SYRACUSE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTERSTATE DEVELOPMENT FOUNDATION INC, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.
ECONOMIC DEVELOPMENT OF THE CITY OF SYRACUSE AND URBAN AREA IN UPSTATE NEW YORK
DURING THE YEAR, THE FOUNDATION'S EFFORTS WERE FOCUSED ON ACTIVITIES ALIGNED WITH ITS EXEMPT PURPOSES AND MISSION. ITS MISSION IS TO UNLOCK THE ECONOMIC POTENTIAL OF ALL CENTRAL NEW YORK'S PEOPLE AND...
DURING THE YEAR, THE FOUNDATION'S EFFORTS WERE FOCUSED ON ACTIVITIES ALIGNED WITH ITS EXEMPT PURPOSES AND MISSION. ITS MISSION IS TO UNLOCK THE ECONOMIC POTENTIAL OF ALL CENTRAL NEW YORK'S PEOPLE AND PLACES BY ATTRACTING PUBLIC AND PHILANTHROPIC CAPITAL. ITS EXEMPT PURPOSE IS TO SUPPORTS ACTIVITIES THAT BUILD LOCAL AND REGIONAL CAPACITY TO COMBAT COMMUNITY AND NEIGHBORHOOD DETERIORATION, OFFER SOLUTIONS TO PROBLEMS CHALLENGING URBAN AREAS, ENCOURAGE THE DEVELOPMENT, ATTRACTION, AND RETENTION OF INDUSTRY ESPECIALLY IN DISTRESSED AREAS, ENSURE AREA RESIDENTS HAVE ACCESS TO EMPLOYMENT, ENCOURAGE CULTURAL AND COMMUNITY ACTIVITIES, PROMOTE THE STUDY OF COMMUNITY HEALTH NEEDS, AND PROMOTE THE OVERALL ECONOMIC DEVELOPMENT OF CENTRAL NEW YORK. THE FOUNDATION LEADS AND COLLABORATES WITH PARTNERS ON PROJECTS OF LOCAL AND REGIONAL SIGNIFICANCE AND FISCALLY SPONSORS PROJECTS ALIGNED WITH ITS MISSION AND PURPOSE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,915,997 | $1,572,849 | +0.2% |
| Expenses | $2,051,485 | $1,408,793 | +0.5% |
| Net Income | $-135,488 | $164,056 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT SIMPSON | PRESIDENT | 1.00 |
Officer
Director
|
$76,018 | $127,938 | $434,054 |
| EVELYN CARTER INGRAM | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELANIE W LITTLEJOHN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY PENIX | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHAN ANDREWS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VICKI BRACKENS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE NUTTING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE SCHNECKENBURGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET O'CONNELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GAIL COWLEY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN CROSSETT | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MANTOSH DEWAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN HUHTALA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL NASH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES REED | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIMBERLY TOWNSEND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY MURPHY | CHAIR, DEVELOPMENT COMMITTEE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SOMAK CHATTOPADHYAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN FOURNIER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN GORCZYNSKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC MOWER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS SCHNEIDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK SMITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHANNA ANDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JO ANNE GAGLIANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR SETH KRONENBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIMITAR KARAIVANOV | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LORI DIETZ | SPECIAL PROJECT MANAGEMENT | 1.00 |
Officer
|
$0 | $5,021 | $97,397 |
| KELLY FURMAROLA | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $4,708 | $98,536 |
| MARIAN FRANCHER | SENIOR DIRECTOR OF FINANCE | 1.00 |
Officer
|
$0 | $12,964 | $117,792 |
| BEN SIO | SVP | 1.00 |
Officer
|
$9,877 | $36,694 | $174,618 |
| HONORA SPILLANE | VP OF ECONOMIC DEVELOPMENT | 32.00 |
Officer
|
$81,481 | $19,627 | $123,987 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,915,997 | $2,051,485 | $3,814,591 | $-135,488 |
| 2023 | $1,572,849 | $1,408,793 | $3,698,191 | $164,056 |
| 2022 | $1,470,410 | $1,398,971 | $3,630,271 | $71,439 |
| 2021 | $2,035,520 | $1,363,478 | $3,333,690 | $672,042 |
| 2020 | $1,422,561 | $1,428,920 | $2,675,646 | $-6,359 |
| 2019 | $1,442,397 | $1,381,036 | $2,629,630 | $61,361 |
| 2018 | $1,323,570 | $1,235,287 | $2,560,130 | $88,283 |
Compare CENTERSTATE DEVELOPMENT FOUNDATION INC with other nonprofits in New York and across the country.