AAFE COMMUNITY DEVELOPMENT FUND INC (EIN 134103352) - 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

2000

Legal Domicile

Principal Officer

THOMAS YU

Phone

2129642288

Tax Period

2023-01-01 to 2023-12-31

AAFE COMMUNITY DEVELOPMENT FUND INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $859K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 16% operating margin.

Mission

AAFE COMMUNITY DEVELOPMENT FUND, INC. PROVIDES TARGETED TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTGAGE LOANS TO ENHANCE HOME-OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS OF NEW YORK CITY, INCLUDING ASIAN-AMERICANS, MINORITIES AND IMMIGRANTS.

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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 $556,473

Program Service Revenue $74,094

Investment Income $25,451

Other Revenue $203,308

TOTAL REVENUE $859,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $342,405

Fundraising Expenses $0

Program Expenses $641,586

Other Expenses $379,424

TOTAL EXPENSES $721,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$859,326	$687,283	+0.3%
Expenses	$721,829	$637,701	+0.1%
Net Income	$137,497	$49,582	+1.8%

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

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

$892,776

Total Directors

$345,309

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA CHIU	DIRECTOR	1.00	Director	$0	$0	$0
HEIDIE JOO BURWELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM BURKE	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA TOM	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS YU	PRESIDENT/ED	1.00	Officer Director	$0	$66,264	$345,309
EDDIE WONG	DEPUTY MANAGING DIRECTOR	40.00	Officer	$105,841	$20,164	$126,005
JESSIE LEE	MANAGING DIRECTOR	5.00	Officer	$0	$25,098	$200,871
JOY SUZANNE GRANADO	CHIEF ACCOUNTING OFFICER	1.00	Officer	$0	$28,046	$220,591

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	$859,326	$721,829	$6,972,057	$137,497
2022	$687,283	$637,701	$7,122,719	$49,582
2021	$597,615	$581,655	$7,541,854	$15,960
2020	$562,272	$596,858	$7,666,322	$-34,586
2019	$475,721	$698,954	$7,543,344	$-223,233
2018	$590,419	$639,522	$7,964,036	$-49,103

AAFE COMMUNITY DEVELOPMENT FUND INC