DOWNTOWN ALBANY RESTORATION PROGRAM INC

EIN: 141790346 501(c)(3) Community Improvement

ALBANY, NY

Total Revenue
$1,162,489
Total Expenses
$1,197,281
Total Assets
$1,041,305
Net Assets
$949,971
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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
1996
Legal Domicile
NY
Principal Officer
ELIZABETH YOUNG JOJO
Phone
5184652143
Tax Period
2023-01-01 to 2023-12-31

DOWNTOWN ALBANY RESTORATION PROGRAM INC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

To restore, promote, and maintain the character and viability of downtown Albany and to improve the quality of life and overall image for those who live, work and visit the Capital City

Program Service Accomplishments

Program 1
Expenses: $490,138

MARKETING:CREATE AND IMPLEMENT SPECIAL EVENTS AND PROGRAMMING AND MAINTAIN A PUBLIC RELATIONS CAMPAIGN

Program 2
Expenses: $242,469

CLEAN AND SAFE:PROVIDE ASSISTANCE IN MAINTAINING AND AUGMENTING CLEAN STREET/CURBS, TRASH PICK UP AND CLEANING OF SNOW AND ICE.

Program 3
Expenses: $186,343

VISUAL IMPROVEMENTS:COLLABORATE WITH PROPERTY OWNERS AND CITY OFFICIALS TO RESEARCH, DEVELOP AND IMPLEMENT STREETSCAPE IMPROVEMENT STRATEGIES

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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 $1,159,612
Program Service Revenue $0
Investment Income $2,877
Other Revenue $0
TOTAL REVENUE $1,162,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $501,099
Fundraising Expenses $0
Program Expenses $1,038,390
Other Expenses $696,182
TOTAL EXPENSES $1,197,281

Year-over-Year Comparison

2023 2022 Change
Revenue $1,162,489 $969,875 +0.2%
Expenses $1,197,281 $1,064,782 +0.1%
Net Income $-34,792 $-94,907 -0.6%
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

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Governance

Voting Members
18
Independent Members
18
Employees
6
Volunteers
101

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
$166,542
Total Directors
21
$166,542
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGETTE STEFFENS Executive Direc 40.00
Officer Director
$127,404 $39,138 $166,542
ANGELO MADDOX Director 1.00
Director
$0 $0 $0
ANGELO MADDOX Director 1.00
Director
$0 $0 $0
KENNETH COUNTERMINE Treasurer 1.00
Officer Director
$0 $0 $0
LISA REDDY FARRELL Vice President 1.00
Officer Director
$0 $0 $0
FRANK ZEOLI Director 1.00
Director
$0 $0 $0
LENA HART Director 1.00
Director
$0 $0 $0
NEIL MC GREEVY Secretary 1.00
Officer Director
$0 $0 $0
LUCAS ROGERS Director 1.00
Director
$0 $0 $0
ELIZABETH YOUNG JOJO President 1.00
Officer Director
$0 $0 $0
LEOLA EDELIN Director 1.00
Director
$0 $0 $0
AMANDA ROZSAVOLGYI Director 1.00
Director
$0 $0 $0
HON DANIEL P MCCOY Director 1.00
Director
$0 $0 $0
HON DANILE P MC KOY Director 1.00
Director
$0 $0 $0
FRANK O'CONNOR Director 1.00
Director
$0 $0 $0
JOSH WAINMAN Director 1.00
Director
$0 $0 $0
HON DARIUS SHAHINFER Director 1.00
Director
$0 $0 $0
LEYLA KIOSSE Director 1.00
Director
$0 $0 $0
HON KATHY M SHEEHAN Director 1.00
Director
$0 $0 $0
MOHAMED HEMMID Director 1.00
Director
$0 $0 $0
BENN MAC DONALD Director 1.00
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
2024 No data No data No data No data
2023 $1,162,489 $1,197,281 $1,041,305 $-34,792
2022 $969,875 $1,064,782 $1,112,914 $-94,907
2021 $1,193,036 $1,162,979 $1,186,781 $30,057
2020 $1,132,046 $984,599 $1,148,662 $147,447
2019 $1,057,846 $1,057,155 $995,043 $691
2018 $1,084,961 $951,087 $979,904 $133,874
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