358-74 VERNON AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 113257656) - 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

1995

Legal Domicile

Principal Officer

ELLIOTT ROBINSON JR

Phone

2126655500

Tax Period

2023-01-01 to 2023-12-31

358-74 VERNON AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $664K in total revenue in fiscal year 2023. Expenses of $944K exceeded revenue, resulting in a 42% operating deficit.

Mission

358-74 VERNON AVENUE HOUSING DEVELOPMENT FUND CORPORATION (THE ORGANIZATION) PROVIDES SUPPORTIVE HOUSING FOR THE VERY LOW-INCOME PERSONS AGE 62 AND OLDER OR HANDICAPPED PERSONS.

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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 $663,766

Investment Income $40

Other Revenue $0

TOTAL REVENUE $663,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,013

Fundraising Expenses $0

Program Expenses $714,550

Other Expenses $771,506

TOTAL EXPENSES $943,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$663,806	$655,537	+0.0%
Expenses	$943,519	$865,820	+0.1%
Net Income	$-279,713	$-210,283	+0.3%

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

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

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIOTT ROBINSON JR	CHAIRMAN	4.00	Officer Director	$0	$0	$0
JAMES HENRY	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
MELVIN POPE SR	BOARD MEMBER	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$663,806	$943,519	$2,638,593	$-279,713
2022	$655,537	$865,820	$2,775,673	$-210,283
2021	$681,117	$896,000	$2,903,911	$-214,883
2020	$682,872	$895,325	$3,010,852	$-212,453
2019	$725,356	$1,039,767	$3,141,608	$-314,411
2018	$760,541	$988,643	$3,313,126	$-228,102

358-74 VERNON AVENUE HOUSING DEVELOPMENT FUND CORPORATION