EGA HALL HOUSING DEVELOPMENT FUND CORPORATION (EIN 133560444) - 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

1990

Legal Domicile

Principal Officer

MATTHEW JANECZKO

Phone

2124266317

Tax Period

2023-01-01 to 2023-12-31

EGA HALL HOUSING DEVELOPMENT FUND CORPORATION, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $473K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $598K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE HDFC OPERATES A 63 UNIT RESIDENTIAL BUILDING FOR PERSONS OF LOW INCOME UNDER AN AGREEMENT WITH THE CITY OF NEW YORK DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT.

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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 $470,574

Investment Income $75

Other Revenue $2,187

TOTAL REVENUE $472,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,166

Fundraising Expenses $0

Program Expenses $496,457

Other Expenses $421,165

TOTAL EXPENSES $598,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,836	$566,330	-0.2%
Expenses	$598,331	$580,675	+0.0%
Net Income	$-125,495	$-14,345	+7.7%

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
SR BERNADETTE KENNEY	BOARD CHAIR	1.00	Director	$0	$0	$0
CARRIE BLOSS	TREASURER	1.00	Director	$0	$0	$0
SR GEORGETTE LAWTON	SECRETARY	1.00	Director	$0	$0	$0
KARA MAGOOLAGHAN	DIRECTOR	1.00	Director	$0	$0	$0
SR CHALA M HILL	DIRECTOR	1.00	Director	$0	$0	$0
ANNE FICKLEN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW JANECZKO	CEO (EX-OFFI	1.00	Officer	$0	$0	$0
JOHANNA KLETTER	COO (EX-OFFI	1.00	Officer	$0	$0	$0
AKOP AYRAPETOV	CFO	N/A		$0	$0	$175,612

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	$472,836	$598,331	$1,130,366	$-125,495
2022	$566,330	$580,675	$1,209,384	$-14,345
2021	$508,341	$505,191	$1,196,039	$3,150
2020	$513,219	$477,826	$1,164,432	$35,393
2019	$501,691	$517,059	$1,100,938	$-15,368
2018	$495,990	$526,819	$1,088,387	$-30,829

EGA HALL HOUSING DEVELOPMENT FUND CORPORATION