AHRC NEW YORK CITY FOUNDATION INC

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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

1994

Legal Domicile

Principal Officer

JENNIFER GOODWIN

Phone

2127802500

Tax Period

2023-07-01 to 2024-06-30

AHRC NEW YORK CITY FOUNDATION INC, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $7.9M exceeded revenue, resulting in a 159% operating deficit.

Mission

THE AHRC NEW YORK CITY FOUNDATION IS A FUND-RAISING AND GRANT-MAKING ENTITY THAT SUPPORTS PROGRAMS FOR CHILDREN AND ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND WHO LIVE IN NEW YORK CITY. THE FOUNDATION IS THE PRIMARY SOURCE OF PHILANTHROPIC SUPPORT FOR NYSARC INC., NEW YORK CITY CHAPTER, WHICH PROVIDES A WIDE ARRAY OF SOCIAL SERVICES FOR APPROXIMATELY 15,000 PEOPLE WHO ARE NEURODIVERSE. THROUGH ITS GRANTS, THE FOUNDATION AIMS TO EMPOWER PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO: 1. MAKE CHOICES AND DECISIONS BASED ON THEIR OWN ASPIRATIONS. 2. LIVE AS INDEPENDENTLY AND BE AS PRODUCTIVE AS POSSIBLE. 3. PARTICIPATE FULLY IN THEIR COMMUNITIES. THE FOUNDATION ENVISIONS A WORLD IN WHICH PEOPLE WHO ARE NEURODIVERSE WILL: -SHARE ORDINARY PLACES IN THEIR LOCAL COMMUNITIES (SUCH AS STORES, GYMS, LIBRARIES AND MUSEUMS) AT THE SAME TIME AND IN THE SAME WAYS AS THEIR NEIGHBORS. -DEVELOP A SUPPORT NETWORK THAT INCLUDES A WIDE RANGE OF PERSONAL AND SOCIAL RELATIONSHIPS. -FILL VALUED ROLES IN AND MAKE CONTRIBUTIONS TO THEIR COMMNITIES.

Program Service Accomplishments

Program 1

Expenses: $6,913,738 Revenue: $865,485

THE AHRC NEW YORK CITY FOUNDATION'S GRANT MAKING IS STRATEGIC AND TARGETED. GRANTS ARE MADE FOR PROJECTS AND PROGRAMS THAT BENEFIT PEOPLE WHO ARE NEURODIVERSE.THE FOUNDATION MADE GRANTS FOR:1)...

THE AHRC NEW YORK CITY FOUNDATION'S GRANT MAKING IS STRATEGIC AND TARGETED. GRANTS ARE MADE FOR PROJECTS AND PROGRAMS THAT BENEFIT PEOPLE WHO ARE NEURODIVERSE.THE FOUNDATION MADE GRANTS FOR:1) RENOVATIONS IN RESIDENCES2) ADDRESSING FRONTLINE STAFFING SHORTAGE3) DEVELOPING AN INDEPENDENT LIVING MODEL FOR RESIDENTIAL SERVICES

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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 $1,504,230

Program Service Revenue $865,485

Investment Income $824,143

Other Revenue $-137,563

TOTAL REVENUE $3,056,295

Expense Breakdown

Grants Paid $6,771,427

Salaries & Benefits $501,320

Fundraising Expenses $737,973

Program Expenses $6,913,738

Other Expenses $552,457

TOTAL EXPENSES $7,903,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,056,295	$2,688,950	+0.1%
Expenses	$7,903,204	$3,378,636	+1.3%
Net Income	$-4,846,909	$-689,686	+6.0%

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

$256,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL BLOOMBERG	CHAIR OF BOARD	5.00	Officer Director	$0	$0	$0
JEANNE SDROULAS	VICE CHAIR OF BOARD	1.00	Officer Director	$0	$0	$0
STEPHEN RIGGIO	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
ANGELO APONTE	BOARD MEMBER	0.50	Director	$0	$0	$0
KENNETH ARBEENY	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREAS CHRYSOSTOMOU	BOARD MEMBER	0.50	Director	$0	$0	$0
KEN COLAO	BOARD MEMBER	0.50	Director	$0	$0	$0
JERRY GOTTLIEB	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL A HAPPEL	BOARD MEMBER (THRU 02/24)	0.50	Director	$0	$0	$0
CAROLINE HIRSCH	BOARD MEMBER	0.50	Director	$0	$0	$0
JOEL S ISAACSON	BOARD MEMBER	5.00	Director	$0	$0	$0
ELIZABETH ANN KAHANE	BOARD MEMBER (THRU 10/23)	0.50	Director	$0	$0	$0
MARGARET PURCE	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT SHEINMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER GOODWIN	EXECUTIVE DIRECTOR	35.00	Officer	$0	$24,344	$256,316

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	$3,056,295	$7,903,204	$38,080,588	$-4,846,909
2023	$2,688,950	$3,378,636	$35,269,459	$-689,686
2022	$2,981,945	$2,865,344	$32,699,479	$116,601
2021	$3,668,368	$2,781,087	$37,872,404	$887,281
2020	$3,418,534	$3,336,193	$30,358,257	$82,341
2019	$3,121,309	$3,023,719	$31,532,236	$97,590
2018	$3,070,826	$2,374,652	$32,010,971	$696,174