WEBSTER TERRACE HOUSING DEVELOPMENT FUND COINC (EIN 112650864) - 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

1985

Legal Domicile

Principal Officer

DAVID SINGER

Phone

7184351300

Tax Period

2023-07-01 to 2024-06-30

WEBSTER TERRACE HOUSING DEVELOPMENT FUND COINC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $236K in total revenue in fiscal year 2023. Expenses of $286K exceeded revenue, resulting in a 21% operating deficit.

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 $235,834

Other Revenue $0

TOTAL REVENUE $235,834

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,649

Other Expenses $160,989

TOTAL EXPENSES $285,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,834	$226,363	+0.0%
Expenses	$285,989	$1,624,047	-0.8%
Net Income	$-50,155	$-1,397,684	-1.0%

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	V.P./SECY	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	$235,834	$285,989	$5,505,000	$-50,155
2023	$226,363	$1,624,047	$5,430,155	$-1,397,684
2022	$216,980	$162,753	$6,882,838	$54,227
2021	$210,054	$151,690	$6,798,611	$58,364
2020	$210,622	$172,554	$6,723,247	$38,068
2019	$213,513	$46,387	$6,578,925	$167,126
2018	$201,641	$42,443	$6,411,799	$159,198

WEBSTER TERRACE HOUSING DEVELOPMENT FUND COINC