WALSH PARK BENEVOLENT CORPORATION

EIN: 133423802 501(c)(3)

FISHERS ISLAND, NY

Total Revenue
$832,666
Total Expenses
$822,670
Total Assets
$8,925,366
Net Assets
$8,852,872
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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
1980
Legal Domicile
NY
Principal Officer
DAVID CONGDON
Phone
2017601834
Tax Period
2024-01-01 to 2024-12-31

WALSH PARK BENEVOLENT CORPORATION, founded in 1980, is a small nonprofit that reported $833K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $8.9M represent 128 months of operating reserves.

Mission

RENTAL INCOME PROVIDED BY AFFORDABLE HOUSING

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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 $513,952
Program Service Revenue $0
Investment Income $28,746
Other Revenue $289,968
TOTAL REVENUE $832,666

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,679
Fundraising Expenses $0
Program Expenses $710,991
Other Expenses $710,991
TOTAL EXPENSES $822,670

Year-over-Year Comparison

2024 2023 Change
Revenue $832,666 $660,877 +0.3%
Expenses $822,670 $738,578 +0.1%
Net Income $9,996 $-77,701 -1.1%
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

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Governance

Voting Members
N/A
Independent Members
12
Employees
2
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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTAIN ARSENAULT DIRECTOR N/A
Director
$0 $0 $0
DAVID BURNHAM DIRECTOR N/A
Director
$0 $0 $0
ANDREW BURR DIRECTOR N/A
Director
$0 $0 $0
NED CARLSON DIRECTOR N/A
Director
$0 $0 $0
DAVID CONGDON PRESIDENT N/A
Director
$0 $0 $0
GAIL CYPHERD DIRECTOR N/A
Director
$0 $0 $0
TRUDI EDWARDS TREASURER N/A
Officer Director
$0 $0 $0
ELLEN HARVEY DIRECTOR N/A
Director
$0 $0 $0
JEFF MACDONALD DIRECTOR N/A
Director
$0 $0 $0
KARENA RASSER DIRECTOR N/A
Director
$0 $0 $0
MARTIJN RASSER DIRECTOR N/A
Director
$0 $0 $0
JOHN VON STADE DIRECTOR N/A
Director
$0 $0 $0
MATTHEW EDWARDS COMPTROLLER N/A
Officer
$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
2024 $832,666 $822,670 $8,925,366 $9,996
2023 $660,877 $738,578 $8,881,988 $-77,701
2022 $558,688 $650,875 $8,955,602 $-92,187
2022 $558,688 $650,875 $8,955,602 $-92,187
2022 $558,688 $621,889 $8,949,564 $-63,201
2021 $527,897 $665,142 $9,041,391 $-137,245
2021 No data $280,112 $7,883,960 No data
2020 $641,218 $549,877 $9,101,348 $91,341
2019 $2,133,408 $455,127 $9,016,174 $1,678,281
2018 $1,806,917 $406,486 $7,337,505 $1,400,431
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