NEWSET II HDFC

EIN: 134101214 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,517,729
Total Expenses
$1,918,748
Total Assets
$4,828,643
Net Assets
$-3,336,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
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.

Program Service Accomplishments

Program 1
Expenses: $1,821,552 Revenue: $1,481,130

THE ORGANIZATON PROVIDES AND OPERATES 128 AFFORDABLE HOUSING APARTMENT UNITS TO QUALIFYING LOW-INCOME FAMILIES IN THE BRONX, NEW YORK.

Program 2

THE ORGANIZATION PROVIDES SPACE FOR THE COLLEGE ACCESS PROGRAM WHICH PROVIDES FREE EDUCATIONAL COUNSELING TO ENCOURAGE JUNIOR AND SENIOR HIGH SCHOOL STUDENTS TO APPLY SUCCESSFULLY FOR ADVANCED...

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THE ORGANIZATION PROVIDES SPACE FOR THE COLLEGE ACCESS PROGRAM WHICH PROVIDES FREE EDUCATIONAL COUNSELING TO ENCOURAGE JUNIOR AND SENIOR HIGH SCHOOL STUDENTS TO APPLY SUCCESSFULLY FOR ADVANCED EDUCATION, THE ORGANIZATION RECEIVED RENTAL REVENUE FROM AN AFFILIATED RELATED PARTY WHO ADMINISTERS THE COLLEGE ACCESS PROGRAM.

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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 (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

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Governance

Voting Members
3
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
3
$671,959
Total Directors
3
$671,959
Key Employees
0
$0
Highest Compensated
0
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
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