COMMUNITY RESOURCE EXCHANGE INC

EIN: 133048638 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$2,250,493
Total Expenses
$3,404,542
Total Assets
$3,566,811
Net Assets
$3,318,325
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
TILOMA JAYASINGHE
Phone
2128943394
Tax Period
2023-10-01 to 2024-09-30

COMMUNITY RESOURCE EXCHANGE INC, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 51% operating deficit.

Program Service Accomplishments

Program 1
Expenses: $2,817,602 Revenue: $1,354,747

TRANSFORMATIVE CONSULTING FOR NONPROFITS DRIVING SOCIAL CHANGE: WHEN NONPROFITS ARE STUCK OR STRUGGLING TO REACH THEIR POTENTIAL, COMMUNITY RESOURCE EXCHANGE STEPS IN WITH GUIDANCE, TRAINING, AND...

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TRANSFORMATIVE CONSULTING FOR NONPROFITS DRIVING SOCIAL CHANGE: WHEN NONPROFITS ARE STUCK OR STRUGGLING TO REACH THEIR POTENTIAL, COMMUNITY RESOURCE EXCHANGE STEPS IN WITH GUIDANCE, TRAINING, AND ONGOING SUPPORT TO HELP NONPROFITS REACH THEIR MILESTONES AND CO-CREATE IMPACTFUL SOLUTIONS FOR THE COMMUNITIES THEY SERVE. STRATEGY: WE PARTNER WITH OUR CLIENTS TO MOVE TO THE NEXT LEVEL OF GROWTH; MAKE THE CRITICAL SHIFTS IN STRATEGIES THAT CAN TRANSFORM LIVES AND COMMUNITIES; POSITION THEMSELVES TO MAKE KEY DECISIONS ABOUT MERGERS AND STRATEGIC PARTNERSHIPS; PAVE THE WAY FOR INVESTMENT AND DIVESTMENT DECISIONS ABOUT PROGRAMMING. OUR HANDS-ON APPROACH INCLUDES THEORY OF CHANGE, STRATEGIC PLANNING, ALIGNMENT OF MISSION WITH PROGRAMS, AND REAL-TIME PLANNING TO HELP NONPROFITS POSITION THEMSELVES IN TIMES OF GROWTH AND CHANGE. COACHING: HAVING THE RIGHT PEOPLE IN THE RIGHT ROLES IS ESSENTIAL TO A NONPROFIT ORGANIZATION'S GROWTH AND SUCCESS. CRE HELPS NONPROFITS STREAMLINE THE PROCESS OF ATTRACTING, DEVELOPING, AND COACHING NONPROFIT TEAMS SO THAT THEY CAN FOCUS ON DEVELOPING BOLD IDEAS TO BETTER SERVE THEIR COMMUNITIES. PEOPLE AND CULTURE: PEOPLE ARE AT THE HEART OF EVERY ORGANIZATION. IMPACTFUL ORGANIZATIONS HAVE TEAMS THAT ARE CARED FOR AND ARE EFFECTIVE IN THEIR PERFORMANCE. CRE'S PEOPLE & CULTURE ENGAGEMENTS INCLUDE TEAM EFFECTIVENESS, CULTURE CHANGE, AND TRAINING TO SUPPORT TEAMS AND NONPROFIT BOARDS BUILD RELATIONSHIPS, TRANSLATE VALUES INTO ACTION, AND IMPROVE PERFORMANCE. LEADERSHIP AND MANAGEMENT: CRE IS COMMITTED TO SUPPORTING NONPROFIT LEADERS AND THE ORGANIZATIONS THEY FOUNDED, BUILT, AND RUN IN THEIR PURSUIT OF JUSTICE, OPPORTUNITY, AND EQUITY. DEVELOPING LEADERSFROM EMERGING MANAGERS ALL THE WAY TO SEASONED CAREER EXECUTIVE DIRECTORS HAS BEEN A SIGNATURE COMPONENT OF CRE'S CAPACITY BUILDING SUPPORT FOR MORE THAN TWENTY YEARS. IN OUR LEADERSHIP AND MANAGEMENT PROGRAMS, WE STRENGTHEN THE LEADERSHIP CAPABILITIES OF ESTABLISHED AND EMERGING NONPROFIT LEADERS THROUGH INDIVIDUALIZED COACHING AND WITHIN A COHORT-BASED APPROACH DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY: WE BELIEVE THAT WHEN ORGANIZATIONS EMBRACE DEIA AS ORGANIZATIONAL VALUES AND INTENTIONALLY TRANSLATE THEM INTO PRACTICE, ORGANIZATIONAL IMPACT IS STRENGTHENED. CRE PARTNERS WITH OUR CLIENTS TO DESIGN EQUITY IN ORGANIZATIONS BY CONDUCTING ORGANIZATIONAL ASSESSMENTS AND DEVELOPING ACTION PLANS ON VARIOUS ASPECTS OF EQUITY. WE HAVE KICKED OFF A NEW AREA OF WORK AROUND AI BECAUSE WE ASPIRE TO BE A LEADER IN ADVANCING A FUTURE WHERE AI BECOMES A TRANSFORMATIVE FORCE FOR GOOD-MAKING BOTH CRE AND OUR CLIENTS MORE EFFECTIVE, ADAPTABLE, AND RESILIENT. OUR GOAL IS TO HELP THE NONPROFIT SECTOR LEVERAGE AI TO STRENGTHEN OPERATIONS, ENHANCE DECISION-MAKING, AND PROMOTE GREATER EQUITY, SUSTAINABILITY, AND MISSION IMPACT ACROSS THE COMMUNITIES WE SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $824,354
Program Service Revenue $1,350,089
Investment Income $71,392
Other Revenue $4,658
TOTAL REVENUE $2,250,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,810,766
Fundraising Expenses $68,824
Program Expenses $2,817,602
Other Expenses $593,776
TOTAL EXPENSES $3,404,542

Year-over-Year Comparison

2023 2022 Change
Revenue $2,250,493 $3,959,933 -0.4%
Expenses $3,404,542 $3,890,195 -0.1%
Net Income $-1,154,049 $69,738 -17.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
33
Volunteers
11

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
$269,158
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMER S AHMED CHAIR 4.00
Officer Director
$0 $0 $0
LAURIE LESSAGE TREASURER 2.00
Officer Director
$0 $0 $0
BENJAMIN F LORICK SECRETARY 2.00
Officer Director
$0 $0 $0
ZOHRA ZORI CHAIR, DEVELOPMENT 2.00
Director
$0 $0 $0
MARGI BOOTH CHAIR, MARKETING & COMMUNICATIONS 2.00
Director
$0 $0 $0
DIPTY JAIN CHAIR, FINANCE/AUDIT COMMITTEE 2.00
Director
$0 $0 $0
SARA SOLFANELLI VICE CHAIR; CHAIR, HR 2.00
Director
$0 $0 $0
CHANTAL BONITTO DIRECTOR 2.00
Director
$0 $0 $0
SANDY FERNANDEZ DIRECTOR 2.00
Director
$0 $0 $0
HALI LEE DIRECTOR 2.00
Director
$0 $0 $0
JERRY H MARCUS DIRECTOR 2.00
Director
$0 $0 $0
MIRIAM TAI DIRECTOR 2.00
Director
$0 $0 $0
TILOMA JAYASINGHE PRESIDENT AND CEO 40.00
Officer
$230,000 $39,158 $269,158
MELKIS ALVAREZ-BAEZ CHIEF OPERATIING OFFICER 40.00
Highest
$188,019 $10,862 $198,881
GEORGE HSIEH CHIEF PROGRAM OFFICER 40.00
Highest
$187,827 $27,412 $215,239
UNIQUE A BRATHWAITE CHIEF EXTERNAL AFFAIRS OFFICER 40.00
Highest
$159,808 $22,277 $182,085
JEAN LOBELL SENIOR FELLOW 40.00
Highest
$145,044 $20,141 $165,185
JEFFERSON A BALLOW SENIOR FELLOW 40.00
Highest
$150,000 $35,715 $185,715
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 $2,250,493 $3,404,542 $3,566,811 $-1,154,049
2023 $3,959,933 $3,890,195 $4,579,283 $69,738
2022 $4,143,775 $3,958,386 $4,627,434 $185,389
2021 $3,997,508 $3,779,909 $5,552,695 $217,599
2020 $3,527,263 $4,231,160 $4,953,418 $-703,897
2019 $4,448,621 $4,302,071 $5,224,904 $146,550
2018 $5,077,516 $4,117,300 $5,133,100 $960,216
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