AHRC NEW YORK CITY FOUNDATION INC

EIN: 133779611 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$3,056,295
Total Expenses
$7,903,204
Total Assets
$38,080,588
Net Assets
$33,085,769
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
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

TO RAISE FUNDS FOR THE EXCLUSIVE BENEFIT OF PEOPLE WITH DEVELOPMENT DISABILITIES IN NYC.

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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 $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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Governance

Voting Members
12
Independent Members
12
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
4
$256,316
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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