BUILDING 127 LL INC (EIN 831766314) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

PAUL KELLY

Phone

7189075981

Tax Period

2025-01-01 to 2025-12-31

BUILDING 127 LL INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $279K in total revenue in fiscal year 2025. Expenses of $1.5M exceeded revenue, resulting in a 439% operating deficit.

Mission

BUILDING 127 LL, INC. WAS FORMED AS PART OF BROOKLYN NAVY YARD DEVELOPMENT CORPORATION'S ("BNYDC") EFFORTS TO RENOVATE BUILDING 127 (THE "PROJECT"), AN INDUSTRIAL FACILITY, THAT IS A CERTIFIED HISTORIC STRUCTURE AND IS ELIGIBLE FOR INVESTMENT TAX CREDITS FOR QUALIFYING REHABILITATION EXPENDITURES PURSUANT TO SECTION 47 OF THE IRC. THE CORPORATION WILL ENGAGE SOLELY IN THE FACILITATION OF FINANCING FOR REDEVELOPMENT AND SUBSEQUENT LEASING OF BUILDING 127. TO FACILITATE THE FINANCING OF THE PROJECT RENOVATIONS, THE CORPORATION BORROWED FUNDS AND WILL USE THE PROCEEDS OF THE LOANS TO MAKE A LOAN TO THE INVESTMENT FUND

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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 $0

Program Service Revenue $279,145

Investment Income $0

Other Revenue $0

TOTAL REVENUE $279,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,491,872

Other Expenses $1,504,998

TOTAL EXPENSES $1,504,998

Year-over-Year Comparison

	2025	2024	Change
Revenue	$279,145	$268,876	+0.0%
Expenses	$1,504,998	$1,588,922	-0.1%
Net Income	$-1,225,853	$-1,320,046	-0.1%

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

N/A

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

$1,366,455

Total Directors

$1,366,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSIE KIM	SECRETARY, DIRECTOR	1.00	Officer Director	$0	$87,211	$295,342
PAUL KELLY	PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$44,620	$330,785
WIMAL ARIYAWANSA	TREASURER, DIRECTOR	1.00	Officer Director	$0	$100,977	$378,496
SHANNY SPRAUS-REINHARDT	VP, DIRECTOR	1.00	Officer Director	$0	$87,675	$361,832
CHRIS TEPPER	DIRECTOR	1.00	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
2025	$279,145	$1,504,998	$25,973,936	$-1,225,853
2024	$268,876	$1,588,922	$25,841,474	$-1,320,046
2023	$249,531	$1,590,445	$25,037,754	$-1,340,914
2022	$249,530	$1,636,509	$25,329,016	$-1,386,979
2021	$709,716	$1,642,609	$25,028,837	$-932,893
2020	$249,530	$1,695,294	$25,037,788	$-1,445,764
2019	$249,530	$1,617,943	$25,356,273	$-1,368,413
2018	$66,564	$432,599	$25,016,409	$-366,035

BUILDING 127 LL INC