A KORNEGAY SENIOR HOUSES HDFC

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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

2001

Legal Domicile

Principal Officer

SULEIKA CABERA DRINANE

Phone

7187228317

Tax Period

2023-10-01 to 2024-09-30

A KORNEGAY SENIOR HOUSES HDFC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 53% operating deficit.

Mission

TO PROVIDE HOUSING TO THE ELDERLY AND HANDICAPPED.

Program Service Accomplishments

Program 1

Expenses: $1,847,858

A. KORNEGAY SENIOR HOUSES HDFC PROVIDES SAFE, CLEAN HOUSING FOR THE ELDERLY AND HANDICAPPED FAMILIES AS DEFINED IN SECTION 202 OF THE FAIR HOUSING ACT OF 1959. THE PROJECT OPERATES AN 89 UNIT...

A. KORNEGAY SENIOR HOUSES HDFC PROVIDES SAFE, CLEAN HOUSING FOR THE ELDERLY AND HANDICAPPED FAMILIES AS DEFINED IN SECTION 202 OF THE FAIR HOUSING ACT OF 1959. THE PROJECT OPERATES AN 89 UNIT APARTMENT BUILDING LOCATED AT 2101 LEXINGTON AVENUE, NEW YORK, NY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,263,314

Investment Income $22,561

Other Revenue $52,708

TOTAL REVENUE $1,338,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,884

Fundraising Expenses $0

Program Expenses $1,847,858

Other Expenses $1,790,770

TOTAL EXPENSES $2,051,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,338,583	$1,853,432	-0.3%
Expenses	$2,051,654	$1,894,891	+0.1%
Net Income	$-713,071	$-41,459	+16.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SULEIKA CABERA DRINANE	PRESIDENT	0.50	Officer Director	$0	$0	$0
BLANCA MARTIR	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGIE ORTEGA	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANCES L PIMENTAL	BOARD MEMBER	0.50	Director	$0	$0	$0
FELICIA SALIVA	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
DIANE SPANN	BOARD MEMBER	0.50	Director	$0	$0	$0
DERRICK TAITT	VICE PRESIDE	0.50	Officer 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
2024	$1,558,665	$2,387,797	$4,808,046	$-829,132
2024	$1,338,583	$2,051,654	$4,841,823	$-713,071
2023	$1,853,432	$1,894,891	$5,292,271	$-41,459
2022	$1,507,156	$1,785,505	$5,642,169	$-278,349
2021	$979,422	$1,729,949	$5,805,499	$-750,527
2020	$899,497	$1,621,086	$6,155,462	$-721,589
2019	$922,284	$1,529,453	$6,511,299	$-607,169
2018	$939,441	$1,423,034	$6,886,567	$-483,593