ICNY LAND OWNER CORPORATION

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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

2025-01-01 to 2025-12-31

ICNY LAND OWNER CORPORATION, founded in 2003, is a community nonprofit in the Religion sector that reported $3.1M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $2.8M left a modest 9% surplus.

Mission

Support of the Islamic Center of New York and Islamic Cultural center school vis a vis income received from rental prop, and rent free space

Program Service Accomplishments

Program 1

Expenses: $1,684,651

Support the Islamic Center of New York and The Islamic Cultural Center School viv a vis income received from rental property and free rental space provided to these organizations

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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 $500,000

Program Service Revenue $0

Investment Income $946,957

Other Revenue $1,684,651

TOTAL REVENUE $3,131,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,684,651

Other Expenses $2,846,344

TOTAL EXPENSES $2,846,344

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,131,608	$3,376,873	-0.1%
Expenses	$2,846,344	$2,673,385	+0.1%
Net Income	$285,264	$703,488	-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

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

$85,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMB TAREQ ALBANAI	CHAIRMAN	5	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	20	Key Emp	$0	$0	$85,000

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	$3,131,608	$2,846,344	$38,115,242	$285,264
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