BELLE APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 133804423) - 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

1991

Legal Domicile

Principal Officer

VALERIE TORRES

Tax Period

2022-07-01 to 2023-06-30

BELLE APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $19K in total revenue in fiscal year 2022. The organization ran a surplus of $17K, a strong 86% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING TO LOW AND MODERATE INCOME 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 $0

Investment Income $19,343

Other Revenue $0

TOTAL REVENUE $19,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,700

TOTAL EXPENSES $2,700

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,343	$18,700	+0.0%
Expenses	$2,700	$2,700	N/A
Net Income	$16,643	$16,000	+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

$333,816

Total Directors

$44,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE TORRES	CHAIR	1.00	Officer Director	$0	$0	$0
JASON BOROFF	VICE CHAIR/T	N/A	Officer Director	$0	$0	$29,669
EVELYN VELASQUEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
SALVATORE GIGANTE	TREASURER	N/A	Officer Director	$0	$0	$0
JOSEFA SANTOS	MEMBER	N/A	Director	$0	$0	$0
JOAN TRANI	MEMBER	N/A	Director	$0	$0	$14,675
STEVEN SELTZER	EXECUTIVE DI	N/A	Officer	$0	$0	$82,154
JEAN BONHOMME	CONTROLLER	N/A	Officer	$0	$0	$114,039
ANTHONY LYNCH	EXECUTIVE DI	N/A	Officer	$0	$0	$107,954

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
2023	$19,343	$2,700	$601,171	$16,643
2022	$18,700	$2,700	$581,828	$16,000
2021	$18,078	$2,700	$563,128	$15,378
2020	$249,833	$33,870	$545,050	$215,963
2019	$610,922	$134,040	$563,245	$476,882
2018	$232,903	$281,667	$898,906	$-48,764

BELLE APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION