1330 MORRIS AVENUE HDFC CORP

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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

1999

Legal Domicile

Phone

7182952882

Tax Period

2024-01-01 to 2024-12-31

1330 MORRIS AVENUE HDFC CORP, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $653K in total revenue in fiscal year 2024.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $500,527 Revenue: $652,190

THE PROPERTY GENERATES REVENUE PRIMARILY THROUGH SUBSIDIZED RENTALS OCCUPIED BY LOW-TO-MODERATE-INCOME FAMILIES. ASSOCIATED EXPENSES, INCLUDING ADMINISTRATIVE FEES, UTILITIES, REPAIRS, MAINTENANCE...

THE PROPERTY GENERATES REVENUE PRIMARILY THROUGH SUBSIDIZED RENTALS OCCUPIED BY LOW-TO-MODERATE-INCOME FAMILIES. ASSOCIATED EXPENSES, INCLUDING ADMINISTRATIVE FEES, UTILITIES, REPAIRS, MAINTENANCE, TAXES, AND INSURANCE, ARE NECESSARY FOR THE EFFICIENT OPERATION OF THE PREMISES AND REGULATORY COMPLIANCE.

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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 $652,190

Investment Income $1,080

Other Revenue $0

TOTAL REVENUE $653,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,527

Other Expenses $678,857

TOTAL EXPENSES $678,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$653,270	$643,775	+0.0%
Expenses	$678,857	$632,570	+0.1%
Net Income	$-25,587	$11,205	-3.3%

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

Total Directors

Key Employees

Highest Compensated

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	$653,270	$678,857	$1,498,981	$-25,587
2023	$643,775	$632,570	$1,475,965	$11,205
2022	$664,317	$663,757	$1,376,793	$560
2021	$629,766	$540,622	$1,346,288	$89,144
2020	$639,514	$555,277	$1,267,469	$84,237