Fordham Bedford Housing Corporation (EIN 133010578) - 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

1980

Legal Domicile

Principal Officer

HENG LY

Phone

7183673200

Tax Period

2024-01-01 to 2024-12-31

Fordham Bedford Housing Corporation, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $7.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $6.3M left a modest 14% surplus.

Mission

FBHC WAS FORMED FOR THE PURPOSE OF PROMOTING, DEVELOPING AND MANAGING LOW AND MODERATE INCOME HOUSING, PROVIDING ASSISTANCE TO LOW INCOME FAMILIES AND COMBATING COMMUNITY DETERIORATION IN THE FORDHAM BEDFORD SECTION AND SURROUNDING AREAS OF THE NORTHWEST BRONX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $212,766

Program Service Revenue $6,763,451

Investment Income $353,249

Other Revenue $0

TOTAL REVENUE $7,329,466

Expense Breakdown

Grants Paid $111,828

Salaries & Benefits $4,822,464

Fundraising Expenses $167,589

Program Expenses $5,751,961

Other Expenses $1,376,304

TOTAL EXPENSES $6,310,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,329,466	$8,688,426	-0.2%
Expenses	$6,310,596	$6,844,191	-0.1%
Net Income	$1,018,870	$1,844,235	-0.4%

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

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

$374,287

Total Directors

$374,287

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENG LY	Chief executive officer	40.0	Officer Director	$329,395	$44,892	$374,287
Robert Donovan	Director of Construction	40.0	Highest	$185,550	$53,447	$238,997
Phuong H Vang	Director of Financial Services	40.0	Highest	$199,142	$25,145	$224,287
Gerard Wollweber	Director of Leasing	40.0	Highest	$188,827	$22,469	$211,296
Ibsam Martinez	Director of Spec. Housing	40.0	Highest	$156,312	$0	$156,312
Damion McCathy	Director of Property Mgmt	40.0	Highest	$155,852	$0	$155,852
EILEEN HOGAN	PRESIDENT	0.5	Officer Director	$0	$0	$0
ERIKA MARTINEZ	VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
CHERYL HARPER	TREASURER	0.5	Officer Director	$0	$0	$0
WILLIAM DALEY	SECRETARY	0.5	Officer Director	$0	$0	$0
JOSE NORAT	DIRECTOR	0.5	Director	$0	$0	$0
IVAN BOHORQUEZ	DIRECTOR	0.5	Director	$0	$0	$0
S LEMURIA ALAWODE-EL	DIRECTOR	0.5	Director	$0	$0	$0
MARIBEL MONTILLA	DIRECTOR	0.5	Director	$0	$0	$0
LUIS LUGO	DIRECTOR	0.5	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	$7,329,466	$6,310,596	$74,222,236	$1,018,870
2023	$8,688,426	$6,844,191	$74,290,867	$1,844,235
2022	$7,445,904	$7,019,736	$71,176,424	$426,168
2021	$9,182,543	$6,506,844	$73,266,623	$2,675,699
2020	$9,215,529	$6,249,351	$68,609,779	$2,966,178
2019	$9,183,460	$5,983,533	$64,176,675	$3,199,927
2018	$8,228,855	$5,655,655	$61,811,532	$2,573,200

Fordham Bedford Housing Corporation