MANHATTAN BOWERY MANAGEMENT CORPOR… - 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

1979

Legal Domicile

Principal Officer

ERIC ROSENBAUM

Phone

2126200340

Tax Period

2024-07-01 to 2025-06-30

MANHATTAN BOWERY MANAGEMENT CORPORATION, founded in 1979, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION OPERATES PROGRAMS TO PROVIDE JOB TRAINING AND REHABILITATION FOR PERSONS WITH ALCOHOL AND SUBSTANCE USE HISTORIES, REFERRAL SERVICES, AND HOUSING FOR HOMELESS INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,370,174 Revenue: $1,492,635

PERMANENT HOUSING - THE ORGANIZATION EMPLOYS FORMERLY HOMELESS INDIVIDUALS TO PERFORM PROPERTY MANAGEMENT SERVICES AT VARIOUS PERMANENT HOUSING FACILITIES. PERMANENT HOUSING WAS PROVIDED TO 307...

PERMANENT HOUSING - THE ORGANIZATION EMPLOYS FORMERLY HOMELESS INDIVIDUALS TO PERFORM PROPERTY MANAGEMENT SERVICES AT VARIOUS PERMANENT HOUSING FACILITIES. PERMANENT HOUSING WAS PROVIDED TO 307 RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,487,567

Investment Income $202

Other Revenue $5,068

TOTAL REVENUE $1,492,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,379,474

Fundraising Expenses $0

Program Expenses $1,370,174

Other Expenses $346,864

TOTAL EXPENSES $1,726,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,492,837	$1,856,417	-0.2%
Expenses	$1,726,338	$1,609,920	+0.1%
Net Income	$-233,501	$246,497	-1.9%

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

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

$1,109,592

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL WEISS	TRUSTEE	0.10	Director	$0	$0	$0
JAMES DAVIDSON	CHAIR	0.10	Officer Director	$0	$0	$0
MICHAEL DOHERTY	TRUSTEE	0.10	Director	$0	$0	$0
ERIC ROSENBAUM	PRESIDENT & CEO	0.50	Officer	$0	$42,009	$409,643
GERARD JOSEPH	TREASURER & CFO (AS OF 7/18/24)	0.50	Officer	$0	$0	$138,416
PAUL WOODY	SECRETARY/CHIEF REAL ESTATE OFFICER	0.50	Officer	$0	$56,694	$272,354
STEVEN JONES	TREASURER & CFO (UNTIL 7/5/24)	0.50	Officer	$0	$24,484	$289,179

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	$1,492,837	$1,726,338	$4,068,500	$-233,501
2024	No data	No data	No data	No data
2023	$2,081,962	$1,619,677	$4,053,454	$462,285
2022	$1,769,973	$1,772,669	$3,734,534	$-2,696
2021	$1,718,452	$1,768,328	$3,652,163	$-49,876
2020	$1,741,971	$1,813,928	$3,720,410	$-71,957
2019	$1,734,753	$1,741,905	$3,753,425	$-7,152
2018	$1,603,775	$1,630,776	$3,732,772	$-27,001

MANHATTAN BOWERY MANAGEMENT CORPORATION