50TH STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 113270117) - 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

MICHELLE DE LA UZ

Phone

7182372017

Tax Period

2024-01-01 to 2024-12-31

50TH STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $484K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE TWO APARTMENT BUILDINGS AND PROVIDE SOCIAL SERVICES TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $483,695

Investment Income $3

Other Revenue $260

TOTAL REVENUE $483,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $384,943

Other Expenses $492,995

TOTAL EXPENSES $492,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$483,958	$474,550	+0.0%
Expenses	$492,995	$522,654	-0.1%
Net Income	$-9,037	$-48,104	-0.8%

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

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

$291,920

Total Directors

$291,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DE LA UZ	SECRETARY	0.50	Officer Director	$0	$13,130	$291,920
DANY CUNINGHAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA YEAGER	TREASURER	0.50	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	$483,958	$492,995	$9,626,182	$-9,037
2023	$474,550	$522,654	$6,352,055	$-48,104
2022	$468,853	$517,188	$3,597,894	$-48,335
2022	$468,853	$517,188	$3,597,894	$-48,335
2021	$503,826	$493,385	$2,673,313	$10,441
2020	$515,524	$494,592	$2,479,835	$20,932

50TH STREET HOUSING DEVELOPMENT FUND CORPORATION