TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION (EIN 113633048) - 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

2001

Legal Domicile

Phone

6315897100

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE TOWN OF ISLIP HOUSING DEVELOPMENT CORP WAS FORMED TO ASSIST IN EXPANDING AFFORDABLE HOUSING CHOICES AND OPPORTUNITIES TO QUALIFIED RESIDENTS OF THE TOWN OF ISLIP

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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 $152,944

Investment Income $15,011

Other Revenue $0

TOTAL REVENUE $167,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,645

Other Expenses $116,754

TOTAL EXPENSES $116,754

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION