BROCKPORT, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ROYAL GARDENS DEVELOPMENT FUND COMPANY PROJECT NO 014-EH282, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $884K in total revenue in fiscal year 2024. Expenses of $834K left a modest 6% surplus.
THE ORGANIZATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NON-PROFIT BASIS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, SAID PROJECT KNOWN AS ROYAL GARDENS APARTMENTS AND LOCATED AT 100 ROYAL GARDENS WAY, BROCKPORT,NEW YORK.
CORPORATION WAS FORMED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF NYS, EXCLUSIVELY TO OWN AND OPERATE A HOUSING PROJECT FOR THE ELDERLY AND LOW INCOME HANDICAPPED. THE 74 UNIT...
CORPORATION WAS FORMED PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF NYS, EXCLUSIVELY TO OWN AND OPERATE A HOUSING PROJECT FOR THE ELDERLY AND LOW INCOME HANDICAPPED. THE 74 UNIT PROJECT WAS FULLY RENTED FOR ITS ENTIRE FISCAL YEAR TO QUALIFIED PARTICIPANTS UNDER DEPARTMENT OF HUD REGULATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $883,861 | $859,869 | +0.0% |
| Expenses | $834,434 | $754,512 | +0.1% |
| Net Income | $49,427 | $105,357 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAN BRADT | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARB O'CONNOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK HILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL MORICH | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARTHA MCCUTCHEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARL KESSELRING | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $883,861 | $834,434 | $2,581,359 | $49,427 |
| 2024 | $859,869 | $754,512 | $2,613,577 | $105,357 |
| 2023 | $827,408 | $767,859 | $2,585,216 | $59,549 |
| 2022 | $783,298 | $776,979 | $2,637,037 | $6,319 |
| 2021 | $785,571 | $719,012 | $2,677,282 | $66,559 |
| 2020 | $775,455 | $700,378 | $2,700,006 | $75,077 |
| 2019 | $755,667 | $692,940 | $2,681,475 | $62,727 |
| 2018 | $747,210 | $691,289 | $2,829,239 | $55,921 |
Compare ROYAL GARDENS DEVELOPMENT FUND COMPANY PROJECT NO 014-EH282 with other nonprofits in New York and across the country.