HOUSING WORKS HOUSING DEVELOPMENT FUND CORPORATION (EIN 133775886) - 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

CHARLES KING

Phone

3474737400

Tax Period

2023-07-01 to 2024-06-30

HOUSING WORKS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1992, is a small nonprofit that reported $377K in total revenue in fiscal year 2023. The organization ran a surplus of $90K, a strong 24% operating margin.

Mission

PROVIDES PERMANENT SUPPORTIVE HOUSING TO HOMELESS, LOW-INCOME NEW YORKERS LIVING WITH HIV/AIDS.

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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 $376,975

Investment Income $0

Other Revenue $240

TOTAL REVENUE $377,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,884

Other Expenses $286,884

TOTAL EXPENSES $286,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,215	$360,494	+0.0%
Expenses	$286,884	$171,688	+0.7%
Net Income	$90,331	$188,806	-0.5%

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

$1,031,394

Total Directors

$757,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW COAMEY	SECRETARY	1.00	Officer Director	$0	$35,201	$283,789
CHARLES KING	VICE CHAIR/CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$20,958	$473,511
EARL WARD	CHAIR	1.00	Officer Director	$0	$0	$0
JOLANTA ILCZUK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$7,199	$274,094

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	$377,215	$286,884	$2,300,774	$90,331
2023	$360,494	$171,688	$2,230,614	$188,806
2022	$350,954	$271,613	$2,040,170	$79,341
2021	$372,447	$240,734	$1,969,884	$131,713
2020	$330,013	$246,950	$2,157,051	$83,063
2019	$309,448	$240,777	$2,214,473	$68,671
2018	$273,248	$175,079	$1,770,988	$98,169

HOUSING WORKS HOUSING DEVELOPMENT FUND CORPORATION