NYSD FORSYTH HOUSING DEVELOPMENT FUND COMPANY INC C/O FEGS INC (EIN 133985586) - 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

1997

Legal Domicile

Principal Officer

JUDITH PINCUS

Phone

2123660036

Tax Period

2024-07-01 to 2025-06-30

NYSD FORSYTH HOUSING DEVELOPMENT FUND COMPANY INC C/O FEGS INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $756K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 46% operating deficit.

Mission

PROVIDES HOUSING FOR THE DEAF, DEAF-BLIND, AND DISABLED PERSONS OF LOW INCOME

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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 $0

Program Service Revenue $731,212

Investment Income $24,644

Other Revenue $0

TOTAL REVENUE $755,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,718

Fundraising Expenses $0

Program Expenses $859,411

Other Expenses $978,167

TOTAL EXPENSES $1,103,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$755,856	$1,194,716	-0.4%
Expenses	$1,103,885	$937,442	+0.2%
Net Income	$-348,029	$257,274	-2.4%

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

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

$315,152

Total Directors

$315,152

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH PINCUS	PRESIDENT	1.50	Officer Director	$0	$36,537	$175,411
MICHAEL KIRSHNER	VP/TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW SLUTSKY	SECRETARY	1.00	Officer Director	$0	$54,987	$139,741

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
2025	$755,856	$1,103,885	$3,433,692	$-348,029
2024	$1,194,716	$937,442	$3,610,888	$257,274
2023	$530,223	$599,855	$3,071,715	$-69,632
2022	$1,724,436	$913,604	$3,205,650	$810,832
2021	$767,071	$746,911	$2,252,107	$20,160
2020	$558,722	$553,657	$2,088,416	$5,065
2019	$436,635	$535,880	$2,138,682	$-99,245
2018	$433,999	$471,837	$2,254,661	$-37,838

NYSD FORSYTH HOUSING DEVELOPMENT FUND COMPANY INC C/O FEGS INC