NY CAPITAL REGION APARTMENT ASSOCI… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

MICHAEL STEURER

Phone

5184560927

Tax Period

2024-01-01 to 2024-12-31

NY CAPITAL REGION APARTMENT ASSOCIATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $325K in total revenue in fiscal year 2024. Expenses of $283K left a modest 13% surplus.

Mission

THE NY CAPITAL REGION APARTMENT ASSOCIATION (NYCRAA) WAS FOUNDED WITH THE PURPOSE OF JOINING TOGETHER SMALL AND LARGE OWNERS OF REAL ESTATE FOR THEIR MUTUAL BENEFIT. THE ORGANIZATION IS COMPRISED OF MEMBERS WHO WORK IN FIELDS RELATED TO THE HOUSING INDUSTRY.

Program Service Accomplishments

Program 1

PROVIDING OWNERS, MANAGERS AND STAFF OF MULTI-DWELLING RENTAL PROPERTIES AND OTHERS WHO WORK IN FIELDS RELATED TO THE HOUSING INDUSTRY WITH THE TOOLS NEEDED TO KEEP THEIR COMPANIES MOVING AHEAD...

PROVIDING OWNERS, MANAGERS AND STAFF OF MULTI-DWELLING RENTAL PROPERTIES AND OTHERS WHO WORK IN FIELDS RELATED TO THE HOUSING INDUSTRY WITH THE TOOLS NEEDED TO KEEP THEIR COMPANIES MOVING AHEAD THROUGH EDUCATION, TRAINING OPPORTUNITIES, REPRESENTATION AND VARIOUS RESOURCES.

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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 $162,063

Program Service Revenue $155,354

Investment Income $0

Other Revenue $7,864

TOTAL REVENUE $325,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $282,557

TOTAL EXPENSES $282,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,281	$315,893	+0.0%
Expenses	$282,557	$246,369	+0.1%
Net Income	$42,724	$69,524	-0.4%

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
KARA RAFFERTY	PRESIDENT	10.00	Officer Director	$0	$0	$0
TAMMY FREDENBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE STEURER	TREASURER	5.00	Officer Director	$0	$0	$0
MEGAN TETLACK	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
CHRISTINE O'CONNELL MORE	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALYA RODRIGUEZ	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
SELVIA TOMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA GRIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM DEE	BOARD MEMBER	1.00	Director	$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	$325,281	$282,557	$142,388	$42,724
2023	$315,893	$246,369	$99,664	$69,524
2023	$315,893	$246,369	$99,664	$69,524
2022	$211,782	$247,080	$30,140	$-35,298
2021	$208,505	$200,128	$65,438	$8,377
2020	$242,643	$206,759	$57,061	$35,884

NY CAPITAL REGION APARTMENT ASSOCIATION INC