RIVER VIEW GARDENS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 133995933) - 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

LINDA R HOFFMAN

Phone

2129627653

Tax Period

2024-07-01 to 2025-06-30

RIVER VIEW GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDES 80 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT HUNTERS POINT IN QUEENS, IT OFFERS SOCIAL AND RECREATIONAL SERVICES. FORTY SIX (46) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.

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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 $1,163,988

Program Service Revenue $295,601

Investment Income $7,294

Other Revenue $6,179

TOTAL REVENUE $1,473,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,918

Fundraising Expenses $0

Program Expenses $1,562,485

Other Expenses $1,419,416

TOTAL EXPENSES $1,852,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,473,062	$1,410,208	+0.0%
Expenses	$1,852,334	$1,848,901	+0.0%
Net Income	$-379,272	$-438,693	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,186,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM N HUBBARD IV	PRESIDENT	0.20	Officer Director	$0	$0	$0
ELIZABETH R TOZER	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
ANN VAN NESS	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
WILLIAM N HUBBARD III	EXEC. SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
PEARL CHANG	BOARD MEMBER	0.20	Director	$0	$0	$0
JOAN FINKELSTEIN	BOARD MEMBER	0.20	Director	$0	$0	$0
EVELYN SALZBERG	BOARD MEMBER	0.20	Director	$0	$0	$0
LINDA R HOFFMAN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$35,975	$820,576
ROLANDO A BLANCO	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$35,975	$365,475

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	$1,473,062	$1,852,334	$8,610,107	$-379,272
2024	No data	No data	No data	No data
2023	$1,341,837	$1,644,865	$9,337,150	$-303,028
2022	$1,221,185	$1,469,366	$9,714,768	$-248,181
2021	$1,117,706	$1,433,893	$9,918,360	$-316,187
2020	$1,094,807	$1,238,876	$10,254,154	$-144,069
2019	$1,051,798	$1,276,697	$10,386,132	$-224,899
2018	$964,662	$1,203,676	$10,697,770	$-239,014

RIVER VIEW GARDENS HOUSING DEVELOPMENT FUND COMPANY INC