NIAGARA-ORLEANS REGIONAL LAND IMPR… - Form 990 Financial Data

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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

Principal Officer

ANDREA KLYCZEK

Phone

7162788761

Tax Period

2025-01-01 to 2025-12-31

NIAGARA-ORLEANS REGIONAL LAND IMPROVEMENT CORPORATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2025. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $527K, a strong 45% operating margin.

Mission

THE CORPORATION WAS CREATED BY FIVE GOVERNMENTAL UNITS: THE COUNTY OF NIAGARA, THE COUNTY OF ORLEANS, THE CITY OF LOCKPORT, THE CITY OF NIAGARA FALLS AND THE CITY OF NORTH TONAWANDA. THE BOARD OF THE CORPORATION IS APPOINTED BY THE FIVE CREATING GOVERNMENTAL UNITS. THE GOVERNMENTS WILL MAKE FORECLOSED PROPERTIES AVAILABLE TO THE CORPORATION WITH RENUMERATION BEING MADE IN THE FUTURE AS THE PROPERTIES ARE SOLD, BASED ON A PROFIT SHARING FORMULA.

Program Service Accomplishments

Program 1

Expenses: $594,624 Revenue: $50,000

PROGRAM EXPENSES RELATED TO ACQUISITION, STABILIZATION AND SALE OF VACANT & ABANDONED PROPERTIES FOR REDEVELOPMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,109,764

Program Service Revenue $50,000

Investment Income $1,940

Other Revenue $0

TOTAL REVENUE $1,161,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,272

Fundraising Expenses $0

Program Expenses $594,624

Other Expenses $504,323

TOTAL EXPENSES $634,595

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,161,704	$425,672	+1.7%
Expenses	$634,595	$253,203	+1.5%
Net Income	$527,109	$172,469	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD UPDEGROVE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MORGAN GENOVESE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MCKIMMIE	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE M JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DEPAOLO	DIRECTOR	1.00	Director	$0	$0	$0
VICKI SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA KLYCZEK	PRESIDENT	1.00	Officer	$0	$0	$0
AMY SCHIFFERLI	TREASURER	1.00	Officer	$0	$0	$0
JACQUILINE MINICUCCI	RECORDING SECRETARY	1.00	Officer	$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
2025	$1,161,704	$634,595	$1,002,784	$527,109
2024	$425,672	$253,203	$463,724	$172,469
2023	$239,973	$219,955	$1,041,255	$20,018
2022	$1,031,429	$157,849	$1,021,237	$873,580
2021	$143,459	$328,262	$147,657	$-184,803
2020	$366,264	$168,383	$365,336	$197,881
2019	$237,190	$99,030	$157,455	$138,160

NIAGARA-ORLEANS REGIONAL LAND IMPROVEMENT CORPORATION