THE JOINT OWNERSHIP ENTITY NEW YORK CITY CORP (EIN 475044823) - 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

2015

Legal Domicile

Principal Officer

STANLEY CELIUS

Phone

6467684100

Tax Period

2023-01-01 to 2023-12-31

THE JOINT OWNERSHIP ENTITY NEW YORK CITY CORP, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $720K in total revenue in fiscal year 2023. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 29% operating margin.

Mission

THE PRIMARY PURPOSES OF JOE NYC ARE TO STRENGTHEN ITS MEMBERS' ABILITY TO DEVELOP, MAINTAIN, AND MANAGE AFFORDABLE HOUSING AND SERVE AS A VEHICLE TO MAINTAIN LONG-TERM AFFORDABILITY OF EXISTING AND FUTURE AFFORDABLE HOUSING UNITS IN SUPPORT OF THEIR MISSIONS AS COMMUNITY-BASED ORGANIZATIONS THAT ALIGN THEIR HOUSING DEVELOPMENT AND MANAGEMENT WORK WITH THE NEEDS AND RESOURCES OF THE COMMUNITIES SERVED AND FOCUS ON RESIDENT SERVICES AND SUPPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $696,821

Investment Income $23,482

Other Revenue $0

TOTAL REVENUE $720,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $411,237

Fundraising Expenses $0

Program Expenses $510,984

Other Expenses $99,747

TOTAL EXPENSES $510,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$720,303	$246,635	+1.9%
Expenses	$510,984	$652,805	-0.2%
Net Income	$209,319	$-406,170	-1.5%

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

$186,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNELL GRIER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BLONDEL PINNOCK	DIRECTOR	2.00	Director	$0	$0	$0
FRANK LANG	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
HOPE BURGESS	TREASURER	2.00	Officer Director	$0	$0	$0
ISEMENE SPILIOTIS	SECRETARY	2.00	Officer Director	$0	$0	$0
JANICE BERTHOUD	DIRECTOR	2.00	Director	$0	$0	$0
KEN WRAY	DIRECTOR	2.00	Director	$0	$0	$0
MARK JENNINGS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE DE LA LUIZ	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SHORT	CHAIR	2.00	Officer Director	$0	$0	$0
STANLEY CELIUS	EXECUTIVE DIRECTOR	40.00	Officer	$173,042	$13,172	$186,214

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	$720,303	$510,984	$10,293,193	$209,319
2022	$246,635	$652,805	$5,675,989	$-406,170
2021	$14,394,348	$18,637,402	$168,757,789	$-4,243,054
2020	$17,434,025	$17,449,567	$155,995,039	$-15,542
2019	$22,913,364	$11,692,148	$79,367,192	$11,221,216
2018	$14,428,645	$7,736,792	$59,416,131	$6,691,853

THE JOINT OWNERSHIP ENTITY NEW YORK CITY CORP