ICNY LAND OWNER CORPORATION (EIN 161682810) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

TAREQ ALBANAI

Phone

2127225230

Tax Period

2024-01-01 to 2024-12-31

ICNY LAND OWNER CORPORATION, founded in 2003, is a community nonprofit in the Religion sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $703K, a strong 21% operating margin.

Mission

To fund and support the Islamic Center of New York and Islamic Cultural Center School

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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 $500,000

Program Service Revenue $0

Investment Income $1,192,222

Other Revenue $1,684,651

TOTAL REVENUE $3,376,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,673,385

Other Expenses $2,673,385

TOTAL EXPENSES $2,673,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,376,873	$3,023,692	+0.1%
Expenses	$2,673,385	$2,161,834	+0.2%
Net Income	$703,488	$861,858	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMB TAREQ ALBANAI	CHAIRMAN	10	Officer Director	$0	$0	$0
MAGED ABDELAIZIZ	BOARD MEMBER	1	Director	$0	$0	$0
ABDOU SALAM DIALLO	BOARD MEMBER	1	Director	$0	$0	$0
YAHAYA ABUBAKAR	DIRECTOR	30	Key Emp	$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	$3,376,873	$2,673,385	$38,004,928	$703,488
2023	$3,023,692	$2,161,834	$37,476,391	$861,858
2022	$2,212,251	$1,775,920	$36,789,482	$436,331
2021	$2,265,710	$1,665,833	$36,528,101	$599,877
2020	$1,700,977	$945,404	$36,103,174	$755,573

ICNY LAND OWNER CORPORATION