LA CASA DE FELICIDAD HOUSING DEVELOPMENT FUND CORPORATION

EIN: 134132203 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,382,296
Total Expenses
$1,924,838
Total Assets
$5,658,299
Net Assets
$-6,388,267
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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
NY
Principal Officer
ADAM WEINSTEIN
Phone
2122439090
Tax Period
2022-07-01 to 2023-06-30

LA CASA DE FELICIDAD HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2022. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 39% operating deficit.

Mission

LA CASA DE FELICIDAD HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO DEVELOP, OWN, AND OPERATE AN 84-UNIT RESIDENTIAL BUILDING LOCATED IN THE BRONX, NY, TO PROVIDE HOUSING FOR ELDERLY PERSONS OF LOW INCOME.

Program Service Accomplishments

Program 1
Expenses: $1,800,151 Revenue: $1,375,458

TO PROVIDE LOW INCOME HOUSING TO ELDERLY PERSONS. 84 FAMILIES BENEFITED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,340,286
Investment Income $6,838
Other Revenue $35,172
TOTAL REVENUE $1,382,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $360,384
Fundraising Expenses $0
Program Expenses $1,800,151
Other Expenses $1,564,454
TOTAL EXPENSES $1,924,838

Year-over-Year Comparison

2022 2021 Change
Revenue $1,382,296 $980,351 +0.4%
Expenses $1,924,838 $1,528,504 +0.3%
Net Income $-542,542 $-548,153 0.0%
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
7
Independent Members
3
Employees
2
Volunteers
3

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
7
$2,546,572
Total Directors
7
$2,178,069
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM WEINSTEIN PRESIDENT 1.00
Officer Director
$0 $162,116 $968,887
JAMES ROBERT PIGOTT JR VICE PRESIDENT AND SECRETARY 1.00
Officer Director
$0 $74,966 $415,028
MATTHEW KELLY VICE PRESIDENT 1.00
Officer Director
$0 $70,890 $407,918
BRIAN BRICKER TREASURER 1.00
Officer Director
$0 $69,454 $386,236
JESSICA CLEMENTE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEXANDER CRUZ VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JAVIER LOPEZ DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WADMAN VICE PRESIDENT 1.00
Officer
$0 $57,805 $368,503
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,382,296 $1,924,838 $5,658,299 $-542,542
2022 $980,351 $1,528,504 $5,891,118 $-548,153
2021 $893,806 $1,356,008 $6,262,257 $-462,202
2020 $789,844 $1,214,671 $6,852,205 $-424,827
2019 $773,756 $1,225,156 $7,423,878 $-451,400
2018 $1,142,975 $1,202,200 $7,743,261 $-59,225
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