129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 113440267) - 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

1998

Legal Domicile

Principal Officer

MICHELLE DE LA UZ

Phone

7182372017

Tax Period

2024-07-01 to 2025-06-30

129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $225K exceeded revenue, resulting in a 215% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE AN APARTMENT BUILDING FOR QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN NEW YORK AREA.

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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 $26,056

Program Service Revenue $45,414

Investment Income $0

Other Revenue $132

TOTAL REVENUE $71,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,262

Other Expenses $225,222

TOTAL EXPENSES $225,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,602	$154,553	-0.5%
Expenses	$225,222	$142,536	+0.6%
Net Income	$-153,620	$12,017	-13.8%

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

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

$290,232

Total Directors

$290,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DE LA UZ	SECRETARY	0.50	Officer Director	$0	$11,580	$290,232
DANY CUNNINGHAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA YAGER	TREASURER	0.50	Officer 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
2025	$71,602	$225,222	$561,836	$-153,620
2024	No data	No data	No data	No data
2023	$102,573	$155,308	$502,596	$-52,735
2022	$106,494	$141,925	$469,146	$-35,431
2021	$85,318	$135,860	$477,539	$-50,542
2020	$81,192	$133,587	$496,945	$-52,395

129 23RD STREET HOUSING DEVELOPMENT FUND CORPORATION