RAYMOND BALLARD APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION

EIN: 113182244 501(c)(3) Community Improvement

BROOKLYN, NY

Total Revenue
$472,324
Total Expenses
$1,559,649
Total Assets
$613,773
Net Assets
$-4,321,356
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
JEFFREY DUNSTON
Phone
7184539490
Tax Period
2023-01-01 to 2023-12-31

RAYMOND BALLARD APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $472K in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 230% operating deficit.

Mission

THE CORPORATION IS COMMITTED TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES IN THE CENTRAL SECTIONS OF BROOKLYN, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $1,510,399 Revenue: $470,708

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING CONSISTING OF 45 UNITS OF FAMILIES OF LOW INCOME 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $470,708
Investment Income $1,616
Other Revenue $0
TOTAL REVENUE $472,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,510,399
Other Expenses $1,559,649
TOTAL EXPENSES $1,559,649

Year-over-Year Comparison

2023 2022 Change
Revenue $472,324 $469,585 +0.0%
Expenses $1,559,649 $939,895 +0.7%
Net Income $-1,087,325 $-470,310 +1.3%
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
3
Independent Members
3
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
1
$298,920
Total Directors
3
$298,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DUNSTON CEO 0.33
Officer Director
$0 $0 $298,920
JAMES HENRY CHAIR 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 $472,324 $1,559,649 $613,773 $-1,087,325
2022 $469,585 $939,895 $680,327 $-470,310
2021 $586,995 $748,900 $719,272 $-161,905
2020 $467,022 $862,942 $750,320 $-395,920
2019 $429,182 $1,050,652 $821,505 $-621,470
2018 $575,269 $648,915 $1,019,591 $-73,646
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