GRAND STREET NORTHWEST INC C/O COMERFORD & DOUGHERTY LLP

EIN: 475484832 501(c)(3) Housing & Shelter

GARDEN CITY, NY

Total Revenue
$4,791,656
Total Expenses
$3,393,733
Total Assets
$129,663,421
Net Assets
$116,658,023
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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
NY
Principal Officer
MSGR KEVIN NELAN
Phone
5162484817
Tax Period
2024-01-01 to 2024-12-31

GRAND STREET NORTHWEST INC C/O COMERFORD & DOUGHERTY LLP, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 29% operating margin.

Mission

TO PROVIDE HOUSING AND RELATED FACILITIES AND SOCIAL SERVICES PROGRAMS TO LOW/MODERATE INCOME, ELDERLY, AND HANDICAPPED PERSONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,172,609
Investment Income $3,619,047
Other Revenue $0
TOTAL REVENUE $4,791,656

Expense Breakdown

Grants Paid $818,564
Salaries & Benefits $120,000
Fundraising Expenses $0
Program Expenses $2,224,184
Other Expenses $2,455,169
TOTAL EXPENSES $3,393,733

Year-over-Year Comparison

2024 2023 Change
Revenue $4,791,656 $9,638,708 -0.5%
Expenses $3,393,733 $3,752,817 -0.1%
Net Income $1,397,923 $5,885,891 -0.8%
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
6
Independent Members
5
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
$120,000
Total Directors
6
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MSGR KEVIN SULLIVAN PRESIDENT/DIRECTOR 5.00
Officer Director
$0 $0 $0
MSGR KEVIN NELAN SECRETARY/DIRECTOR 5.00
Officer Director
$0 $0 $0
REV EDWARD BYRNE DIRECTOR 5.00
Director
$0 $0 $0
STANLEY GRAYSON DIRECTOR 5.00
Director
$0 $0 $0
DAVID GOMEZ DIRECTOR 5.00
Director
$0 $0 $0
KEVIN CRONIN DIRECTOR 5.00
Officer Director
$120,000 $0 $120,000
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 $4,791,656 $3,393,733 $129,663,421 $1,397,923
2023 $9,638,708 $3,752,817 $126,417,633 $5,885,891
2022 $18,528,257 $9,375,989 $116,006,191 $9,152,268
2021 $3,546,771 $1,382,975 $105,954,546 $2,163,796
2020 $10,044,044 $740,947 $102,089,283 $9,303,097
2019 $8,568,775 $538,021 $84,586,811 $8,030,754
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