NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARVERNE EAST PHASE 1 & PHASE 2 INC, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $6.9M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring.
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION.
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION. IN ORDER TO FULFILL ITS...
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF HOUSING PARTNERSHIP DEVELOPMENT CORPORATION. IN ORDER TO FULFILL ITS MISSION, THE ORGANIZATION COORDINATED ACTIVITIES FOR THE IMPROVEMENT OF THE WATERFRONT COMMUNITY IN FAR ROCKAWAY, NEW YORK. THE ORGANIZATION IS CURRENTLY WORKING ON A TEN-YEAR PROJECT THAT INVOLVES THE FOLLOWING: 1. RENTAL AND HOMEOWNERSHIP OPPORTUNITIES FOR ALL, RANGING FROM THE FORMERLY HOMELESS TO LOW, MODERATE, MIDDLE, AND MARKET-RATE HOUSEHOLDS.2. OVER 60 ACRES OF OUTDOOR RECREATION SPACE PROGRAMMED WITH A VARIETY OF ACTIVE AND PASSIVE USES.3. RETAIL AND COMMUNITY FACILITY SPACE DRIVEN BY LOCAL NEEDS AND SUPPORTING LOCAL JOBS AND BUSINESSES.4. LOCAL JOB CREATION FOR CONSTRUCTION TRADES, GREEN INFRASTRUCTURE, AGRICULTURE, BUILDING MAINTENANCE, AND CULINARY INDUSTRIES, PLUS OPPORTUNITIES FOR JOB TRAINING PROGRAMS ACROSS SECTORS.5. A COMMUNITY BUILT WITH RESILIENT AND SUSTAINABLE DESIGN FEATURES THAT PROACTIVELY COMBATS FUTURE IMPACTS OF CLIMATE CHANGE WHILE INTEGRATING STATE-OF-THE-ART METHODS TO OPTIMIZE ENERGY EFFICIENCY.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,926,321 | $22,872,013 | -0.7% |
| Expenses | N/A | $200,000 | -1.0% |
| Net Income | N/A | $22,672,013 | N/A |
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 |
|---|---|---|---|---|---|---|
| JAMIE SMARR | PRESIDENT & CEO | 1.00 |
Officer
Director
|
$0 | $40,688 | $381,842 |
| NADJA ALVARADO | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $36,304 | $122,810 |
| SHELIA MARTIN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $37,095 | $277,527 |
| ESTHER TOROPOVSKY | VICE PRESIDENT THRU 9/30/23 | 1.00 |
Officer
Director
|
$0 | $10,128 | $161,612 |
| THERESA OMANSKY | SECRETARY | 1.00 |
Officer
|
$0 | $30,706 | $241,728 |
| ADAM GOLD | TREASURER | 1.00 |
Officer
|
$0 | $30,749 | $204,495 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,926,321 | No data | $43,398,332 | No data |
| 2022 | $22,872,013 | $200,000 | $36,472,011 | $22,672,013 |
Compare ARVERNE EAST PHASE 1 & PHASE 2 INC with other nonprofits in New York and across the country.