BENSONHURST HOUSING FOR THE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 112947221 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$221,674
Total Expenses
$2,595
Total Assets
$5,045,427
Net Assets
$5,037,932
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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
NY
Principal Officer
ELI FELDMAN
Phone
7184917261
Tax Period
2020-01-01 to 2020-12-31

BENSONHURST HOUSING FOR THE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $222K in total revenue in fiscal year 2020. The organization ran a surplus of $219K, a strong 99% operating margin.

Mission

TO PROVIDE SENIOR HOUSING TO THE ELDERLY.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $221,674
Investment Income $0
Other Revenue $0
TOTAL REVENUE $221,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,595
TOTAL EXPENSES $2,595

Year-over-Year Comparison

2020 2019 Change
Revenue $221,674 $210,915 +0.1%
Expenses $2,595 $2,525 +0.0%
Net Income $219,079 $208,390 +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

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Governance

Voting Members
7
Independent Members
7
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX BUDNITSKY DIRECTOR 0.50
Director
$0 $0 $0
ALEXANDER BALKO DIRECTOR 0.50
Director
$0 $0 $0
ELI S FELDMAN CHAIRPERSON 0.50
Officer Director
$0 $0 $0
JEFFREY DAVIS DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN GOLD VICE CHAIRPERSON 0.50
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
2020 $221,674 $2,595 $5,045,427 $219,079
2019 $210,915 $2,525 $4,823,753 $208,390
2018 $201,318 $2,375 $4,680,651 $198,943
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