ARMI WASHINGTON HEIGHTS HOUSING CORPORATION

EIN: 133687895 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$250,829
Total Expenses
$298,432
Total Assets
$3,701,180
Net Assets
$464,216
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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
NY
Principal Officer
DANIEL K JOHANSSON
Phone
2122748558
Tax Period
2023-07-01 to 2024-06-30

ARMI WASHINGTON HEIGHTS HOUSING CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $251K in total revenue in fiscal year 2023. Expenses of $298K exceeded revenue, resulting in a 19% operating deficit.

Mission

HOLDS TITLE TO THE LAND AND BUILDING OF INDEPENDENCE HOUSE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,819
Program Service Revenue $0
Investment Income $10
Other Revenue $0
TOTAL REVENUE $250,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $295,432
Other Expenses $298,432
TOTAL EXPENSES $298,432

Year-over-Year Comparison

2023 2022 Change
Revenue $250,829 $248,610 +0.0%
Expenses $298,432 $303,009 0.0%
Net Income $-47,603 $-54,399 -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

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Governance

Voting Members
8
Independent Members
8
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
$638,090
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 THRU APRIL 2024 0.10
Officer Director
$0 $0 $0
JAMES B CLOONAN CFP TREASURER 0.10
Officer 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
PETER BALDONADO LCSW DIRECTOR 0.10
Director
$0 $0 $0
RICHARD ROBERTS JD DIRECTOR 0.10
Director
$0 $0 $0
AYANNA D OLIVER TAYLOR DIRECTOR THRU JUNE 2024 0.10
Director
$0 $0 $0
DANIEL K JOHANSSON EXECUTIVE VP & CEO 2.00
Officer
$0 $142,684 $469,369
BHASKAR SAHNI DIR. FINANCE & ADMIN 2.00
Officer
$0 $19,038 $168,721
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 $250,829 $298,432 $3,701,180 $-47,603
2023 $248,610 $303,009 $3,840,185 $-54,399
2022 $248,045 $306,689 $3,977,497 $-58,644
2021 $248,249 $310,208 $4,114,810 $-61,959
2020 $506,435 $410,054 $4,252,124 $96,381
2019 $143,774 $161,449 $4,343,759 $-17,675
2018 $143,771 $94,322 $4,460,120 $49,449
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