24 FURMAN AVENUE HDFC

EIN: 113580998 501(c)(3) Housing & Shelter

QUEENS VILLAGE, NY

Total Revenue
$35,165
Total Expenses
N/A
Total Assets
$1,999,952
Net Assets
$93,284
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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
1984
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

24 FURMAN AVENUE HDFC, founded in 1984, is a micro nonprofit in the Housing & Shelter sector that reported $35K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION PROVIDES LOW INCOME HOUSING AND IS EXEMPT FROMTAXATION UNDER 501(C)(3) OF THE IRC

Program Service Accomplishments

Program 1

THE CORPORATION PROVIDES LOW INCOME HOUSING AND IS EXEMPT FROMTAXATION UNDER 501(C)(3) OF THE IRC

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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 $0
Investment Income $0
Other Revenue $35,165
TOTAL REVENUE $35,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $35,165 $19,646 +0.8%
Expenses N/A N/A N/A
Net Income N/A $19,646 N/A
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

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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BRAMWELL TRUSTEE 0.00
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 No data No data No data No data
2023 $35,165 No data $1,999,952 No data
2022 $19,646 No data $1,919,772 No data
2021 $30,761 No data $1,909,656 No data
2020 $72,144 No data $1,949,297 No data
2019 $33,422 No data $1,876,586 No data
2018 $90,864 No data $1,889,045 No data
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