GRAND CENTRAL NEIGHBORHOOD SOCIAL … - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

BRADY CRAIN

Phone

2128830680

Tax Period

2023-07-01 to 2024-06-30

GRAND CENTRAL NEIGHBORHOOD SOCIAL SERVICES CORP, founded in 1989, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS COMMITTED TO PROVIDING IMMEDIATE RELIEF TO MIDTOWN MANHATTAN'S HOMELESS POPULATION. THROUGH OUR MAINCHANCE DROP-IN CENTER, WE OFFER BASIC NECESSITIES (FOOD, CLOTHING, SHOWERS, AND CHAIRS FOR RESPITE) AND A RANGE OF SOCIAL SERVICES INCLUDING EMPLOYMENT COUNSELING, TREATMENT REFERRALS, AND HOUSING ASSISTANCE. IN ORDER TO HELP PEOPLE USE OUR CENTER AS A BRIDGE TO A MORE SECURE LIFE, WE HAVE DESIGNED A CONSUMER-ORIENTED MEMBERSHIP PROGRAM TO MEET OUR CLIENTS AT THEIR VARIOUS LEVELS OF NEED TAILORING OUR SERVICES TO FIT THE SPECIFIC SITUATIONS OF EACH INDIVIDUAL. WE GIVE THEM A CHOICE AND, IN DOING SO, WE GIVE THEM A GREATER CHANCE OF SUCCESS. WE RECOGNIZE THAT, FOR SOME, SIMPLY COMING IN FROM THE STREETS IS A SIGNIFICANT STEP. IT IS THESE PEOPLE THOSE USUALLY EXCLUDED FROM OTHER SERVICE AGENCIES THAT WE AID MOST.

Program Service Accomplishments

Program 1

Expenses: $3,356,714 Revenue: $14,400

MAINCHANCE MULTI-SERVICE CENTER AND SERVICES - THE ORGANIZATION, THROUGH ITS MAINCHANCE MULTI-SERVICE CENTER, OFFERS BASIS NECESSITIES TO ITS CLIENTS SUCH AS FOOD, CLOTHING, SHOWERS, AND BEDS, FOR...

MAINCHANCE MULTI-SERVICE CENTER AND SERVICES - THE ORGANIZATION, THROUGH ITS MAINCHANCE MULTI-SERVICE CENTER, OFFERS BASIS NECESSITIES TO ITS CLIENTS SUCH AS FOOD, CLOTHING, SHOWERS, AND BEDS, FOR EVENING RESPITE THROUGH A COLLABORATION WITH FAITH-BASED ORGANIZATIONS. THEY ALSO PROVIDE A WIDE RANGE OF SOCIAL SERVICES INCLUDING CASE MANAGEMENT, GROUP WORKSHOPS, MEDICAL AND PSYCHOLOGICAL SERVICES, TREATMENT REFERRALS, AND HOUSING ASSISTANCE. THE ORGANIZATION AIMS TO HELP ITS CLIENTS SECURE STABLE HOUSING BY WORKING CLOSELY WITH THEM TO DEVELOP AND IMPROVE THE SKILLS NECESSARY TO OBTAIN AND MAINTAIN HOUSING STABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,293,059

Program Service Revenue $14,400

Investment Income $406

Other Revenue $0

TOTAL REVENUE $3,307,865

Expense Breakdown

Grants Paid $104,632

Salaries & Benefits $1,522,657

Fundraising Expenses $0

Program Expenses $3,356,714

Other Expenses $1,803,169

TOTAL EXPENSES $3,430,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,307,865	$3,364,355	0.0%
Expenses	$3,430,458	$3,143,618	+0.1%
Net Income	$-122,593	$220,737	-1.6%

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

160

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

$301,870

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED CERULLOIII	PRESIDENT	0.50	Officer Director	$0	$0	$0
WILLIAM KORNBLUM	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CRYSTAL JORDAN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ROSA YOLANDA PINEDA	SECRETARY	0.50	Officer Director	$0	$0	$0
DIDI GOLDENHAR	DIRECTOR	0.50	Director	$0	$0	$0
MARC GROSS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN RAGUSA	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD A WILPON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT MACHLEDER	DIRECTOR	0.50	Director	$0	$0	$0
ROCHELLE PATRICOF	DIRECTOR	0.50	Director	$0	$0	$0
BRADY CRAIN	EXECUTIVE DIRECTOR	45.00	Officer	$172,005	$12,561	$184,566
JACQUELINE CONNOR	DEPUTY EXECUTIVE DIRECTOR	45.00	Officer	$116,172	$1,132	$117,304

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	$3,307,865	$3,430,458	$4,265,743	$-122,593
2023	$3,364,355	$3,143,618	$4,409,077	$220,737
2022	$3,288,066	$3,230,230	$600,015	$57,836
2021	$3,235,493	$3,186,682	$509,383	$48,811
2020	$3,339,138	$3,196,548	$687,716	$142,590
2019	$3,509,984	$3,309,671	$659,199	$200,313
2018	$3,177,723	$3,269,379	$344,981	$-91,656

GRAND CENTRAL NEIGHBORHOOD SOCIAL SERVICES CORP