FIT STUDENT HOUSING CORPORATION

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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

1982

Legal Domicile

Principal Officer

DR JOYCE F BROWN

Phone

2122173603

Tax Period

2024-07-01 to 2025-06-30

FIT STUDENT HOUSING CORPORATION, founded in 1982, is a mid-sized nonprofit that reported $45.2M in total revenue in fiscal year 2024. The organization ran a surplus of $7.5M, a strong 17% operating margin.

Mission

TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OFTECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $35,345,689 Revenue: $42,669,037

FIT STUDENT HOUSING CORPORATION OPERATES AND MANAGES THE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY.

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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 $42,669,037

Investment Income $2,566,924

Other Revenue $0

TOTAL REVENUE $45,235,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,940,210

Fundraising Expenses $0

Program Expenses $35,345,689

Other Expenses $35,821,690

TOTAL EXPENSES $37,761,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,235,961	$44,926,980	+0.0%
Expenses	$37,761,900	$37,292,289	+0.0%
Net Income	$7,474,061	$7,634,691	0.0%

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

$2,049,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN BURNS-MCNEILL	CHAIR	1.00	Director	$0	$0	$0
JAQUI LIVIDINI	VICE CHAIR	1.00	Director	$0	$0	$0
RICHARD A ANDERMAN	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH I BYRD	TRUSTEE	1.00	Director	$0	$0	$0
JOAN B HORNIG	TRUSTEE	1.00	Director	$0	$0	$0
BEVERLY S MACK	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH T PEEK	TRUSTEE	1.00	Director	$0	$0	$0
GABRIELLE FIALKOFF	TRUSTEE	1.00	Director	$0	$0	$0
MONA ABOEGLNAGA KANAAN	TRUSTEE	1.00	Director	$0	$0	$0
DEIRDRE QUINN	TRUSTEE	1.00	Director	$0	$0	$0
ISABELLA FITZSIMMONS	STUDENT TRUSTEE	1.00	Director	$0	$0	$0
SALLY SINGER	TRUSTEE	1.00	Director	$0	$0	$0
NINA GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
DENISE MAGID	TRUSTEE	1.00	Director	$0	$0	$0
DR JOYCE F BROWN	PRESIDENT	5.00	Officer	$0	$190,594	$1,053,555
SHERRY BRABHAM	TREASURER	5.00	Officer	$0	$60,256	$497,892
STEPHEN TUTTLE	SECRETARY	5.00	Officer	$0	$84,740	$498,463
ANGELA BROWN	DIRECTOR, RESIDENTIAL LIF	5.00	Highest	$182,175	$33,684	$215,859
ASHLEY WOLFE	ASSOCIATE DIRECTOR	5.00	Highest	$117,515	$24,861	$142,376
ADAM GRAY	ASSOCIATE DIRECTOR	5.00	Highest	$109,223	$21,317	$130,540

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	$45,235,961	$37,761,900	$175,308,929	$7,474,061
2024	$44,926,980	$37,292,289	$174,467,755	$7,634,691
2023	$41,152,480	$35,269,498	$171,217,690	$5,882,982
2022	$33,857,523	$33,332,242	$172,356,223	$525,281
2021	$10,866,143	$24,187,115	$174,398,361	$-13,320,972
2020	$28,682,214	$33,015,765	$160,932,136	$-4,333,551
2019	$34,887,053	$33,359,995	$173,401,024	$1,527,058
2018	$34,688,793	$31,863,376	$175,850,505	$2,825,417