BSDC NEIGHBORHOOD HOMES HDFC (EIN 113440915) - 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

1995

Legal Domicile

Principal Officer

GREGORY ANDERSON

Phone

7183990146

Tax Period

2023-01-01 to 2023-12-31

BSDC NEIGHBORHOOD HOMES HDFC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $257K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $595K exceeded revenue, resulting in a 132% operating deficit.

Mission

BSDC NEIGHBORHOOD HOMES HDFC'S PRIMARY MISSION IS TWOFOLD: (1) DEVELOPING AND UPGRADING HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN THE BEDFORD STUYVESANT AREA; AND (2) ENCOURAGING THE NEIGHBORHOOD STABILITY AND INFRASTRUCTURE DEVELOPMENT BY TAKING A LEADERSHIP ROLE IN HOUSING DEVELOPMENT.

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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 $200,593

Program Service Revenue $44,068

Investment Income $4,265

Other Revenue $7,727

TOTAL REVENUE $256,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $591,768

Other Expenses $594,744

TOTAL EXPENSES $594,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,653	$791,916	-0.7%
Expenses	$594,744	$429,826	+0.4%
Net Income	$-338,091	$362,090	-1.9%

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

$201,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD ODOM JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHYLLIS WHITE-THORNE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ABITZEL ROBITSON-HOBSON	TREASURER	1.00	Officer Director	$0	$0	$0
VALERIE KENDERICK-COUSIN	SECRETARY	1.00	Officer Director	$0	$0	$0
DREXEL HARRIS	MEMBER	1.00	Director	$0	$0	$0
NILES DANTE STEWART	MEMBER	1.00	Director	$0	$0	$0
GREGORY ANDERSON	PRESIDENT AND CEO	40.00	Officer	$0	$0	$201,108

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	No data	No data	No data	No data
2023	$256,653	$594,744	$1,494,073	$-338,091
2023	$126,059	$293,229	$1,494,073	$-167,170
2022	$791,916	$429,826	$1,491,781	$362,090
2021	$80,058	$100,139	$1,382,069	$-20,081
2020	$76,795	$16,871	$1,429,958	$59,924
2019	$123,620	$43,284	$1,411,935	$80,336
2018	$95,814	$103,948	$1,092,920	$-8,134

BSDC NEIGHBORHOOD HOMES HDFC