UPPER MANHATTAN EMPOWERMENT ZONE D… - Form 990 Financial Data

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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

BLAIR M DUNCAN

Phone

2124100030

Tax Period

2023-07-01 to 2024-06-30

UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $4.8M left a modest 4% surplus.

Mission

TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN THROUGH JOB CREATION, CORPORATE ALLIANCES, STRATEGIC INVESTMENTS, AND SMALL BUSINESS ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $4,052,987 Revenue: $1,079,444

TO SUSTAIN THE ECONOMIC REVITALIZATION OF ALL COMMUNITIES IN UPPER MANHATTAN THROUGH JOB CREATION, CORPORATE ALLIANCES, STRATEGIC INVESTMENTS, AND SMALL BUSINESS ASSISTANCE.

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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 $1,268,608

Program Service Revenue $1,037,987

Investment Income $2,622,790

Other Revenue $41,457

TOTAL REVENUE $4,970,842

Expense Breakdown

Grants Paid $893,981

Salaries & Benefits $2,348,739

Fundraising Expenses $0

Program Expenses $4,052,987

Other Expenses $1,525,638

TOTAL EXPENSES $4,768,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,970,842	$5,950,446	-0.2%
Expenses	$4,768,358	$5,219,399	-0.1%
Net Income	$202,484	$731,047	-0.7%

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

$627,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIR KIRKWOOD	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER BROWN	DIRECTOR	5.00	Director	$0	$0	$0
DENNIS MITCHELL	DIRECTOR	5.00	Director	$0	$0	$0
ELEAZAR BUENO	DIRECTOR	5.00	Director	$0	$0	$0
HARRIET MICHEL	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH J JOHNSON III	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
KEVIN CHAVERS	DIRECTOR	5.00	Director	$0	$0	$0
LISA DOWNING	DIRECTOR (UNTIL 9/11/23)	5.00	Director	$0	$0	$0
MARQUIS HARRISON	DIRECTOR	5.00	Director	$0	$0	$0
MAURINE KNIGHTON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHAEL SMART	DIRECTOR	5.00	Director	$0	$0	$0
REEMA FAKIH	DIRECTOR	5.00	Director	$0	$0	$0
REV GEORGIETTE MORGAN-THOMAS	DIRECTOR	5.00	Director	$0	$0	$0
SABRINA STRATTON	DIRECTOR	5.00	Director	$0	$0	$0
TERESA EYRING	TREASURER	5.00	Officer Director	$0	$0	$0
XAVIER SANTIAGO	DIRECTOR	5.00	Director	$0	$0	$0
BLAIR M DUNCAN	CEO	37.50	Officer	$302,639	$134,848	$437,487
OLATUNDE ONIYIDE	CFO	37.50	Officer	$152,677	$37,496	$190,173
DANIELLE FLEMING	SENIOR COMMERCIAL LENDING OFFICER	37.50	Highest	$106,180	$20,736	$126,916
GINA L BOLDEN-RIVERA	SVP & CHIEF LENDING OFFICER	37.50	Highest	$185,510	$14,871	$200,381
YAHSHAANYAH HILL	SVP & CHIEF PROGRAM OFFICER	37.50	Highest	$159,181	$34,294	$193,475

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	No data	No data	No data	No data
2024	$4,970,842	$4,768,358	$82,891,599	$202,484
2023	$5,950,446	$5,219,399	$79,521,172	$731,047
2022	$9,613,613	$6,862,166	$79,925,047	$2,751,447
2021	$3,433,188	$4,677,479	$90,632,786	$-1,244,291
2020	$6,857,023	$5,942,449	$83,528,434	$914,574
2019	$12,666,359	$4,840,806	$84,770,725	$7,825,553
2018	$10,065,430	$5,560,070	$86,848,783	$4,505,360

UPPER MANHATTAN EMPOWERMENT ZONE DEVELOPMENT CORPORATION