NYC PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133202018) - 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

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.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,390,014

Key Employees

Highest Compensated

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

NYC PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC