HOMES FOR NEW YORKERS INC (EIN 132875896) - 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

1976

Legal Domicile

Principal Officer

ADAM WEINSTEIN

Phone

2122439090

Tax Period

2023-01-01 to 2023-12-31

HOMES FOR NEW YORKERS INC, founded in 1976, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $708K, a strong 52% operating margin.

Mission

TO SUPPORT AND MAINTAIN QUALITY AFFORDABLE AND LOW-INCOME HOUSING THROUGH VARIOUS METHODS INCLUDING GRANTS, DEVELOPMENT AND AT TIMES, DIRECT OWNERSHIP.

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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 $1,344,749

Investment Income $0

Other Revenue $4,500

TOTAL REVENUE $1,349,249

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $640,043

Other Expenses $516,446

TOTAL EXPENSES $641,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,349,249	$604,728	+1.2%
Expenses	$641,446	$278,766	+1.3%
Net Income	$707,803	$325,962	+1.2%

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

N/A

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

$2,541,726

Total Directors

$1,757,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WEINSTEIN	PRESIDENT/CEO	1.00	Officer Director	$0	$172,076	$990,213
JAMES ROBERT PIGOTT JR	VICE PRESIDENT AND SECRETA	1.00	Officer Director	$0	$79,704	$430,091
LUKEMAN OGUNYINKA	TREASURER	1.00	Officer Director	$0	$62,804	$337,124
MATTHEW KELLY	VICE PRESIDENT	1.00	Officer	$0	$73,253	$423,493
MICHAEL WADMAN	VICE PRESIDENT	1.00	Officer	$0	$58,015	$360,805

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	$1,349,249	$641,446	$21,219,233	$707,803
2022	$604,728	$278,766	$18,468,038	$325,962
2021	$555,965	$113,411	$8,382,392	$442,554
2020	$734,153	$13,724	$8,097,962	$720,429
2019	$468,905	$13,272	$7,299,162	$455,633
2018	$431,236	$13,326	$6,836,489	$417,910

HOMES FOR NEW YORKERS INC