NEW YORK CHAPTER OF CORENET GLOBAL… - 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

2012

Legal Domicile

Principal Officer

WILLIAM MONAGHAN

Phone

2124507300

Tax Period

2024-04-01 to 2025-03-31

NEW YORK CHAPTER OF CORENET GLOBAL INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE NEW YORK CHAPTER IS A TRADE ORGANTZATION FOCUSED ON EDUCATION AND PROVIDING A FORUM TO DISCUSS INDUSTRY ISSUES AND DEVELOP SOLUTIONS FOR CORPORATE REAL ESTATE EXECUTIVES IN THE NEW YORK AREA.

Program Service Accomplishments

Program 1

THE ORGANIZATION HELD SEVERAL EVENTS FOR ITS MEMBERS. THE MAIN EVENT INCLUDED AN ANNUAL DINNER WHICH PRODUCED A COMBINED ATTENDANCE OF OVER 700 GUESTS. OTHER SMALLER EVENTS THROUGHOUT THE FISCAL YEAR INCLUDING PROGRAMS WHICH ARE HELD QUARTERLY AND ARE DESIGNED TO PRESENT INDUSTRY TOPICS THAT ARE CURRENT IN NATURE AND PROMOTE DISCUSSIONS OF TRENDS IN THE REAL ESTATE INDUSTRY AND SHARING BEST PRACTICES. EACH PROGRAM IS ATTENDED BY 100 TO 150 MEMBERS AND NON-MEMBERS.SPECIAL INTEREST GROUPS (SIGS): INDUSTRY (LAW, COMMUNICATIONS AND FINANCIAL INDUSTRIES), WOMAN OR YOUNG LEADER ( UNDER 35). THESE SUBSETS ALSO HOLD QUARTERLY EDUCATIONAL PROGRAMS AND ARE ANOTHER FORUM FOR MEMBERS TO BECOME MORE ENGAGED WITH THE LOCAL CHAPTER AND LEARN ABOUT CURRENT TRENDS AND INDUSTRY SPECIFIC BEST PRACTICES. ALTHOUGH THESE GROUPS WERE FORMED AS SEGMENTS, THEY ARE ALL INCLUSIVE.COMMUNITIES: COMMUNITIES ARE SMALLER TOPICAL GROUPS THAT GATHER AROUND AN INDUSTRY OR INTEREST - SUCH AS SUSTAINABILITY, STRATEGIC PORTFOLIO PLANNING. COMMUNITIES HOLD QUARTERLY EDUCATIONAL EVENTS.

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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 $0

Program Service Revenue $1,707,487

Investment Income $33

Other Revenue $12,660

TOTAL REVENUE $1,720,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,783,872

TOTAL EXPENSES $1,783,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,720,180	$1,892,931	-0.1%
Expenses	$1,783,872	$1,886,287	-0.1%
Net Income	$-63,692	$6,644	-10.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDY WILLIAMS-MCELEARNEY	CHAIR	5.00	Officer Director	$0	$0	$0
CHRISTIAN BRYAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
SONYA DUFNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WILL MONAGHAN	TREASURER	5.00	Officer Director	$0	$0	$0
SANDRA YENCHO	SECRETARY	5.00	Officer Director	$0	$0	$0
JASON ASTER	INTERIM SECRETARY	5.00	Officer Director	$0	$0	$0
MARGAUX JAFFA	DIRECTOR	3.00	Director	$0	$0	$0
COURTNEY GRILL	DIRECTOR	3.00	Director	$0	$0	$0
LAURA PATEL	DIRECTOR	3.00	Director	$0	$0	$0
JEREMY LIBBY	DIRECTOR	3.00	Director	$0	$0	$0
DEBRA COLE	DIRECTOR	3.00	Director	$0	$0	$0
ARIEL ZURAD	DIRECTOR	3.00	Director	$0	$0	$0
HOLLY MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL MARTINO	DIRECTOR	3.00	Director	$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
2025	$1,720,180	$1,783,872	$988,786	$-63,692
2024	$1,892,931	$1,886,287	$1,113,412	$6,644
2023	$1,365,929	$955,757	$1,073,425	$410,172
2022	$1,024,304	$1,027,515	$630,160	$-3,211
2021	$438,689	$406,656	$645,783	$32,033
2020	$1,318,813	$1,732,131	$596,629	$-413,318
2019	$1,413,863	$1,688,825	$1,022,053	$-274,962
2018	$1,434,094	$1,496,607	$1,291,392	$-62,513

NEW YORK CHAPTER OF CORENET GLOBAL INC