HARLEM CONGREGATIONS FOR COMMUNITY IMPROVEMENT INC (EIN 133516262) - 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

1988

Legal Domicile

Principal Officer

MALCOLM A PUNTER

Phone

2122814887

Tax Period

2024-07-01 to 2025-06-30

HARLEM CONGREGATIONS FOR COMMUNITY IMPROVEMENT INC, founded in 1988, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $4.1M left a modest 11% surplus.

Mission

TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES AND EMPOWERMENT OF HARLEM RESIDENTS REBUILD THEIR COMMUNITY. THE GOALS ARE AFFORDABLE RENTAL HOUSING AND OWNERSHIP, JOB TRAINING, COMMUNITY YOUTH PROGRAMMING.

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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 $2,977,304

Program Service Revenue $1,593,999

Investment Income $0

Other Revenue $59,922

TOTAL REVENUE $4,631,225

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $2,088,508

Fundraising Expenses $126,609

Program Expenses $3,317,457

Other Expenses $2,026,065

TOTAL EXPENSES $4,115,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,631,225	$5,980,088	-0.2%
Expenses	$4,115,573	$4,191,655	0.0%
Net Income	$515,652	$1,788,433	-0.7%

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

$323,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DR KEITH W ROBERSON I	CHAIR	2.00	Officer Director	$0	$0	$0
REV NIGEL PEARCE D MIN	FIRST VICE CHAIR	0.50	Officer Director	$0	$0	$0
MR GEORGE H WELDON JR	SECOND VICE CHAIR	0.50	Officer Director	$0	$0	$0
REV SHEPHERD LEE SR M DIV	THIRD VICE CHAIR	1.00	Officer Director	$0	$0	$0
REV EVA G DUZANT	TREASURER	0.50	Officer Director	$0	$0	$0
IMAM TALIB ABDUR RASHID	SECRETARY	0.50	Officer Director	$0	$0	$0
DEACON RODNEY A BECKFORD	MEMBER	0.50	Director	$0	$0	$0
REV DR KIMBERLY K HOLMES ESQ	MEMBER	0.50	Director	$0	$0	$0
REV DR WENDY J KELLY-CARTER	MEMBER	0.50	Director	$0	$0	$0
REV GREGORY A MERRIWEATHER JR	MEMBER	0.50	Director	$0	$0	$0
VIRGINIA M MONTAGUE	ASSISTANT SECRETARY	0.50	Officer Director	$0	$0	$0
REV DR LOREN J RUSSELL	MEMBER	0.50	Director	$0	$0	$0
MALCOLM A PUNTER MBA EDD	PRESIDENT & CEO	35.00	Officer	$163,569	$34,397	$197,966
RETHEA POWELL	OUTGOING DIRECTOR OF FINANCE	35.00	Officer	$105,024	$20,518	$125,542
SHERILL HENRY	SR. VP, REAL ESTATE DEVELOPMENT	35.00	Highest	$129,345	$20,518	$149,863

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	$4,631,225	$4,115,573	$27,875,616	$515,652
2024	No data	No data	No data	No data
2023	$4,993,554	$4,681,382	$24,970,865	$312,172
2022	$7,064,040	$4,255,685	$22,784,920	$2,808,355
2022	$7,064,040	$4,255,685	$22,784,920	$2,808,355
2021	$3,856,636	$3,548,442	$19,918,313	$308,194
2020	$3,560,954	$3,817,687	$19,030,821	$-256,733
2019	$3,139,497	$3,825,001	$6,429,194	$-685,504
2018	$3,842,147	$3,500,224	$5,852,479	$341,923

HARLEM CONGREGATIONS FOR COMMUNITY IMPROVEMENT INC