ALMA RANGEL GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 134066940 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$3,249,831
Total Expenses
$2,227,421
Total Assets
$9,015,297
Net Assets
$-2,167,610
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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
NY
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

DEVELOPING, CONSTRUCTING, AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED.

Program Service Accomplishments

Program 1
Expenses: $1,974,404 Revenue: $292,128

PROVIDES 88 UNITS OF SUBSIDIZED LOW INCOME HOUSING FOR SENIOR CITIZENS.

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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%)

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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
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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

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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
7

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
6
$1,186,051
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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