BELMONT BOULEVARD II HDFC INC (EIN 134026641) - 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

2005

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BELMONT BOULEVARD II HDFC INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE AFFORDABLE SUBSIDIZED HOUSING FOR SENIOR CITIZENS AND HANDICAPPED INDIVIDUALS UNDER THE SECTION 202/08 PROGRAM UNDER THE JURISDICTION OF THE U.S. DEPT OF HOUSING & URBAN DEVELOPMENT (H.U.D)

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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 $1,412,327

Investment Income $174

Other Revenue $4,771

TOTAL REVENUE $1,417,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,399

Fundraising Expenses $0

Program Expenses $1,563,682

Other Expenses $1,601,544

TOTAL EXPENSES $1,684,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,417,272	$1,302,880	+0.1%
Expenses	$1,684,943	$1,533,479	+0.1%
Net Income	$-267,671	$-230,599	+0.2%

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

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
PAUL FRACASSI	VICE PRESIDENT	0.25	Director	$0	$0	$0
CECILIA FERRO	SECRETARY	1.00	Director	$0	$0	$0
CONSOLATO CICCIU	PRESIDENT	1.00	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	No data	No data	No data	No data
2023	$1,417,272	$1,684,943	$5,010,582	$-267,671
2022	$1,302,880	$1,533,479	$5,226,605	$-230,599
2021	$1,297,454	$1,558,612	$5,471,634	$-261,158
2020	$1,060,954	$1,420,241	$5,655,252	$-359,287

BELMONT BOULEVARD II HDFC INC