HARBOR HILL HOUSING DEVELOPMENT FUND COR C/O SHORE HILL HOUSING COMPANY INC

EIN: 113152691 501(c)(3)

NEW YORK, NY

Total Revenue
$761,424
Total Expenses
$1,240,754
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
VICKI MATCH SUNA
Phone
7186308201
Tax Period
2019-01-01 to 2019-12-31

HARBOR HILL HOUSING DEVELOPMENT FUND COR C/O SHORE HILL HOUSING COMPANY INC, founded in 1992, is a small nonprofit that reported $761K in total revenue in fiscal year 2019. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 63% operating deficit.

Mission

HARBOR HILL OWNED AND OPERATED AN 87 UNIT APARTMENT COMPLEX IN BROOKLYN NY THAT SERVED THE FRAIL AND ELDERLY. ON NOVEMBER 25, 2019, THE PROPERTY WAS SOLD IN A HUD APPROVED SALE IN ORDER TO FACILITATE THE CONTINUED COMMITMENT TO AFFORDABLE HOUSING BY A NEW OWNER.

Program Service Accomplishments

Program 1
Expenses: $1,034,562 Revenue: $758,888

HARBOR HILL OWNED AND OPERATED AN 87 UNIT APARTMENT COMPLEX IN BROOKLYN NY THAT SERVED THE FRAIL AND ELDERLY. ON NOVEMBER 25, 2019, THE PROPERTY WAS SOLD IN A HUD APPROVED SALE IN ORDER TO FACILITATE...

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HARBOR HILL OWNED AND OPERATED AN 87 UNIT APARTMENT COMPLEX IN BROOKLYN NY THAT SERVED THE FRAIL AND ELDERLY. ON NOVEMBER 25, 2019, THE PROPERTY WAS SOLD IN A HUD APPROVED SALE IN ORDER TO FACILITATE THE CONTINUED COMMITMENT TO AFFORDABLE HOUSING BY A NEW OWNER.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,322,069
Investment Income $-560,645
Other Revenue $0
TOTAL REVENUE $761,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $370,976
Fundraising Expenses $0
Program Expenses $1,034,562
Other Expenses $869,778
TOTAL EXPENSES $1,240,754

Year-over-Year Comparison

2019 2018 Change
Revenue $761,424 $1,316,199 -0.4%
Expenses $1,240,754 $1,247,029 0.0%
Net Income $-479,330 $69,170 -7.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
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
4
$15,395,356
Total Directors
7
$17,497,610
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICKI MATCH SUNA AIA PRESIDENT 1.00
Officer Director
$0 $823,648 $4,091,351
DANIEL WIDAWSKY TREASURER 1.00
Officer Director
$0 $1,324,367 $7,090,190
JEANNE LEE TRUSTEE 1.00
Director
$0 $30,614 $603,068
JOSEPH LHOTA VICE PRESIDENT 1.00
Officer Director
$0 $640,434 $3,671,131
BRET RUDY MD TRUSTEE 1.00
Director
$0 $115,112 $1,566,885
DEBRA MCCARTHY TRUSTEE 1.00
Director
$0 $29,720 $474,985
LARRY MCREYNOLDS TRUSTEE 1.00
Director
$0 $0 $0
BEAU EVERETT SECRETARY 1.00
Officer
$0 $28,224 $542,684
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
2019 $761,424 $1,240,754 No data $-479,330
2018 $1,316,199 $1,247,029 $2,091,386 $69,170
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