TREMONT APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 133819601) - 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

1995

Legal Domicile

Principal Officer

VALERIE TORRES

Phone

7188426440

Tax Period

2022-07-01 to 2023-06-30

TREMONT APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $83K in total revenue in fiscal year 2022. The organization ran a surplus of $80K, a strong 97% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING.

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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 $82,548

Other Revenue $0

TOTAL REVENUE $82,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,800

TOTAL EXPENSES $2,800

Year-over-Year Comparison

	2022	2021	Change
Revenue	$82,548	$79,973	+0.0%
Expenses	$2,800	$2,800	N/A
Net Income	$79,748	$77,173	+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	N/A	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	EXE DIRECTOR	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	$82,548	$2,800	$2,971,425	$79,748
2022	$79,973	$2,800	$2,888,977	$77,173
2021	$77,480	$2,800	$2,809,104	$74,680
2020	$75,058	$492,977	$2,739,898	$-417,919
2019	$2,200,698	$177,486	$3,160,142	$2,023,212
2018	$382,399	$446,691	$1,177,231	$-64,292

TREMONT APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION