HOUSING PARTNERSHIP DEVELOPMENT CORPORATION (EIN 133202014) - 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

ADAM GOLD

Phone

6462173370

Tax Period

2023-01-01 to 2023-12-31

HOUSING PARTNERSHIP DEVELOPMENT CORPORATION, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $6.0M in total revenue in fiscal year 2023.

Mission

TO INCREASE SUPPLY OF LOW/MODERATE HOUSING IN NEW YORK CITY THROUGH NEW HOUSING PRODUCTION AND PRESERVATION, AND TO REVITALIZE NEIGHBORHOODS.

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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 $241,740

Program Service Revenue $5,640,031

Investment Income $178,211

Other Revenue $-30,694

TOTAL REVENUE $6,029,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,014,374

Fundraising Expenses $458,325

Program Expenses $4,514,999

Other Expenses $2,084,555

TOTAL EXPENSES $6,098,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,029,288	$6,252,837	0.0%
Expenses	$6,098,929	$6,094,490	+0.0%
Net Income	$-69,641	$158,347	-1.4%

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

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

$1,390,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBRA MCALLISTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES HEDDEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JAMES BASON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BISSONETTE	DIRECTOR THRU 3/2/23	1.00	Director	$0	$0	$0
ANDREW BLUMETTI	DIRECTOR	1.00	Director	$0	$0	$0
ADOLFO CARRION	DIRECTOR, EX OFFICIO	1.00	Director	$0	$0	$0
ERIC ENDERLIN	DIRECTOR, EX OFFICIO	1.00	Director	$0	$0	$0
CHARLES GATEWOOD	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL GLADSTONE	DIRECTOR	1.00	Director	$0	$0	$0
TODD GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN HOCHBERG ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHN WALSH	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS JONES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LYNCH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES G MATERA	DIRECTOR	1.00	Director	$0	$0	$0
DUANE MUTTI	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS OSTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA ROWE-BARRECA	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND SAVINO	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE SMARR	PRESIDENT & CEO	37.00	Officer	$341,154	$40,688	$381,842
SHELIA MARTIN	VICE PRESIDENT & COO	37.00	Officer	$240,432	$37,095	$277,527
THERESA OMANSKY	SECRETARY/GEN. COUNSEL	37.00	Officer	$211,022	$30,706	$241,728
ESTHER TOPOROVSKY	EXECUTIVE VP THRU 09/30/23	37.00	Officer	$151,484	$10,128	$161,612
ADAM GOLD	TREASURER & CFO	37.00	Officer	$173,746	$30,749	$204,495
NADJA ALVARADO	VICE PRESIDENT	37.00	Officer	$86,506	$36,304	$122,810
JOHN ABRAMO	VP OF REAL ESTATE & DEVELOPMENT	37.00	Highest	$164,786	$44,387	$209,173

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	$6,029,288	$6,098,929	$10,524,106	$-69,641
2022	$6,252,837	$6,094,490	$10,283,114	$158,347
2021	$4,893,284	$4,506,480	$7,314,844	$386,804
2020	$4,437,347	$4,393,198	$7,032,296	$44,149
2019	$5,032,465	$4,975,154	$7,052,585	$57,311
2018	$5,088,851	$4,725,901	$6,729,751	$362,950

HOUSING PARTNERSHIP DEVELOPMENT CORPORATION