SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION (EIN 134004190) - 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

1998

Legal Domicile

Principal Officer

PERRY PERLMUTTER

Phone

2126336900

Tax Period

2023-07-01 to 2024-06-30

SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $340K in total revenue in fiscal year 2023. Expenses of $404K exceeded revenue, resulting in a 19% operating deficit.

Mission

ORGANIZED TO OWN, REHABILITATE, AND OPERATE AN 18-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $329,681

Investment Income $6,967

Other Revenue $3,087

TOTAL REVENUE $339,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $377,076

Other Expenses $403,840

TOTAL EXPENSES $403,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,735	$344,346	0.0%
Expenses	$403,840	$474,074	-0.1%
Net Income	$-64,105	$-129,728	-0.5%

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

N/A

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

$1,184,254

Total Directors

$884,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PERRY J PERLMUTTER	PRESIDENT & CEO	0.1	Officer Director	$0	$63,020	$517,296
ARLO M CHASE	SECRETARY	0.1	Officer Director	$0	$52,296	$367,393
DOUGLAS WALERSTEIN	TREASURER	0.1	Officer	$0	$23,552	$299,565

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	No data	No data	No data	No data
2024	$339,735	$403,840	$3,041,766	$-64,105
2023	$344,346	$474,074	$3,048,094	$-129,728
2022	$216,140	$486,973	$3,082,013	$-270,833
2021	$199,935	$420,482	$3,056,657	$-220,547
2020	$129,907	$309,407	$3,037,409	$-179,500

SEVENTEENTH STREET HOUSING DEVELOPMENT FUND CORPORATION