Boriken Local Development Corporation (EIN 463167787) - 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

Tax Period

2021-07-01 to 2022-06-30

Boriken Local Development Corporation, founded in 2013, is a small nonprofit that reported $379K in total revenue in fiscal year 2021. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $331K left a modest 12% surplus.

Mission

Boriken Local Development Corporation was formed to develop and own a facility for delivery of social and health care services in the community of East Harlem, New York.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $378,550

Investment Income $0

Other Revenue $0

TOTAL REVENUE $378,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $331,427

Other Expenses $331,427

TOTAL EXPENSES $331,427

Year-over-Year Comparison

	2021	2020	Change
Revenue	$378,550	$648,953	-0.4%
Expenses	$331,427	$649,280	-0.5%
Net Income	$47,123	$-327	-145.1%

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

$511,061

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arturo Perez	Chief Executive Officer	35.00	Officer	$306,423	$0	$310,139
Ahmed Abedo	Chief Financial Officer	5.00	Officer	$193,979	$0	$200,922
Elizabeth Perez	General Counsel	35.00		$165,821	$0	$165,821
Erika Donovan Estades	COOGeneral Counsel	35.00		$125,262	$0	$128,716
Maritza Santa	Director	5.00	Director	$0	$0	$0
Jacqueline Aleman	Chairperson	5.00	Officer Director	$0	$0	$0
Rosa Medina	Secretary	5.00	Officer 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
2022	$378,550	$331,427	No data	$47,123
2021	$648,953	$649,280	$22,229,426	$-327
2020	$649,163	$761,521	$22,224,646	$-112,358
2019	$649,502	$760,774	$22,320,307	$-111,272
2018	$649,184	$760,745	$22,908,539	$-111,561

Boriken Local Development Corporation