HARLEM WEST II HOUSING DEVELOPMENT FUND COMPANY IN (EIN 132837728) - 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

1975

Legal Domicile

Principal Officer

PAUL MOORE

Tax Period

2023-04-01 to 2024-03-31

HARLEM WEST II HOUSING DEVELOPMENT FUND COMPANY IN, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $4.6M exceeded revenue, resulting in a 104% operating deficit.

Mission

TO PROVIDE CLEAN, AFFORDABLE HOUSING TO LOW INCOME RESIDENTS IN NEW YORK, NY.

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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 $2,122,441

Investment Income $956

Other Revenue $120,859

TOTAL REVENUE $2,244,256

Expense Breakdown

Grants Paid $3,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,298,358

Other Expenses $1,575,250

TOTAL EXPENSES $4,575,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,244,256	N/A	N/A
Expenses	$4,575,250	N/A	N/A
Net Income	$-2,330,994	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
ALEXANDER JAMES	DIRECTOR	Director	$0	$0	$0
PIERRE TURNER	DIRECTOR	Director	$0	$0	$0
TAKIA WALKER	DIRECTOR	Director	$0	$0	$0
RANDOLPH PHILLIPS	DIRECTOR	Director	$0	$0	$0
JEAN MONDESIR	TREASURER	Officer Director	$0	$0	$0
PAUL MOORE	PRESIDENT	Officer Director	$0	$0	$0
BARBARA KAIRSON	CHAIR	Officer Director	$0	$0	$0
DAMON KINEBREW	SECRETARY	Officer Director	$0	$0	$0
NESTOR OLIVIER	V PRESIDENT	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	$2,244,256	$4,575,250	$4,451,689	$-2,330,994
2023	$2,243,424	$2,757,832	$6,344,906	$-514,408
2022	$1,214,746	$11,879,714	$7,149,098	$-10,664,968

HARLEM WEST II HOUSING DEVELOPMENT FUND COMPANY IN