RESTORING URBAN NEIGHBORHOODS LLC

EIN: 264577399 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$-50,692
Total Expenses
$796,385
Total Assets
$19,525,581
Net Assets
$-2,963,498
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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
2009
Legal Domicile
DE
Principal Officer
MR SALVATORE D'AVOLA
Phone
2125848981
Tax Period
2023-01-01 to 2023-12-31

RESTORING URBAN NEIGHBORHOODS LLC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2023. Revenue fell 252% from the prior year — a significant decline worth monitoring.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABILIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $565,600
Program Service Revenue $0
Investment Income $-616,292
Other Revenue $0
TOTAL REVENUE $-50,692

Expense Breakdown

Grants Paid $347,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $682,301
Other Expenses $448,885
TOTAL EXPENSES $796,385

Year-over-Year Comparison

2023 2022 Change
Revenue $-50,692 $33,295 -2.5%
Expenses $796,385 $396,234 +1.0%
Net Income $-847,077 $-362,939 +1.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
12

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
8
$289,361
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN SEGEL PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTIE PEALE DIRECTOR 1.00
Director
$0 $0 $0
JANE SILVERMAN DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY DARGA OUTGOING DIRECTOR 1.00
Director
$0 $0 $0
LYDIA TOM OUTGOING SECRETARY 1.00
Officer Director
$0 $0 $0
NICHOLAS LEMBO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
VALERIE WHITE OUTGOING TREASURER 1.00
Officer Director
$0 $0 $0
VICTORIA BARRECA SECRETARY 1.00
Officer Director
$0 $0 $0
ARTURO SUAREZ TREASURER 1.00
Officer Director
$0 $0 $0
TONYA ORES DIRECTOR 1.00
Director
$0 $0 $0
ANNETTA SEECHARRAN DIRECTOR 1.00
Director
$0 $0 $0
XIOMARA PEDRAZA DIRECTOR 1.00
Director
$0 $0 $0
RICHARD PINNER ASSISTANT SECRETARY 1.00
Officer
$0 $0 $0
SALVATORE D'AVOLA ASSISTANT SECRETARY 4.00
Officer
$0 $25,032 $289,361
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 No data No data No data No data
2023 $-50,692 $796,385 $19,525,581 $-847,077
2022 $33,295 $396,234 $20,169,682 $-362,939
2021 $129,869 $350,452 $13,931,811 $-220,583
2020 $730,106 $981,838 $8,108,660 $-251,732
2019 $863,081 $1,235,174 $9,678,251 $-372,093
2018 $1,245,344 $2,057,716 $12,770,661 $-812,372
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