New Kensington Community Development Corp

EIN: 222610536 501(c)(3)

Philadelphia, PA

Total Revenue
$7,527,483
Total Expenses
$4,601,840
Total Assets
$13,880,549
Net Assets
$9,636,510
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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
1985
Legal Domicile
PA
Principal Officer
WILLIAM MCKINNEY
Phone
2154270350
Tax Period
2023-07-01 to 2024-06-30

New Kensington Community Development Corp, founded in 1985, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 39% operating margin.

Mission

NKCDC DRAWS ON THE STRENGTHS OF THE COMMUNITY TO EMPOWER RESIDENTS AND PROMOTE RESIDENT DRIVEN DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,947,931
Program Service Revenue $388,444
Investment Income $32,795
Other Revenue $158,313
TOTAL REVENUE $7,527,483

Expense Breakdown

Grants Paid $249,249
Salaries & Benefits $3,005,373
Fundraising Expenses $252,141
Program Expenses $3,592,220
Other Expenses $1,347,218
TOTAL EXPENSES $4,601,840

Year-over-Year Comparison

2023 2022 Change
Revenue $7,527,483 $3,943,941 +0.9%
Expenses $4,601,840 $4,575,064 +0.0%
Net Income $2,925,643 $-631,123 -5.6%
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

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Governance

Voting Members
16
Independent Members
16
Employees
69
Volunteers
16

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
$163,140
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MCKINNEY EXECUTIVE DIRECTOR 40.0
Officer
$146,940 $16,200 $163,140
Nicole Westerman Deputy Executive Director 40.0
Highest
$110,541 $10,194 $120,735
FRANK IANNUZZI PRESIDENT 2.0
Officer Director
$0 $0 $0
RALPH WHITFIELD VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
DEBORAH MCCOLLOCH TREASURER 2.0
Officer Director
$0 $0 $0
MICHAEL ALLES SECRETARY 2.0
Officer Director
$0 $0 $0
KEIKO TSURUTA CRAMER BOARD MEMBER 2.0
Director
$0 $0 $0
CAITLIN SHULER ESQ BOARD MEMBER 2.0
Director
$0 $0 $0
MICHAEL ACCIANI BOARD MEMBER 2.0
Director
$0 $0 $0
LUIS GONZALEZ BOARD MEMBER 2.0
Director
$0 $0 $0
REVEREND RICHARD HARRIS BOARD MEMBER 2.0
Director
$0 $0 $0
CARLOS MASIP BOARD MEMBER 2.0
Director
$0 $0 $0
WILLIAM PACE MD BOARD MEMBER 2.0
Director
$0 $0 $0
ANGEL ROSA BOARD MEMBER 2.0
Director
$0 $0 $0
SANDY SALZMAN BOARD MEMBER 2.0
Director
$0 $0 $0
WES WILLISON BOARD MEMBER 2.0
Director
$0 $0 $0
RICHARD FREEH BOARD MEMBER 2.0
Director
$0 $0 $0
KAYLA AKPAN BOARD MEMBER 2.0
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 No data No data No data No data
2024 $7,527,483 $4,601,840 $13,880,549 $2,925,643
2023 $3,943,941 $4,575,064 $10,006,839 $-631,123
2022 $3,789,688 $3,922,125 $10,732,442 $-132,437
2021 $4,201,453 $3,123,114 $10,615,828 $1,078,339
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