REVEREND LINNETTE C WILLIAMSON MEMORIAL PARK ASSOCIATION
Mission Statement
Together with the VISTA program (Volunteers In Service To America a.k.a. the domestic "Peace Corps" program), our nonsectarian, nonprofit organization was founded by Harlem residents in 1994 as one of the few inner-city, urban land trusts in New York City and the United States. Our mission is to improve the quality of life for children, families and senior citizens in Harlem. We use the four public, open spaces we created and now steward as “village greens” to help repair the social fabric of our neighborhood by providing essential services including our Art and the Gardens Summer Youth Enrichment Program.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 82.0% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.0% | 11.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
448.2 mo | 36.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.0% | 96.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
15.7% | 0.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-15.3% | 0.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
35.8% | 16.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $52K | $33K | $1.2M | 100.0% | 0 |
| 2022 | $45K | $39K | $1.1M | 100.0% | 0 |
| 2021 | $66K | $26K | N/A | — | 0 |
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