SH HOUSING DEVELOPMENT FUND CORP (EIN 132998607) - 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

1979

Legal Domicile

Principal Officer

STUART C KAPLAN

Phone

2129717600

Tax Period

2021-10-01 to 2022-09-30

SH HOUSING DEVELOPMENT FUND CORP, founded in 1979, is a micro nonprofit in the Housing & Shelter sector that reported $83K in total revenue in fiscal year 2021. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 4267% operating deficit.

Mission

TO PROVIDE SUBSIDIZED HOUSING FOR LOW INCOME SENIOR CITIZENS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $83,166

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,166

Expense Breakdown

Grants Paid $3,632,271

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,632,271

Other Expenses $0

TOTAL EXPENSES $3,632,271

Year-over-Year Comparison

	2021	2020	Change
Revenue	$83,166	$166,911	-0.5%
Expenses	$3,632,271	$1,074,918	+2.4%
Net Income	$-3,549,105	$-908,007	+2.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,101,575

Total Directors

$1,101,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STUART C KAPLAN	PRESIDENT/CEO/DIRECTOR	0.10	Officer Director	$0	$78,559	$1,101,575
ERNEST L BIAL	CHAIRMAN/DIRECTOR	0.10	Officer Director	$0	$0	$0
DENNIS BAUM	VICE PRESIDENT/DIRECTOR	0.10	Officer Director	$0	$0	$0
VICTOR A WYLER	SECRETARY/TREAS./DIRECTOR	0.10	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
2022	$83,166	$3,632,271	No data	$-3,549,105
2021	$166,911	$1,074,918	$3,549,105	$-908,007
2020	$180,921	No data	$4,457,112	No data
2019	$318,978	No data	$4,715,273	No data
2018	$229,780	No data	$5,107,544	No data

SH HOUSING DEVELOPMENT FUND CORP