NEWSET II HDFC (EIN 134101214) - 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

1999

Legal Domicile

Principal Officer

KRISTEN ANDREAZZA

Phone

2122656530

Tax Period

2023-01-01 to 2023-12-31

NEWSET II HDFC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING TO QUALIFYING LOW-INCOME FAMILIES IN THE BRONX, NEW YORK.

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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 $1,464,365

Investment Income $36,599

Other Revenue $16,765

TOTAL REVENUE $1,517,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,821,552

Other Expenses $1,918,748

TOTAL EXPENSES $1,918,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,517,729	$1,661,603	-0.1%
Expenses	$1,918,748	$1,735,935	+0.1%
Net Income	$-401,019	$-74,332	+4.4%

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

$671,959

Total Directors

$671,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXA SEWELL	PRESIDENT	0.25	Officer Director	$0	$38,386	$328,408
FAZEELA SIDDIQUI	VICE PRESIDENT	0.25	Officer Director	$0	$27,311	$134,355
JACQUELINE TOM	SECRETARY/TREASURER	0.25	Officer Director	$0	$16,579	$209,196

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	$1,517,729	$1,918,748	$4,828,643	$-401,019
2022	$1,661,603	$1,735,935	$5,069,728	$-74,332
2021	$1,228,786	$1,208,215	$5,250,375	$20,571
2020	$246,417	$707,904	$3,196,916	$-461,487
2019	$278,248	$669,601	$3,243,732	$-391,353
2018	$248,001	$686,300	$3,301,226	$-438,299

NEWSET II HDFC