BHAP HOUSING DEVELOPMENT FUND CO INC CO SHINDA MANAGEMENT CORP (EIN 112591013) - 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

1997

Legal Domicile

Principal Officer

RUSSELL BRAMWELL

Phone

7187561937

Tax Period

2024-10-01 to 2025-09-30

BHAP HOUSING DEVELOPMENT FUND CO INC CO SHINDA MANAGEMENT CORP, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To provide low-income housing for the elderly and the 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 $1,940,492

Investment Income $10,189

Other Revenue $0

TOTAL REVENUE $1,950,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,815

Fundraising Expenses $0

Program Expenses $1,994,294

Other Expenses $1,673,479

TOTAL EXPENSES $1,994,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,950,681	$1,751,038	+0.1%
Expenses	$1,994,294	$1,850,888	+0.1%
Net Income	$-43,613	$-99,850	-0.6%

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
Marilyn Findlay	President	002.00	Director	$0	$0	$0
Laverne Cox	Vice President	001.00	Director	$0	$0	$0
Yvonne Decrumpe	Recording Secretary	001.00	Director	$0	$0	$0
Mildred C Newsum	Corresponding and Financial Secretary	001.00	Director	$0	$0	$0
Shelia Mcintosh	Member	001.00	Director	$0	$0	$0
Donald Mcintosh	Member	001.00	Director	$0	$0	$0
Valerie Nero-Reid	Member	001.00	Director	$0	$0	$0
William Suggs	Member	001.00	Director	$0	$0	$0
Shirley Bush	Member	001.00	Director	$0	$0	$0
Estelle Sealy	President Emeritus	N/A	Director	$0	$0	$0
Elaine Thompson	President Emeritus	N/A	Director	$0	$0	$0
Gloria Lee	President Emeritus	N/A	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	$1,950,681	$1,994,294	$2,883,288	$-43,613
2024	$1,751,038	$1,850,888	$3,350,241	$-99,850
2023	$1,824,561	$1,752,263	$3,526,726	$72,298
2022	$1,614,542	$1,838,035	$3,592,702	$-223,493
2021	$1,552,409	$1,728,164	$3,970,430	$-175,755
2020	$1,671,305	$1,777,392	$4,082,393	$-106,087
2019	$1,687,632	$1,665,405	$4,185,789	$22,227
2018	$1,687,453	$1,817,983	$4,240,667	$-130,530

BHAP HOUSING DEVELOPMENT FUND CO INC CO SHINDA MANAGEMENT CORP