AGUDAS ACHIM DEVELOPMENT CORPORATION (EIN 042446461) - 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

1965

Legal Domicile

Principal Officer

DAVID POSNER

Phone

6174825500

Tax Period

2023-10-01 to 2024-09-30

AGUDAS ACHIM DEVELOPMENT CORPORATION, founded in 1965, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO CONSTRUCT, OWN AND OPERATE GOVERNMENT SUBSIDIZED HOUSING UNDER SECTION 221(D)(3) OF 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 $0

Program Service Revenue $1,162,683

Investment Income $30,217

Other Revenue $0

TOTAL REVENUE $1,192,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,429

Fundraising Expenses $0

Program Expenses $1,190,732

Other Expenses $1,177,138

TOTAL EXPENSES $1,530,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,192,900	$977,886	+0.2%
Expenses	$1,530,567	$1,205,550	+0.3%
Net Income	$-337,667	$-227,664	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POSNER	PRESIDENT AND SECRETARY	2.00	Officer Director	$0	$0	$0
KENNY MAZONSON	TREASURER	2.00	Officer Director	$0	$0	$0
ALLAN ZALK	DIRECTOR	2.00	Director	$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	$1,192,900	$1,530,567	$1,772,109	$-337,667
2022	$945,766	$1,116,305	$2,254,251	$-170,539
2021	$930,883	$1,044,366	$2,375,126	$-113,483
2020	$1,072,454	$988,558	$2,634,447	$83,896
2019	$1,195,346	$1,027,666	$2,515,703	$167,680
2018	$1,164,373	$971,685	$2,357,113	$192,688

AGUDAS ACHIM DEVELOPMENT CORPORATION