NORTHEAST BROOKLYN HOUSING DEVELOP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $2,018,914 Revenue: $1,777,366

ASSET MANAGEMENT Asset management is focused on maximizing the value of every building in its expanding real estate portfolio. The Asset Management team works closely with its property management...

ASSET MANAGEMENT Asset management is focused on maximizing the value of every building in its expanding real estate portfolio. The Asset Management team works closely with its property management team to ensure that all buildings are operating efficiency and realizing their full potential as affordable and sustainable assets.

Program 2

Expenses: $565,296 Revenue: $610,208

REAL ESTATE DEVELOPMENT Develope and management real estate assets to contribute to the communitys resurgence. Preserve and create high quality affordable housing for low, moderate and middle income...

Program 3

Expenses: $107,675 Revenue: $156,266

SOCIAL SERVICE Provide an environment of opportunity and connection to resources for tenant and community residents. Support tenant ability to meet the responsibilities and enjoy the rights of...

SOCIAL SERVICE Provide an environment of opportunity and connection to resources for tenant and community residents. Support tenant ability to meet the responsibilities and enjoy the rights of tenancy. Support economic stability, education and healthy living for the community through collaborations with partner agencies.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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