AIKENS APARTMENTS HDFC

EIN: 113382079 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$291,614
Total Expenses
$375,496
Total Assets
$250,719
Net Assets
$-4,293,161
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
JEFFREY DUNSTON CO NEBHD
Phone
7184539490
Tax Period
2023-01-01 to 2023-12-31

AIKENS APARTMENTS HDFC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $292K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $375K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE CORPORATION IS COMMITTED TO PROVIDING AFFORDABLE HOUSING APARTMENTS FOR FAMILIES OF LOW INCOME IN THE CENTRAL SECTION OF BROOKLYN, NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $349,141 Revenue: $289,784

TO PROVIDE RESIDENTIAL HOUSING CONSISTING OF 21 UNITS TO FAMILIES OF LOW INCOME IN THE CENTRAL SECTION OF 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $289,784
Investment Income $1,830
Other Revenue $0
TOTAL REVENUE $291,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $349,141
Other Expenses $375,496
TOTAL EXPENSES $375,496

Year-over-Year Comparison

2023 2022 Change
Revenue $291,614 $205,277 +0.4%
Expenses $375,496 $336,510 +0.1%
Net Income $-83,882 $-131,233 -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

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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
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
1
$298,920
Total Directors
3
$298,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DUNSTON CEO 0.33
Officer Director
$0 $0 $298,920
JAMES HENRY CHAIRPERSON 0.33
Director
$0 $0 $0
ELLIOTT ROBINSON JR TREASURER 0.33
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
2023 $291,614 $375,496 $250,719 $-83,882
2022 $205,277 $336,510 $231,048 $-131,233
2021 $236,648 $325,317 $228,377 $-88,669
2020 $228,071 $371,727 $180,524 $-143,656
2019 $274,406 $1,555,727 $175,373 $-1,281,321
2018 $230,596 $518,954 $1,389,143 $-288,358
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