FULTON PLAZA HOUSING DEVELOPMENT FUND CORPORATION (EIN 133651524) - 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

1992

Legal Domicile

Principal Officer

PAUL MOORE

Phone

7185897858

Tax Period

2023-01-01 to 2023-12-31

FULTON PLAZA HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit that reported $587K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $680K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDER OF AFFORDABLE LOW INOME RENTAL HOUSING

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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 $587,086

Investment Income $0

Other Revenue $0

TOTAL REVENUE $587,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $679,610

Other Expenses $679,610

TOTAL EXPENSES $679,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$587,086	$528,174	+0.1%
Expenses	$679,610	$609,933	+0.1%
Net Income	$-92,524	$-81,759	+0.1%

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

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

$150,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MOORE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$150,000	$150,000
ABIGAIL TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE FORBES-CLARK	DIRECTOR	0.50	Director	$0	$0	$0
RITA JONES	DIRECTOR	0.50	Director	$0	$0	$0
ROSEMARIE GORDON ON	DIRECTOR	0.50	Director	$0	$0	$0
HELEN FOREMAN-HINES	PRESIDENT	1.00	Officer Director	$0	$0	$0
IZZY KUKAJ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT BALACHANDRAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
FREDRICA CLARK	SECRETARY	0.50	Officer Director	$0	$0	$0
SEAN TURNER	TREASURER	0.50	Officer 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
2023	$587,086	$679,610	$2,494,915	$-92,524
2022	$528,174	$609,933	$2,664,138	$-81,759
2021	$588,131	$537,853	$2,768,696	$50,278
2020	$588,084	$502,418	$2,752,012	$85,666
2019	$540,334	$467,488	$2,727,101	$72,846
2018	$572,525	$516,132	$2,742,830	$56,393

FULTON PLAZA HOUSING DEVELOPMENT FUND CORPORATION