STANTON NORFOLK 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

2008

Legal Domicile

Principal Officer

THOMAS YU

Phone

2124772265

Tax Period

2024-01-01 to 2024-12-31

STANTON NORFOLK INC, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2024.

Mission

TO PROMOTE, PRESERVE, MANAGE, AND MAINTAIN AFFORDABLE HOUSING; PROVIDE ASSISTANCE AND SPACE FOR SMALL BUSINESSES THAT BENEFIT THE COMMUNITY; AND TO CO-ORDINATE RELATED TENANT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $3,733,154 Revenue: $4,878,244

AFFORDABLE HOUSING: PROMOTION, PRESERVATION, MANAGEMENT, AND MAINTENANCE OF AFFORDABLE HOUSING - INCLUDING COORDINATING TENANT SERVICES. STANTON OVERSEES IN EXCESS OF 1034 AFFORDABLE HOUSING UNITS...

AFFORDABLE HOUSING: PROMOTION, PRESERVATION, MANAGEMENT, AND MAINTENANCE OF AFFORDABLE HOUSING - INCLUDING COORDINATING TENANT SERVICES. STANTON OVERSEES IN EXCESS OF 1034 AFFORDABLE HOUSING UNITS LOCATED IN LOWER MANHATTAN AND QUEENS.

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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 $4,782,380

Investment Income $25

Other Revenue $107,144

TOTAL REVENUE $4,889,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,073,952

Fundraising Expenses $0

Program Expenses $3,733,154

Other Expenses $1,056,984

TOTAL EXPENSES $5,130,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,889,549	$4,998,959	0.0%
Expenses	$5,130,936	$4,738,643	+0.1%
Net Income	$-241,387	$260,316	-1.9%

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

N/A

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

$1,242,683

Total Directors

$1,045,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HSUEH LAM YAN	DIRECTOR, ASSET & PROPERTY MGMT.	24.00	Officer Director	$193,724	$26,543	$220,267
MY T CHANG	VP/CHIEF OF STAFF	1.00	Officer Director	$0	$9,430	$208,865
HUI-YUAN NELSON CHAN	TREASURER	1.00	Officer Director	$0	$64,387	$270,854
THOMAS YU	PRESIDENT/EXECUTIVE DIRECT	3.00	Officer Director	$0	$61,872	$345,979
JOY SUZANNE GRANADO	CHIEF ACCOUNTING OFFICER (OUTGOING)	1.00	Officer	$0	$21,446	$196,718
YUN TIN SALLY NG	MGR, ACCT & CONTROLLER	35.00	Highest	$121,847	$25,359	$147,206

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	$4,889,549	$5,130,936	$5,367,877	$-241,387
2023	$4,998,959	$4,738,643	$5,610,868	$260,316
2022	$4,641,919	$4,200,548	$5,562,206	$441,371
2021	$4,265,689	$3,423,072	$4,619,975	$842,617
2020	$3,313,282	$3,686,126	$3,888,074	$-372,844
2019	$3,432,741	$3,146,343	$3,605,014	$286,398
2018	$2,529,741	$2,172,113	$3,312,664	$357,628