NORTHEAST BROOKLYN HOUSING DEVELOP (EIN 112737223) - 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

JEFFREY DUNSTON

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST BROOKLYN HOUSING DEVELOP, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

The Organization is commited to the preservation, development, and management of affordable housing and home ownership opportunities:community and economic development initiative and human services to effect social change in central Brooklyn.

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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 $19,097

Program Service Revenue $2,016,036

Investment Income $164,947

Other Revenue $508,710

TOTAL REVENUE $2,708,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,023,455

Fundraising Expenses $0

Program Expenses $2,691,885

Other Expenses $1,392,870

TOTAL EXPENSES $3,416,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,708,790	$2,359,375	+0.1%
Expenses	$3,416,325	$2,986,648	+0.1%
Net Income	$-707,535	$-627,273	+0.1%

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

$471,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY DUNSTON	CHIEF EXECUTIVE OFFICER	20.00	Officer	$296,774	$0	$296,774
NATHANIEL MONTGOMERY	CHIEF OPERATING OFFICER	20.00	Officer	$175,000	$0	$175,000
EDNA JOHNSON	CHAIRPERSON	2.00	Director	$0	$0	$0
JAMES HENRY	SECRETARY	2.00	Director	$0	$0	$0
TIECHA MERITT	MEMBER	2.00	Director	$0	$0	$0
SHIRLEY JACKSON	MEMBER	2.00	Director	$0	$0	$0
DOUGLAS GILES	MEMBER	2.00	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
2024	$2,708,790	$3,416,325	$8,199,229	$-707,535
2023	$2,359,375	$2,986,648	$8,792,414	$-627,273
2022	$3,752,725	$2,670,918	$9,545,860	$1,081,807
2022	$3,797,923	$2,705,836	$8,598,007	$1,092,087
2021	$2,345,041	$2,312,579	$7,954,782	$32,462
2021	$2,235,884	$2,549,863	$7,810,628	$-313,979
2021	$2,235,884	$2,549,863	$7,810,628	$-313,979
2020	$2,609,628	$2,636,685	$7,471,938	$-27,057
2020	$3,438,631	$2,646,157	$7,692,505	$792,474
2019	$3,571,867	$3,283,028	$5,756,723	$288,839
2019	$4,847,171	$3,271,444	$6,685,000	$1,575,727
2019	$4,847,171	$3,271,444	$6,685,000	$1,575,727
2018	$3,420,834	$3,396,753	$5,525,764	$24,081
2018	$3,439,721	$3,358,105	$5,587,914	$81,616
2018	$3,439,721	$3,358,105	$5,587,914	$81,616
2017	$4,238,069	$3,922,863	$5,133,344	$315,206

NORTHEAST BROOKLYN HOUSING DEVELOP