KENNEDY HEIGHTS NEIGHBORHOOD ASSOC… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

ELSA CAETANO

Phone

6082440767

Tax Period

2024-01-01 to 2024-12-31

KENNEDY HEIGHTS NEIGHBORHOOD ASSOCIATION INC, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $413K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $370K left a modest 10% surplus.

Mission

TO SERVE AS A COMMUNITY FOCAL POINT FOR LOW TO MODERATE INCOME FAMILIES AND PROVIDE HIGH QUALITY, DYNAMIC PROGRAMS AND SERVICES THAT RESPOND TO THE NEEDS OF THE COMMUNITY THROUGH DIVERSITY, EDUCATION, TRUST, RESPECT AND RESPONSIBILITY.

Program Service Accomplishments

Program 1

Expenses: $110,371

Elementary After School Program - Providing a safe, enriching environment for K-5 students during the school year, Our program offers activities like cooking, gardening, physical fitness, and...

Elementary After School Program - Providing a safe, enriching environment for K-5 students during the school year, Our program offers activities like cooking, gardening, physical fitness, and social-emotional learning. Students enjoy time for play, homework support, and relationship-building with peers and adults. We emphasize a sense of community, including enriching field trips to local cultural sites.

Program 2

Expenses: $80,088

Adult Resources Program - We offer essential physical and emotional support through wellness opportunities, skill-building through individualized support, and personalized assistance to a variety of needs. Our program aims to reduce barriers to employment and civic engagement, fostering self-sufficiency and well-being.

Program 3

Expenses: $48,368

Middle School Program - A safe space for students to connect, grow, and explore opportunities. With a focus on physical and emotional wellness, students engage in activities and enriching field trips throughout the year that support their development, including decision-making and leadership roles.

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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 (2024)

Revenue Breakdown

Contributions & Grants $402,420

Program Service Revenue $0

Investment Income $11,030

Other Revenue $0

TOTAL REVENUE $413,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,026

Fundraising Expenses $3,259

Program Expenses $238,827

Other Expenses $98,173

TOTAL EXPENSES $370,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,450	$357,315	+0.2%
Expenses	$370,199	$410,050	-0.1%
Net Income	$43,251	$-52,735	-1.8%

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

Employees

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

$70,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN SONDERBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIK LARSON	TREASURER	1.00	Officer Director	$0	$0	$0
VALESE ADAMS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELSA CAETANO	EXECUTIVE DIRECTOR	40.00	Officer	$70,929	$0	$70,929
FRANCESCA HONG	BOARD MEMBER	1.00	Officer	$0	$0	$0
EVERETT MULROE	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHARLES MYADZE	BOARD MEMBER	1.00	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
2024	$413,450	$370,199	$275,455	$43,251
2023	$357,315	$410,050	$255,002	$-52,735
2022	$437,773	$414,622	$327,504	$23,151
2021	$387,589	$370,886	$307,972	$16,703
2020	$407,526	$397,157	$285,160	$10,369
2019	$303,984	$351,367	$257,025	$-47,383
2018	$309,222	$360,535	$293,939	$-51,313

KENNEDY HEIGHTS NEIGHBORHOOD ASSOCIATION INC