HOUSING AND FAMILY SERVICES OF GREATER NEW YORK INC (EIN 112412584) - 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

1977

Principal Officer

CAROLE COONEY

Phone

7184357585

Tax Period

2023-01-01 to 2023-12-31

HOUSING AND FAMILY SERVICES OF GREATER NEW YORK INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 7% surplus.

Mission

THE PROVISION OF FAIR HOUSING SERVICES TO LOW-INCOME, SENIOR, MINORITY AND IMMIGRANT POPULATIONS OF NEW YORK; THE PROVISION OF FORECLOSURE PREVENTION SERVICES AND EVICTION PREVENTION SERVICES TO THE SAME POPULATIONS, AND; THE PRESERVATION OF AFFORDABLE HOUSING THROUGH ORGANIZATION AND INTERVENTION.

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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 $1,652,690

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,652,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,345,597

Fundraising Expenses $0

Program Expenses $1,444,234

Other Expenses $187,418

TOTAL EXPENSES $1,533,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,652,690	$1,408,003	+0.2%
Expenses	$1,533,015	$1,199,777	+0.3%
Net Income	$119,675	$208,226	-0.4%

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

Volunteers

400

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

$240,838

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE COONEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALAN DUBROW	TREASURER	2.00	Officer Director	$0	$0	$0
TELSIDA DELA CRUZ	MEMBER	1.00	Director	$0	$0	$0
GAYLE FINLEY	MEMBER	1.00	Director	$0	$0	$0
WALTER MCQUEEN	MEMBER	1.00	Director	$0	$0	$0
GARRETTE NESMITH	MEMBER	1.00	Director	$0	$0	$0
ROBIN PATRICK	MEMBER	1.00	Director	$0	$0	$0
DAPHNE PINNOCK	MEMBER	1.00	Director	$0	$0	$0
MARIE ROMANO	MEMBER	1.00	Director	$0	$0	$0
NONA SIMMONS	MEMBER	1.00	Director	$0	$0	$0
LARRY JAYSON	EXECUTIVE DI	60.00	Officer	$120,015	$0	$120,015
CAROL BIRK	DIRECTOR OF	60.00	Officer	$120,823	$0	$120,823

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	$1,652,690	$1,533,015	$1,092,033	$119,675
2022	$1,408,003	$1,199,777	$451,711	$208,226
2021	$1,034,985	$980,097	$499,198	$54,888
2020	$905,857	$893,400	$231,285	$12,457

HOUSING AND FAMILY SERVICES OF GREATER NEW YORK INC