SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133175057) - 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

1983

Legal Domicile

Principal Officer

MSGR KEVIN NELAN

Phone

5162484817

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1983, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE RENTAL APARTMENTS FOR ELDERLY PERSONS, PERSONS WITH DISABILITIES, OR PERSONS WITH VERY LOW INCOME.

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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 $1,817,581

Investment Income $18,085

Other Revenue $0

TOTAL REVENUE $1,835,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,724

Fundraising Expenses $0

Program Expenses $2,015,312

Other Expenses $1,897,445

TOTAL EXPENSES $2,176,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,835,666	$1,766,309	+0.0%
Expenses	$2,176,169	$1,934,038	+0.1%
Net Income	$-340,503	$-167,729	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MSGR KEVIN NELAN	PRESIDENT / DIRECTOR	5.00	Officer Director	$0	$0	$0
THERESA MADDICKS	DIRECTOR	5.00	Director	$0	$0	$0
DEACON RODNEY BECKFORD	DIRECTOR / TREASURER	5.00	Officer Director	$0	$0	$0
PEDRO MORALES	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$1,835,666	$2,176,169	$7,306,358	$-340,503
2022	$1,766,309	$1,934,038	$7,661,027	$-167,729
2021	$1,753,112	$2,722,233	$7,845,384	$-969,121
2020	$1,723,788	$2,165,536	$7,897,036	$-441,748
2019	$1,696,979	$1,968,262	$8,316,095	$-271,283

SOUTHWEST 141 STREET HOUSING DEVELOPMENT FUND COMPANY INC