HIRE HOUSING DEVELOPMENT FUND CORPORATION (EIN 133693602) - 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

Michael O'Donnell

Phone

2122191618

Tax Period

2023-07-01 to 2024-06-30

HIRE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit in the Unknown sector that reported $391K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $750K exceeded revenue, resulting in a 92% operating deficit.

Mission

THE COMPANY OWNS A BUILDING THAT CONTAINS 40 APARTMENT UNITS LOCATED IN THE BRONX, NEW YORK. THE COMPANY LEASES ALL THE UNITS TO HOMELESS PERSONS WITH AIDS OR HIV-RELATED ILLNESSES.

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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 $26,923

Program Service Revenue $305,304

Investment Income $58,879

Other Revenue $0

TOTAL REVENUE $391,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $731,042

Other Expenses $749,747

TOTAL EXPENSES $749,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,106	$423,330	-0.1%
Expenses	$749,747	$489,305	+0.5%
Net Income	$-358,641	$-65,975	+4.4%

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

$616,984

Total Directors

$616,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROSA GIL	President	1.0	Officer Director	$0	$0	$616,984
Carlos R Pineiro	VCP	1.0	Director	$0	$0	$0
Henry Kwong	VICE PRESIDENT	1.0	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	$391,106	$749,747	$2,115,797	$-358,641
2023	$423,330	$489,305	$2,189,670	$-65,975
2022	$442,093	$476,481	$2,111,982	$-34,388
2021	$421,988	$513,564	$2,088,636	$-91,576
2020	$446,789	$507,516	$2,208,195	$-60,727
2019	$454,871	$500,798	$2,267,356	$-45,927
2018	$449,594	$445,157	$2,345,888	$4,437

HIRE HOUSING DEVELOPMENT FUND CORPORATION