LOCAL 338 REAL ESTATE HOLDING CORP (EIN 562478579) - 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

2004

Legal Domicile

Principal Officer

JOHN R DURSO

Phone

5162941338

Tax Period

2023-01-01 to 2023-12-31

LOCAL 338 REAL ESTATE HOLDING CORP, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $430K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $562K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT, NET OF EXPENSES, TO ITS PARENT ORGANIZATION, WHICH IS TAX EXEMPT.

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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 $427,200

Investment Income $0

Other Revenue $3,115

TOTAL REVENUE $430,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $562,376

TOTAL EXPENSES $562,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,315	$395,020	+0.1%
Expenses	$562,376	$602,805	-0.1%
Net Income	$-132,061	$-207,785	-0.4%

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

Governance

Voting Members

Independent Members

N/A

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

$659,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN R DURSO	PRESIDENT	2.00	Officer	$0	$51,727	$399,008
JOSEPH FONTANO	SECRETARY-TREASURER	1.00	Officer	$0	$38,853	$260,035

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	$430,315	$562,376	$7,716,128	$-132,061
2022	$395,020	$602,805	$7,996,709	$-207,785
2021	$441,528	$608,584	$8,348,934	$-167,056
2020	$401,782	$500,702	$7,860,035	$-98,920
2019	$410,657	$509,168	$7,958,955	$-98,511
2018	$465,274	$531,592	$8,057,466	$-66,318

LOCAL 338 REAL ESTATE HOLDING CORP