EAST RIVER NORTH HDFC INC (EIN 113342182) - 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

1970

Legal Domicile

Principal Officer

CELIA RAMIREZ

Phone

2124278716

Tax Period

2024-01-01 to 2024-12-31

EAST RIVER NORTH HDFC INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION PROVIDES 98 SUBSIDIZED RESIDENTIAL HOUSING APARTMENT UNITS TO LOW INCOME FAMILIES UNDER FEDERAL HOUSING PROGRAMS.

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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 $1,357,467

Investment Income $0

Other Revenue $1

TOTAL REVENUE $1,357,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,905

Fundraising Expenses $0

Program Expenses $1,446,938

Other Expenses $1,230,851

TOTAL EXPENSES $1,488,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,357,468	$1,273,769	+0.1%
Expenses	$1,488,756	$1,389,276	+0.1%
Net Income	$-131,288	$-115,507	+0.1%

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

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

$135,300

Total Directors

$135,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELIA RAMIREZ	PRESIDENT	60.00	Officer Director	$135,300	$0	$135,300
JOHN MICHAEL SHARPS	Vice President	0.25	Officer Director	$0	$0	$0
ANGEL SANTOS	SECRETARY	6.00	Officer Director	$0	$0	$0
ELISA RAMIREZ SHARPS	Vice President	0.25	Officer Director	$0	$0	$0
TIMOTHY JAMES SHARPS	Vice President	0.25	Officer Director	$0	$0	$0
TANYA DE JESUS PEREZ	MEMBER	0.25	Director	$0	$0	$0
RAYMOND ANTHONY PEREZ	MEMBER	0.25	Director	$0	$0	$0
HILDEGARBER LOPEZ	Treasurer	0.25	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	$1,357,468	$1,488,756	$1,755,387	$-131,288
2023	$1,273,769	$1,389,276	$1,875,509	$-115,507
2022	$1,262,254	$1,057,575	$1,986,770	$204,679
2021	$1,218,882	$1,101,700	$1,778,973	$117,182
2020	$1,160,036	$1,070,972	$1,656,341	$89,064
2019	$1,185,237	$1,197,882	$1,580,194	$-12,645
2018	$1,229,542	$1,130,087	$1,690,198	$99,455

EAST RIVER NORTH HDFC INC