HIGHBRIDGE COMMUNITY DEVELOPMENT CORP (EIN 133860487) - 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

KOBINA ARHIN

Phone

7182933100

Tax Period

2024-01-01 to 2024-12-31

HIGHBRIDGE COMMUNITY DEVELOPMENT CORP, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $914K, a strong 28% operating margin.

Mission

THE ORGANIZATION ASSISTS IN THE DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING IN THE BRONX. THE ORGANIZATION ALSO PROVIDES TENANT SERVICES FOR THE RESIDENTS OF THE HIGHBRIDGE SECTION WITH THE OVERALL GOAL OF IMPROVING THE NEIGHBORHOOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,408

Program Service Revenue $3,081,855

Investment Income $912

Other Revenue $51,692

TOTAL REVENUE $3,296,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,889,414

Fundraising Expenses $0

Program Expenses $854,895

Other Expenses $-2,506,310

TOTAL EXPENSES $2,383,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,296,867	$3,126,955	+0.1%
Expenses	$2,383,104	$2,483,074	0.0%
Net Income	$913,763	$643,881	+0.4%

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

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

$518,113

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MSGR DONALD SAKANO	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV MARK CREGAN	VICE PRESIDENT/TREASURER	0.25	Officer Director	$0	$0	$0
KENNETH P BROWNE	DIRECTOR	0.25	Director	$0	$0	$0
REVFRJOSE R CRUZ	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH FRANCO	DIRECTOR	0.25	Director	$0	$0	$0
BEATRIZ DIAZ TAVERAS	DIRECTOR	0.25	Director	$0	$0	$0
ROSANNA VIERA	DIRECTOR	0.25	Director	$0	$0	$0
KOBINA ARHIN	SVP/CEO	33.00	Officer	$311,847	$9,381	$321,228
DONNA SMITH	CFO	34.00	Officer	$184,239	$12,646	$196,885
MARTIN RIVERA	MAINTENANCE DIRECTOR	35.00	Highest	$133,003	$11,395	$144,398
JHONATHAN ECHAVARRIA	IT DIRECTOR	35.00	Highest	$128,238	$4,330	$132,568
RAMONA GARCIA	TENANT SERVICES DIRECTOR	35.00	Highest	$117,362	$8,536	$125,898
VANESSA FERNANDEZ	LEASING DIRECTOR	35.00	Highest	$117,898	$3,552	$121,450

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	$3,296,867	$2,383,104	$16,336,476	$913,763
2023	$3,126,955	$2,483,074	$15,166,612	$643,881
2022	$3,118,334	$2,280,778	$14,007,927	$837,556
2021	$8,682,034	$6,506,123	$13,193,541	$2,175,911
2020	$7,334,255	$5,718,251	$11,716,448	$1,616,004
2019	$7,500,924	$6,027,497	$9,317,663	$1,473,427
2018	$2,932,299	$5,034,888	$23,207,368	$-2,102,589

HIGHBRIDGE COMMUNITY DEVELOPMENT CORP