HSC NO 2 HOUSING DEVELOPMENT FU CO INC (EIN 112688252) - 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

1983

Legal Domicile

Principal Officer

WILLIAM DAVIDSON

Phone

6312620101

Tax Period

2025-01-01 to 2025-12-31

Mission

SEEKING,ACQUIRING,RENOVATING AND FINANCING OF RENTAL HOUSING UNITS FOR LOW INCOME SENIOR CITIZENS AS DEFINED AND APPROVED UNDER HUD GUIDELINES IN ORDER TO QUALIFY FOR SECTION 8 ASSISTANCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2025	2024	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	$50	-1.0%
Net Income	N/A	$-50	N/A

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

$521,014

Total Directors

$521,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAVIDSON	PRESIDENT	1.00	Officer Director	$0	$0	$274,604
JUDY FARABAUGH	CONTROLLER	1.00	Highest	$0	$0	$238,127
JEFFREY HARTMAN	DIRECTOR	1.00	Officer Director	$0	$0	$128,655
JANICE DALESSIO	TREASURER	1.00	Officer Director	$0	$0	$58,878
JOHN ZANFINO	DIRECTOR	1.00	Officer Director	$0	$0	$58,877
JOHN FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT FRIGERIA III	DIRECTOR	1.00	Officer Director	$0	$0	$0
CARL MILLS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK TASSONE	DIRECTOR	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	No data	No data	$156	No data
2024	No data	No data	No data	No data
2023	No data	No data	$106	No data
2022	$3,278	$3,278	$3,384	No data
2021	$22,468	$439,697	$439,803	$-417,229
2020	$51,193	$720,542	$1,137,878	$-669,349
2019	$74,658	$618,925	$1,705,610	$-544,267
2018	$99,171	$654,973	$2,434,918	$-555,802

HSC NO 2 HOUSING DEVELOPMENT FU CO INC