ALBERTA WOODS HOUSING DEVELOPMENT FUND CORPORATION (EIN 113120846) - 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

1992

Legal Domicile

Principal Officer

JEFFREY DUNSTON CO NEBHD

Phone

7184539490

Tax Period

2023-01-01 to 2023-12-31

ALBERTA WOODS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $407K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $394K left a modest 3% surplus.

Mission

TO PROVIDE AND MANAGE AFFORDABLE HOUSING UNITS FOR LOW INCOME FAMILIES IN THE CENTRAL SECTIONS OF BROOKLYN, NEW YORK

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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 $371,100

Investment Income $3,373

Other Revenue $32,864

TOTAL REVENUE $407,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $358,409

Other Expenses $394,281

TOTAL EXPENSES $394,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,337	$317,488	+0.3%
Expenses	$394,281	$483,490	-0.2%
Net Income	$13,056	$-166,002	-1.1%

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

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

$298,920

Total Directors

$298,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY DUNSTON	CEO	0.33	Officer Director	$0	$0	$298,920
JAMES HENRY	CHAIRPERSON	0.33	Director	$0	$0	$0
ELLIOTT ROBINSON JR	TREASURER	0.33	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
2023	$407,337	$394,281	$563,201	$13,056
2022	$317,488	$483,490	$598,727	$-166,002
2021	$343,523	$368,871	$676,451	$-25,348
2020	$307,057	$369,810	$603,623	$-62,753
2019	$282,251	$371,867	$641,567	$-89,616
2018	$284,362	$316,866	$544,789	$-32,504

ALBERTA WOODS HOUSING DEVELOPMENT FUND CORPORATION