BRONX, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIP RJP HOUSING DEVELOPMENT FUND CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $403K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $586K exceeded revenue, resulting in a 45% operating deficit.
THE ORGANIZATION'S PRIMARY ACTIVITY IS PROVIDING LOW INCOME HOUSING TO HOMELESS FAMILIES OF NEW YORK STATE AND OPERATION OF A BUILDING FUNDED BY LOW INCOME HOUSING TAX CREDITS. THE ORGANIZATION MAINTAINS THE HOUSING FACILITIES WHILE PARTNERING WITH VOCATIONAL INSTRUCTION PROJECT COMMUNITY SERVICES INC., AN IRS RECOGNIZED 501(C)(3), TO PROVIDE SOCIAL SERVICES TO THE FAMILIES. ABOVE 65% OF TIME WILL BE DEDICATED TO PROVIDED PROGRAM SERVICES TO THE RESIDENTS. THE ACTIVITIES ARE FUNDED BY RENTAL INCOME FROM RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $403,493 | $187,328 | +1.2% |
| Expenses | $585,766 | $305,546 | +0.9% |
| Net Income | $-182,273 | $-118,218 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JODI STURGEON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JOHN P NERO | VICE CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| SALVATORE GOGLIORMELLA | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| SETH TOWNSEND | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| WILLIAM TRUST JR | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| ZENALI TIRADO | BOARD CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| DEBBIAN FLETCHER-BLAKE | PRESIDENT/CEO | 4.00 |
Officer
|
$0 | $29,966 | $458,160 |
| FRANK KPLOANYI | CFO | 4.00 |
Officer
|
$0 | $22,729 | $304,222 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $403,493 | $585,766 | $4,145,605 | $-182,273 |
| 2023 | $187,328 | $305,546 | $4,283,670 | $-118,218 |
Compare VIP RJP HOUSING DEVELOPMENT FUND CORPORATION with other nonprofits in New York and across the country.