SHUHAB HDFC

EIN: 020614246 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,477,689
Total Expenses
$2,304,377
Total Assets
$13,038,912
Net Assets
$-13,394,616
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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
2002
Legal Domicile
NY
Principal Officer
JUDITH HERBSTMAN
Phone
2122656530
Tax Period
2024-01-01 to 2024-12-31

SHUHAB HDFC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN NEW YORK CITY.

Program Service Accomplishments

Program 1
Expenses: $2,235,096 Revenue: $1,467,652

PURCHASED, DEVELOPED AND MANAGED HOUSING COMPLEX FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES IN NEW YOUR CITY.

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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 $0
Program Service Revenue $1,445,947
Investment Income $10,037
Other Revenue $21,705
TOTAL REVENUE $1,477,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,235,096
Other Expenses $2,304,377
TOTAL EXPENSES $2,304,377

Year-over-Year Comparison

2024 2023 Change
Revenue $1,477,689 $1,620,530 -0.1%
Expenses $2,304,377 $2,439,690 -0.1%
Net Income $-826,688 $-819,160 +0.0%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
5
$914,790
Total Directors
5
$914,790
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXA SEWELL PRESIDENT (THROUGH 2/23/24) 0.25
Officer Director
$0 $16,551 $83,776
JACQUELINE TOM TREASURER 0.25
Officer Director
$0 $16,524 $218,733
JOANNA KAMHI SECRETARY 0.25
Officer Director
$0 $16,524 $154,891
MICHAEL GABOURY VICE PRESIDENT 0.25
Officer Director
$0 $16,524 $217,328
RICHARD JOHNS PRESIDENT 0.25
Officer Director
$0 $6,216 $240,062
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 $1,477,689 $2,304,377 $13,038,912 $-826,688
2023 $1,620,530 $2,439,690 $13,301,156 $-819,160
2022 $1,624,865 $2,494,998 $13,306,059 $-870,133
2021 $1,926,133 $2,254,807 $14,058,042 $-328,674
2020 $1,522,304 $2,074,743 $14,285,946 $-552,439
2019 $1,974,270 $2,891,848 $15,042,240 $-917,578
2018 $1,950,066 $3,475,209 $15,834,368 $-1,525,143
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