NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ABYSSINIAN DEVELOPMENT CORPORATION, founded in 1989, is a mid-sized nonprofit that reported $31.9M in total revenue in fiscal year 2024. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 27% operating margin.
A COMPREHENSIVE COMMUNITY DEVELOPMENT CORPORATION FOCUSED ON PROVIDING AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES AND SOCIAL SERVICES, PRINCIPALLY EDUCATIONAL PROGRAMS IN THE AREAS OF COLLEGE/CAREER READINESS, STEM, AND DISTRICT-BASED INITIATIVES TO IMPROVE STUDENT OUTCOMES AND HOMEOWNERSHIP WORKSHOPS FOR FIRST-TIME HOME BUYERS.
REAL ESTATE PROPERTIES THAT PROVIDE LOW TO MODERATE INCOME HOUSING AND TENANT SERVICES FOR THE HARLEM COMMUNITY OF NEW YORK CITY. OUR PORTFOLIO INCLUDES CLOSE TO 600 UNITS OF AFFORDABLE HOUSING, THE...
REAL ESTATE PROPERTIES THAT PROVIDE LOW TO MODERATE INCOME HOUSING AND TENANT SERVICES FOR THE HARLEM COMMUNITY OF NEW YORK CITY. OUR PORTFOLIO INCLUDES CLOSE TO 600 UNITS OF AFFORDABLE HOUSING, THE MAJORITY OF WHICH QUALIFY FOR HOUSING ASSISTANCE PAYMENTS THROUGH VARIOUS FEDERAL AND LOCAL AGENCIES AND ABOUT 19,000 SQUARE FEE OF COMMERCIAL SPACE THAT'S LEASED TO COMMUNITY SMALL BUSINESSES. THE ORGANIZATION'S REAL ESTATE HOLDINGS ARE PRINCIPALLY STRUCTURED AS LOW INCOME HOUSING TAX CREDIT PARTNERSHIPS THAT ARE DESIGNED TO GENERATE DOLLAR-FOR-DOLLAR TAX CREDITS IN EXCHANGE FOR PRIVATE EQUITY INVESTMENTS IN THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING.
OUR EDUCATION PLAN BRINGS A HOLISTIC APPROACH TO ACADEMIC ACHIEVEMENT THROUGH PARTNERSHIPS WITH TRADITIONAL PUBLIC SCHOOLS IN NEW YORK CITY' SCHOOL DISTRICT 5. OUR OBJECTIVE IS TO ENSURE THAT...
OUR EDUCATION PLAN BRINGS A HOLISTIC APPROACH TO ACADEMIC ACHIEVEMENT THROUGH PARTNERSHIPS WITH TRADITIONAL PUBLIC SCHOOLS IN NEW YORK CITY' SCHOOL DISTRICT 5. OUR OBJECTIVE IS TO ENSURE THAT STUDENTS CAN LEARN, GROW AND EXCEL TO BE PREPARED FOR COLLEGE; FAMILIES ARE ENGAGED AS PARTNERS; AND FACULTY OPERATE AS A COMMUNITY OF LEADERS, SHARING BEST PRACTICES AND COMMUNITY RESOURCES. OUR DIRECT SERVICES INCLUDE COLLEGE/CAREER PREPARATORY SERVICES, STEM CLASSROOM CURRICULUM ENHANCEMENTS, AFTER-SCHOOL TUTORING TO SUPPORT STUDENTS PERFORMING JUST BELOW GRADE-LEVEL PROFICIENCY, AND CO-SPONSORING A DISTRICT-WIDE ANNUAL STEM EXPO.
OUR HARLEM ECONOMIC LITERACY PROGRAM PROVIDES FINANCIAL LITERACY AND HOME-OWNERSHIP COUNSELING SERVICES TO FIRST-TIME HOMEBUYERS THROUGH WORKSHOP TRAINING, CASE MANAGEMENT SERVICES, AND GRANT...
OUR HARLEM ECONOMIC LITERACY PROGRAM PROVIDES FINANCIAL LITERACY AND HOME-OWNERSHIP COUNSELING SERVICES TO FIRST-TIME HOMEBUYERS THROUGH WORKSHOP TRAINING, CASE MANAGEMENT SERVICES, AND GRANT APPLICATION ASSISTANCE.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $31,927,796 | $11,745,428 | +1.7% |
| Expenses | $23,209,578 | $17,192,373 | +0.3% |
| Net Income | $8,718,218 | $-5,446,945 | -2.6% |
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 |
|---|---|---|---|---|---|---|
| DR CYNTHIA BARNES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALVIN VINSON TREASURER | HUMAN RESOURCES COMMITTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR DEBORAH ALLEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| G ANTHONY ANDERSEN JOINT CHAIR OF | REAL ESTATE & FINANCE COMM | 2.50 |
Director
|
$0 | $0 | $0 |
| LARRY DAIS | CHAIR OF AUDIT COMMITTEE | 1.50 |
Director
|
$0 | $0 | $0 |
| DR SANDYE JOHNSON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| GERRI WARREN-MERRICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILIP ISOM | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| DARRYL WILLIAMS | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| TIMOTHY C NASH JR | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| PRINCESS PALMER | COO/CFO | 35.00 |
Officer
|
$145,000 | $9,392 | $154,392 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $31,927,796 | $23,209,578 | $118,153,697 | $8,718,218 |
| 2023 | $11,745,428 | $17,192,373 | $95,675,744 | $-5,446,945 |
| 2022 | $9,714,669 | $16,057,006 | $101,310,476 | $-6,342,337 |
| 2021 | $11,407,313 | $17,817,270 | $107,838,994 | $-6,409,957 |
| 2020 | $9,959,988 | $16,551,494 | $112,525,482 | $-6,591,506 |
Compare ABYSSINIAN DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.