1385 NELSON AVENUE HDFC INC

EIN: 133939143 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$772,119
Total Expenses
$719,552
Total Assets
$2,846,206
Net Assets
$2,690,417
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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
1998
Legal Domicile
NY
Phone
7182952882
Tax Period
2024-01-01 to 2024-12-31

1385 NELSON AVENUE HDFC INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $772K in total revenue in fiscal year 2024. Expenses of $720K left a modest 7% surplus.

Mission

TO PROVIDE LOW INCOME TO MODERATE INCOME HOUSING OPPORTUNITIES FOR THE COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $733,990
Investment Income $38,129
Other Revenue $0
TOTAL REVENUE $772,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $585,225
Other Expenses $719,552
TOTAL EXPENSES $719,552

Year-over-Year Comparison

2024 2023 Change
Revenue $772,119 $727,859 +0.1%
Expenses $719,552 $679,282 +0.1%
Net Income $52,567 $48,577 +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
3
Independent Members
1
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONSOLATO CICCIU PRESIDENT 1.00
Director
$0 $0 $0
CECILIA FERRO SECRETARY 1.00
Director
$0 $0 $0
PAUL FRACASSI VICE PRESIDENT 0.25
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 $772,119 $719,552 $2,846,206 $52,567
2023 $727,859 $679,282 $2,775,887 $48,577
2022 $672,520 $677,380 $2,675,138 $-4,860
2021 $671,122 $694,786 $2,682,979 $-23,664
2020 $661,720 $644,884 $2,784,871 $16,836
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