HOUSING FIRST HOUSING DEVELOPMENT CO PATHWAYS TO HOUSING INC (EIN 134135572) - 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

SAM TSEMBERIS

Phone

2122890000

Tax Period

2023-07-01 to 2024-06-30

HOUSING FIRST HOUSING DEVELOPMENT CO PATHWAYS TO HOUSING INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $34 in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $71K exceeded revenue, resulting in a 209353% operating deficit.

Mission

HOUSING FIRST HOUSING DEVELOPMENT FUND CORPORATION'S PURPOSE IS TO ACQUIRE, DEVELOP, RENT,MANAGE,REPAIR AND MAINTAIN REAL PROPERTY IN NEW YORK CITY TO SERVE THE NEEDS OF LOW INCOME INDIVIDUALS WHO HAVE BEEN HOMELESS AND HAVE PSYCHIATRIC DISABILITIES.

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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 $0

Investment Income $34

Other Revenue $0

TOTAL REVENUE $34

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,551

Other Expenses $71,214

TOTAL EXPENSES $71,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34	$42	-0.2%
Expenses	$71,214	$61,398	+0.2%
Net Income	$-71,180	$-61,356	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM TSEMBERIS	President	0.50	Officer Director	$0	$0	$0

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	$34	$71,214	$564,158	$-71,180
2023	$42	$61,398	$631,073	$-61,356
2021	$9,954	$157,797	$932,704	$-147,843

HOUSING FIRST HOUSING DEVELOPMENT CO PATHWAYS TO HOUSING INC