KINGSBRIDGE RIVERDALE VAN CORTLAND DEVELOPMENT CO (EIN 133097905) - 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

1981

Legal Domicile

Principal Officer

TRACY MCCABE SHELTON

Phone

7185437100

Tax Period

2022-07-01 to 2023-06-30

KINGSBRIDGE RIVERDALE VAN CORTLAND DEVELOPMENT CO, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $385K in total revenue in fiscal year 2022. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 17% operating margin.

Mission

KRVC IS A BRONX-BASED NOT FOR PROFIT ORGANIZATION FOUNDED IN 1981 TO SERVE THE COMMUNITIES IN THE NORTHWEST BRONX PRODUCING COMMUNITY EVENTS SUCH AS CONCERTS, A COMMUNITY ART SHOW, AND MORE AT 505BX AND AT VARIOUS LOCATIONS AROUND THE BRONX, ALONG WITH SUPPORTING SMALL BUSINESSES IN OUR AREA AND BEAUTIFICATION INITIATIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $384,648

Program Service Revenue $0

Investment Income $5

Other Revenue $0

TOTAL REVENUE $384,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,738

Fundraising Expenses $0

Program Expenses $240,883

Other Expenses $193,769

TOTAL EXPENSES $317,507

Year-over-Year Comparison

	2022	2021	Change
Revenue	$384,653	$211,241	+0.8%
Expenses	$317,507	$223,247	+0.4%
Net Income	$67,146	$-12,006	-6.6%

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

$37,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERHI EDWARDS	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
MEGO GOJKA	DIRECTOR/SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TRACY MCCABE SHELTON	EXECUTIVE DIRECTOR	35.00	Officer	$37,668	$0	$37,668
PETR STAND	DIRECTOR	1.00	Director	$0	$0	$0
JERALD KREPPEL	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO KROSS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HIRLEHEY	DIRECTOR	1.00	Director	$0	$0	$0
LEN MORSE	DIRECTOR	1.00	Director	$0	$0	$0
SOKOL DELAJ	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$384,653	$317,507	$74,593	$67,146
2022	$211,241	$223,247	$29,604	$-12,006
2020	$268,302	$255,188	$52,558	$13,114
2019	$329,718	$373,031	$41,135	$-43,313
2018	$478,671	$420,217	$149,496	$58,454

KINGSBRIDGE RIVERDALE VAN CORTLAND DEVELOPMENT CO