SCHENECTADY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DOWNTOWN SCHENECTADY IMPROVEMENT CORPORATION, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $861K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring.
OUR MISSION IS TO PROMOTE DOWNTOWN SCHENECTADY AS A PREMIER LOCATION FOR COMMERCE, RECREATION AND RESIDENCE BY ENHANCING, FACILITATING AND SUPPORTING ECONOMIC GROWTH.
ENVIRONMENTAL ENHANCEMENT - CONSIDERS THE CLEANLINESS AND VISUAL APPEAL OF DOWNTOWN SCHENECTADY TO BE AN ESSENTIAL PART OF ALL OTHER REDEVELOPMENT EFFORTS THROUGHOUT OUR DISTRICT. DAILY SIDEWALK...
ENVIRONMENTAL ENHANCEMENT - CONSIDERS THE CLEANLINESS AND VISUAL APPEAL OF DOWNTOWN SCHENECTADY TO BE AN ESSENTIAL PART OF ALL OTHER REDEVELOPMENT EFFORTS THROUGHOUT OUR DISTRICT. DAILY SIDEWALK MAINTENANCE, SEASONAL HANGING BASKETS, LANDSCAPING AND WINTER HOLIDAY DECORATIONS ARE JUST A FEW WAYS THAT WE ACHIEVE THIS GOAL.
BUSINESS PROMOTION MARKETING PROGRAM - TO PROMOTE DOWNTOWN SCHENECTADY AS A DESTINATION FOR SHOPPING, DINING, RECREATION AND ENTERTAINMENT, AS WELL AS AN IDEAL PLACE TO LOCATE PROFESSIONAL OFFICES...
BUSINESS PROMOTION MARKETING PROGRAM - TO PROMOTE DOWNTOWN SCHENECTADY AS A DESTINATION FOR SHOPPING, DINING, RECREATION AND ENTERTAINMENT, AS WELL AS AN IDEAL PLACE TO LOCATE PROFESSIONAL OFFICES RANGING FROM SINGLE PROPRIETORSHIPS TO MAJOR CORPORATE HEADQUARTERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $861,146 | $1,516,362 | -0.4% |
| Expenses | $924,114 | $1,577,327 | -0.4% |
| Net Income | $-62,968 | $-60,965 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MAUREEN NEUFELD | EXECUTIVE DI | 40.00 |
Director
|
$82,212 | $0 | $82,212 |
| HEATHER PETERSON | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| AUSTIN FISHER | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAY LEGERE | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREA CORTELYOU | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL BURNS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MITCH RAMSEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PHIL WAJDA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BASHIR CHEDRAWEE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEN MCHALE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TATE OTTATI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $861,146 | $924,114 | $609,319 | $-62,968 |
| 2023 | $1,516,362 | $1,577,327 | $752,540 | $-60,965 |
| 2022 | $791,188 | $897,254 | $846,779 | $-106,066 |
| 2021 | $669,388 | $665,121 | $795,424 | $4,267 |
| 2020 | $781,398 | $694,670 | $785,024 | $86,728 |
| 2019 | $703,400 | $763,942 | $690,024 | $-60,542 |
| 2018 | $761,835 | $646,627 | $738,598 | $115,208 |
Compare DOWNTOWN SCHENECTADY IMPROVEMENT CORPORATION with other nonprofits in New York and across the country.