RED HOOK INITIATIVE

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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

2006

Legal Domicile

Principal Officer

MICHAEL PARTIS

Phone

7188586782

Tax Period

2024-07-01 to 2025-06-30

RED HOOK INITIATIVE, founded in 2006, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

RHI BELIEVES THAT SOCIAL CHANGE TO OVERCOME SYSTEMIC INEQUITIES BEGINS WITH EMPOWERED YOUTH. IN PARTNERSHIP WITH COMMUNITY ADULTS, WE NURTURE YOUNG PEOPLE IN RED HOOK TO BE INSPIRED, RESILIENT, AND HEALTHY, AND TO ENVISION THEMSELVES AS CO-CREATORS OF THEIR LIVES, COMMUNITY AND SOCIETY. WE ENVISION A RED HOOK WHERE ALL YOUNG PEOPLE CAN PURSUE THEIR DREAMS AND GROW INTO INDEPENDENT ADULTS WHO CONTRIBUTE TO THEIR FAMILIES AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,074,425

COMMUNITY BUILDING: ADVOCACY AND ORGANIZING HAS ALWAYS BEEN A KEY ELEMENT OF OUR WORK AT RHI,RECOGNIZING THE NEED TO ADDRESS SYSTEMIC ISSUES FACING THE NEIGHBORHOOD ALONGSIDE OUR YOUTH DEVELOPMENT...

COMMUNITY BUILDING: ADVOCACY AND ORGANIZING HAS ALWAYS BEEN A KEY ELEMENT OF OUR WORK AT RHI,RECOGNIZING THE NEED TO ADDRESS SYSTEMIC ISSUES FACING THE NEIGHBORHOOD ALONGSIDE OUR YOUTH DEVELOPMENT APPROACH. OUR PROGRAMS WORK TOWARD TWO GOALS: TO IMPROVE THE HEALTH OF RESIDENTS OF PUBLIC HOUSING IN RED HOOK AND TO STRENGTHEN THE RESILIENCY OF THE RED HOOK COMMUNITY. THE WORK OF THIS PROGRAM SEEKS TO ADDRESS THE ROOT CAUSES OF THE ISSUES RESIDENTS FACE, POSITIVELY IMPACTING THE LIVES OF OVER 6,500 RED HOOK HOUSES RESIDENTS EACH YEAR.THROUGH OUR BENEFITS ACCESS WORK, WE SERVED NEARLY 600 RESIDENTS IN BENEFITS ACCESS INCLUDING: HOUSING REPAIR SUPPORT AND ADVOCACY, SNAP AND ONE SHOT DEAL ENROLLMENT, TRANSLATION SERVICES, AND REFERRALS TO COMMUNITY PARTNERS FOR ADDITIONAL SUPPORT.

Program 2

Expenses: $804,085 Revenue: $8,096

RED HOOK FARMS: WE HARVESTED NEARLY 20,000 POUNDS OF PRODUCE--INCREASING ACCESS TO FRESH, AFFORDABLE PRODUCE AND PROVIDING NUTRITION EDUCATION THAT INTRODUCES VEGETABLES, FRUIT AND HEALTHY, DELICIOUS WAYS TO PREPARE THEM, ARE CONCRETE WAYS WE ARE MEETING THE BASIC NEEDS OF RED HOOK'S PUBLIC HOUSING RESIDENTS AND COMBATING THE PUBLIC HEALTH CRISIS.

Program 3

Expenses: $629,075

ADOLESCENT YOUTH: RHI PROVIDES COMPREHENSIVE AFTER SCHOOL PROGRAMMING FOR ALMOST 200 MIDDLE AND HIGH SCHOOL STUDENTS. WE OFFER 40 MIDDLE SCHOOL AGED YOUTH EACH ACADEMIC YEAR AND 20 DURING THE...

ADOLESCENT YOUTH: RHI PROVIDES COMPREHENSIVE AFTER SCHOOL PROGRAMMING FOR ALMOST 200 MIDDLE AND HIGH SCHOOL STUDENTS. WE OFFER 40 MIDDLE SCHOOL AGED YOUTH EACH ACADEMIC YEAR AND 20 DURING THE SUMMERTIME. MIDDLE SCHOOL SCHOLARS USE SUPPORT TO WORK TOWARD ACADEMIC SUCCESS, BEGIN CAREER AND COLLEGE EXPLORATION, DEVELOP LIFE SKILLS, STRENGTHEN SOCIAL SUPPORTS AND EXERCISE THEIR LEADERSHIP IN RED HOOK. RHI PROVIDES COMPREHENSIVE PROGRAMMING FOR 120 RED HOOK YOUTH ATTENDING HIGH SCHOOL, AS THEY WORK TOWARD THEIR HIGH SCHOOL DIPLOMA, DEVELOP A POST-SECONDARY PLAN, GAIN PAID JOB TRAINING AND WORK EXPERIENCE, STRENGTHEN THEIR SOCIAL SUPPORTS AND EXERCISE THEIR LEADERSHIP IN THE COMMUNITY. APPROXIMATELY 20 OF THESE HIGH SCHOOL-AGED YOUTH RECEIVE COLLEGE ACCESS SUPPORT.

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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 $4,214,357

Program Service Revenue $8,096

Investment Income $18,580

Other Revenue $22,304

TOTAL REVENUE $4,263,337

Expense Breakdown

Grants Paid $235,136

Salaries & Benefits $3,438,438

Fundraising Expenses $480,502

Program Expenses $3,522,434

Other Expenses $1,350,532

TOTAL EXPENSES $5,024,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,263,337	$4,625,356	-0.1%
Expenses	$5,024,106	$4,700,497	+0.1%
Net Income	$-760,769	$-75,141	+9.1%

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

187

Volunteers

450

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

$284,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON HOLLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANDA PRABHAKAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE SUTTLES	TREASURER	1.00	Officer Director	$0	$0	$0
MARIA MOTTOLA	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL LEE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
GREGG BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA KATZ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WHEARY	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SUE NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CORREIA	DIRECTOR	1.00	Director	$0	$0	$0
MILLICENT COMRIE MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
PAXTON BARNES	DIRECTOR	1.00	Director	$0	$0	$0
ALISON MASCHMEYER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PARTIS	EXECUTIVE DIRECTOR	40.00	Officer	$180,423	$0	$180,423
YVONNE BRATHWAITE	CHIEF PROGRAM & POLICY OFF	40.00	Officer	$104,046	$0	$104,046
APHIA PHILLIP	CHIEF ADMINISTRATIVE OFFIC	40.00	Highest	$141,527	$0	$141,527
CATHERINE MCBRIDE	DIRECTOR OF COMMUNITY BUILDING	40.00	Highest	$107,800	$0	$107,800

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	$4,263,337	$5,024,106	$3,692,871	$-760,769
2024	$4,625,356	$4,700,497	$4,519,203	$-75,141
2023	$3,408,492	$5,117,406	$4,719,238	$-1,708,914
2022	$7,948,570	$4,622,219	$5,851,834	$3,326,351
2021	$3,769,963	$4,378,208	$3,639,302	$-608,245
2020	$5,587,154	$4,592,531	$3,528,835	$994,623
2019	$4,418,874	$4,281,909	$2,356,002	$136,965