CENTRE FOR SOCIAL INNOVATION NYC INC

EIN: 463611743 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$164,022
Total Expenses
$769,619
Total Assets
$724,242
Net Assets
$294,606
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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
2015
Legal Domicile
DE
Principal Officer
SHIREEN IDROOS
Phone
2122748444
Tax Period
2019-06-01 to 2020-05-31

CENTRE FOR SOCIAL INNOVATION NYC INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $164K in total revenue in fiscal year 2019. Expenses of $770K exceeded revenue, resulting in a 369% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO ADVANCE EDUCATION IN THE AREA OF SOCIAL INNOVATION AND TO PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING A PLATFORM FOR THE DEVELOPMENT OF NEW IDEAS TO RESOLVE SOCIAL, CULTURAL, ECONOMIC, AND ENVIRONMENTAL CHANGES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $173,679
Program Service Revenue $0
Investment Income $0
Other Revenue $-9,657
TOTAL REVENUE $164,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $429,182
Fundraising Expenses $71,739
Program Expenses $488,327
Other Expenses $340,437
TOTAL EXPENSES $769,619

Year-over-Year Comparison

2019 2018 Change
Revenue $164,022 $162,484 +0.0%
Expenses $769,619 $911,681 -0.2%
Net Income $-605,597 $-749,197 -0.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
15

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
3
$116,443
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT RECHLER CO-CHAIR 1.00
Officer Director
$0 $0 $0
TONYA SURMAN CO-CHAIR 1.00
Officer Director
$0 $0 $0
BILL WISE MEMBER 1.00
Director
$0 $0 $0
DAVID GISE MEMBER 3.00
Director
$0 $0 $0
DAVID SEABROOKE MEMBER 1.00
Director
$0 $0 $0
FRANK RAFFAELE MEMBER 1.00
Director
$0 $0 $0
FRANK COHEN MEMBER 1.00
Director
$0 $0 $0
GARY GOLDRING MEMBER 1.00
Director
$0 $0 $0
HOPE TAITZ MEMBER 1.00
Director
$0 $0 $0
JAY CORLESS MEMBER 1.00
Director
$0 $0 $0
LYEL RESNER MEMBER 1.00
Director
$0 $0 $0
MAGALIE LAGUERRE-WILKINSON MEMBER 1.00
Director
$0 $0 $0
MALIK YOBA MEMBER 1.00
Director
$0 $0 $0
SHRUTI GANGULY MEMBER 1.00
Director
$0 $0 $0
SUSAN DAVIS MEMBER 1.00
Director
$0 $0 $0
SHIREEN IDROOS EXECUTIVE DIRECTOR 40.00
Officer
$104,622 $11,821 $116,443
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
2020 $164,022 $769,619 $724,242 $-605,597
2019 $49,684 $798,881 $804,052 $-749,197
2018 $783,923 $1,084,663 $908,989 $-300,740
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