HARBOR HILL HOUSING DEVELOPMENT FUND COR C/O SHORE HILL HOUSING COMPANY INC (EIN 113152691) - 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

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.

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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 (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

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

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

$15,395,356

Total Directors

$17,497,610

Key Employees

Highest Compensated

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

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