NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION (EIN 133701038) - 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

1993

Legal Domicile

Principal Officer

KOBINA ARHIN

Phone

7182933100

Tax Period

2023-01-01 to 2023-12-31

NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING IN BRONX, NY

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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 $2,000,187

Investment Income $7,439

Other Revenue $0

TOTAL REVENUE $2,007,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,557

Fundraising Expenses $0

Program Expenses $2,099,334

Other Expenses $1,813,313

TOTAL EXPENSES $2,336,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,007,626	$1,931,532	+0.0%
Expenses	$2,336,870	$2,364,195	0.0%
Net Income	$-329,244	$-432,663	-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

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

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

$387,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MSGR DONALD SAKANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV MARK CREGAN	TREASURER	0.25	Officer Director	$0	$0	$0
KENNETH P BROWNE	DIRECTOR	0.25	Director	$0	$0	$0
REV JOSEPH FRANCO	DIRECTOR	0.25	Director	$0	$0	$0
KEN SINGLETON	DIRECTOR	0.25	Director	$0	$0	$0
KOBINA ARHIN	SVP/CEO	1.00	Officer	$0	$26,460	$333,658
DONNA SMITH	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$3,711	$53,446

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
2024	No data	No data	No data	No data
2023	$2,007,626	$2,336,870	$2,663,912	$-329,244
2022	$1,931,532	$2,364,195	$2,831,287	$-432,663
2021	$1,942,221	$2,162,057	$2,992,542	$-219,836
2020	$1,863,626	$2,086,486	$3,245,312	$-222,860
2019	$3,389,096	$2,172,949	$3,606,753	$1,216,147
2018	$1,713,035	$2,184,110	$3,919,169	$-471,075

NOSOTROS HOUSING DEVELOPMENT FUND CORPORATION