AIKENS APARTMENTS HDFC (EIN 113382079) - 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

1999

Legal Domicile

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

TO PROVIDE AND MANAGE AFFORDABLE HOUSING APARTMENTS FOR LOW INCOME FAMILIES 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%)

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

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

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

$298,920

Total Directors

$298,920

Key Employees

Highest Compensated

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

AIKENS APARTMENTS HDFC