EAST RIVER DEVELOPMENT ALLIANCE INC

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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

2003

Legal Domicile

Principal Officer

MITCHELL TAYLOR

Tax Period

2024-07-01 to 2025-06-30

EAST RIVER DEVELOPMENT ALLIANCE INC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $9.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

The Organization works in public housing communities primarily in Western Queens, NY to provide residents with tools and resources needed for personal and community improvement and revitalization, primarily focusing on achieving economic mobility, self sufficiency. Results are achieved through a combination of integrated programs in individual and community development.

Program Service Accomplishments

Program 1

Expenses: $4,447,710 Revenue: $3,720,284

WORKFORCE DEVELOPMENT PROGRAMsee schedule o

Program 2

Expenses: $1,863,027 Revenue: $1,830,975

FINANCIAL CONSULTINGsee schedule 0

Program 3

Expenses: $1,015,514 Revenue: $1,017,226

EDUCATION ACCESS AND DEVELOPMENTsee schedule o

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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 $8,715,935

Program Service Revenue $0

Investment Income $0

Other Revenue $355,185

TOTAL REVENUE $9,071,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,213,976

Fundraising Expenses $1,110,239

Program Expenses $7,691,128

Other Expenses $2,719,063

TOTAL EXPENSES $9,933,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,071,120	$9,913,152	-0.1%
Expenses	$9,933,039	$9,880,445	+0.0%
Net Income	$-861,919	$32,707	-27.4%

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

230

Volunteers

106

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

$221,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL TAYLOR	CEO	35.00	Officer	$221,250	$0	$221,250
DAVID MILLER	CFO	35.00		$172,606	$0	$172,606
Telisha Taylor	DIRECTOR	35.00		$121,159	$0	$121,159
Patricia Saenz	DIRECTOR	35.00		$100,513	$0	$100,513
Queneetsha Minor	Director	35.00		$100,475	$0	$100,475
ERIC BARRIER	MEMBER	0.00	Director	$0	$0	$0
BENJAMIN LERER	MEMBER	0.00	Officer Director	$0	$0	$0
CHAKA ADAMS	MEMBER	0.00	Director	$0	$0	$0
NICHOLAS WILLIAMS	Secretary	0.00	Director	$0	$0	$0
SAM HEFFERNAN	MEMBER	0.00	Director	$0	$0	$0
CLADIA COGER	MEMBER	0.00	Director	$0	$0	$0
ELYSABETH KLEINHANS	MEMBER	0.00	Director	$0	$0	$0
ERIC GIOIA	MEMBER	0.00	Director	$0	$0	$0
FRANCES FAEHNER	MEMBER	0.00	Director	$0	$0	$0
MIKE WOLOZ	MEMBER	0.00	Director	$0	$0	$0
BONNY BERGSTEIN	Chairman	0.00	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
2025	$9,071,120	$9,933,039	$9,155,511	$-861,919
2024	No data	No data	No data	No data
2023	$10,965,045	$10,817,752	$10,825,675	$147,293
2022	$13,855,965	$10,316,035	$8,396,671	$3,539,930
2021	$7,145,499	$6,823,100	$2,664,233	$322,399
2020	$6,572,761	$6,204,471	$2,151,758	$368,290