BOROUGH PARK HOUSING CORPORATION (EIN 112526244) - 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

1979

Legal Domicile

Principal Officer

DAVID SINGER

Phone

7184351300

Tax Period

2023-08-01 to 2024-07-31

BOROUGH PARK HOUSING CORPORATION, founded in 1979, is a micro nonprofit in the Housing & Shelter sector that reported $49K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $342K exceeded revenue, resulting in a 604% operating deficit.

Mission

TO AID IN THE DEVELOPMENT, REHABILITATION AND PRESERVATION OF LOCAL HOUSING AND MAKE SUCH HOUSING AVAILABLE TO LOW AND MODERATE INCOME FAMILIES.

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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 $150,000

Program Service Revenue $0

Investment Income $-101,451

Other Revenue $0

TOTAL REVENUE $48,549

Expense Breakdown

Grants Paid $290,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,343

Other Expenses $51,963

TOTAL EXPENSES $341,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,549	$132,995	-0.6%
Expenses	$341,963	$383,557	-0.1%
Net Income	$-293,414	$-250,562	+0.2%

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
MENACHEM SHAYOVICH	SECY/TREASUR	3.00	Officer Director	$0	$0	$0
DAVID SINGER	PRESIDENT	3.00	Officer 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	$48,549	$341,963	$530,498	$-293,414
2023	$132,995	$383,557	$714,497	$-250,562
2022	$21,691	$274,340	$994,665	$-252,649
2021	$16,908	$228,835	$1,285,718	$-211,927
2020	$19,466	$192,294	$1,484,994	$-172,828
2019	$60,229	$332,955	$1,688,936	$-272,726
2018	$101,071	$384,153	$1,986,723	$-283,082

BOROUGH PARK HOUSING CORPORATION