BROOKLYN NY FOR LIFE INC C/O ALTMA… - 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

2020

Legal Domicile

Principal Officer

JEFFREY WRIGHT

Phone

2127684500

Tax Period

2024-01-01 to 2024-12-31

BROOKLYN NY FOR LIFE INC C/O ALTMAN GREENFIELD & SELVAGGI, founded in 2020, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $100 in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $450 exceeded revenue, resulting in a 350% operating deficit.

Mission

TO SUPPORT LOCAL RESTAURANTS AND FRONT LINE HEALTHCARE WORKERS DURING THE COVID-19 PANDEMIC BY FULLY FUNDING MEALS VIA TAKE-OUT AND DELIVERY SERVICES FROM BROOKLYN RESTAURANTS AND LOCAL BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $450 Revenue: $100

BROOKLYN NY FOR LIFE! PROVIDED THOUSANDS OF HOSIPTAL WORKERS WITH HUNDREDS OF THOUSANDS OF DOLLARS WORTH OF MEALS AND GROCERIES FROM LOCAL BROOKLYN BUSINESSES. THIS PRACTICE GAVE FRONTLINE HEALTHCARE WORKERS MUCH NEEDED SUPPORT AND HELPED RESTAURANTS STAY OPERATIONAL AND KEEP THEIR STAFF EMPLOYED.

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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 $100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $450

Other Expenses $450

TOTAL EXPENSES $450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100	$500	-0.8%
Expenses	$450	$698	-0.4%
Net Income	$-350	$-198	+0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY WRIGHT	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL THOMPSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
VITO RANDAZZO	VICE PRESIDENT	1.00	Officer	$0	$0	$0
PETER J BARRY	SECRETARY AND TREASURER	1.00	Officer	$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	$100	$450	$26	$-350
2023	$500	$698	$375	$-198
2022	$1,312	$1,089	$573	$223
2021	$10,091	$28,207	$350	$-18,116
2020	$1,142,079	$1,123,613	$18,466	$18,466

BROOKLYN NY FOR LIFE INC C/O ALTMAN GREENFIELD & SELVAGGI