RYER AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 133604402) - 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

FATHER DAVID BYRNE

Phone

7183290600

Tax Period

2024-07-01 to 2025-06-30

RYER AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

RYER AVENUE HOUSING DEVELOPMENT FUND CORPORATION (THE "HDFC") AND SUBSIDIARY (THE "ORGANIZATION") IS A NOT-FOR-PROFIT WHICH PROVIDES HOUSING AND PROGRAMS FOR ASSISTANCE TO HOMELESS PERSONS WITH AIDS OR HIV-RELATED ILLNESS. SAN MIGUEL HOUSING DEVELOPMENT FUND COMPANY, INC. (THE "COMPANY") IS A NOT-FOR-PROFIT AND WAS ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING HOUSING FOR PERSONS OF LOW INCOME. THE COMPANY IS THE OWNER OF THE HOUSING FACILITY LOCATED AT 2386 RYER AVENUE, BRONX, NEW YORK, KNOWN AS THE SAN MIGUEL RESIDENCE (THE "PROJECT"). THE SOLE MEMBER OF THE COMPANY IS RYER AVENUE HOUSING DEVELOPMENT FUND CORPORATION.

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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 $1,935,755

Program Service Revenue $45,812

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,981,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,023,839

Fundraising Expenses $81,710

Program Expenses $1,604,485

Other Expenses $1,041,133

TOTAL EXPENSES $2,064,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,981,567	$2,016,177	0.0%
Expenses	$2,064,972	$2,030,338	+0.0%
Net Income	$-83,405	$-14,161	+4.9%

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

$89,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATHER DAVID BYRNE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SISTER CONSTANCE TANSKI	DIRECTOR	0.50	Director	$0	$0	$0
SISTER MARY SPANO	DIRECTOR	0.50	Director	$0	$0	$0
JULIO REYES	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW CASAMENTO	DIRECTOR	0.50	Director	$0	$0	$0
JEFFERY AMUNDSON	DIRECTOR	0.50	Director	$0	$0	$0
RANNYLIN DALLEY	DIRECTOR	0.50	Director	$0	$0	$0
ILEANA RIVERA	DIRECTOR	0.50	Director	$0	$0	$0
VALERIE CAMEJO	DIRECTOR	0.50	Director	$0	$0	$0
JOSE LUIS SANTIAGO	EXECUTIVE DI	40.00	Officer	$89,110	$0	$89,110

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	$1,981,567	$2,064,972	$852,112	$-83,405
2024	$2,016,177	$2,030,338	$955,152	$-14,161
2023	$1,977,304	$2,040,582	$487,786	$-63,278
2023	$1,977,304	$2,040,582	$487,786	$-63,278
2022	$2,205,927	$2,145,950	$347,543	$59,977
2021	$2,148,100	$2,530,211	$925,020	$-382,111
2020	$1,943,629	$2,007,606	$1,332,221	$-63,977
2019	$1,926,027	$1,972,978	$938,280	$-46,951
2018	$1,932,809	$1,986,026	$1,281,209	$-53,217

RYER AVENUE HOUSING DEVELOPMENT FUND CORPORATION