TEAMS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133007729 501(c)(3) Mental Health

NEW YORK, NY

Total Revenue
$351,104
Total Expenses
$200,289
Total Assets
$575,684
Net Assets
$558,736
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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
1986
Legal Domicile
NY
Principal Officer
VAREL NICHOLS
Phone
6462652786
Tax Period
2023-10-01 to 2024-09-30

TEAMS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1986, is a small nonprofit in the Mental Health sector that reported $351K in total revenue in fiscal year 2023. The organization ran a surplus of $151K, a strong 43% operating margin.

Mission

TO PROVIDE TRANSITIONAL HOUSING AND COMMUNITY SERVICESO AS TO ALLOW PEOPLE TO REJOIN THE COMMUNITYAFTER FALLING ON HARD TIMES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $351,104
Investment Income $0
Other Revenue $0
TOTAL REVENUE $351,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,289
Other Expenses $191,789
TOTAL EXPENSES $200,289

Year-over-Year Comparison

2023 2022 Change
Revenue $351,104 $331,000 +0.1%
Expenses $200,289 $175,383 +0.1%
Net Income $150,815 $155,617 0.0%
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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL CRUMP DIRECTOR N/A
Director
$0 $0 $0
TONY LOPEZ DIRECTOR N/A
Director
$0 $0 $0
VAREL NICHOLS DIRECTOR N/A
Director
$0 $0 $0
GINA PHILLIP SECRETARY N/A
Director
$0 $0 $0
MELVIN PRATT TREASURER N/A
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 $351,104 $200,289 $575,684 $150,815
2023 $331,000 $175,383 $407,921 $155,617
2022 $348,218 $95,870 $395,884 $252,348
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