THE FLATBUSH COMMUNITY FUND INC co BERNATH & ROSENBERG PC

EIN: 823212305 501(c)(3) Philanthropy & Grantmaking

CEDARHURST, NY

Total Revenue
$3,559,858
Total Expenses
$4,023,825
Total Assets
$922,014
Net Assets
$677,632
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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
DE
Principal Officer
SIMON SINGER
Tax Period
2023-01-01 to 2023-12-31

THE FLATBUSH COMMUNITY FUND INC co BERNATH & ROSENBERG PC, founded in 2017, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE FLATBUSH COMMUNITY FUND WAS FORMED TO MARSHAL COMMUNAL RESOURCES TO IDENTIFY AND ADDRESS THE DIVERSE SOCIAL AND FINANCIAL NEEDS OF THE ENTIRE FLATBUSH COMMUNITY AND PROMOTE CHARITABLE GIVING AND SERVICES FOR THE COMMUNITY.

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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 $3,587,035
Program Service Revenue $0
Investment Income $15
Other Revenue $-27,192
TOTAL REVENUE $3,559,858

Expense Breakdown

Grants Paid $2,712,137
Salaries & Benefits $632,805
Fundraising Expenses $440,718
Program Expenses $3,351,447
Other Expenses $678,883
TOTAL EXPENSES $4,023,825

Year-over-Year Comparison

2023 2022 Change
Revenue $3,559,858 $3,925,889 -0.1%
Expenses $4,023,825 $3,326,120 +0.2%
Net Income $-463,967 $599,769 -1.8%
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
13
Independent Members
13
Employees
7
Volunteers
13

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
1
$150,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN M SCHWARTZ DIRECTOR OF OPERATIONS 40.00
$224,960 $0 $224,960
YITZCHOK WEINBERG Executive Dir. 40.00
Officer
$150,000 $0 $150,000
SIMON SINGER Director 0.50
Director
$0 $0 $0
ABRAHAM LEITNER Director 0.50
Director
$0 $0 $0
JAY EISENSTADT Director 0.50
Director
$0 $0 $0
BENJAMIN BERGER Director 0.50
Director
$0 $0 $0
USHI FRIED Director 0.50
Director
$0 $0 $0
YUMI GROSS Director 0.50
Director
$0 $0 $0
ABRAHAM HIRSCH Director 0.50
Director
$0 $0 $0
MENDY JOSEFOVIC Director 0.50
Director
$0 $0 $0
YOSSI TAUB Director 0.50
Director
$0 $0 $0
JEFFREY ZWICK Director 0.50
Director
$0 $0 $0
YOSEF SEGAL Director 0.50
Director
$0 $0 $0
STEVEN HERSKO Director 0.50
Director
$0 $0 $0
YOEL ZAGELBAUM Director 0.50
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 $3,559,858 $4,023,825 $922,014 $-463,967
2022 $3,925,889 $3,326,120 $1,613,675 $599,769
2021 $2,134,517 $2,504,175 $1,092,770 $-369,658
2020 $2,974,692 $2,375,277 $1,944,377 $599,415
2019 $662,293 $370,818 $312,073 $291,475
2018 $327,781 $315,683 $20,598 $12,098
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