ST BARNABAS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133434410) - 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

1987

Legal Domicile

Principal Officer

SALVATORE GIGANTE

Phone

3477262547

Tax Period

2024-01-01 to 2024-12-31

ST BARNABAS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 4% surplus.

Mission

PROVIDE HOUSING FOR ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE FEDERAL HOUISING ACT OF 1959.

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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 $1,752,603

Investment Income $1,086

Other Revenue $0

TOTAL REVENUE $1,753,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,285

Fundraising Expenses $0

Program Expenses $1,582,040

Other Expenses $1,521,563

TOTAL EXPENSES $1,681,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,753,689	$1,654,642	+0.1%
Expenses	$1,681,848	$1,501,598	+0.1%
Net Income	$71,841	$153,044	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALVATORE GIGANTE	CHAIR	0.30	Officer Director	$0	$0	$0
MARY GROCHOWSKI	SECRETARY/DIRECTOR	0.01	Officer Director	$0	$0	$0
NINFA SEGARRA	TREASURER/DIRECTOR	0.01	Officer Director	$0	$0	$0
ERIC APPELBAUM	DIRECTOR	0.01	Director	$0	$0	$0

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	$1,753,689	$1,681,848	$3,552,475	$71,841
2023	$1,654,642	$1,501,598	$3,692,444	$153,044
2022	$1,845,253	$1,767,540	$3,531,216	$77,713
2021	$1,632,082	$1,417,636	$3,594,362	$214,446
2019	$-245,365	No data	$3,442,584	No data
2018	$-143,119	No data	$3,780,516	No data

ST BARNABAS HOUSING DEVELOPMENT FUND COMPANY INC