CIDNY - INDEPENDENT LIVING SERVICES INC

EIN: 133028816 501(c)(3) Community Improvement

BROOKLYN, NY

Total Revenue
$9,019,479
Total Expenses
$8,286,662
Total Assets
$10,581,210
Net Assets
$10,139,095
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Phone
2122545000
Tax Period
2024-07-01 to 2025-06-30

CIDNY - INDEPENDENT LIVING SERVICES INC, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $9.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $8.3M left a modest 8% surplus.

Mission

HOME CARE SERVICES (UNDER CONTRACT WITH VARIOUS MCO ORGANIZATIONS)

Program Service Accomplishments

Program 1
Expenses: $7,065,875 Revenue: $9,019,479

THE ORGANIZATION PROVIDES HOME CARE SERVICES FOR DISABLED AND ELDERLY CITIZENS OF NEW YORK CITY UNDER CONTRACT WITH VARIOUS MANAGED CARE ORGANIZATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,672,913
Investment Income $346,566
Other Revenue $0
TOTAL REVENUE $9,019,479

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,561,450
Fundraising Expenses $0
Program Expenses $7,065,875
Other Expenses $725,212
TOTAL EXPENSES $8,286,662

Year-over-Year Comparison

2024 2023 Change
Revenue $9,019,479 $9,798,422 -0.1%
Expenses $8,286,662 $9,429,108 -0.1%
Net Income $732,817 $369,314 +1.0%
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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Governance

Voting Members
3
Independent Members
3
Employees
204
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
4
$103,350
Total Directors
3
$0
Key Employees
1
$103,350
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE PODOKSHIK DIRECTOR/PRESIDENT 6.50
Officer Director
$0 $0 $0
ANDREA ARZT DIRECTOR/VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JEANNETTE GOLDSTEIN DIRECTOR/SECRETARY 1.00
Officer Director
$0 $0 $0
KEN BLOCK MANAGING DIRECTOR 35.00
Officer Key Emp
$103,350 $0 $103,350
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 $9,019,479 $8,286,662 $10,581,210 $732,817
2024 $9,559,683 $9,429,108 $9,918,952 $130,575
2023 $9,722,111 $9,658,855 $9,835,383 $63,256
2022 $12,076,864 $11,398,584 $10,142,000 $678,280
2021 $12,474,702 $12,275,174 $9,867,599 $199,528
2019 $15,860,957 $14,632,306 $6,466,103 $1,228,651
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