DIEGO BEEKMAN LOCAL DEVELOPMENT CORPORATION

EIN: 822119139 501(c)(3) Philanthropy & Grantmaking

BRONX, NY

Total Revenue
$-37,578
Total Expenses
$1,722
Total Assets
$1,868,453
Net Assets
$-209,023
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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
2017
Legal Domicile
NY
Principal Officer
ARLINE PARKS
Phone
7182929222
Tax Period
2023-01-01 to 2023-12-31

DIEGO BEEKMAN LOCAL DEVELOPMENT CORPORATION, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $38K in total revenue in fiscal year 2023.

Mission

THE CORPORATION IS FORMED FOR THE CHARITABLE PURPOSE OF RELIEVING AND REDUCING UNEMPLOYMENT, BETTERING AND MAINTAINING JOB OPPORTUNITIES, INSTRUCTING OR TRAINING INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR SUCH JOB, CARRYING ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING THE COMMUNITY AS HEREIN AFTER DEFINED, BY ATRRACTING NEW INDUSTRY TO THE COMMUNITY, AND LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTEREST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $-37,578
TOTAL REVENUE $-37,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,722
Other Expenses $1,722
TOTAL EXPENSES $1,722

Year-over-Year Comparison

2023 2022 Change
Revenue $-37,578 $-52,849 -0.3%
Expenses $1,722 N/A N/A
Net Income $-39,300 $-52,849 -0.3%
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
$258,464
Total Directors
3
$258,464
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARLINE PARKS VICE CHAR & CEO 1.00
Officer Director
$0 $36,655 $258,464
ANDREW REICHER BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARIA ORTIZ SECRETARY 1.00
Officer Director
$0 $0 $0
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 $-37,578 $1,722 $1,868,453 $-39,300
2022 $-52,849 No data $1,907,017 No data
2021 $-32,390 $152 $1,946,188 $-32,542
2020 $-38,282 No data $2,005,604 No data
2019 $-28,219 No data $2,050,094 No data
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