RED HOOK COMMUNITY BUSINESS ALLIANCE

EIN: 881472299 501(c)(3) Community Improvement

BROOKLYN, NY

Total Revenue
$234,426
Total Expenses
$224,661
Total Assets
$104,567
Net Assets
$10,056
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
SUSAN POVICH
Phone
9176483734
Tax Period
2024-07-01 to 2025-06-30

RED HOOK COMMUNITY BUSINESS ALLIANCE, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $234K in total revenue in fiscal year 2024. Revenue surged 80183% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 4% surplus.

Mission

TO ENSURE THE VITALITY OF RED HOOK AND THE PRESERVATION OF ONE OF NYC'S MOST DYNAMIC AND UNIQUE WATERFRONT NEIGHBORHOODS. WE WORK TO BUILD A RESILIENT AND VIBRANT RED HOOK NEIGHBORHOOD BY SHARING RESOURCES, BUILDING CONNECTIONS, ADVOCATING FOR IMPROVED CONDITIONS, INCREASING UTILIZATION OF RED HOOK'S MANY TALENTS AND ASSETS, AND PRODUCING AND MARKETING EVENTS THAT SHOWCASE ALL THAT RED HOOK HAS TO OFFER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $228,426
Program Service Revenue $6,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $234,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,555
Fundraising Expenses $0
Program Expenses $189,204
Other Expenses $79,106
TOTAL EXPENSES $224,661

Year-over-Year Comparison

2024 2023 Change
Revenue $234,426 $292 +801.8%
Expenses $224,661 N/A N/A
Net Income $9,765 $292 +32.4%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
75

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
6
$10,395
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN POVICH CHAIR 1.25
Officer Director
$0 $0 $0
VICTORIA ALEXANDER VICE CHAIR 0.30
Officer Director
$0 $0 $0
JOHN FRIZELL SECRETARY 0.10
Officer Director
$0 $0 $0
MARK SNYDER CO-SECRETARY 0.10
Officer Director
$0 $0 $0
DAVID GOLDBERG TREASUER 0.20
Officer Director
$0 $0 $0
DAWN SKEET BOARD MEMBER 0.10
Director
$0 $0 $0
MEGAN SUTTLES BOARD MEMBER 0.30
Director
$0 $0 $0
CHRISSY FICHTL BOARD MEMBER 0.10
Director
$0 $0 $0
AMBER LASCIAK BOARD MEMBER 0.10
Director
$0 $0 $0
TIFFINEY DAVIS BOARD MEMBER 0.10
Director
$0 $0 $0
CARLY BAKER-RICE EXECUTIVE DIRECTOR 40.00
Officer
$9,101 $1,294 $10,395
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 $234,426 $224,661 $104,567 $9,765
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