HARRY & JEANETTE WEINBERG RIVERDALE HOUSING DEVELOPMENT FUND CO INC

EIN: 133865179 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$960,055
Total Expenses
$1,209,427
Total Assets
$4,942,689
Net Assets
$-2,132,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
JEFFREY FARBER MD
Phone
2128705000
Tax Period
2023-01-01 to 2023-12-31

HARRY & JEANETTE WEINBERG RIVERDALE HOUSING DEVELOPMENT FUND CO INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $960K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE PURPOSE OF THE HARRY AND JEANETTE WEINBERG RIVERDALE HOUSE (REFERRED TO AS RIVERDALE HOUSE) IS TO PROVIDE SAFE, AFFORDABLE, INDEPENDENT LIVING FOR INCOME-ELIGIBLE OLDER ADULTS

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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 $911,024
Investment Income $46,130
Other Revenue $2,901
TOTAL REVENUE $960,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,113,730
Other Expenses $1,209,427
TOTAL EXPENSES $1,209,427

Year-over-Year Comparison

2023 2022 Change
Revenue $960,055 $950,136 +0.0%
Expenses $1,209,427 $1,190,121 +0.0%
Net Income $-249,372 $-239,985 +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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
6

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
6
$1,810,340
Total Directors
7
$1,810,340
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN ALTSCHULER TREASURER 0.20
Officer Director
$0 $0 $0
ELIZABETH PAGEL SEREBRANSKY CO-CHAIR 0.20
Officer Director
$0 $0 $0
JEFFREY FARBER MD PRESIDENT AND CEO 0.20
Officer Director
$0 $61,538 $1,212,894
LISA FEINER DIRECTOR 0.20
Director
$0 $0 $0
MARK WEISS CFO 0.20
Officer Director
$0 $22,692 $597,446
PETER HESS DIRECTOR 0.20
Director
$0 $0 $0
TAMI J SCHNEIDER CO-CHAIR 0.20
Officer Director
$0 $0 $0
LYNN OBERLANDER SECRETARY 0.20
Officer
$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 $960,055 $1,209,427 $4,942,689 $-249,372
2022 $950,136 $1,190,121 $5,106,983 $-239,985
2021 $923,798 $1,092,146 $5,302,870 $-168,348
2020 $966,919 $1,222,647 $5,513,054 $-255,728
2019 $944,164 $1,202,727 $5,682,528 $-258,563
2018 $739,279 $1,007,790 $6,496,974 $-268,511
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