CROTONA PARKWAY APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 133819602) - 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

VARERIE TORRES

Phone

7188426440

Tax Period

2021-07-01 to 2022-06-30

CROTONA PARKWAY APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a small nonprofit that reported $254K in total revenue in fiscal year 2021. Expenses of $330K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE QUALITY HOUSING AND SOCIAL ERVICES TO THE LOW AND MODERATE- INCOME FAMILIES OF THE SOUTH BRONX, NY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $253,524

Investment Income $29

Other Revenue $0

TOTAL REVENUE $253,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,202

Fundraising Expenses $0

Program Expenses $308,882

Other Expenses $304,474

TOTAL EXPENSES $329,676

Year-over-Year Comparison

	2021	2020	Change
Revenue	$253,553	$243,404	+0.0%
Expenses	$329,676	$264,717	+0.2%
Net Income	$-76,123	$-21,313	+2.6%

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

$302,538

Total Directors

$37,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VARERIE TORRES	CHAIR	0.00	Officer Director	$0	$0	$0
JASON BOROFF	VICE CHAIR/T	N/A	Officer Director	$4,675	$0	$37,538
EVELYN VELASQUEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
SALVATORE GIGANTE	MEMBER	N/A	Director	$0	$0	$0
JOSEFA SANTOS	MEMBER	N/A	Director	$0	$0	$0
JOAN TRANI	MEMBER	N/A	Director	$0	$0	$0
STEVEN SELTZER	EXECUTIVE DI	1.00	Officer	$0	$0	$153,077
JEAN BONHOMME	CONTROLLER	1.00	Officer	$0	$0	$111,923

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	$253,553	$329,676	$407,110	$-76,123
2021	$243,404	$264,717	$465,436	$-21,313
2020	$230,749	$227,914	$508,555	$2,835
2019	$196,822	$280,415	$471,177	$-83,593
2018	$228,763	$279,039	$555,116	$-50,276

CROTONA PARKWAY APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION