QUEENS B'NAI B'RITH HOUSING DEVELOPMENT FUND COMPANY INC (EIN 112577741) - 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

1980

Legal Domicile

Principal Officer

DAVID WANETIK

Phone

7183581166

Tax Period

2024-07-01 to 2025-06-30

QUEENS B'NAI B'RITH HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE AGED AND HANDICAPPED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,226,587

Investment Income $201,002

Other Revenue $14,726

TOTAL REVENUE $4,442,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $894,672

Fundraising Expenses $0

Program Expenses $4,332,340

Other Expenses $4,154,554

TOTAL EXPENSES $5,049,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,442,315	$3,795,506	+0.2%
Expenses	$5,049,226	$3,823,334	+0.3%
Net Income	$-606,911	$-27,828	+20.8%

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

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
STEVEN LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WANETIK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL JACOBY	BOARD MEMBER	1.00	Director	$0	$0	$0
NINA LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE MARGULES	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS BEATUS-JACOBY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG PORGES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN GRANT	SECRETARY	1.00	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
2025	$4,442,315	$5,049,226	$12,891,147	$-606,911
2024	$3,795,506	$3,823,334	$4,416,456	$-27,828
2023	$3,662,030	$3,662,714	$4,816,649	$-684
2022	$3,610,042	$3,677,853	$5,262,037	$-67,811
2021	$3,511,284	$3,657,845	$5,803,941	$-146,561
2020	$3,462,124	$3,538,682	$6,518,669	$-76,558
2019	$3,398,623	$3,677,241	$7,206,664	$-278,618

QUEENS B'NAI B'RITH HOUSING DEVELOPMENT FUND COMPANY INC