NEW WALTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 133826436 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$2,488,752
Total Expenses
$2,271,330
Total Assets
$3,989,138
Net Assets
$3,632,033
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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
NY
Principal Officer
HENG LY
Phone
7183673200
Tax Period
2023-01-01 to 2023-12-31

NEW WALTON AVENUE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Expenses of $2.3M left a modest 9% surplus.

Mission

THE ORGANIZATION MAINTAINS AND OPERATES COMMUNITY FACILITY SPACE FOR THE EDUCATIONAL BENEFIT OF KINDERGARTEN CHILDREN. ADDITIONALLY, ON NOVEMBER 20, 2017, PURSUANT TO A PLAN OF DISSOLUTION AND DISTRIBUTION OF ASSETS APPROVED BY THE ATTORNEY GENERAL OF THE STATE OF NEW YORK, AND FOR NOMINAL CONSIDERATION, THE CORPORATION AS ASSIGNED ALL RIGHT, TITLE, AND INTERESTS OF THE ASSIGNOR IN 10 PARCELS OF REAL PROPERTY AND ALL BUILDINGS, IMPROVEMENTS AND FIXTURES LOCATED THEREON. THESE 10 BUILDINGS CONTAIN 193 RENTAL APARTMENT UNITS IN OPERATIONS FOR LOW- AND VERY LOW-INCOME FAMILIES AND ARE LOCATED IN THE BRONX, NEW YORK.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,488,752
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,488,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,196,389
Other Expenses $2,271,330
TOTAL EXPENSES $2,271,330

Year-over-Year Comparison

2023 2022 Change
Revenue $2,488,752 $2,393,374 +0.0%
Expenses $2,271,330 $2,162,464 +0.1%
Net Income $217,422 $230,910 -0.1%
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

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Governance

Voting Members
5
Independent Members
4
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
4
$424,149
Total Directors
4
$424,149
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heng Ly Secretary/Treasurer 0.5
Officer Director
$0 $68,249 $424,149
Luis Ortega president 0.5
Officer Director
$0 $0 $0
JOSE NORAT Vice President 0.5
Officer Director
$0 $0 $0
Erika Martinez Director 0.5
Officer 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
2024 No data No data No data No data
2023 $2,488,752 $2,271,330 $3,989,138 $217,422
2022 $2,393,374 $2,162,464 $3,753,866 $230,910
2021 $2,383,184 $1,889,558 $3,746,757 $493,626
2020 $2,359,506 $1,933,566 $2,981,044 $425,940
2019 $2,312,190 $1,931,609 $2,465,080 $380,581
2018 $2,448,723 $1,548,818 $2,057,597 $899,905
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