500 WEST 42ND STREET HDFC

EIN: 030501842 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$177,970
Total Expenses
$52,765
Total Assets
$3,709,743
Net Assets
$3,709,743
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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
JOSEPH RESTUCCIA
Phone
2129671644
Tax Period
2023-01-01 to 2023-12-31

500 WEST 42ND STREET HDFC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $178K in total revenue in fiscal year 2023. The organization ran a surplus of $125K, a strong 70% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME RESIDENTS IN NYC

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $52,445
Investment Income $0
Other Revenue $125,525
TOTAL REVENUE $177,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,445
Other Expenses $52,765
TOTAL EXPENSES $52,765

Year-over-Year Comparison

2023 2022 Change
Revenue $177,970 $175,483 +0.0%
Expenses $52,765 $52,442 +0.0%
Net Income $125,205 $123,041 +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
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH RESTUCCIA TREASURER N/A
Officer
$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 No data No data No data No data
2023 $177,970 $52,765 $3,709,743 $125,205
2022 $175,483 $52,442 $3,584,538 $123,041
2021 $174,979 $51,083 $3,461,497 $123,896
2020 $174,572 $51,394 $3,337,601 $123,178
2019 $173,452 $54,016 $3,214,423 $119,436
2018 $172,696 $57,003 $3,094,987 $115,693
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