WESTSIDE CLUSTER 902-904 AMSTERDAM AVENUE HOUSING DEVELOPMENT FUND CO INC (EIN 133401322) - 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

1986

Legal Domicile

Principal Officer

FREDERICK SHACK

Phone

2127367385

Tax Period

2022-07-01 to 2023-06-30

WESTSIDE CLUSTER 902-904 AMSTERDAM AVENUE HOUSING DEVELOPMENT FUND CO INC, founded in 1986, is a small nonprofit that reported $669K in total revenue in fiscal year 2022. Net assets of $4.2M represent 75 months of operating reserves.

Mission

HOLDS TITLE TO PROPERTY USED TO PROVIDE SERVICES FOR HOMELESS PEOPLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $518,739

Program Service Revenue $150,064

Investment Income $0

Other Revenue $0

TOTAL REVENUE $668,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $214,948

Other Expenses $668,803

TOTAL EXPENSES $668,803

Year-over-Year Comparison

	2022	2021	Change
Revenue	$668,803	$668,803	N/A
Expenses	$668,803	$668,803	N/A
Net Income	$0	$0	N/A

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

$502,182

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HEFT	DIRECTOR	2.00	Director	$0	$0	$0
AJAY SALHOTRA	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
BRADLEY HANDLER	DIRECTOR	2.00	Director	$0	$0	$0
CHIARA CARTER	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA SUMMERS	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL KATCHER	DIRECTOR	2.00	Director	$0	$0	$0
ERIK IPSEN	DIRECTOR	2.00	Director	$0	$0	$0
ERIN ABRAMS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ETHAN KAUFMAN	DIRECTOR	2.00	Director	$0	$0	$0
GARY BELSKY	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE SUN	DIRECTOR	2.00	Director	$0	$0	$0
KEITH BERGER	DIRECTOR	2.00	Director	$0	$0	$0
KELLEY GOTT	DIRECTOR	2.00	Director	$0	$0	$0
LISA CHOI	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN FRANKEN	DIRECTOR (OUTGOING)	2.00	Director	$0	$0	$0
MICHAEL BARNETT	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL INNIS-THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KAYE	DIRECTOR (OUTGOING)	2.00	Director	$0	$0	$0
PATRICK LI	DIRECTOR	2.00	Director	$0	$0	$0
PAULOMI SHAH	DIRECTOR (OUTGOING)	2.00	Director	$0	$0	$0
PETER BREST	SECRETARY	2.00	Officer Director	$0	$0	$0
SHAUN MIRZA	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN DICESARE	PRESIDENT	2.00	Officer Director	$0	$0	$0
FREDERICK SHACK	CEO	2.00	Officer	$0	$4,614	$283,186
ROBERT MCPHILLIPS	CFO	2.00	Officer	$0	$53,239	$218,996

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$668,803	$668,803	$9,427,599	No data
2022	$668,803	$668,803	$9,731,391	No data
2021	$668,803	$668,803	$10,023,586	No data
2020	$668,801	$668,801	$10,304,629	No data
2019	$668,803	$668,804	$10,574,944	$-1
2018	$668,803	$687,394	$10,834,942	$-18,591

WESTSIDE CLUSTER 902-904 AMSTERDAM AVENUE HOUSING DEVELOPMENT FUND CO INC