58-60 MANHATTAN AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 133622095) - 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

1991

Legal Domicile

Principal Officer

ROBIN P BAEZ

Phone

2126784410

Tax Period

2023-07-01 to 2024-06-30

58-60 MANHATTAN AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $374K in total revenue in fiscal year 2023. Expenses of $417K exceeded revenue, resulting in a 11% operating deficit.

Mission

ALL EXPENSES RELATED TO MAINTAIN AND MANAGE A LOW-INCOME APARTMENT COMPLEX LOCATED IN THE MANHATTAN VALLEY REGION OF MANHATTAN, 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 $374,142

Investment Income $5

Other Revenue $0

TOTAL REVENUE $374,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $369,412

Other Expenses $416,670

TOTAL EXPENSES $416,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374,147	$366,767	+0.0%
Expenses	$416,670	$403,624	+0.0%
Net Income	$-42,523	$-36,857	+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

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

N/A

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

$130,210

Total Directors

$130,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN P BAEZ	Vice President	1.00	Officer Director	$0	$3,715	$130,210
JOHN P DUFFELL	President	1.00	Director	$0	$0	$0
SANDRA B POWERS	Treasurer/Secy	1.00	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	No data	No data	No data	No data
2024	$374,147	$416,670	$413,288	$-42,523
2023	$366,767	$403,624	$452,422	$-36,857

58-60 MANHATTAN AVENUE HOUSING DEVELOPMENT FUND CORPORATION