145 SOUTH 3RD STREET HOUSING DEVELOPMENT FUND CORPORATION

EIN: 043661106 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$1,329,726
Total Expenses
$1,386,542
Total Assets
$7,619,498
Net Assets
$-2,577,405
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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
NY
Principal Officer
JUAN RAMOS
Phone
7183873600
Tax Period
2023-01-01 to 2023-12-31

145 SOUTH 3RD STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

OPERATES A 65 UNIT HOUSING PROJECT FOR ELDERLY PERSONS OF LOW INCOME.

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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 $1,323,957
Investment Income $148
Other Revenue $5,621
TOTAL REVENUE $1,329,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,274,079
Other Expenses $1,386,542
TOTAL EXPENSES $1,386,542

Year-over-Year Comparison

2023 2022 Change
Revenue $1,329,726 $1,352,159 0.0%
Expenses $1,386,542 $1,382,284 +0.0%
Net Income $-56,816 $-30,125 +0.9%
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
15
Independent Members
15
Employees
N/A
Volunteers
15

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
6
$381,455
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNETTE ROSADO BOARD MEMBER 0.50
Director
$0 $0 $0
CASSANDRA ACEVEDO SECRETARY 0.50
Officer Director
$0 $0 $0
DAMARIS REYES BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID LOPEZ CHAIRMAN 0.50
Officer Director
$0 $0 $0
GLADYS OGANDO BOARD MEMBER 0.50
Director
$0 $0 $0
ISRAEL ROSARIO TREASURER 0.50
Officer Director
$0 $0 $0
MAISHA MORALES BOARD MEMBER 0.50
Director
$0 $0 $0
MARIA OCASIO BOARD MEMBER 0.50
Director
$0 $0 $0
MARTIN NEEDLEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
RAY NARVAEZ VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
RICARDO MOLINA BOARD MEMBER 0.50
Director
$0 $0 $0
WILFREDO VARGAS BOARD MEMBER 0.50
Director
$0 $0 $0
JOE PACHECO BOARD MEMBER 0.50
Director
$0 $0 $0
JIM O'SHEA BOARD MEMBER 0.50
Director
$0 $0 $0
YOWALKZ ROSARIO BOARD MEMBER 0.50
Director
$0 $0 $0
JUAN RAMOS EXECUTIVE DIRECTOR 0.50
Officer
$0 $17,573 $209,348
LENETTE BERRIOS FINANCE DIRECTOR 0.50
Officer
$0 $17,573 $172,107
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 $1,329,726 $1,386,542 $7,619,498 $-56,816
2022 $1,352,159 $1,382,284 $7,648,778 $-30,125
2021 $1,362,395 $1,346,405 $7,694,022 $15,990
2020 $1,164,649 $1,359,074 $7,764,504 $-194,425
2019 $914,781 $1,244,408 $7,793,230 $-329,627
2018 $992,845 $1,092,408 $8,045,403 $-99,563
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