,396,151	$1,180,316	$17,361,043	$215,835
2019	$1,188,297	$1,124,979	$17,222,646	$63,318
2018	$1,163,860	$1,133,361	$17,287,401	$30,499

NDR GROUP INC