BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORP, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $604K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $843K exceeded revenue, resulting in a 40% operating deficit.
THE CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATING, AND LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING AND OPERATING HOUSING CORPORATIONS FOR PERSONS OF LOW INCOME AND NEEDY.
THE CORPORATION HAS 53 SINGLE ROOM OCCUPANCY (SRO) UNITS AND PARTICIPATES IN THE SRO PROGRAM AS AUTHORIZED BY SECTION 441 OF THE MCKINNEY-VENTO HOMELESS ASSISTANCE ACT. ASSISTANCE PROVIDED UNDER THE...
THE CORPORATION HAS 53 SINGLE ROOM OCCUPANCY (SRO) UNITS AND PARTICIPATES IN THE SRO PROGRAM AS AUTHORIZED BY SECTION 441 OF THE MCKINNEY-VENTO HOMELESS ASSISTANCE ACT. ASSISTANCE PROVIDED UNDER THE SRO PROGRAM IS DESIGNED TO BRING MORE STANDARD SRO UNITS INTO THE LOCAL HOUSING SUPPLY AND TO USE THOSE UNITS TO ASSIST HOMELESS PERSONS. UNDER THE PROGRAM, THE CORPORATION REHABILITATED IN 1994, THEN CONTINUOUSLY MAINTAINS ITS 53-UNIT COMPLEX AND MAKES THESE UNITS AVAILABLE FOR HOMELESS AND NEEDY INDIVIDUALS. THE TENANTS ARE ELIGIBLE TO RECEIVE SECTION 8 RENTAL ASSISTANCE PAYMENTS. ELIGIBILITY IS DETERMINED BY THE NYC DEPARTMENT OF HOMELESS SERVICES; AND RENTAL ASSISTANCE PAYMENTS ARE MADE ON BEHALF OF HOMELESS INDIVIDUALS WHO RENT THE REHABILITATED DWELLINGS.
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%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $603,931 | $546,019 | +0.1% |
| Expenses | $842,984 | $753,093 | +0.1% |
| Net Income | $-239,053 | $-207,074 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| VAL HENRY | EXECUTIVE DI | 1.00 |
Officer
|
$0 | $7,170 | $190,738 |
| CHARLES THOMAS | CHAIRMAN | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| ALECIA D MASON | VICE CHAIRMA | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| CORY SARGEANT | TREASURER PR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| C ALLYSON FRANKLIN ESQ | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| MILDRED SMITH | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| STEVE CROMITY | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| VICTORIA POWE-BITTLE | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| SONIA CLARKE | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| MICHAEL BAILEY ESQ | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| VON JOSEPH | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| KENNETH LAIDLOW | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| KENNETH L PYLE SR | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $603,931 | $842,984 | $212,955 | $-239,053 |
| 2022 | $546,019 | $753,093 | $223,580 | $-207,074 |
| 2021 | $609,056 | $860,468 | $310,469 | $-251,412 |
| 2020 | $738,797 | $788,009 | $392,376 | $-49,212 |
| 2019 | $708,075 | $836,499 | $424,677 | $-128,424 |
| 2018 | $691,437 | $824,809 | $492,807 | $-133,372 |
Compare CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORP with other nonprofits in New York and across the country.