THE JOSEPH M D'ASSERN HOUSING CORPORATION

EIN: 132631083

DOBBS FERRY, NY

Total Revenue
$1,370,806
Total Expenses
$1,400,249
Total Assets
$2,517,851
Net Assets
$-1,825,291
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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
1972
Legal Domicile
NY
Principal Officer
JEREMY KOHOMBAN
Phone
9146930600
Tax Period
2023-04-01 to 2024-03-31

THE JOSEPH M D'ASSERN HOUSING CORPORATION, founded in 1972, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023.

Mission

THE JOSEPH M. D'ASSERN HOUSING CORP ("THE HOUSING CORP") APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND THEIR IMMEDIATE FAMILIES AND/OR INTERNS OF THE CHILDREN'S VILLAGE. THE HOUSING CORP UNDER THE AUSPICES OF THE CHILDREN'S VILLAGE AND NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL OVERSEE THE APARTMENTS BUILT IN 1969. THE HOUSING CORP IS A NON-STOCK, NON PROFIT HOUSING COMPANY DULY ORGANIZED AND EXISTING UNDER THE PROVISIONS OF ARTICLE II OF THE NEW YORK STATE PRIVATE HOUSING AND FINANCE LAW AND IS TAX EXEMPT UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

THE JOSEPH M. D'ASSERN HOUSING APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND/OR STUDENTS OF THE CHILDREN'S VILLAGE AND THEIR IMMEDIATE...

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THE JOSEPH M. D'ASSERN HOUSING APARTMENTS AT THE CHILDREN'S VILLAGE HAVE BEEN DEVELOPED AND ARE MAINTAINED FOR THE BENEFIT OF EMPLOYEES AND/OR STUDENTS OF THE CHILDREN'S VILLAGE AND THEIR IMMEDIATE FAMILIES. THERE ARE 112 APARTMENTS RANGING FROM 2 1/2 TO 5 1/2 ROOMS (STUDIO TO 3 BEDROOMS).

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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 $1,305,552
Investment Income $14,914
Other Revenue $50,340
TOTAL REVENUE $1,370,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,834
Fundraising Expenses $0
Other Expenses $1,252,415
TOTAL EXPENSES $1,400,249

Year-over-Year Comparison

2023 2022 Change
Revenue $1,370,806 $1,335,857 +0.0%
Expenses $1,400,249 $1,606,809 -0.1%
Net Income $-29,443 $-270,952 -0.9%
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
6

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
3
$1,027,184
Total Directors
8
$1,027,184
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SCHWARTZ DIRECTOR (OUTGOING) 1.00
Director
$0 $0 $0
FRANCINE VERNON SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES MANN DIRECTOR 1.00
Director
$0 $0 $0
JEREMY KOHOMBAN CHAIR/CEO 1.00
Officer Director
$0 $70,768 $667,276
MARK SCHERZER DIRECTOR 1.00
Director
$0 $0 $0
PHIL ROBBINS DIRECTOR 1.00
Director
$0 $0 $0
RANJIT LULLA DIRECTOR 1.00
Director
$0 $0 $0
RICHARD GOERG TREASURER/CFO 1.00
Officer Director
$0 $32,985 $359,908
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 $1,370,806 $1,400,249 $2,517,851 $-29,443
2023 $1,335,857 $1,606,809 $2,602,881 $-270,952
2022 $1,210,558 $1,574,396 $2,857,520 $-363,838
2021 $1,220,763 $1,211,269 $3,251,660 $9,494
2020 $1,197,602 $1,376,956 $3,296,118 $-179,354
2019 $1,196,464 $1,252,985 $3,365,607 $-56,521
2018 $1,191,210 $1,209,670 $3,451,860 $-18,460
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