COMMUNITY HOUSING IMPROVEMENT PROGRAM INC

EIN: 132617766

NEW YORK, NY

Total Revenue
$1,572,459
Total Expenses
$1,852,250
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
Principal Officer
ZACHARY KERR
Phone
2122149202
Tax Period
2024-01-01 to 2024-08-05

COMMUNITY HOUSING IMPROVEMENT PROGRAM INC, founded in 1966, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION REPRESENTS BUILDING OWNERS IN NEW YORK CITY IN MATTERS OF HOUSING POLICY INVOLVING SUCH DIVERSE ISSUES AS LEAD PAINT, PROPERTY TAXES AND RENT REGULATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400,000
Program Service Revenue $1,024,998
Investment Income $7
Other Revenue $147,454
TOTAL REVENUE $1,572,459

Expense Breakdown

Grants Paid $69,227
Salaries & Benefits $785,943
Fundraising Expenses $0
Other Expenses $997,080
TOTAL EXPENSES $1,852,250

Year-over-Year Comparison

2024 2023 Change
Revenue $1,572,459 $2,005,732 -0.2%
Expenses $1,852,250 $3,394,415 -0.5%
Net Income $-279,791 $-1,388,683 -0.8%
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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Governance

Voting Members
22
Independent Members
21
Employees
6
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
11
$296,665
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW HOFFMAN VICE CHAIRMAN 2.50
Officer Director
$0 $0 $0
JOHN ILIBASSI VOTING MEMBER 2.50
Director
$0 $0 $0
SCOTT DONNER VOTING MEMBER 2.50
Director
$0 $0 $0
BARRY RUDOFSKY VICE CHAIRMAN 2.50
Officer Director
$0 $0 $0
NATHAN FISHMAN VOTING MEMBER 2.50
Director
$0 $0 $0
ZACHARY KERR PRESIDENT 2.50
Officer Director
$0 $0 $0
DAVID PARKS VOTING MEMBER 2.50
Director
$0 $0 $0
RUBIN PIKUS RESIGNED 611 VOTING MEMBER 2.50
Director
$0 $0 $0
ALISTAIR ECONOMAKIS VICE PRESIDENT 2.50
Officer Director
$0 $0 $0
PAUL BRENSILBER VICE CHAIRMAN 2.50
Officer Director
$0 $0 $0
DAVID DIAMOND VOTING MEMBER 2.50
Director
$0 $0 $0
BARRY FISHMAN VOTING MEMBER 2.50
Director
$0 $0 $0
NICHOLAS PETRAS VICE CHAIRMAN 2.50
Officer Director
$0 $0 $0
JORDAN PLATT VOTING MEMBER 2.50
Director
$0 $0 $0
MATT ENGEL CHAIRMAN 2.50
Officer Director
$0 $0 $0
JEFFREY KATZ VOTING MEMBER 2.50
Director
$0 $0 $0
BRUCE KAFENBAUM VOTING MEMBER 2.50
Director
$0 $0 $0
MATTHEW SCHMELZER TREASURER 2.50
Officer Director
$0 $0 $0
JEFF FARKAS VICE PRESIDENT 2.50
Officer Director
$0 $0 $0
ANITA GUPTA SECRETARY 2.50
Officer Director
$0 $0 $0
FRANCINE SCHIFF RESIGNED 117 VOTING MEMBER 2.50
Director
$0 $0 $0
DANIEL BENEDICT VOTING MEMBER 2.50
Director
$0 $0 $0
MARIO GAZTAMBIDE VOTING MEMBER 2.50
Director
$0 $0 $0
DARIN GOLDSTEIN VOTING MEMBER 2.50
Director
$0 $0 $0
JASON MARTIN EXECUTIVE DIRECTOR 45.00
Officer
$289,540 $7,125 $296,665
JOSEPH CONDON GENERAL COUNSEL 40.00
Highest
$123,077 $3,692 $126,769
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 $1,572,459 $1,852,250 No data $-279,791
2023 $2,005,732 $3,394,415 $281,791 $-1,388,683
2022 $2,127,009 $2,675,262 $1,668,474 $-548,253
2021 $1,575,020 $1,934,000 $2,216,727 $-358,980
2020 $2,014,362 $2,011,331 $2,575,707 $3,031
2019 $3,407,273 $2,664,218 $2,572,676 $743,055
2018 $1,818,868 $1,561,399 $1,829,621 $257,469
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