CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORP (EIN 113018126) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

VAL HENRY

Phone

7184937400

Tax Period

2023-01-01 to 2023-12-31

CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORP is a 501(c)(3) with EIN 113018126, based in BROOKLYN, NY. Founded in 1990, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $603,931 in total revenue and $842,984 in total expenses, with net assets of $-2,574,219.

Mission

CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORPORATION (THE "CORPORATION") PROVIDES SINGLE ROOM DWELLING UNITS FOR HOMELESS, LOW INCOME AND NEEDY INDIVIDUALS. THROUGH ITS RESIDENCE FOR ADULTS HOUSING COMPLEX WHICH CONSISTS OF FIFTY-THREE (53) SINGLE ROOM OCCUPANCY UNITS, HOMELESS AND LOW-INCOME INDIVIDUALS ARE PROVIDED WITH WELL-MAINTAINED AND AFFORDABLE DWELLINGS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,497

Program Service Revenue $450,539

Investment Income $0

Other Revenue $1,895

TOTAL REVENUE $603,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,064

Fundraising Expenses $0

Program Expenses $609,739

Other Expenses $479,920

TOTAL EXPENSES $842,984

Year-over-Year Comparison

	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%

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

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

$190,738

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

CROWN HEIGHTS RESIDENCE FOR ADULTS HOUSING DEVELOPMENT FUND CORP