SECOND FARMS NEIGHBORHOOD HDFC INC C/O MICHAEL COMERFORD (EIN 132677155) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

REVEREND ERIC CRUZ

Phone

5162484817

Tax Period

2024-07-01 to 2025-06-30

SECOND FARMS NEIGHBORHOOD HDFC INC C/O MICHAEL COMERFORD, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 87% operating margin.

Mission

TO ACT AS CO-DEVELOPER, FACILITATE, PARTICIPATE, AND ASSIST THE DEVELOPER IN THE REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS, AND RELATED ACCESSORY SERVICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,183,691

Investment Income $96,543

Other Revenue $0

TOTAL REVENUE $1,280,234

Expense Breakdown

Grants Paid $72,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $95,396

TOTAL EXPENSES $167,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,280,234	$1,194,764	+0.1%
Expenses	$167,896	$160,430	+0.0%
Net Income	$1,112,338	$1,034,334	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MONSIGNOR KEVIN SULLIVAN	PRESIDENT/DIRECTOR	3.00	Officer Director	$0	$0	$0
GEORGE HORTON	TREASURER/DIRECTOR	3.00	Officer Director	$0	$0	$0
DAVID BROWN	DIRECTOR	3.00	Director	$0	$0	$0
REVEREND ERIC CRUZ	DIRECTOR	3.00	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
2025	$1,280,234	$167,896	$37,641,597	$1,112,338
2024	No data	No data	No data	No data
2023	$1,158,737	$191,272	$35,461,745	$967,465
2022	$1,361,319	$341,523	$34,520,514	$1,019,796
2021	$1,171,696	$136,247	$33,428,497	$1,035,449
2020	$884,330	$156,145	$32,340,548	$728,185

SECOND FARMS NEIGHBORHOOD HDFC INC C/O MICHAEL COMERFORD