FORDHAM ROAD DISTRICT MANAGEMENT A… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

WILMA ALONSO

Phone

7185622104

Tax Period

2022-07-01 to 2023-06-30

FORDHAM ROAD DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 5% surplus.

Mission

THE ORGANIZATION PROVIDES SUPPLEMENTAL SANITATION, PUBLIC SAFETY, STREETSCAPE IMPROVEMENT, VISITOR INFORMATION AND COMMERCIAL SUPPORT SERVICES TO PROPERTY OWNERS, BUSINESSES AND RESIDENTS OF AN AREA ESTABLISHED AS A BUSINESS IMPROVEMENT DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $513,068

SANITATION PROGRAM INCLUDES SWEEPING OF SIDEWALKS, REMOVAL OF PUBLIC TRASH, REMOVAL OF GRAFFITI, PAINTING OF STREET FURNITURE, SUPPLEMENTAL SANITATION SERVICES, AND COORDINATION BETWEEN NYC DEPT OF...

Program 2

Expenses: $352,718

MARKETING AND PROMOTION PROGRAM INCLUDES PROMOTING THE DISTRICT TO WORKERS, RESIDENTS AND TOURISTS AND TO RETAIN AND DEVELOP PROSPECTIVE BUSINESSES, DISTRIBUTION OF FREE PRINTED MATERIALS INCLUDING...

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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 (2022)

Revenue Breakdown

Contributions & Grants $227,668

Program Service Revenue $1,010,000

Investment Income $442

Other Revenue $0

TOTAL REVENUE $1,238,110

Expense Breakdown

Grants Paid $48,964

Salaries & Benefits $339,520

Fundraising Expenses $68,250

Program Expenses $865,786

Other Expenses $789,831

TOTAL EXPENSES $1,178,315

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,238,110	$1,131,947	+0.1%
Expenses	$1,178,315	$1,077,520	+0.1%
Net Income	$59,795	$54,427	+0.1%

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

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

$219,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROSE	CHAIRPERSON & INTERIM TREASURER	0.50	Officer Director	$0	$0	$0
JASON MIZRAHI	VICE CHAIR	0.50	Officer Director	$0	$0	$0
WILLIAM COLONA	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID DIAMOND	VICE SECRETARY	0.50	Officer Director	$0	$0	$0
ALAN JEMAL	BOARD-MEMBER	0.50	Director	$0	$0	$0
ANTHONY WALLACE	BOARD-MEMBER	0.50	Director	$0	$0	$0
CHARLES CHERA	BOARD-MEMBER	0.50	Director	$0	$0	$0
ELIZA JACOBSON	BOARD-MEMBER	0.50	Director	$0	$0	$0
FRANK BAGATTA	BOARD-MEMBER	0.50	Director	$0	$0	$0
FRANK DE LEONARDIS	BOARD-MEMBER	0.50	Director	$0	$0	$0
JOHN MCGINLEY	BOARD-MEMBER	0.50	Director	$0	$0	$0
KHADIM NIANG	BOARD-MEMBER	0.50	Director	$0	$0	$0
MARSHALL STRAWBRIDGE	BOARD-MEMBER	0.50	Director	$0	$0	$0
MICHAEL HIRSCHHORN	BOARD-MEMBER	0.50	Director	$0	$0	$0
RAFAEL ROGERS	BOARD-MEMBER	0.50	Director	$0	$0	$0
RICHARD GONZALEZ	BOARD-MEMBER	0.50	Director	$0	$0	$0
SAMUEL JEMAL	BOARD-MEMBER	0.50	Director	$0	$0	$0
STEPHANIE RODDY	BOARD-MEMBER	0.50	Director	$0	$0	$0
STORY HESS	BOARD-MEMBER	0.50	Director	$0	$0	$0
THEONA REETS	BOARD-MEMBER	0.50	Director	$0	$0	$0
WILMA ALONSO	PRESIDENT & CHIEF EXECUTIVE DIRECTOR	45.00	Officer	$131,555	$88,085	$219,640

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	No data	No data	No data	No data
2023	$1,238,110	$1,178,315	$572,504	$59,795
2022	$1,131,947	$1,077,520	$406,001	$54,427
2021	$1,089,345	$1,001,250	$349,651	$88,095
2020	$1,204,909	$1,017,491	$281,206	$187,418
2019	$1,075,989	$990,698	$141,133	$85,291
2018	$899,878	$962,228	$136,880	$-62,350

FORDHAM ROAD DISTRICT MANAGEMENT ASSOCIATION INC