HSC NO 5 HOUSING DEVELOPMENT FU COMPANY INC (EIN 010698010) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

WILLIAM DAVIDSON

Phone

6312620101

Tax Period

2023-08-01 to 2024-07-31

HSC NO 5 HOUSING DEVELOPMENT FU COMPANY INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $718K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING FOR THE ELDERY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $716,577

Investment Income $1,328

Other Revenue $0

TOTAL REVENUE $717,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,387

Fundraising Expenses $0

Program Expenses $890,061

Other Expenses $864,829

TOTAL EXPENSES $1,043,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,905	$756,681	-0.1%
Expenses	$1,043,216	$1,040,625	+0.0%
Net Income	$-325,311	$-283,944	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$307,278

Total Directors

$635,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAVIDSON	PRESIDENT	1.00	Officer Director	$0	$0	$253,116
LAWRENCE CREGAN	DIRECTOR	1.00	Director	$0	$0	$156,266
JANICE DALESSIO	DIRECTOR	1.00	Officer Director	$0	$0	$54,162
JEFFREY HARTMAN	DIRECTOR	1.00	Director	$0	$0	$117,864
JOHN ZANFINO	DIRECTOR	1.00	Director	$0	$0	$54,162
VINCENT FRIGERIA III	DIRECTOR	N/A	Officer Director	$0	$0	$0
JUDY FARABAUGH	ACCOUNTANT	1.00	Highest	$4,800	$0	$222,074
FRANK TASSONE	DIRECTOR	N/A	Director	$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	No data	No data	No data	No data
2024	$717,905	$1,043,216	$5,160,506	$-325,311
2023	$756,681	$1,040,625	$5,481,229	$-283,944
2022	$951,248	$968,039	$5,757,814	$-16,791
2021	$741,958	$883,517	$5,816,026	$-141,559
2020	$665,741	$780,899	$5,939,085	$-115,158
2019	$501,972	$780,384	$6,060,318	$-278,412

HSC NO 5 HOUSING DEVELOPMENT FU COMPANY INC