400-408 HOUSING DEVELOPMENT FUND COMPANY INC (EIN 132897042) - 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

400-408 HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $779K, a strong 19% operating margin.

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 $4,116,451

Investment Income $5,899

Other Revenue $54,712

TOTAL REVENUE $4,177,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,865,601

Other Expenses $3,397,749

TOTAL EXPENSES $3,397,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,177,062	N/A	N/A
Expenses	$3,397,749	N/A	N/A
Net Income	$779,313	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

$236,507

Total Directors

$120,507

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PAUL MOORE	PRESIDENT	Officer Director	$0	$12,507	$120,507
NESTOR OLIVIER	V PRESIDENT	Officer	$0	$0	$116,000
RANDOLPH PHILLIPS	DIRECTOR	Director	$0	$0	$0
PIERRE B TURNER	DIRECTOR	Director	$0	$0	$0
ALEXANDER JAMES	DIRECTOR	Director	$0	$0	$0
TAKIA WALKER	DIRECTOR	Director	$0	$0	$0
BARBARA KAIRSON	CHAIR	Officer Director	$0	$0	$0
DAMON KINEBREW	SECRETARY	Officer Director	$0	$0	$0
JEAN MONDESIR	TREASURER	Officer 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
2024	$4,177,062	$3,397,749	$14,693,814	$779,313
2023	$3,882,511	$1,956,727	$14,553,605	$1,925,784
2022	$4,578,663	$2,828,985	$12,561,449	$1,749,678
2021	$3,502,237	$2,269,360	$10,908,121	$1,232,877
2018	$3,618,749	$2,439,549	$8,295,397	$1,179,200

400-408 HOUSING DEVELOPMENT FUND COMPANY INC