NEW YORK EQUITY FUND INC (EIN 364041986) - 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

1995

Legal Domicile

Principal Officer

MATTHEW REILEIN

Phone

3123600400

Tax Period

2023-01-01 to 2023-12-31

NEW YORK EQUITY FUND INC, founded in 1995, is a small nonprofit that reported $914K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $797K left a modest 13% surplus.

Mission

NEW YORK EQUITY FUND, INC. ASSISTS NATIONAL EQUITY FUND, INC. IN THE DEVELOPMENT AND PRESERVATION OF HIGH-QUALITY LOW-INCOME RENTAL HOUSING BY MANAGING INVESTMENTS IN QUALIFYING HOUSING PROJECTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $257,814

Investment Income $0

Other Revenue $0

TOTAL REVENUE $257,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $469,504

Other Expenses $602,674

TOTAL EXPENSES $602,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,814	$415,625	-0.4%
Expenses	$602,674	$605,383	0.0%
Net Income	$-344,860	$-189,758	+0.8%

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

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

$5,553,632

Total Directors

$2,904,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SIRANOVIC	SVP AND DIRECTOR	2.00	Officer Director	$0	$125,706	$806,527
MATTHEW REILEIN	PRESIDENT & CEO (AND DIRECTOR)	2.00	Officer Director	$0	$330,219	$1,333,259
PETER HARRISON	SVP (AND DIRECTOR)	2.00	Officer Director	$0	$137,993	$764,767
ALEX DENJA	SVP, COO, CFO	2.00	Officer	$0	$173,843	$948,177
MICHAEL ROGERS	SVP & SECRETARY	2.00	Officer	$0	$58,490	$602,407
REENA BRAMBLETT	SVP	2.00	Officer	$0	$113,451	$795,959
VALERIE WHITE	VP	2.00	Officer	$0	$45,413	$302,536
KAREN PRZYPYSZNY	FORMER SVP (AND DIRECTOR)	0.00		$0	$57,523	$510,698
KEVIN D BOES	FORMER SVP	0.00		$0	$63,844	$648,011

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	$257,814	$602,674	$1,138,580	$-344,860
2022	$415,625	$605,383	$990,581	$-189,758
2021	$487,464	$645,223	$896,858	$-157,759
2020	$567,373	$718,697	$1,076,523	$-151,324
2019	$765,098	$772,799	$1,236,452	$-7,701
2018	$914,365	$796,791	$1,278,291	$117,574

NEW YORK EQUITY FUND INC