New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Living Redemption Community Development Corp, founded in 2019, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 35% operating deficit.
The Living Redemption Youth Opportunity Hub is a community-based initiative serving youth, families, and communities in the New York City area.
Living Redemption provided comprehensive services to youth and families across multiple New York City communities in 2024. During the year, the organization served approximately 2,368 youth and 800...
Living Redemption provided comprehensive services to youth and families across multiple New York City communities in 2024. During the year, the organization served approximately 2,368 youth and 800 plus families. In addition to these core services, Living Redemption addressed food insecurity by distributing food to 3,539 individuals through initiatives such as NeighborhoodSTAT and the Family Enrichment Center. Community outreach efforts were robust, engaging nearly 7,000 individuals through events like the Juneteenth celebration, Grow with Google (Google Suite Training) workshops, and toy distributions. These outreach activities not only expanded our reach but also fostered stronger community connections and access to resources. Notably, the organization supported 37 individuals in securing employment and celebrated 9 college enrollment, reflecting our commitment to positive, measurable outcomes. These quantitative indicators supplement the narrative in Part III and help demonstrate the scope and effectiveness of our programs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,960,091 | $5,008,907 | -0.4% |
| Expenses | $3,995,215 | $3,812,499 | +0.0% |
| Net Income | $-1,035,124 | $1,196,408 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Maurice Winley | President & CEO | 40.00 |
Officer
Director
|
$279,108 | $0 | $279,108 |
| Newton James | Dep Director of Operations | 40.00 |
Director
|
$117,751 | $0 | $117,751 |
| Frederick Towles | Director of Finance | 40.00 |
Officer
|
$78,532 | $0 | $78,532 |
| Janet Braithwaite | Director of Administration | 35.00 |
Officer
Director
|
$47,281 | $0 | $47,281 |
| Dawn Hayward | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Sola Winley | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Ronnie Turner | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Derek Suite | Chair | 5.00 |
Director
|
$0 | $0 | $0 |
| Lloyd Doaman | Treasurer | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,960,091 | $3,995,215 | $1,512,028 | $-1,035,124 |
| 2023 | $4,486,258 | $3,984,561 | $2,075,034 | $501,697 |
| 2023 | $5,008,907 | $3,812,499 | $3,305,858 | $1,196,408 |
| 2022 | $3,242,789 | $1,521,439 | $2,286,784 | $1,721,350 |
| 2021 | $833,170 | $503,117 | $577,839 | $330,053 |
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