WEST END GARDENS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 112576019) - 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

1981

Legal Domicile

Principal Officer

DAVID SINGER

Phone

7184351300

Tax Period

2023-07-01 to 2024-06-30

WEST END GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $139K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $72K, a strong 52% operating margin.

Mission

PROVIDE HOUSING FOR LOW INCOME SENIOR CITIZENS.

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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 $0

Program Service Revenue $0

Investment Income $139,140

Other Revenue $0

TOTAL REVENUE $139,140

Expense Breakdown

Grants Paid $62,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,500

Other Expenses $4,582

TOTAL EXPENSES $67,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,140	$164,681	-0.2%
Expenses	$67,082	$270,370	-0.8%
Net Income	$72,058	$-105,689	-1.7%

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
DAVID SINGER	PRESIDENT	0.50	Director	$0	$0	$0
MENACHEM SHAYOVICH	SECY/TREAS	0.50	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
2025	No data	No data	No data	No data
2024	$139,140	$67,082	$3,623,950	$72,058
2023	$164,681	$270,370	$3,501,893	$-105,689
2022	$136,734	$27,630	$3,647,582	$109,104
2021	$134,248	$20,080	$3,518,478	$114,168
2020	$133,559	$53,855	$3,404,310	$79,704
2019	$132,199	$14,185	$3,304,606	$118,014
2018	$126,734	$84,285	$3,186,592	$42,449

WEST END GARDENS HOUSING DEVELOPMENT FUND COMPANY INC