NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CNYC INC (COUNCIL OF NEW YORK COOPERATIVES & CONDOMINIUMS), founded in 1976, is a small nonprofit that reported $486K in total revenue in fiscal year 2023. Expenses of $571K exceeded revenue, resulting in a 17% operating deficit.
SUPPORT HOUSING COOPERATIVES AND CONDOMINIUMS
A. IN 2023, CNYC CONTINUED TO CONDUCT ALL MEETINGS INCLUDING ITS ANNUAL CONFERENCE VIA ZOOM. B. EFFORTS CONTINUED TO FOCUS ON BRINGING BACK LAPSED MEMBERSHIPS AND ON ADVOCACY FOR IMPROVEMENT IN...
A. IN 2023, CNYC CONTINUED TO CONDUCT ALL MEETINGS INCLUDING ITS ANNUAL CONFERENCE VIA ZOOM. B. EFFORTS CONTINUED TO FOCUS ON BRINGING BACK LAPSED MEMBERSHIPS AND ON ADVOCACY FOR IMPROVEMENT IN PROPERTY TAX LAW, ENERGY AND CARBON REDUCTION REGULATIONS, ETC, TO PROTECT THE INTERESTS AND NEEDS OF HOUSING COOPERATIVES AND CONDOMINIUMS. MANY ONLINE EDUCATIONAL EVENTS WERE OFFERED AND REGULAR COMMUNICATION WITH MEMBERS CONTINUED TO TAKE THE PRIMARY FORM OF FREQUENT E-BLASTS, WITH NOTICES SUBSEQUENTLY POSTED ON THE CNYC WEBSITE.
C. DESPITE CNYC'S EFFORTS MEMBERSHIP REMAINED STAGNANT, WITH ONLY 960 COOPERATIVES AND CONDOMINIUMS PAYING DUES BY THE END OF THE YEAR. THIS INCLUDES 23 NEW MEMBERS. 64 PROFESSIONALS RENEWED THEIR...
C. DESPITE CNYC'S EFFORTS MEMBERSHIP REMAINED STAGNANT, WITH ONLY 960 COOPERATIVES AND CONDOMINIUMS PAYING DUES BY THE END OF THE YEAR. THIS INCLUDES 23 NEW MEMBERS. 64 PROFESSIONALS RENEWED THEIR AFFILIATION WITH THE COUNCIL AND 2 NEW PROFESSIONALS JOINED IN 2023. THEY ALL RECEIVED CNYC NOTICES AND PUBLICATIONS, INCLUDING THE COMPARATIVE STUDY OF 2021 OPERATING COST, AND WERE ABLE TO AVAIL THEMSELVES OF THE BENEFITS OF THE ORGANIZATION AT NO COST OR AT SPECIAL MEMBER AND AFFILIATE RATES. SINCE 2017, MEMBERSHIP IN THE NATIONAL ASSOCIATION OF HOUSING COOPERATIVES (NAHC) HAS BEEN MANDATORY FOR CNYC MEMBERS, GIVING ALL CNYC MEMBERS FULL MEMBERSHIP RIGHTS AT NAHC, WHOSE ADVOCACY FUNCTION WITH THE FEDERAL GOVERNMENT IS VERY IMPORTANT TO CNYC.
D. ON SUNDAY, NOVEMBER 12TH, CNYC HELD ITS 43RD ANNUAL HOUSING CONFERENCE AS AN ALL-VIRTUAL EVENT. CNYC OFFERED 42 CLASSES IN THREE TIME FRAMES PLUS A PLENARY SESSION IN THE MIDDLE OF THE DAY. 68...
D. ON SUNDAY, NOVEMBER 12TH, CNYC HELD ITS 43RD ANNUAL HOUSING CONFERENCE AS AN ALL-VIRTUAL EVENT. CNYC OFFERED 42 CLASSES IN THREE TIME FRAMES PLUS A PLENARY SESSION IN THE MIDDLE OF THE DAY. 68 KNOWLEDGEABLE VOLUNTEER SPEAKERS SHARED THEIR EXPERTISE WITH 321 CONFERENCE REGISTRANTS, AND IN THE PLENARY SESSION, NYC CHIEF SUSTAINABILITY OFFICER ROHIT AGGARWALA SENT A RECORDED MESSAGE TO PARTICIPANTS AND ENERGY EXPERTS FROM THE NEW YORK STATE ENERGY RESEARCH & DEVELOPMENT AUTHORITY MADE PRESENTATIONS AS DID CITY COUNCIL MEMBER GALE BREWER AND SEVERAL CNYC LEADERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $486,356 | $484,441 | +0.0% |
| Expenses | $570,617 | $495,503 | +0.2% |
| Net Income | $-84,261 | $-11,062 | +6.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STUART M SAFT | CHAIRMAN | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| ARTHUR I WEINSTEIN | VICE PRESIDENT | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL WOLFE | TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER VARSALONA | PRESIDENT | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY FISCHER | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MARLEEN LEVI | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| ROBERT POLLACK | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| ELYSE WALDINGER | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DEREK JONES | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| ED YAKER | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| KEVIN CRUICKSHANK | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| MARC LUXEMBURG | PRESIDENT EMERITUS | 0.00 |
Officer
|
$0 | $0 | $0 |
| MARY ANN ROTHMAN | SEC'Y/EXEC DIR | 60.00 |
Officer
|
$109,200 | $0 | $109,200 |
| MARK B SHERNICOFF | ASSISTANT TREASURER | 0.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $486,356 | $570,617 | $110,790 | $-84,261 |
| 2022 | $484,441 | $495,503 | $198,725 | $-11,062 |
| 2021 | $488,836 | $483,264 | $213,962 | $5,572 |
| 2020 | $454,500 | $491,443 | $211,030 | $-36,943 |
| 2019 | $503,895 | $499,178 | $98,571 | $4,717 |
| 2018 | $484,168 | $541,147 | $93,854 | $-56,979 |
Compare CNYC INC (COUNCIL OF NEW YORK COOPERATIVES & CONDOMINIUMS) with other nonprofits in New York and across the country.