BRIGHTON BEACH HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133042331) - 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

GAYLE HORWITZ

Phone

2122735200

Tax Period

2024-07-01 to 2025-06-30

BRIGHTON BEACH HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE AFFORDABLE HOUSING & SOCIAL SERVICES TO LOW INCOME OLDER ADULTS LIVING INDEPENDENTLY.

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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 $0

Program Service Revenue $4,137,288

Investment Income $7,547

Other Revenue $7,410

TOTAL REVENUE $4,152,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,031

Fundraising Expenses $0

Program Expenses $3,584,832

Other Expenses $3,996,345

TOTAL EXPENSES $4,469,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,152,245	$4,124,112	+0.0%
Expenses	$4,469,376	$12,069,364	-0.6%
Net Income	$-317,131	$-7,945,252	-1.0%

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

Governance

Voting Members

Independent Members

Employees

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

$1,141,037

Total Directors

$572,362

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN COHEN	BOARD MEMBER	1.00	Director	$0	$25,271	$255,510
DONALD MANNING	VP/SECRETARY	1.00	Officer Director	$0	$15,035	$316,852
MARTIN SIROKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHRYN HASLANGER	OUTGOING CEO	1.00	Officer	$0	$67,614	$536,369
MATTHEW LOCURTO	CFO	1.00	Officer	$0	$48,831	$287,816

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
2025	$4,152,245	$4,469,376	$11,511,042	$-317,131
2024	No data	No data	No data	No data
2023	$3,802,663	$4,002,548	$21,863,054	$-199,885
2022	$3,655,103	$3,325,346	$22,061,967	$329,757
2021	$3,270,016	$10,634,582	$22,060,771	$-7,364,566
2020	$2,626,086	$2,561,591	$5,321,641	$64,495
2019	$2,603,997	$2,549,137	$5,301,805	$54,860

BRIGHTON BEACH HOUSING DEVELOPMENT FUND COMPANY INC