East New York Restoration Local Development Corp (EIN 461763706) - 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

2013

Legal Domicile

Phone

7186765920

Tax Period

2024-01-01 to 2024-12-31

East New York Restoration Local Development Corp, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $504K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $675K exceeded revenue, resulting in a 34% operating deficit.

Mission

East New York Restoration was incorporated to oversee the implementation of the community benefit agreement with the related companies for the expansion of the Gateway Mall center. Functions are job readiness and referral

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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 $443,254

Program Service Revenue $0

Investment Income $0

Other Revenue $61,002

TOTAL REVENUE $504,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,021

Fundraising Expenses $5,382

Program Expenses $391,386

Other Expenses $257,639

TOTAL EXPENSES $674,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,256	$665,222	-0.2%
Expenses	$674,660	$734,065	-0.1%
Net Income	$-170,404	$-68,843	+1.5%

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

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	Role	Reportable Comp	Other Comp	Total
Alice Lowman	Chair Person	Director	$0	$0	$0
Jamillah Sallahuddin	Secretary	Director	$0	$0	$0
Dorie Clay	Member	Director	$0	$0	$0
Minyarn Johnson	Member	Director	$0	$0	$0
Ameria Alleyne	Member	Director	$0	$0	$0
Ruth Carter	Member	Director	$0	$0	$0
Colette Pean	Executive Director	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	$504,256	$674,660	$261,271	$-170,404
2023	$665,222	$734,065	$433,205	$-68,843
2022	$713,844	$798,672	$436,002	$-84,828
2021	$730,636	$707,239	$378,048	$23,397
2020	$496,353	$511,350	$153,268	$-14,997
2019	$393,079	$437,128	$240,890	$-44,049
2018	$762,882	$690,127	$211,826	$72,755

East New York Restoration Local Development Corp