FIFTH AVENUE CORPORATION

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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

1987

Legal Domicile

Principal Officer

FRAN KILBURG

Phone

6192352315

Tax Period

2019-01-01 to 2019-12-31

FIFTH AVENUE CORPORATION, founded in 1987, is a small nonprofit that reported $133K in total revenue in fiscal year 2019. Revenue surged 146% from the prior year, signaling strong growth momentum. Expenses of $127K left a modest 5% surplus.

Mission

THE CORPORATION'S PURPOSE IS TO PROVIDE NEEDY ELDERLY WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1

Expenses: $119,662 Revenue: $24,180

FIFTH AVENUE CORPORATION, A CA NON PROFIT ORGANIZATION, WAS THE MANAGING GENERAL PARTNER IN TWO LOCAL SENIOR HOUSING PROJECTS: SENIOR FIFTH AVENUE ASSOCIATES/SANFORD HOTEL AND NEW PALACE...

FIFTH AVENUE CORPORATION, A CA NON PROFIT ORGANIZATION, WAS THE MANAGING GENERAL PARTNER IN TWO LOCAL SENIOR HOUSING PROJECTS: SENIOR FIFTH AVENUE ASSOCIATES/SANFORD HOTEL AND NEW PALACE ASSOCIATES/NEW PALACE HOTEL. THE SANFORD HOTEL RECEIVED SUPPORT AND ASSISTANCE FOR OVER TWENTY-ONE YEARS UNTIL IT SOLD/TRANSFERRED TO HDP, THE NON PROFIT ARM OF THE SAN DIEGO HOUSING COMMISSION, THE PUBLIC HOUSING AUTHORITY FOR THE CITY OF SAN DIEGO IN 2010, THEREBY PRESERVING 130 LOW INCOME ELDERLY RENTAL UNITS FOR AN ADDITIONAL FIFTY YEARS. IN 2016 THE NEW PALACE HOTEL WAS SOLD/TRANSFERRED TO HDP AFTER PROVIDING TWENTY-FIVE YEARS OF SERVICE AND RENTS FOR 80 LOW INCOME ELDERLY UNITS THEREBY EXTENDING LOW INCOME ELDERLY HOUSING FOR AN ADDITIONAL FIFTY-FIVE YEARS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $109,040

Program Service Revenue $24,180

Investment Income $1

Other Revenue $0

TOTAL REVENUE $133,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,000

Fundraising Expenses $0

Program Expenses $119,662

Other Expenses $54,751

TOTAL EXPENSES $126,751

Year-over-Year Comparison

	2019	2018	Change
Revenue	$133,221	$54,205	+1.5%
Expenses	$126,751	$119,873	+0.1%
Net Income	$6,470	$-65,668	-1.1%

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

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

$212,790

Total Directors