ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 134066940) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

LINDA R HOFFMAN

Phone

2129627653

Tax Period

2024-07-01 to 2025-06-30

ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 31% operating margin.

Mission

PROVIDES 88 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED IN THE HARLEM. FORTY (40) OF ITS TENANTS ARE ENRICHED HOUSING PROGRAM RESIDENTS WHO REQUIRE SPECIAL ASSISTANCE AND FOOD SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,946,699

Program Service Revenue $292,128

Investment Income $5,787

Other Revenue $5,217

TOTAL REVENUE $3,249,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $413,431

Fundraising Expenses $0

Program Expenses $1,974,404

Other Expenses $1,813,990

TOTAL EXPENSES $2,227,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,249,831	$2,594,142	+0.3%
Expenses	$2,227,421	$1,981,525	+0.1%
Net Income	$1,022,410	$612,617	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
PEARL CHANG	BOARD MEMBER	0.20	Director	$0	$0	$0
ALMA RANGEL	BOARD MEMBER	0.20	Director	$0	$0	$0
EVELYN SALZBURG	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	$3,249,831	$2,227,421	$9,015,297	$1,022,410
2024	$2,594,142	$1,981,525	$7,932,000	$612,617
2023	$1,490,822	$1,717,732	$6,985,662	$-226,910
2022	$1,429,880	$1,619,606	$7,267,495	$-189,726
2021	$1,382,631	$1,527,813	$7,477,575	$-145,182
2020	$1,408,960	$1,376,075	$7,730,840	$32,885
2019	$1,055,225	$1,327,069	$7,599,906	$-271,844
2018	$1,048,934	$1,222,461	$7,827,822	$-173,527

ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC