BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND INC

EIN: 113324040 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$1,489,009
Total Expenses
$1,721,292
Total Assets
$2,430,943
Net Assets
$-6,794,226
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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
MICHELLE FIGUEROA
Phone
7182405200
Tax Period
2023-01-01 to 2023-12-31

BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE BROOKDALE RESIDENCE HOUSING DEVELOPMENT FUND CORPORATION OWNS AND OPERATES A RESIDENTIAL BUILDING IN BROOKLYN, NEW YORK AND PROVIDES HOUSING EXCLUSIVELY FOR ELDERLY AND DISABLED PERSONS OF LOW INCOME.

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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 $1,480,359
Investment Income $8,650
Other Revenue $0
TOTAL REVENUE $1,489,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $447,069
Fundraising Expenses $0
Program Expenses $1,582,742
Other Expenses $1,274,223
TOTAL EXPENSES $1,721,292

Year-over-Year Comparison

2023 2022 Change
Revenue $1,489,009 $1,357,556 +0.1%
Expenses $1,721,292 $1,525,142 +0.1%
Net Income $-232,283 $-167,586 +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

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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
6
$2,885,382
Total Directors
6
$2,885,382
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERARD CONNOLLY CHAIRMAN 0.05
Officer Director
$0 $48,480 $375,956
REGINALD BULLOCK JR SECRETARY 0.05
Officer Director
$0 $45,430 $473,333
JOHN SCHMITT TREASURER 0.05
Officer Director
$0 $38,212 $744,211
PAUL ROSENFELD PRESIDENT 0.05
Officer Director
$0 $38,212 $678,343
MICHELLE FIGUEROA TREASURER 0.05
Officer Director
$0 $566 $300,788
TAMMY CARLISLE VICE-PRESIDENT 0.05
Officer Director
$0 $10,500 $312,751
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 $1,489,009 $1,721,292 $2,430,943 $-232,283
2022 $1,357,556 $1,525,142 $2,618,477 $-167,586
2021 $1,291,204 $1,467,810 $2,693,453 $-176,606
2020 $1,278,784 $1,448,854 $2,830,770 $-170,070
2019 $1,245,346 $1,435,289 $2,834,826 $-189,943
2018 $1,207,210 $1,421,842 $3,026,068 $-214,632
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