OAKDALE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $168K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 30% operating margin.
TO ACQUIRE, CONSTRUCT AND PROVIDE AFFORDABLE RENTAL PROPERTY AND AFFORDABLE HOUSING INITIATIVES USED IN CONJUNCTION WITH VARIOUS PROGRAMS, SUCH AS THE SECTION 8 HOUSING CHOICE VOUCHER PROGRAM, AND TO ESTABLISH AND PROVIDE A PROGRAM FOR FIRST-TIME HOMEBUYERS WITH TEH TOWN OF ISLIP HOUSING AUTHORITY. THE PROGRAM WILL PROVIDE GRANT FUNDS TO FURTHER AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND MAINTAIN LONG-TERM VIABILITY OF AFFORDABLE HOUSING PROPERTIES.TO DATE, THE ORGANIZATION HAS CONSTRUCTED IN BAY SHORE ONE NEW 2-FAMILY DWELLING, WHICH IS OCCUPIED BY TWO LOW-INCOME RENTAL FAMILIES AN DONE NEW 3-FAMILY DWELLING, WHICH IS OCCUPIED BY THREE LOW INCOME RENTAL FAMILIES. OUR TUDOR LANE FIRET-TIME HOMEBUYER PROGRAM (18 UNITS) WAS COMPLETED WITH THE SALE OF 18 AFFORDABLE 2-4 BEDROOM HOMES TO FEW FIRST TIME HOMEBUYERS. tHE PROPERTIES CONTINUE TO BE HELD BY THE BUYERS, AND THE ORGANIZATION HOLD EQUITY MORTGAGES WHERE THE FAMILIES ARE RELIEVED FO THER OBLIGATION TO REPAY IF THE PROPERTIES AE U
To provide and maintain Affordable Housing to low-income families in conjunction with various programs. Includes one two family dwelling and one three family dwelling located in Bay Shore, NY.The...
To provide and maintain Affordable Housing to low-income families in conjunction with various programs. Includes one two family dwelling and one three family dwelling located in Bay Shore, NY.The program also provides a Grant programs to further assist families to get into Assisted Housing helping with security deposit payments. Looks for programs to provide Grant payments / Program Assistance to, in partnership with local not-for-profit / Affordable Housing focused agencies.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $167,955 | $117,563 | +0.4% |
| Expenses | $116,754 | $114,420 | +0.0% |
| Net Income | $51,201 | $3,143 | +15.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARY HOMES REID | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| JACKIE FOSTER | President | 2.00 |
Officer
|
$0 | $0 | $0 |
| GRACE SCHLOSSER | Treasurer | 2.00 |
Officer
|
$0 | $0 | $0 |
| DOROTHY COURTEN | Vice President | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $167,955 | $116,754 | $1,727,167 | $51,201 |
| 2022 | $117,563 | $114,420 | $1,676,598 | $3,143 |
| 2021 | $66,456 | $127,115 | $1,639,035 | $-60,659 |
| 2020 | $58,539 | $199,568 | $1,702,184 | $-141,029 |
| 2019 | $35,089 | $205,884 | $1,846,677 | $-170,795 |
| 2018 | $229,756 | $336,841 | $2,019,243 | $-107,085 |
Compare TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.