MRNY QALICB Inc C/O Make The Road New York

EIN: 825474031 501(c)(3) Philanthropy & Grantmaking

Brooklyn, NY

Total Revenue
$3,804,614
Total Expenses
$32,617
Total Assets
$35,762,804
Net Assets
$4,942,701
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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
2018
Legal Domicile
NY
Principal Officer
Arlenis Morel
Phone
7184187690
Tax Period
2023-01-01 to 2023-12-31

MRNY QALICB Inc C/O Make The Road New York, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 984% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 99% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR MRNY. (SEE SCHEDULE O FOR DETAILS)

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

CONSTRUCTION & DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER, THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED CENTER WITH MAKE THE ROAD NEW YORK AND MAKING RELATED DEBT SERVICE...

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CONSTRUCTION & DEVELOPMENT OF A 24,000 SQUARE FOOT COMMUNITY CENTER, THE LEASING OF THE PROPERTY AND SUBLEASING OF THE COMPLETED CENTER WITH MAKE THE ROAD NEW YORK AND MAKING RELATED DEBT SERVICE PAYMENTS.

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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 $3,804,534
Program Service Revenue $0
Investment Income $80
Other Revenue $0
TOTAL REVENUE $3,804,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $32,617
TOTAL EXPENSES $32,617

Year-over-Year Comparison

2023 2022 Change
Revenue $3,804,614 $350,955 +9.8%
Expenses $32,617 $32,617 N/A
Net Income $3,771,997 $318,338 +10.8%
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
6
Independent Members
3
Employees
N/A
Volunteers
3

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
$590,689
Total Directors
6
$590,689
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jose L Lopez Co-executive Director 0.25
Officer Director
$0 $41,825 $203,567
Theodoro Oshiro Co-Executive Director 0.25
Officer Director
$0 $41,923 $199,370
Arlenis D Morel Co-Executive Director 0.25
Officer Director
$0 $22,392 $187,752
KARINA C BETANCOURT BOARD MEMBER 0.25
Director
$0 $0 $0
AMY ELIZABETH CAROLL BOARD MEMBER 0.25
Director
$0 $0 $0
PATRICIA SATTERSTROM BOARD MEMBER 0.25
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 $3,804,614 $32,617 $35,762,804 $3,771,997
2022 $350,955 $32,617 $29,692,888 $318,338
2021 $324,339 $32,617 $27,735,833 $291,722
2020 $341,214 $35,195 $27,041,738 $306,019
2019 $43,984 $56,618 $26,797,431 $-12,634
2018 $365,556 $98,297 $26,545,220 $267,259
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