2044 7TH AVENUE HOUSING DEVELOPMENT FUND CORPORATION (EIN 133740487) - 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

REVEREND REGINALD WILLIAMS

Phone

2123606442

Tax Period

2023-01-01 to 2023-12-31

2044 7TH AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $284K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $437K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF OWNING, CONSTRUCTING, REHABILITATION, LEASING, MANAGING, EQUIPPING, MAINTAINING, DEVELOPING AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME AND NEEDY.

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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 $264,461

Investment Income $5,321

Other Revenue $14,450

TOTAL REVENUE $284,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $436,936

Other Expenses $436,936

TOTAL EXPENSES $436,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,232	$242,311	+0.2%
Expenses	$436,936	$389,134	+0.1%
Net Income	$-152,704	$-146,823	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON ELLIS	SECRETARY	N/A	Officer Director	$0	$0	$0
MINISTER ELI HALL	TREASURER	N/A	Officer Director	$0	$0	$0
REVEREND REGINALD WILLIAMS	PRESIDENT	N/A	Officer Director	$0	$0	$0
HORACE HENRY	SIGNATURE OF	N/A	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
2024	No data	No data	No data	No data
2023	$284,232	$436,936	$1,530,373	$-152,704
2022	$242,311	$389,134	$1,569,917	$-146,823
2021	$346,744	$401,174	$1,702,936	$-54,430
2020	$385,807	$380,665	$1,703,863	$5,142
2019	$380,491	$369,987	$1,752,122	$10,504
2018	$238,861	$315,607	$1,687,290	$-76,746

2044 7TH AVENUE HOUSING DEVELOPMENT FUND CORPORATION