1715 PROPERTIES INC

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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

1983

Legal Domicile

Principal Officer

RAYMOND A PESCATORE

Phone

2157357422

Tax Period

2024-07-01 to 2025-06-30

1715 PROPERTIES INC, founded in 1983, is a small nonprofit that reported $454K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $713K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO HOLD TITLE TO PROPERTY, TO COLLECT THE INCOME THEREFROM, AND TURNOVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO CITIZENS ACTINGTOGETHER CAN HELP, INC., AND ANY OTHER QUALIFIED ORGANIZATIONS WHOARE EXEMPT FROM TAXATION UNDER 501(A) OF INTERNAL REVENUE CODE ANDWHO CONFORM TO REQUIREMENTS TO BE ESTABLISHED BY THE BOARD OFDIRECTORS FOR ELIGIBILITY TO RECEIVE SAID INCOME.

Program Service Accomplishments

Program 1

Expenses: $712,758 Revenue: $453,578

ACQUISITION OF AND LEASING OF REAL ESTATE FOR CATCH, INC.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $453,578

TOTAL REVENUE $453,578

Expense Breakdown

Grants Paid $600,000

Salaries & Benefits $112,758

Fundraising Expenses $0

Program Expenses $712,758

Other Expenses $0

TOTAL EXPENSES $712,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$453,578	$416,119	+0.1%
Expenses	$712,758	$612,780	+0.2%
Net Income	$-259,180	$-196,661	+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

Governance

Voting Members

Independent Members

Employees

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

$748,584

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROYAL BROWN	TREASURER	1.00	Officer Director	$6,000	$0	$6,000
CLAUDIA SHERROD	SECRETARY	1.00	Officer Director	$6,000	$0	$6,000
ANGELA PALMIERI	BOARD CHAIRPERSON	1.00	Officer Director	$3,000	$0	$3,000
JOHN PAONE	BOARD MEMBER	1.00	Director	$0	$0	$0
RAYMOND A PESCATORE	CEO	10.00	Officer	$78,000	$75,370	$625,121
JAMES KENNEDY	CFO	24.00	Officer	$26,400	$6,551	$108,463

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	$453,578	$712,758	$3,853,571	$-259,180
2024	$416,119	$612,780	$4,112,751	$-196,661
2023	$412,338	$912,801	$4,309,412	$-500,463
2022	$462,046	$167,671	$4,957,447	$294,375
2021	$408,578	$567,690	$4,833,925	$-159,112
2020	$330,575	$567,671	$5,157,021	$-237,096
2019	$281,144	$567,828	$5,551,602	$-286,684
2018	$274,965	$674,088	$5,995,192	$-399,123