456 West 129th Street Housing Corporation

EIN: 133572276 501(c)(3)

New York, NY

Total Revenue
$2,421,712
Total Expenses
$2,418,246
Total Assets
$291,038
Net Assets
$186,346
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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
1991
Legal Domicile
NY
Principal Officer
Donald C Notice
Phone
2128667816
Tax Period
2024-07-01 to 2025-06-30

456 West 129th Street Housing Corporation, founded in 1991, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The orgaization manages maintains and operates buildings owned by the City of New York as temporary housing for the NYC Department of Housing, Preservation, and Development emergency designated population. The organization also provides social services for the homeless residents.

Program Service Accomplishments

Program 1
Expenses: $1,858,102 Revenue: $209

The organization managed, maintained and operated buildings owned by the City of New York as temporary emergency housing for NYC designated population. The organization also provided social services...

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The organization managed, maintained and operated buildings owned by the City of New York as temporary emergency housing for NYC designated population. The organization also provided social services for the homeless residents.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,421,503
Program Service Revenue $0
Investment Income $209
Other Revenue $0
TOTAL REVENUE $2,421,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,694,228
Fundraising Expenses $31,275
Program Expenses $1,858,102
Other Expenses $724,018
TOTAL EXPENSES $2,418,246

Year-over-Year Comparison

2024 2023 Change
Revenue $2,421,712 $2,203,254 +0.1%
Expenses $2,418,246 $2,198,768 +0.1%
Net Income $3,466 $4,486 -0.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
32
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ILEANA DELAROSA BOARD CHAIR 010.00
Officer Director
$0 $0 $0
LENORE B BROWNE BOARD VICE CHAIR 010.00
Officer Director
$0 $0 $0
DIANE INCE TREASURER 010.00
Officer Director
$0 $0 $0
GENEVIEVE OUTLAW SECRETARY 010.00
Officer Director
$0 $0 $0
COURTNEY BENNETT BOARD MEMBER 010.00
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
2025 $2,421,712 $2,418,246 $291,038 $3,466
2024 $2,203,254 $2,198,768 $279,552 $4,486
2023 $2,241,292 $2,126,887 $262,984 $114,405
2022 $2,311,389 $2,243,861 $410,661 $67,528
2021 $2,156,739 $2,238,878 $222,723 $-82,139
2020 $2,313,270 $2,342,196 $423,716 $-28,926
2019 $2,270,818 $2,155,154 $341,695 $115,664
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