ISLIP'S HOUSING DEVELOPMENT FUND C… - Form 990 Financial Data

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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

RENEE C SUMPTER

Phone

6316651185

Tax Period

2024-07-01 to 2025-06-30

ISLIP'S HOUSING DEVELOPMENT FUND COMPANY, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $975K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $237K, a strong 24% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION, AS A HOUSING DEVELOPMENT FUND COMPANY, IS THE DEVELOPMENT OF ADDITIONAL AFFORDABLE HOUSING IN THE TOWN OF ISLIP.

Program Service Accomplishments

Program 1

Expenses: $397,275 Revenue: $779,843

RENTAL UNIT MANAGEMENT - THE ORGANIZATION CONSTRUCTED AND OWNS AFFORDABLE HOUSING RENTAL UNITS THAT ARE OPERATED, MANAGED AND MAINTAINED BY A QUALITY MANAGEMENT AGENCY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $161,057

Program Service Revenue $778,493

Investment Income $34,284

Other Revenue $1,350

TOTAL REVENUE $975,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $397,275

Other Expenses $737,773

TOTAL EXPENSES $737,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,184	$1,054,273	-0.1%
Expenses	$737,773	$667,987	+0.1%
Net Income	$237,411	$386,286	-0.4%

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

N/A

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

$403,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA S O'CONNER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NANCY MANFREDONIA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH A DEVINCENT	DIRECTOR	1.00	Director	$0	$0	$0
RONALD F DEVINE JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C COCHRANE JR	DIRECTOR	1.00	Director	$0	$0	$0
JULIA E MACGIBBON	PRESIDENT	3.00	Officer	$0	$57,920	$232,975
RENEE SUMPTER	SECRETARY AND CFO	3.00	Officer	$0	$15,414	$170,083

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	$975,184	$737,773	$4,382,754	$237,411
2024	$1,054,273	$667,987	$4,340,651	$386,286
2023	$1,691,137	$1,247,370	$4,955,917	$443,767
2022	$1,430,693	$1,135,138	$4,509,925	$295,555
2021	$1,369,432	$1,089,010	$4,077,606	$280,422
2020	$1,637,361	$1,393,582	$3,759,795	$243,779
2019	$1,006,903	$935,887	$3,528,870	$71,016
2018	$997,273	$830,800	$3,383,738	$166,473

ISLIP'S HOUSING DEVELOPMENT FUND COMPANY