BROOKLYN COMMUNITIES COLLABORATIVE… - 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

2019

Principal Officer

SHARI SUCHOFF

Phone

7182837308

Tax Period

2024-01-01 to 2024-12-31

BROOKLYN COMMUNITIES COLLABORATIVE INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

BCC'S MISSION IS TO CREATE A BROOKLYN WHERE ALL COMMUNITIES ARE HEALTHY, ECONOMICALLY SOUND, CULTURALLY VIBRANT, AND CIVICALLY ENGAGED.

Program Service Accomplishments

Program 1

IN 2024, BCC LAUNCHED THE BROOKLYN HEALTH ENTERPRISE SMALL BUSINESS ACCELERATOR IN 2024, IN PARTNERSHIP WITH THE DEPARTMENT OF URBAN POLICY AND PLANNING AT HUNTER COLLEGE-CUNY AND ELEVEN3SEVEN5. THE ACCELERATOR OFFERED A COHORT OF LOCAL, MINORITY AND WOMEN-OWNED BUSINESSES EXPERT-LED SEMINARS, PERSONALIZED TECHNICAL ASSISTANCE, AND EDUCATION ON PROCUREMENT PROCESSES. PARTICIPANTS ALSO GAINED ACCESS TO A NETWORK OF PROFESSIONALS AND PROCUREMENT LEADERS FROM BCC'S ANCHOR PARTNERS. ORIGINALLY DESIGNED FOR NINE BUSINESSES, OVERWHELMING INTEREST AND QUALIFIED APPLICANTS PROMPTED BCC TO EXPAND THE PROGRAM TO INCLUDE 13 PARTICIPANTS.

Program 2

IN 2024, BCC LAUNCHED THE THIRD ROUND OF FUNDING THROUGH ITS STRONG COMMUNITIES FUND REGRANTING INITIATIVE, FOCUSING ON IMPROVING MATERNAL HEALTH IN BROOKLYN COMMUNITIES. A COMMUNITY-LED...

IN 2024, BCC LAUNCHED THE THIRD ROUND OF FUNDING THROUGH ITS STRONG COMMUNITIES FUND REGRANTING INITIATIVE, FOCUSING ON IMPROVING MATERNAL HEALTH IN BROOKLYN COMMUNITIES. A COMMUNITY-LED, MULTI-DISCIPLINARY REVIEW COMMITTEE REVIEWED APPLICATIONS AND AWARDED GRANTS TO 10 ORGANIZATIONS COMMITTED TO ADVANCING MATERNAL HEALTH OUTCOMES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,607,510

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,607,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $76,632

Program Expenses $1,429,181

Other Expenses $1,646,936

TOTAL EXPENSES $1,646,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,607,510	$2,028,331	-0.2%
Expenses	$1,646,936	$2,147,285	-0.2%
Net Income	$-39,426	$-118,954	-0.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$330,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN NELSON	CHAIR	2.00	Officer Director	$0	$0	$0
HON ROGER GREEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA SIMINO-BOYCE	TREASURER	2.00	Director	$0	$0	$0
DAVID COHEN	SECRETARY (E	2.00	Officer Director	$0	$0	$0
DAVID BERGER	DIRECTOR	1.00	Director	$0	$0	$0
TORIAN EASTERLING	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN FRASER	DIRECTOR	1.00	Director	$0	$0	$0
COLVIN GRANNUM	DIRECTOR	1.00	Director	$0	$0	$0
DONA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
MAURICE REID	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRUCE RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
SHARI SUCHOFF	EXECUTIVE DI	20.00	Officer	$0	$20,025	$330,647

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	$1,607,510	$1,646,936	$2,537,868	$-39,426
2023	$2,028,331	$2,147,285	$2,405,452	$-118,954
2022	$2,061,150	$920,095	$2,131,851	$1,141,055
2021	$2,362,502	$3,349,790	$1,766,016	$-987,288
2020	$4,190,737	$2,535,103	$2,279,727	$1,655,634

BROOKLYN COMMUNITIES COLLABORATIVE INC