239 EAST 115TH ST HOUSING DEVELOPM… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

WALTER ROBERTS

Phone

2128608821

Tax Period

2024-07-01 to 2025-06-30

239 EAST 115TH ST HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.5M left a modest 6% surplus.

Mission

TO DEVELOP, OWN, MANAGE, AND PROVIDE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS, AS WELL AS PROVIDE HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,381,221 Revenue: $2,695,173

THE ORGANIZATION PROVIDES HOUSING TO INDIVIDUALS WITH LOW INCOME.

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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 $0

Program Service Revenue $2,695,173

Investment Income $10,027

Other Revenue $721

TOTAL REVENUE $2,705,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,381,221

Other Expenses $2,537,978

TOTAL EXPENSES $2,537,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,705,921	$3,056,789	-0.1%
Expenses	$2,537,978	$2,300,828	+0.1%
Net Income	$167,943	$755,961	-0.8%

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

$145,296

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BECKSTORM	PRESIDENT	0.50	Officer Director	$0	$0	$0
MAYA KURIEN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAYTON BANKS	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM OFENLOCH	TREASURER	0.50	Officer Director	$0	$0	$0
MADISON BEDARD	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINA BERNARDIN	BOARD MEMBER	0.50	Director	$0	$0	$0
WILL CHASE	BOARD MEMBER	0.50	Director	$0	$0	$0
STACY CRAWFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
DARYL GARRETT	BOARD MEMBER	0.50	Director	$0	$0	$0
MARISSA MACK	BOARD MEMBER	0.50	Director	$0	$0	$0
MAX MARKHAM	BOARD MEMBER	0.50	Director	$0	$0	$0
NIKKI MERKERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
VARUN SANYAL	BOARD MEMBER	0.50	Director	$0	$0	$0
INGRID SOTELO	BOARD MEMBER	0.50	Director	$0	$0	$0
GEMMA THOMAS	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK YOUNG	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINA BERNARDIN	BOARD MEMBER	0.50	Director	$0	$0	$0
WALTER M ROBERTS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$7,346	$145,296

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	$2,705,921	$2,537,978	$13,503,071	$167,943
2024	$3,056,789	$2,300,828	$12,105,927	$755,961
2023	$3,495,748	$3,385,972	$10,816,348	$109,776
2022	$2,872,574	$3,054,973	$11,062,910	$-182,399
2021	$2,988,994	$2,855,891	$11,958,357	$133,103
2020	$2,942,471	$2,920,140	$11,881,980	$22,331
2019	$2,658,792	$2,770,266	$11,728,868	$-111,474
2018	$3,022,575	$3,200,052	$11,608,463	$-177,477

239 EAST 115TH ST HOUSING DEVELOPMENT FUND CORPORATION