ASCENDANT NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 133620671) - 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

1995

Legal Domicile

Principal Officer

CHRISTOPHER CIRILLO

Phone

2125346464

Tax Period

2023-01-01 to 2023-12-31

ASCENDANT NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $136K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $461K exceeded revenue, resulting in a 239% operating deficit.

Mission

IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY. AND'S MISSION IS TO BUILD A BETTER QUALITY OF LIFE FOR NEW YORK'S ELDERLY. THOSE WHO WERE FORMERLY HOMELESS, AND INDIVIDUALS OF LOW TO MODERATE INCOME, BY PROVIDING THEM WITH CLEAN, SAFE HOUSING AND SUPPORTIVE SERVICES THAT HELP THEM LEAD INDEPENDENT AND FULFILLING LIVES SINCE OPENING ITS FIRST SITE IN 1988, AND HAS GROWN TO BECOME A LEADING FORCE IN REVITALIZING THE CHANGING EAST HARLEM COMMUNITY, HELPING THOUSANDS OF NEW YORKERS LIVE WITH DIGNITY AND RESPECT.

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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 $74,450

Program Service Revenue $61,429

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,146

Fundraising Expenses $0

Program Expenses $427,825

Other Expenses $337,954

TOTAL EXPENSES $461,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,879	$1,306,420	-0.9%
Expenses	$461,100	$1,312,690	-0.6%
Net Income	$-325,221	$-6,270	+50.9%

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

$185,000

Total Directors

$185,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER CIRILLO	EXECUTIVE DIR/ PRESIDENT	40.00	Officer Director	$185,000	$0	$185,000
JOHN WARREN	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENT LANGLOSS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA WIIG	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET J DAVINO	DIRECTOR	1.00	Director	$0	$0	$0
NADIA DREW	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIO SUAREZ	DIRECTOR	1.00	Director	$0	$0	$0
PETER HANDAL	DIRECTOR	1.00	Director	$0	$0	$0
ROCCO PAPANDREA	VICE CHAIRMAN	1.00	Officer Director	$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
2023	$135,879	$461,100	$2,138,321	$-325,221
2022	$1,306,420	$1,312,690	$2,238,828	$-6,270
2021	$4,446,577	$8,349,028	$39,528,943	$-3,902,451
2020	$4,511,656	$6,383,017	$44,812,827	$-1,871,361
2019	$4,370,553	$5,623,774	$46,498,236	$-1,253,221
2018	$5,528,027	$5,251,970	$41,822,629	$276,057

ASCENDANT NEIGHBORHOOD DEVELOPMENT CORPORATION