SHUHAB HDFC (EIN 020614246) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 (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

Governance

Voting Members

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

$914,790

Total Directors

$914,790

Key Employees

Highest Compensated

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

SHUHAB HDFC