OYSTER BAY URBAN RENEWAL INC (EIN 237242529) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

JOSEPH CAREY

Phone

7322642711

Tax Period

2023-10-01 to 2024-09-30

OYSTER BAY URBAN RENEWAL INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $699K, a strong 16% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO BUILD AND OPERATE LOW AND MODERATE INCOME HOUSING UNDER A SECTION 236 INTEREST REDUCTION PROGRAM FOR 208 UNITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,623,792

Program Service Revenue $1,472,259

Investment Income $124,018

Other Revenue $29,692

TOTAL REVENUE $4,249,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,073,556

Other Expenses $3,551,107

TOTAL EXPENSES $3,551,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,249,761	$3,921,416	+0.1%
Expenses	$3,551,107	$3,433,122	+0.0%
Net Income	$698,654	$488,294	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CAREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BURNS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL WALLING	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA WEBER	DIRECTOR	1.00	Officer Director	$0	$0	$0
NICHOLAS VECCHIO	DIRECTOR	1.00	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
2024	$4,249,761	$3,551,107	$24,121,062	$698,654
2023	$3,921,416	$3,433,122	$23,629,118	$488,294
2022	$3,882,737	$3,257,691	$23,250,569	$625,046
2021	$4,221,120	$2,916,462	$23,097,142	$1,304,658
2020	$3,631,912	$2,349,424	$25,043,730	$1,282,488
2019	$3,069,904	$1,563,399	$8,155,833	$1,506,505
2018	$3,283,542	$1,518,383	$8,156,645	$1,765,159

OYSTER BAY URBAN RENEWAL INC