80-92 RIDGE STREET HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133584060 501(c)(3)

NEW YORK, NY

Total Revenue
$4,128,351
Total Expenses
$2,947,030
Total Assets
$5,335,088
Net Assets
$112,162
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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
NY
Principal Officer
LINDA R HOFFMAN
Phone
2129627653
Tax Period
2024-07-01 to 2025-06-30

80-92 RIDGE STREET HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1989, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

PROVIDES 99 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT 80 RIDGE STREET BETWEEN RIDGE AND DELANCEY STREETS IN MANHATTAN, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY SEVEN (47) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.

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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 $3,787,831
Program Service Revenue $333,340
Investment Income $2,895
Other Revenue $4,285
TOTAL REVENUE $4,128,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $585,446
Fundraising Expenses $0
Program Expenses $2,633,423
Other Expenses $2,361,584
TOTAL EXPENSES $2,947,030

Year-over-Year Comparison

2024 2023 Change
Revenue $4,128,351 $2,554,960 +0.6%
Expenses $2,947,030 $2,490,036 +0.2%
Net Income $1,181,321 $64,924 +17.2%
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

Financial Distress Indicator

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
4
Independent Members
4
Employees
5
Volunteers
4

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
5
$1,186,051
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM N HUBBARD IV PRESIDENT 0.20
Officer Director
$0 $0 $0
ELIZABETH R TOZER VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
JOAN FINKLESTEN EXEC. SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
ANN VAN NESS BOARD MEMBER 0.20
Director
$0 $0 $0
LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $35,975 $820,576
ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $35,975 $365,475
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 $4,128,351 $2,947,030 $5,335,088 $1,181,321
2024 No data No data No data No data
2023 $2,747,952 $2,575,507 $4,567,135 $172,445
2022 $2,701,313 $2,470,393 $4,853,436 $230,920
2021 $2,594,205 $2,335,654 $4,862,997 $258,551
2020 $2,432,210 $2,252,215 $4,875,107 $179,995
2019 $2,395,780 $2,246,343 $4,887,356 $149,437
2018 $2,244,735 $2,134,323 $5,095,242 $110,412
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