AHRC NYC NEW PROJECTS INC (EIN 133587176) - 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

1990

Legal Domicile

Principal Officer

PATRICIA MURPHY

Phone

2127802500

Tax Period

2024-07-01 to 2025-06-30

AHRC NYC NEW PROJECTS INC, founded in 1990, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE LIVING ACCOMMODATIONS FOR PEOPLE WITH INTELLECTUAL (CONT. ON SCHEDULE O) AND DEVELOPMENTAL DISABILITIES TO LEAD FULL AND EQUITABLE LIVES

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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 $0

Program Service Revenue $4,477,226

Investment Income $1,491,699

Other Revenue $-2,863,659

TOTAL REVENUE $3,105,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,117,387

Other Expenses $4,244,589

TOTAL EXPENSES $4,244,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,105,266	$7,101,485	-0.6%
Expenses	$4,244,589	$4,541,750	-0.1%
Net Income	$-1,139,323	$2,559,735	-1.4%

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

N/A

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

$1,164,113

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA MURPHY	PRESIDENT	0.40	Officer Director	$0	$0	$0
ANGELO APONTE	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
STEPHEN BRODSKY ESQ	TREASURER/SECRETARY	0.40	Officer Director	$0	$0	$0
MARCO DAMIANI	CEO, NYSARC INC., NYC CHAP	0.50	Officer	$0	$52,255	$716,638
AMY WEST	EVP / CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$42,133	$447,475

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	$3,105,266	$4,244,589	$64,023,637	$-1,139,323
2024	No data	No data	No data	No data
2023	$3,739,909	$4,228,881	$64,707,777	$-488,972
2022	$28,554,112	$4,242,874	$68,200,259	$24,311,238
2021	$3,631,656	$3,921,249	$58,849,995	$-289,593
2020	$4,603,920	$4,029,162	$54,911,490	$574,758
2019	$4,516,946	$4,328,681	$51,692,906	$188,265
2018	$4,893,509	$4,662,767	$55,448,239	$230,742

AHRC NYC NEW PROJECTS INC