NYC PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133202018 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$138,267
Total Expenses
$286,333
Total Assets
$6,645,137
Net Assets
$6,568,524
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
ADAM GOLD
Phone
6462173370
Tax Period
2023-01-01 to 2023-12-31

NYC PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $138K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 107% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF FOSTERING HOME OWNERSHIP AND DEVELOPING AFFORDABLE HOUSING SITES.

Program Service Accomplishments

Program 1
Expenses: $166,404 Revenue: $111,585

NYCP OPERATES WITH RESPECT TO CONTRACTING HOME OWNERSHIP AND AFFORDABLE HOUSING SITES. NYCP EXECUTES CONTRACTS WITH GOVERNMENT ENTITIES FOR APPLICATION OF PUBLIC FUNDS ("SUBSIDIES") TO SITE...

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NYCP OPERATES WITH RESPECT TO CONTRACTING HOME OWNERSHIP AND AFFORDABLE HOUSING SITES. NYCP EXECUTES CONTRACTS WITH GOVERNMENT ENTITIES FOR APPLICATION OF PUBLIC FUNDS ("SUBSIDIES") TO SITE DEVELOPMENT ACTIVITIES AND HOLDS TITLE TO DEVELOPMENT SITES IN ORDER TO PASS ALONG THE BENEFITS OF ITS TAX-EXEMPT STATUS TO THE PROJECTS, THUS LOWERING THE COST OF CONSTRUCTION AND ENABLING THE COMPLETED HOMES TO BE PRICED LOWER FOR THE BENEFIT OF THE TARGET POPULATION.

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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 $111,585
Investment Income $0
Other Revenue $26,682
TOTAL REVENUE $138,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $166,404
Other Expenses $286,333
TOTAL EXPENSES $286,333

Year-over-Year Comparison

2023 2022 Change
Revenue $138,267 $6,059,508 -1.0%
Expenses $286,333 $932,811 -0.7%
Net Income $-148,066 $5,126,697 -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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Governance

Voting Members
6
Independent Members
1
Employees
N/A
Volunteers
1

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
7
$1,390,014
Total Directors
7
$1,390,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM HEDDEN CHAIR 1.00
Officer Director
$0 $0 $0
JAMIE SMARR PRESIDENT & CEO 1.00
Officer Director
$0 $40,688 $381,842
SHELIA MARTIN VICE PRESIDENT & COO 1.00
Officer Director
$0 $37,095 $277,527
NADJA ALVARADO VICE PRESIDENT 1.00
Officer Director
$0 $36,304 $122,810
ESTHER TOPOROVSKY EXECUTIVE VICE PRESIDENT THRU 9/30/23 1.00
Officer Director
$0 $10,128 $161,612
THERESA OMANSKY SECRETARY 1.00
Officer Director
$0 $30,706 $241,728
ADAM GOLD TREASURER 1.00
Officer Director
$0 $30,749 $204,495
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 $138,267 $286,333 $6,645,137 $-148,066
2022 $6,059,508 $932,811 $6,528,617 $5,126,697
2021 No data $41,785 $1,078,501 No data
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