CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION (EIN 113294777) - 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

1996

Legal Domicile

Principal Officer

MICHELLE NEUGEBAUER

Phone

7186472800

Tax Period

2023-01-01 to 2023-12-31

CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $411K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $498K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME IN 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $405,661

Investment Income $5,047

Other Revenue $180

TOTAL REVENUE $410,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $486,164

Other Expenses $497,510

TOTAL EXPENSES $497,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,888	$370,649	+0.1%
Expenses	$497,510	$511,144	0.0%
Net Income	$-86,622	$-140,495	-0.4%

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

$365,411

Total Directors

$210,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE N NEUGEBAUER	EXECUTIVER DIRECTOR	0.50	Officer Director	$0	$25,762	$210,191
SYLVIA STOVALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
AIDAN LANIGAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIRIAN RODRIQUEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
HAROLD GREEN	TREASURER	1.00	Officer Director	$0	$0	$0
NICK RUSSO	MEMBER	0.50	Director	$0	$0	$0
RD GENTZLER	MEMBER	0.50	Director	$0	$0	$0
MELODYE HARVEY	MEMBER	0.50	Director	$0	$0	$0
GAUDI POLANCO-MENDOZA	CFO	0.50	Officer	$0	$6,786	$155,220

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	$410,888	$497,510	$1,680,460	$-86,622
2022	$370,649	$511,144	$1,734,313	$-140,495
2021	$375,623	$513,374	$1,822,949	$-137,751
2020	$368,130	$440,030	$1,987,297	$-71,900
2019	$396,180	$462,025	$2,078,166	$-65,845
2018	$373,936	$455,911	$2,113,061	$-81,975

CYPRESS WEST HOUSING DEVELOPMENT FUND CORPORATION