BROOKLYN GREENWAY INITIATIVE

EIN: 203283721 501(c)(3) Environment

BROOKLYN, NY

Total Revenue
$421,517
Total Expenses
$527,497
Total Assets
$224,762
Net Assets
$212,590
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
HUNTER ARMSTRONG
Phone
7185220193
Tax Period
2023-01-01 to 2023-12-31

BROOKLYN GREENWAY INITIATIVE, founded in 2004, is a small nonprofit in the Environment sector that reported $422K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $527K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO CAUSE THE CREATION AND LONG-TERM MAINTENANCE OF THE BROOKLYN WATERFRONT GREENWAY. THE CORPORATION IS ORGANIZIED EXCLUSIVELY TO CREATE AND SUSTAIN WATERFRONT ACCESS AND OPEN SPACE IN THE HUDSON RIVER ESTUARY BY OBTAINING, DEVELOPING AND MAINTAINING LAND FOR GREENWAYS.

Program Service Accomplishments

Program 1
Expenses: $414,800 Revenue: $53

THE ORGANIZATION'S LARGEST PROGRAM BY EXPENSE IS RELATED TO THE DEVELOPMENT, ESTABLISHMENT, AND STEWARDSHIP OF THE BROOKLYN WATERFRONT GREENWAY AS VITAL PUBLIC INFRASTRUCTURE THAT SERVES RESIDENTS...

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THE ORGANIZATION'S LARGEST PROGRAM BY EXPENSE IS RELATED TO THE DEVELOPMENT, ESTABLISHMENT, AND STEWARDSHIP OF THE BROOKLYN WATERFRONT GREENWAY AS VITAL PUBLIC INFRASTRUCTURE THAT SERVES RESIDENTS, EMPLOYEES, AND VISITORS ACROSS BROOKLYN AS A TRANSPORTATION AND RECREATION CORRIDOR. THE 26-MILE PLANNED GREENWAY FROM GREENPOINT TO EAST NEW YORK IS MORE THAN 75% COMPLETE WITH GAPS REMAINING ONLY IN VINEGAR HILL, RED HOOK, SUNSET PARK, AND SOUTH BROOKLYN. GREENWAY PLANNING, DESIGN AND CONSTRUCTION UNDERWAY IN 2021 INCLUDED SEGMENTS IN WALLABOUT, RED HOOK, GOWANUS, SUNSET PARK, AND BAY RIDGE.IN 2021, BROOKLYN GREENWAY INITIATIVE (BGI) MEASURED MORE THAN 1.3 MILLION GREENWAY USERS IN ONE LOCATION, HIGHLIGHTING ITS IMPORTANCE AS SAFE ACCESSIBLE OPEN SPACE AND MOBILITY INFRASTRUCTURE, AND ADDING PHYSICAL AND COMMUNITY RESILIENCE TO NEW YORK CITY'S OVERALL SYSTEM OF TRANSPORTATION INFRASTRUCTURE.WORKING WITH MULTIPLE PUBLIC AND PRIVATE PARTNERS AND ADVISORS, BGI IN 2021 ADVANCED THE BROOKLYN WATERFRONT GREENWAY USER STUDY TO DOCUMENT HOW THE GREENWAY SERVES AS A TRANSPORTATION, CLIMATE, AND COMMUNITY SOLUTION THAT SERVES ALL BROOKLYN COMMUNITIES EQUITABLY. YEAR TWO OF THIS PROJECT ENTAILED SITE SELECTION FOR A SERIES OF DATA COLLECTION SENSORS IN THE RESEARCH AREA WHILE LAUNCHING FIELD AND DIGITAL RESEARCH PROTOCOLS. DATA COLLECTION IS ONGOING THROUGH 2023. AT THE END OF THE PROJECT BGI WILL PUBLISH FINDINGS IN A PUBLIC REPORT.PUBLIC EVENTS ARE AN IMPORTANT MEANS OF RAISING AWARENESS AND ACTIVATING USE OF THE GREENWAY AS WELL AS ENSURING ITS CONTINUED DEVELOPMENT AND LONG-TERM STEWARDSHIP. IN 2021 BGI PRODUCED "GREENWAY ADVENTURES NYC" TO ENCOURAGE AND ENABLE SELF-GUIDED EXPLORATION OF GREENWAY ROUTES ACROSS NEW YORK CITY AND THE NEW MOBILITY OPPORTUNITIES THIS DISCOVERY AFFORDS. MORE THAN 7,000 PEOPLE PARTICIPATED IN THIS SUMMER-LONG EVENT.BGI'S NAVAL CEMETERY LANDSCAPE (NCL) - AN AWARD WINNING 1.7-ACRE PUBLICLY ACCESSIBLE LIVING MEMORIAL AND NATIVE POLLINATOR HABITAT ALONG THE GREENWAY AT THE BROOKLYN NAVY YARD - BEGAN ITS 6TH YEAR OF OPERATION SINCE OPENING TO THE PUBLIC IN 2016. IN 2021, BGI ENGAGED MORE THAN 13,000 LOCAL COMMUNITY MEMBERS AND THE GENERAL PUBLIC THROUGH NCL OPEN HOURS AND BY PROVIDING FREE PUBLIC PROGRAMS THROUGHOUT THE YEAR. IN ALL, BGI'S EFFORTS IN 2021 SERVED MILLIONS OF GREENWAY USERS, MORE THAN 13,000 NAVAL CEMETERY LANDSCAPE VISITORS, AND APPROXIMATELY 10,000 PEOPLE THROUGH PUBLIC ENGAGEMENT EVENTS AND PROGRAMS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $421,462
Program Service Revenue $53
Investment Income $2
Other Revenue $0
TOTAL REVENUE $421,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $378,494
Fundraising Expenses $44,240
Program Expenses $414,800
Other Expenses $149,003
TOTAL EXPENSES $527,497

Year-over-Year Comparison

2023 2022 Change
Revenue $421,517 $919,454 -0.5%
Expenses $527,497 $818,971 -0.4%
Net Income $-105,980 $100,483 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
10
Volunteers
165

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
5
$145,144
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW SIMONS CHAIR 1.00
Officer Director
$0 $0 $0
AMY E TURNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATE COLLIGNON SECRETARY 1.00
Officer Director
$0 $0 $0
TED WEISSBERG TREASURER 1.00
Officer Director
$0 $0 $0
DEBORAH FLYNN DIRECTOR 1.00
Director
$0 $0 $0
ERIC J PITT DIRECTOR 1.00
Director
$0 $0 $0
GORDON HILL DIRECTOR 1.00
Director
$0 $0 $0
KATI SOLOMON DIRECTOR 1.00
Director
$0 $0 $0
PAUL GERTNER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD B MILLER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT PIRANI DIRECTOR 1.00
Director
$0 $0 $0
SCOTT DEMEL DIRECTOR 1.00
Director
$0 $0 $0
SUMNER PINGREE DIRECTOR 1.00
Director
$0 $0 $0
TERESA L CARTA DIRECTOR 1.00
Director
$0 $0 $0
WES JACOBS DIRECTOR 1.00
Director
$0 $0 $0
HUNTER ARMSTRONG EXECUTIVE DIRECTOR 40.00
Officer
$145,144 $0 $145,144
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 $421,517 $527,497 $224,762 $-105,980
2022 $919,454 $818,971 $569,072 $100,483
2021 $657,211 $729,473 $362,698 $-72,262
2020 $990,875 $675,350 $436,972 $315,525
2019 $422,270 $472,698 $123,618 $-50,428
2018 $590,834 $724,190 $414,144 $-133,356
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