ARMI HOUSING CORPORATION

EIN: 133652630 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$363,810
Total Expenses
$576,823
Total Assets
$1,185,470
Net Assets
$-2,106,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
DANIEL K JOHANSSON
Phone
2122748558
Tax Period
2022-07-01 to 2023-06-30

ARMI HOUSING CORPORATION, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $364K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $577K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO CONSTRUCT, OWN, AND OPERATE HOUSING FOR THE BENEFIT OF LOW-INCOME DISABLED PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $263,874
Program Service Revenue $99,902
Investment Income $34
Other Revenue $0
TOTAL REVENUE $363,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $480,387
Other Expenses $576,823
TOTAL EXPENSES $576,823

Year-over-Year Comparison

2022 2021 Change
Revenue $363,810 $321,489 +0.1%
Expenses $576,823 $496,560 +0.2%
Net Income $-213,013 $-175,071 +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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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
6
$501,852
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY S HOFFMAN MD PRESIDENT 0.10
Officer Director
$0 $0 $0
ROBERT JUDEM-CAUTIN LCSW SECRETARY 0.10
Officer Director
$0 $0 $0
ILSE HOFFMAN CPA TREASURER 0.10
Officer Director
$0 $0 $0
PETER BALDONADO LCSW DIRECTOR 0.10
Director
$0 $0 $0
DANIEL B GERARD DIRECTOR 0.10
Director
$0 $0 $0
ALEXANDER KHANDJI MD DIRECTOR 0.10
Director
$0 $0 $0
KENNETH MERLO ESQ DIRECTOR 0.10
Director
$0 $0 $0
JAMES B CLOONAN CFP DIRECTOR 0.10
Director
$0 $0 $0
RICHARD ROBERTS JD DIRECTOR 0.10
Director
$0 $0 $0
AYANNA D OLIVER TAYLOR DIRECTOR 0.10
Director
$0 $0 $0
DANIEL K JOHANSSON EXECUTIVE VP & CEO 1.00
Officer
$0 $114,621 $391,885
DEEPAK BUTANI DIR. FINANCE & ADMIN THRU 01/23 10.00
Officer
$0 $12,452 $109,967
BHASKAR SHANI DIR. FINANCE & ADMIN EFF. 03/23 10.00
Officer
$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 No data No data No data No data
2023 $363,810 $576,823 $1,185,470 $-213,013
2022 $321,489 $496,560 $1,162,934 $-175,071
2021 $311,360 $401,042 $895,513 $-89,682
2020 $310,094 $373,981 $987,005 $-63,887
2019 $319,072 $407,431 $1,044,405 $-88,359
2018 $295,563 $400,182 $1,098,119 $-104,619
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