GRAND STREET SETTLEMENT 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

1916

Legal Domicile

Principal Officer

ROBERT CORDERO

Phone

2126741740

Tax Period

2024-07-01 to 2025-06-30

GRAND STREET SETTLEMENT INC, founded in 1916, is a mid-sized nonprofit in the Human Services sector that reported $56.4M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $53.2M left a modest 6% surplus.

Mission

GRAND STREET SETTLEMENT EXPANDS OPPORTUNITIES FOR LOW-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING CULTURALLY RELEVANT SERVICES THAT SUPPORT COMMUNITY BUILDING, ADVOCACY, SELF-DETERMINATION AND AN ENRICHED QUALITY OF LIFE. SINCE ITS FOUNDING IN 1916, GRAND ST. SETTLEMENT HAS OFFERED A CONTINUUM OF INNOVATIVE PROGRAMS RANGING FROM EARLY CHILDHOOD AND YOUTH DEVELOPMENT TO COMMUNITY SUPPORT FOR ADULTS AND SENIORS.

Program Service Accomplishments

Program 1

Expenses: $28,530,822 Revenue: $0

EARLY CHILDHOOD PROGRAMS:THE EARLY CHILDHOOD DEPARTMENT SERVED OVER 1,000 CHILDREN AND THEIR FAMILIES AT OUR CHILD AND FAMILY CENTERS AND PARTNERSHIP SITES. WHILE CHILDREN GAIN VITAL EARLY EDUCATION THAT BUILDS A FOUNDATION OF LEARNING, PARENTS AND FAMILY MEMBERS ACHIEVE FAMILY GOALS THROUGH JOB TRAINING, PARENTING SUPPORT AND LEGAL ASSISTANCE.

Program 2

Expenses: $12,456,709 Revenue: $16,370

YOUTH AND COMMUNITY DEVELOPMENT SERVICES:GRAND STREET'S YOUTH PROGRAMS SERVE AS OUR LONGEST RUNNING AND BROADEST DEPARTMENT OF SUPPORT. SERVING OVER 6,000 SCHOOL AGED CHILDREN, OUR YOUTH PROGRAMS...

YOUTH AND COMMUNITY DEVELOPMENT SERVICES:GRAND STREET'S YOUTH PROGRAMS SERVE AS OUR LONGEST RUNNING AND BROADEST DEPARTMENT OF SUPPORT. SERVING OVER 6,000 SCHOOL AGED CHILDREN, OUR YOUTH PROGRAMS KEEP YOUNG PEOPLE SAFE AND ENGAGED IN ACTIVITIES THAT ALLOW THEM TO EXPLORE THEIR PASSIONS. ALL OF OUR YOUTH PROGRAMS ARE ROOTED IN SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATH, AND STATE-OF-THE-ART MAKER SPACES FUNDED BY BEST BUY AND THE CLUBHOUSE NETWORK HAVE LAUNCHED YOUTH INTO COLLEGE PROGRAMS TO CONTINUE THEIR TECHNOLOGY-RELATED CAREERS.

Program 3

Expenses: $2,144,658 Revenue: $0

OLDER ADULT PROGRAMS:OLDER ADULT PROGRAMS AT GRAND STREET SETTLEMENT ARE THE VIBRANT LIFE OF OUR PROGRAMS. EVERY DAY OVER 150 PARTICIPANTS ARRIVE FOR A HOT LUNCH AND SPEND TIME IN ACTIVITIES AND...

OLDER ADULT PROGRAMS:OLDER ADULT PROGRAMS AT GRAND STREET SETTLEMENT ARE THE VIBRANT LIFE OF OUR PROGRAMS. EVERY DAY OVER 150 PARTICIPANTS ARRIVE FOR A HOT LUNCH AND SPEND TIME IN ACTIVITIES AND SERVICES THAT PROMOTE HEALTH, WELLNESS, AND COMMUNITY. IN FY25, THE GRAND COALITION OF SENIORS SERVED NEARLY 3,000 SENIORS ON THE LOWER EAST SIDE BETWEEN OUR OLDER ADULTS CENTER AT ESSEX CROSSING COMMUNITY CENTER, THE NATURALLY OCCURRING RETIREMENT COMMUNITY IN THE BARUCH HOUSES, AND OUR SENIOR HOUSING FACILITY ON EAST 6TH STREET.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,187,944

Program Service Revenue $16,370

Investment Income $290,631

Other Revenue $-142,148

TOTAL REVENUE $56,352,797

Expense Breakdown

Grants Paid $157,561

Salaries & Benefits $30,065,532

Fundraising Expenses $1,304,132

Program Expenses $43,378,491

Other Expenses $22,978,171

TOTAL EXPENSES $53,201,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,352,797	$42,757,842	+0.3%
Expenses	$53,201,264	$42,850,723	+0.2%
Net Income	$3,151,533	$-92,881	-34.9%

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

768

Volunteers

325

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

$799,186

Total Directors

Key Employees

$711,517

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH W ROSE	CHAIR	10.00	Officer Director	$0	$0	$0
BRYAN KOPLIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALBERTO JIMENEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID M LEE	TREASURER	2.00	Officer Director	$0	$0	$0
ALAN JAY BRAZIL	DIRECTOR	1.00	Director	$0	$0	$0
BRETT DEARING	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN DEDYO	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GEWIRTZ	DIRECTOR	1.00	Director	$0	$0	$0
TRACIE F GOLDING-GERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
TAMEKA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMAL HALEPOTA	DIRECTOR	1.00	Director	$0	$0	$0
DAN HEASMAN	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA HUBINSKY	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE LEE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH W LIEBMAN	DIRECTOR (THRU OCT. 2024)	1.00	Director	$0	$0	$0
DANIRL MARTE	DIRECTOR	1.00	Director	$0	$0	$0
SYLVIA M MONTERO	DIRECTOR	2.00	Director	$0	$0	$0
SUMYA OJAKLI	DIRECTOR	1.00	Director	$0	$0	$0
TENILLE PHAM SKELTON	DIRECTOR (THRU OCT. 2024)	1.00	Director	$0	$0	$0
VICTOR RASUK	DIRECTOR (THRU JUNE 2025)	1.00	Director	$0	$0	$0
JENNA SHEN	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS STEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARIO TUFANO	DIRECTOR	1.00	Director	$0	$0	$0
TINT TINT YAP	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CORDERO	CHIEF EXECUTIVE OFFICER	35.00	Officer	$365,049	$81,804	$446,853
WILLING CHIN	CHIEF OPERATING OFFICER	35.00	Officer	$281,983	$70,350	$352,333
BINDU BALAN	CHIEF DEVELOPMENT AND COMMUNICATIONS OFFICER	35.00	Key Emp	$185,147	$13,591	$198,738
THANH H BUI	CHIEF PROGRAM OFFICER, YOUTH	35.00	Key Emp	$201,337	$62,804	$264,141
MARIA C DEJESUS	CHIEF TALENT OFFICER	35.00	Key Emp	$210,457	$38,181	$248,638
INES E DE LA NUEZ	DIRECTOR OF OLDER ADULT CENTER	35.00	Highest	$118,132	$45,661	$163,793
ROSALIE MORAN	SENIOR EARLY CHILDHOOD DIRECTOR	35.00	Highest	$154,989	$47,639	$202,628
KRISTEN GREENE	DEPUTY DIRECTOR OF BROOKLYN PROGRAMS	35.00	Highest	$115,825	$20,659	$136,484
MAURICE T RAWLS	DEPUTY DIRECTOR OF MANHATTAN PROGRAMS	35.00	Highest	$120,673	$45,787	$166,460
LAUREN SANTORSO	DIR. OF EVALUATIONS AND COMP	35.00	Highest	$118,634	$45,685	$164,319

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	$56,352,797	$53,201,264	$60,947,276	$3,151,533
2024	No data	No data	No data	No data
2023	$43,647,601	$39,702,022	$40,925,376	$3,945,579
2022	$42,786,471	$33,459,971	$36,114,808	$9,326,500
2021	$32,010,845	$29,039,864	$24,798,623	$2,970,981
2020	$27,353,014	$26,871,562	$20,641,747	$481,452
2019	$23,316,115	$21,574,224	$16,110,220	$1,741,891
2018	$21,170,707	$20,975,986	$13,555,006	$194,721