HOUSING WORKS EAST NEW YORK HOUSING DEVELOPMENT FUND CORP INC (EIN 113264348) - 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

CHARLES KING

Phone

3474737400

Tax Period

2023-07-01 to 2024-06-30

HOUSING WORKS EAST NEW YORK HOUSING DEVELOPMENT FUND CORP INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $455K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $96K, a strong 21% operating margin.

Mission

PROVIDES PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS.

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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 $10,000

Program Service Revenue $444,830

Investment Income $0

Other Revenue $0

TOTAL REVENUE $454,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,981

Other Expenses $359,081

TOTAL EXPENSES $359,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,830	$417,473	+0.1%
Expenses	$359,081	$302,643	+0.2%
Net Income	$95,749	$114,830	-0.2%

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

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

$1,031,394

Total Directors

$757,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW COAMEY	SECRETARY	1.00	Officer Director	$0	$35,201	$283,789
CHARLES KING	VICE CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$20,958	$473,511
EARL WARD	CHAIR	1.00	Officer Director	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$7,199	$274,094

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
2025	No data	No data	No data	No data
2024	$454,830	$359,081	$2,610,475	$95,749
2023	$417,473	$302,643	$2,697,100	$114,830
2022	$389,061	$271,569	$2,937,899	$117,492
2021	$381,370	$333,203	$3,100,584	$48,167
2020	$353,634	$269,648	$1,800,667	$83,986
2019	$307,185	$282,163	$2,000,619	$25,022
2018	$274,009	$190,611	$1,728,626	$83,398

HOUSING WORKS EAST NEW YORK HOUSING DEVELOPMENT FUND CORP INC