LOS SURES SIP HOUSING DEVELOPMENT FUND CORPORATION

EIN: 113104312 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$1,640,353
Total Expenses
$1,730,599
Total Assets
$6,577,324
Net Assets
$-4,526,125
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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
1991
Legal Domicile
NY
Principal Officer
JUAN RAMOS
Phone
7183873600
Tax Period
2023-01-01 to 2023-12-31

LOS SURES SIP HOUSING DEVELOPMENT FUND CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

OPERATED A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,640,347
Investment Income $6
Other Revenue $0
TOTAL REVENUE $1,640,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,607,767
Other Expenses $1,730,599
TOTAL EXPENSES $1,730,599

Year-over-Year Comparison

2023 2022 Change
Revenue $1,640,353 $1,791,277 -0.1%
Expenses $1,730,599 $1,980,522 -0.1%
Net Income $-90,246 $-189,245 -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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
6
$381,455
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNETTE ROSADO BOARD MEMBER 0.50
Director
$0 $0 $0
CASSANDRA ACEVEDO SECRETARY 0.50
Officer Director
$0 $0 $0
DAMARIS REYES BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID LOPEZ CHAIRMAN 0.50
Officer Director
$0 $0 $0
GLADYS OGANDO BOARD MEMBER 0.50
Director
$0 $0 $0
ISRAEL ROSARIO TREASURER 0.50
Officer Director
$0 $0 $0
MAISHA MORALES BOARD MEMBER 0.50
Director
$0 $0 $0
MARIA OCASIO BOARD MEMBER 0.50
Director
$0 $0 $0
MARTIN NEEDLEMAN BOARD MEMBER 0.50
Director
$0 $0 $0
RAY NARVAEZ VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
RICARDO MOLINA BOARD MEMBER 0.50
Director
$0 $0 $0
WILFREDO VARGAS BOARD MEMBER 0.50
Director
$0 $0 $0
JOE PACHECO BOARD MEMBER 0.50
Director
$0 $0 $0
JIM O'SHEA BOARD MEMBER 0.50
Director
$0 $0 $0
YOWALKZ ROSARIO BOARD MEMBER 0.50
Director
$0 $0 $0
JUAN RAMOS EXECUTIVE DIRECTOR 0.50
Officer
$0 $17,573 $209,348
LENETTE BERRIOS FINANCE DIRECTOR 0.50
Officer
$0 $17,573 $172,107
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 $1,640,353 $1,730,599 $6,577,324 $-90,246
2022 $1,791,277 $1,980,522 $6,742,603 $-189,245
2021 $1,882,466 $2,024,835 $7,005,211 $-142,369
2020 $2,254,738 $1,850,437 $6,753,736 $404,301
2019 $1,636,894 $1,868,400 $6,354,559 $-231,506
2018 $1,532,381 $1,855,570 $6,574,523 $-323,189
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