Myrtle Avenue Commercial Revitalization and Development Project LDC (EIN 311706307) - 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

1999

Legal Domicile

Phone

7182301689

Tax Period

2021-09-01 to 2022-08-31

Myrtle Avenue Commercial Revitalization and Development Project LDC, founded in 1999, is a micro nonprofit that reported $2K in total revenue in fiscal year 2021. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $116K exceeded revenue, resulting in a 6819% operating deficit.

Mission

The Myrtle Avenue Commercial Revitalization and Development Project LDC is a not-for-profit organization incorporated under New York State Law in 1999. The Corporation was formed for the charitable and public purpose of restoring the "Main Street" of the Fort Greene/Clinton Hill community in Brooklyn, New York to a bustling, economically vital neighborhood commercial corridor that will provide entrepreneurial, cultural, recreational and employment opportunities for all those who live, work, study or otherwise have an interest in the area.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,500

Program Service Revenue $0

Investment Income $171

Other Revenue $0

TOTAL REVENUE $1,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,807

Other Expenses $115,609

TOTAL EXPENSES $115,609

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,671	$630	+1.7%
Expenses	$115,609	$108,674	+0.1%
Net Income	$-113,938	$-108,044	+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

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	Role	Reportable Comp	Other Comp	Total
JED MARCUS	Trustee	Director	$0	$0	$0
LEAH FLAX	Trustee	Director	$0	$0	$0
GARY HATTEM	Trustee	Director	$0	$0	$0
JOHN DEW	Trustee	Director	$0	$0	$0
BERNELL GRIER	Trustee	Director	$0	$0	$0
MICHAEL MASSIAH	Trustee	Director	$0	$0	$0
SUDHA SEETHARAMAN	Trustee	Director	$0	$0	$0
ANN DANIELS	Chairman	Officer	$0	$0	$0
MICHAEL BANACH	Treasurer	Officer	$0	$0	$0
EMILY AHN LEVY	Secretary	Officer	$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
2022	$1,671	$115,609	No data	$-113,938
2021	$630	$108,674	$416,878	$-108,044
2020	$253,535	$378,440	$527,378	$-124,905
2019	$549,526	$592,037	$630,667	$-42,511
2018	$688,817	$693,262	$682,717	$-4,445

Myrtle Avenue Commercial Revitalization and Development Project LDC