GRIFFISS PARK LANDOWNERS ASSOCIATI… - 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

2008

Legal Domicile

Principal Officer

DR JOHN COSTELLO JR

Phone

3153380393

Tax Period

2024-01-01 to 2024-12-31

GRIFFISS PARK LANDOWNERS ASSOCIATION INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $481K in total revenue in fiscal year 2024. The organization ran a surplus of $73K, a strong 15% operating margin.

Mission

GRIFFISS PARK LANDOWNERS ASSOCIATION INC'S MISSION IS TO OWN, MANAGE, MAINTAIN, AND DEVELOP THE COMMON AREAS OF THE GRIFFISS BUSINESS AND TECHNOLOGY PARK. THEY ACCOMPLISH THIS BY LEVYING, COLLECTING, AND DISBURSING THE PERIODIC COMMON AREA ASSESSMENTS PAID BY PROPERTY OWNERS AND TENANTS.

Program Service Accomplishments

Program 1

Expenses: $391,921 Revenue: $480,701

TO OPERATE AND MAINTAIN THE COMMON PROPERTIES FOR THE BENEFIT OF THE MEMBERS OF THE ASSOICATION.

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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 $476,857

Investment Income $3,844

Other Revenue $0

TOTAL REVENUE $480,701

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $391,921

Other Expenses $405,003

TOTAL EXPENSES $407,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$480,701	$454,560	+0.1%
Expenses	$407,503	$449,721	-0.1%
Net Income	$73,198	$4,839	+14.1%

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

N/A

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
DR JOHN COSTELLO JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEAN SHLOTZHAUER	TREASURER	1.00	Officer Director	$0	$0	$0
NICHOLAS ALGER	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD BELLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTIAN MERCURIO	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SANZONE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN DIMEO	DIRECTOR	1.00	Director	$0	$0	$0
AARON TOMCZACK	DIRECTOR	1.00	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	$480,701	$407,503	$1,659,962	$73,198
2023	$454,560	$449,721	$1,608,235	$4,839
2022	$440,021	$347,881	$1,577,166	$92,140
2021	$415,928	$357,030	$1,491,275	$58,898
2020	$379,060	$313,553	$1,409,296	$65,507
2019	$371,779	$311,927	$1,342,225	$59,852
2018	$398,556	$349,294	$1,279,907	$49,262

GRIFFISS PARK LANDOWNERS ASSOCIATION INC