EAST RIVER NORTH HDFC INC

EIN: 113342182 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,357,468
Total Expenses
$1,488,756
Total Assets
$1,755,387
Net Assets
$1,652,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
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.

Program Service Accomplishments

Program 1
Expenses: $1,446,938 Revenue: $1,357,467

ACTIVITIES RELATED TO 98 LOW INCOME HOUSING UNITS SUPPORTED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER THE SECTION 8 AND THE SECTION 8 CONVERSION 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%)

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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

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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
8
Independent Members
7
Employees
4
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
5
$135,300
Total Directors
8
$135,300
Key Employees
0
$0
Highest Compensated
0
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
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