HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORP (EIN 133496091) - 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

1989

Legal Domicile

Principal Officer

KOBINA ARHIN

Phone

7182933100

Tax Period

2023-01-01 to 2023-12-31

HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORP, founded in 1989, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.1M in total revenue in fiscal year 2023. Expenses of $11.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING IN HIGHBRIDGE SECTION OF THE BRONX, NY.

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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 $9,912,501

Investment Income $186,794

Other Revenue $0

TOTAL REVENUE $10,099,295

Expense Breakdown

Grants Paid $162,408

Salaries & Benefits $3,450,905

Fundraising Expenses $0

Program Expenses $9,610,648

Other Expenses $7,824,801

TOTAL EXPENSES $11,438,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,099,295	$9,848,134	+0.0%
Expenses	$11,438,114	$11,777,642	0.0%
Net Income	$-1,338,819	$-1,929,508	-0.3%

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

$386,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MSGR DONALD SAKANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV MARK CREGAN	TREASURER	0.25	Officer Director	$0	$0	$0
KENNETH P BROWNE	DIRECTOR	0.25	Director	$0	$0	$0
REV JOSEPH FRANCO	DIRECTOR	0.25	Director	$0	$0	$0
KEN SINGLETON	DIRECTOR	0.25	Director	$0	$0	$0
KOBINA ARHIN	SVP/CEO	1.00	Officer	$0	$26,460	$333,197
DONNA SMITH	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$3,711	$53,446

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	$10,099,295	$11,438,114	$38,809,184	$-1,338,819
2022	$9,848,134	$11,777,642	$37,644,757	$-1,929,508
2021	$10,077,862	$12,794,139	$37,198,979	$-2,716,277
2020	$9,256,244	$12,123,813	$39,085,042	$-2,867,569
2019	$9,090,923	$12,697,532	$41,225,680	$-3,606,609
2018	$8,671,693	$11,631,723	$43,748,501	$-2,960,030

HIGHBRIDGE COMMUNITY HOUSING DEVELOPMENT FUND CORP