FOURTEEN ARNOLD AVENUE CORP C/O THE ARC

EIN: 222378929 Mutual Benefit

UTICA, NY

Total Revenue
$56,898
Total Expenses
$71,350
Total Assets
$1,582,304
Net Assets
$1,291,229
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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
1981
Legal Domicile
NY
Principal Officer
LELAND MCCORMAC III
Phone
3157356477
Tax Period
2025-01-01 to 2025-12-31

FOURTEEN ARNOLD AVENUE CORP C/O THE ARC, founded in 1981, is a micro nonprofit in the Mutual Benefit sector that reported $57K in total revenue in fiscal year 2025. Expenses of $71K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MISSION OF FOURTEEN ARNOLD AVENUE CORPORATION IS TO PROVIDE RENTAL REAL ESTATE FOR THE DISABLED.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,654
Investment Income $19,244
Other Revenue $0
TOTAL REVENUE $56,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $71,350
Other Expenses $71,350
TOTAL EXPENSES $71,350

Year-over-Year Comparison

2025 2024 Change
Revenue $56,898 $56,842 +0.0%
Expenses $71,350 $76,597 -0.1%
Net Income $-14,452 $-19,755 -0.3%
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

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Governance

Voting Members
14
Independent Members
14
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNA GRECO DIRECTOR 1.00
Director
$0 $0 $0
ZAIDA MORELL DIRECTOR 1.00
Director
$0 $0 $0
DR LAWRENCE FARAGO DIRECTOR 1.00
Director
$0 $0 $0
DAVID MATHIS DIRECTOR 1.00
Director
$0 $0 $0
DRJOHN KOWALCZYK DIRECTOR 1.00
Director
$0 $0 $0
STEVEN GASSNER DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE EGHIGIAN SECRETARY 5.00
Officer Director
$0 $0 $0
LELAND MCCORMAC III PRESIDENT 5.00
Officer Director
$0 $0 $0
RUTH RIDGWAY DIRECTOR 1.00
Director
$0 $0 $0
DRBRIAN BELLAIR VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
AL TAHAN DIRECTOR 1.00
Director
$0 $0 $0
EVON ERVIN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MCGRATH DIRECTOR 1.00
Director
$0 $0 $0
GREG RAAB TREASURER 5.00
Officer 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
2025 $56,898 $71,350 $1,582,304 $-14,452
2024 No data No data No data No data
2023 $162,630 $90,160 $1,463,314 $72,470
2022 $156,830 $92,229 $1,419,245 $64,601
2021 $69,324 $107,079 $1,390,293 $-37,755
2020 $104,981 $110,226 $1,474,485 $-5,245
2019 $154,010 $170,654 $1,535,345 $-16,644
2018 $200,698 $182,378 $1,656,900 $18,320
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