UTICA HARBOR POINT DEVELOPMENT CORPORATION

EIN: 464902238 Community Improvement

UTICA, NY

Total Revenue
$-1,979,470
Total Expenses
$205,233
Total Assets
$6,484,866
Net Assets
$5,760,364
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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

Legal Domicile
NY
Principal Officer
VINCENT J GILROY JR
Phone
3157920195
Tax Period
2025-01-01 to 2025-12-31

UTICA HARBOR POINT DEVELOPMENT CORPORATION is a micro nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2025.

Mission

THE ORGANIZATION WAS FORMED FOR THE DEVELOPMENT OF THE INNER CITY HARBOR IN UTICA, NY

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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 (2025)

Revenue Breakdown

Contributions & Grants $443,846
Program Service Revenue $0
Investment Income $-2,423,316
Other Revenue $0
TOTAL REVENUE $-1,979,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,943
Other Expenses $205,233
TOTAL EXPENSES $205,233

Year-over-Year Comparison

2025 2024 Change
Revenue $-1,979,470 N/A N/A
Expenses $205,233 $261,553 -0.2%
Net Income $-2,184,703 $-261,553 +7.4%
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
9
Independent Members
9
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVON ERVIN TREASURER N/A
Officer
$0 $0 $0
VINCENT J GILROY JR PRESIDENT N/A
Officer
$0 $0 $0
LOU PAROTTA SECRETARY N/A
Officer
$0 $0 $0
PHILIP SBARRA VICE PRESIDE N/A
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
2025 $-1,979,470 $205,233 $6,484,866 $-2,184,703
2024 No data $261,553 $11,079,076 No data
2022 $1,318,562 $153,145 $11,080,389 $1,165,417
2021 $2,040,362 $201,686 $10,679,337 $1,838,676
2020 $513,864 $279,780 $10,203,590 $234,084
2019 $4,622,729 $305,447 $12,893,249 $4,317,282
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