GREATER HARLEM HOUSING DEVELOPMENT… - 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

1993

Legal Domicile

Principal Officer

LLOYD WILLIAMS

Phone

2128627200

Tax Period

2022-01-01 to 2022-12-31

GREATER HARLEM HOUSING DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $641K, a strong 33% operating margin.

Mission

THE GREATER HARLEM HOUSING DEVELOPMENT CORPORATION MISSION IS TO DEVELOP BUILD, REHABILITATE AND.OR OWN HOUSING FOR LOW AND MODERATE INCOME PERSONS IN HARLEM COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,249,019 Revenue: $2,135,139

RENTAL AND REHABILITATION OF HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,920,471

Investment Income $0

Other Revenue $12,100

TOTAL REVENUE $1,932,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,249,019

Other Expenses $1,291,989

TOTAL EXPENSES $1,291,989

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,932,571	$2,131,139	-0.1%
Expenses	$1,291,989	$1,294,686	0.0%
Net Income	$640,582	$836,453	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD WILLIAMS	PRESIDENT	002.00	Officer Director	$0	$0	$0
WILLIAM HURLEY	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
PATRICIA BOYD CPA	TREASURER	002.00	Officer Director	$0	$0	$0
WILLIAM A ROGERS	SECRETARY	002.00	Officer Director	$0	$0	$0
FREDERICK CRAWFORD SR	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
REGINALD IDLETT SR	DIRECTOR	002.00	Director	$0	$0	$0
DR BERTRAND BROWN	DIRECTOR	002.00	Director	$0	$0	$0
DR ENRIQUE RIGGS	DIRECTOR	002.00	Director	$0	$0	$0
GREG CAMPBELL	DIRECTOR	002.00	Director	$0	$0	$0
VOZA RIVERS	DIRECTOR	002.00	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
2022	$1,932,571	$1,291,989	$5,357,650	$640,582
2021	$2,148,578	$2,093,612	$10,638,053	$54,966
2021	$2,131,139	$1,294,686	$5,357,784	$836,453
2020	$1,999,158	$1,821,847	$5,087,715	$177,311
2019	$2,073,855	$2,086,729	$4,874,691	$-12,874
2018	$1,902,635	$2,234,512	$5,172,643	$-331,877

GREATER HARLEM HOUSING DEVELOPMENT CORPORATION