GATES GARDENS HDFC INC (EIN 020695628) - 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

2003

Legal Domicile

Principal Officer

KIERAN HARRINGTON

Phone

7183663800

Tax Period

2023-01-01 to 2023-12-31

GATES GARDENS HDFC INC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

GATES GARDENS HDFC INC. WAS FORMED FOR THE PURPOSE OF DEVELOPING AND OPERATING A FEDERAL GOVERNMENT SUBSIDIZED HOUSING PROJECT WITH 61 UNITS FOR LOW-INCOME SENIOR CITIZENS IN BROOKLYN, NEW YORK, UNDER THE NATIONAL HOUSING ACT.

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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 $935,315

Program Service Revenue $228,413

Investment Income $4,190

Other Revenue $3,221

TOTAL REVENUE $1,171,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,097,103

Other Expenses $1,251,403

TOTAL EXPENSES $1,251,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,171,139	$1,073,342	+0.1%
Expenses	$1,251,403	$1,215,290	+0.0%
Net Income	$-80,264	$-141,948	-0.4%

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

N/A

Volunteers

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

$1,119,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONIA RIVERA	SECRETARY	1.00	Officer Director	$0	$0	$0
LUISA JOSE	DIRECTOR	1.00	Officer Director	$0	$0	$0
CARMEN RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
MIGUEL RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
BESSIE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SHORT	CEO	1.00	Officer	$0	$86,191	$656,956
EMILY KURTZ	ASSISTANT SECRETARY	1.00	Officer	$0	$66,444	$301,091
VISHAL CHAWLA	CFO	1.00	Officer	$0	$614	$25,614
JENNIFER NGUYEN	CFO THRU NOVEMBER 2023	1.00	Officer	$0	$11,332	$135,571

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	No data	No data	No data	No data
2023	$1,171,139	$1,251,403	$5,975,829	$-80,264
2022	$1,073,342	$1,215,290	$5,938,276	$-141,948
2021	$1,024,752	$1,028,622	$5,923,394	$-3,870
2020	$916,597	$1,019,659	$5,943,856	$-103,062
2019	$739,391	$1,124,319	$6,106,210	$-384,928
2018	$751,044	$1,028,568	$6,425,533	$-277,524

GATES GARDENS HDFC INC