HUDSON YARDS HELLS KITCHEN BUSINESS IMPROVEMENT DISTRICT (EIN 471247857) - 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

2014

Legal Domicile

Principal Officer

ROBERT J BENFATTO JR

Phone

2124461682

Tax Period

2022-07-01 to 2023-06-30

HUDSON YARDS HELLS KITCHEN BUSINESS IMPROVEMENT DISTRICT, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE VITALITY AND ECONOMIC GROWTH OF THE BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,007

Program Service Revenue $3,330,957

Investment Income $1,031

Other Revenue $0

TOTAL REVENUE $3,348,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $953,895

Fundraising Expenses $0

Program Expenses $3,205,858

Other Expenses $2,612,715

TOTAL EXPENSES $3,566,610

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,348,995	$3,037,895	+0.1%
Expenses	$3,566,610	$3,311,653	+0.1%
Net Income	$-217,615	$-273,758	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$238,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN P SINGLETON	CHAIR	5.00	Officer Director	$0	$0	$0
ANDREW L CANTOR	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
KRISTIN FISHER	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE ADAMS	CO-TREASURER	1.00	Officer Director	$0	$0	$0
PAUL JANUSZEWSKI	CO-TREASURER	5.00	Officer Director	$0	$0	$0
MITCHELL MOINIAN	SECRETARY	5.00	Officer Director	$0	$0	$0
AMANDA BRAGA	DIRECTOR	1.00	Director	$0	$0	$0
ASHWIN VERMA	DIRECTOR	1.00	Director	$0	$0	$0
AMIR SPERLING	DIRECTOR	1.00	Director	$0	$0	$0
TONY SIMONE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA EASTMAN	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SOLNICK	DIRECTOR	1.00	Director	$0	$0	$0
JOE RESTUCCIA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ACCARDI	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SNIDER	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN BAKER-CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN FEINER	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN LANG	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LALEZARIAN	DIRECTOR	1.00	Director	$0	$0	$0
LEE BERTHELSEN	DIRECTOR	1.00	Director	$0	$0	$0
LIZETTE CHAPARRO	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL B RUTTER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL APONTE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
YEHUDA GORDON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J BENFATTO JR	PRESIDENT	40.00	Officer	$223,172	$15,448	$238,620
DANIEL SCORSE	VICE PRESIDENT OF OPERATIONS	40.00	Highest	$128,321	$15,448	$143,769

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,348,995	$3,566,610	$1,008,096	$-217,615
2022	$3,037,895	$3,311,653	$1,113,743	$-273,758
2021	$3,028,253	$2,733,173	$1,545,085	$295,080
2020	$2,988,892	$2,510,273	$1,241,827	$478,619
2019	$1,490,203	$1,813,854	$554,732	$-323,651
2018	$1,649,830	$1,459,854	$781,177	$189,976

HUDSON YARDS HELLS KITCHEN BUSINESS IMPROVEMENT DISTRICT