THE BRONX COMMUNITY FOUNDATION INC

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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

2016

Legal Domicile

Principal Officer

MICHELLE PEREZ

Phone

9176811876

Tax Period

2023-01-01 to 2023-12-31

THE BRONX COMMUNITY FOUNDATION INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 152% operating deficit.

Mission

THE BRONX COMMUNITY FOUNDATION SUPPORTS AND INVESTS IN COMMUNITY POWER TO ERADICATE INEQUITY AND BUILD SUSTAINABLE FUTURES FOR ALL BRONXITES.

Program Service Accomplishments

Program 1

Expenses: $1,549,518

DELIVERING RESOURCES TO THE BRONX COMMUNITY VIA FOUR PILLARS OF SUSTAINABILITY: COMMUNITY, EQUITY & JUSTICE, ECONOMIC SECURITY, AND HEALTH.IN DECEMBER/JANUARY 2023, BXCF HIRED HESTER STREET TO PLAN AND CONDUCT COMMUNITY ENGAGEMENTS THROUGH THE BOROUGH FOR STRATEGIC PLANNING. THE GOAL WAS TO DEVELOP A COMMUNITY-DRIVEN NEEDS ASSESSMENT AND REPORT TO INFORM BXCF'S STRATEGIC PLAN TO BUILD A BRONX COMMUNITY FOUNDATION FOR, BY AND ALL ABOUT THE BRONX. WE WORKED WITH NON-PROFIT ORGANIZATIONS TO CO-DESIGN AND CO-HOST THE SESSIONS TO OVER 1,000 BRONX RESIDENTS. THESE SESSIONS WERE HELD OVER THE SPRING AND SUMMER OF 2023. IN SPRING 2023, BXCF LAUNCHED THE BXCF EQUITY AND JUSTICE GRANT/ASYLUM SEEKERS APPLICATION FOR NON-PROFIT ORGANIZATIONS TO RECEIVE FUNDING TO PROVIDE ASSISTANCE TO INDIVIDUALS AND FAMILIES SEEKING ASYLUM. THE GRANT FUNDING PRIORITIES WERE: LEGAL SERVICES, WRAP-AROUND SUPPORT SERVICES AND HOUSING SUPPORT. BXCF GRANTED $25,000 TO 5 ORGANIZATIONS IN JUNE 2023. IN FALL 2023, BXCF LAUNCHED A COMMUNITY-DRIVEN, PARTICIPATORY GRANTS PORTFOLIO PROVIDING FINANCIAL RESOURCES TO BRONX ORGANIZATIONS TO BUILD CAPACITY, FUND INNOVATIVE PROGRAMS AND ADDRESS SOCIAL AND ECONOMIC CHALLENGES THAT ADDRESS HOUSING, HEALTH CARE, FOOD SECURITY, EDUCATION, JOB, CAREER SKILLS AND DIGITAL EQUITY. BXCF GRANTED $25,000 TO 14 ORGANIZATIONS IN DECEMBER 2023.

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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 $923,912

Program Service Revenue $0

Investment Income $25,710

Other Revenue $58,816

TOTAL REVENUE $1,008,438

Expense Breakdown

Grants Paid $720,020

Salaries & Benefits $639,015

Fundraising Expenses $482,534

Program Expenses $1,549,518

Other Expenses $1,121,880

TOTAL EXPENSES $2,546,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,008,438	$2,875,826	-0.6%
Expenses	$2,546,024	$1,503,763	+0.7%
Net Income	$-1,537,586	$1,372,063	-2.1%

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

$300,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK LEWIS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DESMON LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
JASON DUCHIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CARLOS MORENO	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SEITZ	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN WOO	DIRECTOR	1.00	Director	$0	$0	$0
GERMAN SOTO SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
JACQUES DEGRAFF 62023-122023	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BLAKE 62023-122023	DIRECTOR	1.00	Director	$0	$0	$0
ALTA EDWARDS THROUGH MAY 2023	DIRECTOR	1.00	Director	$0	$0	$0
CARSON GARDNER THROUGH MAY 2023	DIRECTOR	1.00	Director	$0	$0	$0
MEISHA ROSS PORTER	PRESIDENT AND CEO	40.00	Officer	$300,000	$0	$300,000
ERIKA FREUND	DIRECTOR OF DEVELOPMENT	40.00	Highest	$143,000	$0	$143,000

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	No data	No data	No data	No data
2023	$1,008,438	$2,546,024	$6,368,128	$-1,537,586
2022	$2,875,826	$1,503,763	$7,619,113	$1,372,063
2021	$4,192,022	$1,736,457	$6,316,925	$2,455,565
2019	$3,500	$6,490	$174	$-2,990