Seacliff Village Shopping Center I… - 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

2002

Legal Domicile

Principal Officer

JOHN KOLB

Phone

8605092200

Tax Period

2023-01-01 to 2023-12-31

Seacliff Village Shopping Center Inc C/O BARINGS LLC, founded in 2002, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023. The organization ran a surplus of $4.5M, a strong 47% operating margin.

Mission

REAL PROPERTY HOLDING COMPANY

Program Service Accomplishments

Program 1

Expenses: $5,093,687 Revenue: $9,623,348

THE ORGANIZATION ACQUIRED AND HELD TITLE TO REAL PROPERTY, COLLECTED AND REMITTED THE INCOME THEREFROM TO ITS OWNER THE LUCENT MASTER PENSION TRUST (A TAX-EXEMPT ENTITY).

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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 $0

Program Service Revenue $9,621,323

Investment Income $2,025

Other Revenue $0

TOTAL REVENUE $9,623,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,093,687

Other Expenses $5,094,227

TOTAL EXPENSES $5,094,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,623,348	$9,933,798	0.0%
Expenses	$5,094,227	$4,862,481	+0.0%
Net Income	$4,529,121	$5,071,317	-0.1%

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

N/A

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

$3,479,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARINGS LLC	NON-MEMBER MANAGER	1.0	Officer	$0	$0	$3,479,667
JOHN KOLB	PRESIDENT & DIRECTOR	2.0	Officer Director	$0	$0	$0
CHRISTOPHER BLACK	VICE PRESIDENT & DIRECTOR	0.0	Officer Director	$0	$0	$0
FRANK THROOP	VICE PRESIDENT, SECRETARY, & D	0.0	Officer Director	$0	$0	$0
MICHAEL DOMAINGUE	TREASURER	2.0	Officer	$0	$0	$0
LORI DYER	ASSISTANT VICE PRESIDENT	0.0	Officer	$0	$0	$0
JUSTIN HERMAN	ASSISTANT VICE PRESIDENT	2.0	Officer	$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	$9,623,348	$5,094,227	$138,311,092	$4,529,121
2022	$9,933,798	$4,862,481	$147,281,261	$5,071,317
2021	$8,901,233	$4,414,696	$151,078,311	$4,486,537
2020	$9,079,401	$4,169,532	$148,294,039	$4,909,869
2019	$9,159,224	$4,185,427	$147,566,406	$4,973,797

Seacliff Village Shopping Center Inc C/O BARINGS LLC