GREATER HEMPSTEAD HOUSING DEVELOPMENT FUND CORPORATION (EIN 112223242) - 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

1970

Legal Domicile

Principal Officer

WALTER S KERSHAW

Phone

5164086263

Tax Period

2020-01-01 to 2020-12-31

GREATER HEMPSTEAD HOUSING DEVELOPMENT FUND CORPORATION, founded in 1970, is a small nonprofit in the Housing & Shelter sector that reported $102K in total revenue in fiscal year 2020. Expenses of $99K left a modest 3% surplus.

Mission

SEARCH FOR AND PURCHASE, RENOVATE, AND OPERATE AFFORDABLE HOUSING TO LOW INCOME FAMALIES RESULTING IN THE IMPROVEMENT OF LIVING CONDITIONS IN A DEPRESSED AREA OF NASSAU COUNTY, N.Y.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,000

Investment Income $0

Other Revenue $69,304

TOTAL REVENUE $102,304

Expense Breakdown

Grants Paid $150

Salaries & Benefits $48,901

Fundraising Expenses $0

Program Expenses $98,730

Other Expenses $49,679

TOTAL EXPENSES $98,730

Year-over-Year Comparison

	2020	2019	Change
Revenue	$102,304	$101,563	+0.0%
Expenses	$98,730	$106,111	-0.1%
Net Income	$3,574	$-4,548	-1.8%

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
WALTER S KERSHAW	Chairman/ & Pre	2.00	Officer Director	$0	$0	$0
WILLIE RICKS	VICE CHAIRMAN	2.00	Director	$0	$0	$0
MILES MERRITT	Treasurer	20.00	Officer Director	$0	$0	$0
HARRY RANSOM	DIRECTOR	2.00	Director	$0	$0	$0
SHIRLEY WHITE	Secretary	2.00	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
2020	$102,304	$98,730	$3,205,267	$3,574
2019	$101,563	$106,111	$3,155,773	$-4,548
2018	$101,341	$104,023	$3,119,065	$-2,682

GREATER HEMPSTEAD HOUSING DEVELOPMENT FUND CORPORATION