NEW YORK CITY AND DOWNSTATE CHAPTER OF THE SOCIETY OF INDUSTRIAL & OFFI

EIN: 465158434

HARRISON, NY

Total Revenue
$7,542
Total Expenses
$13,781
Total Assets
$37,059
Net Assets
$37,059
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
MARIO ASARO
Tax Period
2023-01-01 to 2023-12-31

NEW YORK CITY AND DOWNSTATE CHAPTER OF THE SOCIETY OF INDUSTRIAL & OFFI, founded in 2014, is a micro nonprofit that reported $8K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 83% operating deficit.

Mission

THE CHAPTER FURTHER ASSISTS THE OFFICERS, COUNCIL OF CHAPTER PRESIDENTS, AND ADMISSIONS COMMITTEE OF "SOIR" IN QUALIFYING APPLICANTS FOR MEMBERSHIP IN THE JURISDICTIONAL AREA OF THIS CHAPTER. IT WILL COOPERATE WITH THE ACTIVITIES OF ORANIZATIONS ASSOCIATED WITH NATIONAL ASSOCIATION OF REALTORS WITHIN THE CHAPTER JURISDICTION WITH WHICH THE MEMBERS OF THIS CHAPTER ARE AFFILIATED, AND IT WILL ENCURAGE AND ASSIST THE LOCAL AUTHORITIES AND OTHER RESPONSIBLE PERSONS IN THE CITIES, TOWNS, AND OTEHR POLITICAL SUBDIVISIONS WITHIN THIS CHAPTERS JURISDICTION IN PLANNING, ZONING, AND DEVELOPING FACILITIES AND LOCATIONS SUITABLE FOR INDUSTRIAL OR OFFICE DEVELOPEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,542
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $13,781
TOTAL EXPENSES $13,781

Year-over-Year Comparison

2023 2022 Change
Revenue $7,542 $9,572 -0.2%
Expenses $13,781 $8,564 +0.6%
Net Income $-6,239 $1,008 -7.2%
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
4
Independent Members
42
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIO ASARO PRESIDENT 5.00
Director
$0 $0 $0
DAWN PETERS SECRETARY N/A
Officer
$0 $0 $0
KENNETH SALZMAN TREASURER N/A
Officer
$0 $0 $0
JON STRAVITZ 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
2024 No data No data No data No data
2023 $7,542 $13,781 $37,059 $-6,239
2022 $9,572 $8,564 $43,298 $1,008
2021 $7,421 $3,435 $42,290 $3,986
2020 $7,578 $5,488 $38,304 $2,090
2019 $8,148 $15,701 $36,214 $-7,553
2018 $10,323 $5,890 $43,767 $4,433
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