KENNETH GLADSTONE BUILDING HOUSING DEVELOPMENT FUND COMPANY INC (EIN 134078893) - 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

1997

Legal Domicile

Principal Officer

JEFFREY FARBER MD

Phone

2128705000

Tax Period

2023-01-01 to 2023-12-31

KENNETH GLADSTONE BUILDING HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $933K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

OUR MISSION IS TO EMPOWER OLDER ADULTS TO ENHANCE PURPOSE AND WELL-BEING THROUGH A PORTFOLIO OF INNOVATIVE HEALTH CARE SERVICES.

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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 $902,898

Investment Income $30,326

Other Revenue $8

TOTAL REVENUE $933,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,101,718

Other Expenses $1,172,053

TOTAL EXPENSES $1,172,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$933,232	$975,797	0.0%
Expenses	$1,172,053	$1,109,086	+0.1%
Net Income	$-238,821	$-133,289	+0.8%

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

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

$1,810,340

Total Directors

$1,810,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN ALTSCHULER	TREASURER	0.20	Officer Director	$0	$0	$0
ELIZABETH PAGEL SEREBRANSKY	CO-CHAIR	0.20	Officer Director	$0	$0	$0
JEFFREY FARBER MD	PRESIDENT AND CEO	0.20	Officer Director	$0	$61,538	$1,212,894
LISA FEINER	DIRECTOR	0.20	Director	$0	$0	$0
MARK WEISS	CFO	0.20	Officer Director	$0	$22,692	$597,446
PETER HESS	DIRECTOR	0.20	Director	$0	$0	$0
TAMI J SCHNEIDER	CO-CHAIR	0.20	Officer Director	$0	$0	$0
LYNN OBERLAND	SECRETARY	0.20	Officer	$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	$933,232	$1,172,053	$7,279,103	$-238,821
2022	$975,797	$1,109,086	$7,496,355	$-133,289
2021	$909,335	$1,029,308	$7,625,940	$-119,973
2020	$927,647	$1,064,997	$7,750,593	$-137,350
2019	$947,771	$1,102,275	$7,936,946	$-154,504
2018	$969,771	$1,011,712	$8,095,744	$-41,941

KENNETH GLADSTONE BUILDING HOUSING DEVELOPMENT FUND COMPANY INC