HANYC FOUNDATION INC

EIN: 833283722 501(c)(3) Public Safety

NEW YORK, NY

Total Revenue
$1,599,624
Total Expenses
$667,289
Total Assets
$1,462,396
Net Assets
$1,250,921
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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
2019
Legal Domicile
NY
Principal Officer
Vijay Dandapani
Phone
2127546700
Tax Period
2023-01-01 to 2023-12-31

HANYC FOUNDATION INC, founded in 2019, is a community nonprofit in the Public Safety sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 315% from the prior year, signaling strong growth momentum. The organization ran a surplus of $932K, a strong 58% operating margin.

Mission

The Foundation focuses on three areas:1.Education, by providing scholarships to students who will pursue an associate's or bachelor's degree program in Hospitality2. Crisis relief, by providing short-term hotel stays to individuals experiencing unexpected hardships and3. Efforts to combat Human Trafficking, by providing training to the hotel industry. This will include partnering with individuals and other organizations in order to provide an overview of sex and labor trafficking and their impact on the hotel industry, to discuss common indicators of human trafficking and case examples, to give action steps on how to respond to and prevent human trafficking.The Foundation will organize fundraising events such as an annual Golf Outing and an annual Red Carpet Hospitality Gala, where all proceeds beyond expenses will go directly to the Foundation. We will also organize educational and similar seminars focused on our efforts related to Human Trafficking.

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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 $93,364
Program Service Revenue $1,327,000
Investment Income $3,530
Other Revenue $175,730
TOTAL REVENUE $1,599,624

Expense Breakdown

Grants Paid $50,917
Salaries & Benefits $148,295
Fundraising Expenses $0
Program Expenses $602,235
Other Expenses $468,077
TOTAL EXPENSES $667,289

Year-over-Year Comparison

2023 2022 Change
Revenue $1,599,624 $385,292 +3.2%
Expenses $667,289 $136,118 +3.9%
Net Income $932,335 $249,174 +2.7%
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
14
Independent Members
13
Employees
3
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
2
$703,956
Total Directors
14
$703,956
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vijay Dandapani President 1.00
Officer Director
$0 $19,800 $703,956
KATELYNN MORRIS Director 1.00
Officer Director
$0 $0 $0
JULIE GREENBERG Director 1.00
Director
$0 $0 $0
ROBERT SALEM Director 1.00
Director
$0 $0 $0
KARAMBIR KANG Director 1.00
Director
$0 $0 $0
KATHY MORALES Director 1.00
Director
$0 $0 $0
GABRIELLE DESINTONIO Director 1.00
Director
$0 $0 $0
ALAN STEEL Director 1.00
Director
$0 $0 $0
CHRIS O'SULIVAN Director 1.00
Director
$0 $0 $0
NATALIE BOGAN Director 1.00
Director
$0 $0 $0
PENNY WILLIMANN Director 1.00
Director
$0 $0 $0
HEATHER DAVIS chairperson 1.00
Director
$0 $0 $0
PRADEEP RAMAN Director 1.00
Director
$0 $0 $0
Herv Houdr 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
2024 No data No data No data No data
2023 $1,599,624 $667,289 $1,462,396 $932,335
2022 $385,292 $136,118 $358,613 $249,174
2021 $19,500 $61,971 $92,920 $-42,471
2020 $11,120 $65,488 $111,428 $-54,368
2019 $211,680 $54,621 $158,192 $157,059
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