SOUTHSIDE UNITED HOUSING DEVELOPMENT FUND CORPORATION

EIN: 112268359 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$5,985,423
Total Expenses
$5,880,822
Total Assets
$14,438,228
Net Assets
$12,171,924
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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
1972
Legal Domicile
NY
Principal Officer
JUAN RAMOS
Phone
7183873600
Tax Period
2023-01-01 to 2023-12-31

SOUTHSIDE UNITED HOUSING DEVELOPMENT FUND CORPORATION, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $6.0M in total revenue in fiscal year 2023. Net assets of $12.2M represent 24 months of operating reserves.

Mission

DEVELOP AND PROVIDE HOUSING FOR 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 $3,967,704
Program Service Revenue $1,550,885
Investment Income $51,409
Other Revenue $415,425
TOTAL REVENUE $5,985,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,906,682
Fundraising Expenses $0
Program Expenses $5,833,993
Other Expenses $1,974,140
TOTAL EXPENSES $5,880,822

Year-over-Year Comparison

2023 2022 Change
Revenue $5,985,423 $5,952,196 +0.0%
Expenses $5,880,822 $4,577,955 +0.3%
Net Income $104,601 $1,374,241 -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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Governance

Voting Members
15
Independent Members
15
Employees
64
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
CASSANDRA ACEVEDO SECRETARY 0.50
Officer Director
$0 $0 $0
DAVID LOPEZ CHAIRMAN 0.50
Officer Director
$0 $0 $0
RICARDO MOLINA BOARD MEMBER 0.50
Director
$0 $0 $0
MAISHA MORALES BOARD MEMBER 0.50
Director
$0 $0 $0
RAY NARVAEZ VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
MARTIN NEEDLEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
MARIA OCASIO BOARD MEMBER 0.50
Director
$0 $0 $0
GLADYS OGANDO BOARD MEMBER 0.50
Director
$0 $0 $0
JIM O'SHEA BOARD MEMBER 0.50
Director
$0 $0 $0
JOE PACHECO BOARD MEMBER 0.50
Director
$0 $0 $0
DAMARIS REYES BOARD MEMBER 0.50
Director
$0 $0 $0
ANNETTE ROSADO BOARD MEMBER 0.50
Director
$0 $0 $0
ISRAEL ROSARIO TREASURER 0.50
Officer Director
$0 $0 $0
YOWALKZ ROSARIO BOARD MEMBER 0.50
Director
$0 $0 $0
WILFREDO VARGAS BOARD MEMBER 0.50
Director
$0 $0 $0
LENETTE BERRIOS FINANCE DIRECTOR 0.50
Officer
$154,534 $17,573 $172,107
JUAN RAMOS EXECUTIVE DIRECTOR 0.50
Officer
$191,775 $17,573 $209,348
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 $5,985,423 $5,880,822 $14,438,228 $104,601
2022 $5,952,196 $4,577,955 $10,999,226 $1,374,241
2021 $5,443,874 $4,271,689 $8,648,352 $1,172,185
2020 $4,754,758 $4,671,319 $7,645,351 $83,439
2019 $4,817,659 $4,814,420 $6,670,543 $3,239
2018 $3,812,420 $3,863,710 $6,636,965 $-51,290
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