ASCENDANT NEIGHBORHOOD DEVELOPMENT CORPORATION

EIN: 133620671 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$135,879
Total Expenses
$461,100
Total Assets
$2,138,321
Net Assets
$-601,577
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
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

AND'S MISSION TO HELP HOUSE NEW YORKERS IN NEED. THIS HAS RESULTED IN THE DEVELOPMENT OF 25 BUILDINGS OFFERING OVER 700 UNITS.

Program Service Accomplishments

Program 1
Expenses: $427,825 Revenue: $61,429

COORDINATION AND ADMINISTRATION OF PROGRAMS FROM THE REHABILITATION AND RENTAL OF APARTMENTS TO LOW-INCOME FAMILIES AND INDIVIDUALS.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
9
Volunteers
10

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
5
$185,000
Total Directors
11
$185,000
Key Employees
0
$0
Highest Compensated
0
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
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