FULTON JEFFERSON HOUSING DEVELOPMENT FUND CORPORATION

EIN: 134122332 Housing & Shelter

NEW YORK, NY

Total Revenue
$1,162,270
Total Expenses
$1,525,051
Total Assets
$5,073,164
Net Assets
$-3,796,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
ADAM WEINSTEIN
Phone
2122439090
Tax Period
2023-01-01 to 2023-12-31

FULTON JEFFERSON HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

FULTON JEFFERSON HDFC WAS FORMED TO OWN AND OPERATE A 107-UNIT RESIDENTIAL APARTMENT COMPLEX LOCATED IN THE BOROUGH OF BRONX, NY, TO PROVIDE LOW INCOME HOUSING.

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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 $1,062,046
Investment Income $42,285
Other Revenue $57,939
TOTAL REVENUE $1,162,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $272,198
Fundraising Expenses $0
Program Expenses $1,368,890
Other Expenses $1,252,853
TOTAL EXPENSES $1,525,051

Year-over-Year Comparison

2023 2022 Change
Revenue $1,162,270 $1,046,759 +0.1%
Expenses $1,525,051 $1,581,344 0.0%
Net Income $-362,781 $-534,585 -0.3%
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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Governance

Voting Members
3
Independent Members
N/A
Employees
5
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
5
$2,541,726
Total Directors
3
$1,757,428
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM WEINSTEIN PRESIDENT/CEO 1.00
Officer Director
$0 $172,076 $990,213
JAMES ROBERT PIGOTT JR VICE PRESIDENT AND SECRETA 1.00
Officer Director
$0 $79,704 $430,091
LUKEMAN OGUNYINKA TREASURER 1.00
Officer Director
$0 $62,804 $337,124
MATTHEW KELLY VICE PRESIDENT 1.00
Officer
$0 $73,253 $423,493
MICHAEL WADMAN VICE PRESIDENT 1.00
Officer
$0 $58,015 $360,805
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 $1,162,270 $1,525,051 $5,073,164 $-362,781
2022 $1,046,759 $1,581,344 $5,285,110 $-534,585
2022 $1,046,759 $1,581,344 $5,285,110 $-534,585
2021 $1,011,328 $1,451,865 $5,678,741 $-440,537
2020 $980,124 $1,460,088 $6,199,497 $-479,964
2019 $1,029,529 $1,453,261 $6,716,952 $-423,732
2018 $1,011,903 $1,386,568 $6,988,217 $-374,665
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