HSC NO 4 HOUSING DEVELOPMENT FUND CO INC (EIN 113029451) - 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

1990

Legal Domicile

Principal Officer

WILLIAM DAVIDSON

Phone

6312620101

Tax Period

2023-08-01 to 2024-07-31

HSC NO 4 HOUSING DEVELOPMENT FUND CO INC, founded in 1990, is a small nonprofit that reported $586K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $649K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING FOR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $583,924

Investment Income $2,220

Other Revenue $0

TOTAL REVENUE $586,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,359

Fundraising Expenses $0

Program Expenses $504,118

Other Expenses $501,368

TOTAL EXPENSES $648,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$586,144	$525,426	+0.1%
Expenses	$648,727	$643,214	+0.0%
Net Income	$-62,583	$-117,788	-0.5%

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

$307,278

Total Directors

$635,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAVIDSON	PRESIDENT	1.00	Officer Director	$0	$0	$253,116
LAWRENCE CREGAN	DIRECTOR	1.00	Director	$0	$0	$156,266
JANICE DALESSIO	TREASURER	1.00	Officer Director	$0	$0	$54,162
JEFFREY HARTMAN	DIRECTOR	1.00	Director	$0	$0	$117,864
JOHN ZANFINO	DIRECTOR	1.00	Director	$0	$0	$54,162
VINCENT FRIGERIA III	DIRECTOR	1.00	Officer Director	$0	$0	$0
JUDY FARABAUGH	ACCOUNTANT	1.00	Highest	$4,800	$0	$222,074
FRANK TASSONE	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$586,144	$648,727	$2,531,073	$-62,583
2023	$525,426	$643,214	$2,594,345	$-117,788
2022	$468,712	$694,182	$2,742,925	$-225,470
2021	$459,646	$668,734	$2,948,793	$-209,088
2020	$453,102	$628,907	$3,161,294	$-175,805
2019	$1,102,775	$577,267	$3,455,211	$525,508

HSC NO 4 HOUSING DEVELOPMENT FUND CO INC