HEART OF THE CITY NEIGHBORHOODS 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

1995

Legal Domicile

Principal Officer

STEPHANIE SIMEON

Phone

7168827661

Tax Period

2025-01-01 to 2025-12-31

HEART OF THE CITY NEIGHBORHOODS INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

HEART OF THE CITY NEIGHBORHOODS, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED FOR THE PURPOSE OF WORKING TOWARDS WESTERN NEW YORK NEIGHBORHOOD DEVELOPMENT AND PRESERVATION.

Program Service Accomplishments

Program 1

Expenses: $4,247,699 Revenue: $26,186

TO CREATE, FACILITATE, AND SUPPORT HOUSING AND NEIGHBORHOOD DEVELOPMENT IN THE CITY OF BUFFALO.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,329,080

Program Service Revenue $26,186

Investment Income $-34,373

Other Revenue $228

TOTAL REVENUE $4,321,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,830

Fundraising Expenses $0

Program Expenses $4,247,699

Other Expenses $3,889,594

TOTAL EXPENSES $4,510,424

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,321,121	$3,369,820	+0.3%
Expenses	$4,510,424	$3,163,481	+0.4%
Net Income	$-189,303	$206,339	-1.9%

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

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

$212,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LANDER	PRESIDENT	2.50	Officer Director	$0	$0	$0
HOWARD BLOCK	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
CHRIS FILLION	TREASURER	2.50	Officer Director	$0	$0	$0
ALEXANDER DRAINVILLE	SECRETARY	2.50	Officer Director	$0	$0	$0
LISA VAHAPOGLU	MEMBER	1.00	Director	$0	$0	$0
SHARONNDA BAXTER	MEMBER	1.00	Director	$0	$0	$0
ELIZA FRANK	MEMBER	1.00	Director	$0	$0	$0
PAUL MCDONNELL	MEMBER	1.00	Director	$0	$0	$0
THERESA GAY	MEMBER	1.00	Director	$0	$0	$0
ALEX CARDUCCI	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SIMEON	EXECUTIVE DIRECTOR	40.00	Officer	$136,619	$16,249	$152,868
MICHELLE WOOTON	DIRECTOR OF FINANCE	20.00	Officer	$59,674	$0	$59,674

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	$4,321,121	$4,510,424	$4,497,947	$-189,303
2024	$3,369,820	$3,163,481	$1,294,023	$206,339
2023	$2,367,171	$2,393,417	$1,297,292	$-26,246
2022	$1,658,680	$1,749,865	$565,159	$-91,185
2021	$1,222,102	$1,125,854	$623,152	$96,248
2020	$735,538	$681,811	$171,530	$53,727
2019	$762,561	$541,192	$272,028	$221,369
2018	$548,234	$501,885	$260,711	$46,349